Senior Asset Manager

DC Housing Finance Agency; Washington (District of Columbia); On-site; USD 140,000 - 165,000; Full time

Job summary

A leading agency in housing finance is seeking a Senior Asset Manager to oversee a multifamily portfolio. The role involves monitoring property conditions, conducting inspections, and collaborating with various departments to ensure compliance and performance. Ideal candidates will have a Bachelor's degree and extensive experience in real estate and asset management.

Benefits

Medical insurance

401(k)

Student loan assistance

Tuition assistance

Disability insurance

Qualifications

• 7+ years of experience in Real Estate, Asset Management, or Property Management.
• Knowledge of affordable housing and related programs.
• Strong research and quantitative skills.

Responsibilities

• Oversee a multifamily portfolio and monitor property conditions.
• Conduct annual property inspections and collaborate with team members.
• Review operating budgets and financial statements for potential issues.

Skills

Analytical skills

Project management

Communication skills

Education

Bachelor’s Degree in Real Estate, Business, or related field

Masters in Real Estate Development or MBA

Tools

Microsoft Office Suite

Excel

Job description

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Vice President, Human Resources at DC Housing Finance Agency IHR Impact Award Winner- Washington Business Journal

POSITION SUMMARY:

The Portfolio and Asset Management Department is responsible for managing the Agency’s Multifamily portfolio of over one hundred and forty (140+) projects for compliance with terms of the loan agreement and the Agency’s mission of affordability requirements. The Senior Asset Manager oversees an assigned portfolio of multifamily properties with various loan and regulatory requirements. S/he is tasked with monitoring the condition of each property in their respective portfolio and collaborating with the with other team members and departments who has a stack to achieve maximum performance of the assets. More specifically, the Senior Asset Manager is responsible for the following:

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Managing a portfolio containing a greater proportion of at risk properties. Monitoring the affordability requirements and marketability of properties within the portfolio and conducting analysis and developing assessments/action plans for the at-risk properties.
• Performing annual property inspections to ensure viability, prudent operational performance, and fiscal management.
• Collaborating with the Portfolio Manager to identify cost containment opportunities.
• Reviewing proposed operating budgets and audited financial statements to identify potential issues, and monitoring pre-payable and maturing loans. Utilizing networking opportunities to develop relationships for potential financing opportunities.
• Serving as primary contact for a range of constituencies.
• Assisting the Director in providing guidance and training to Asset Managers and updating and developing policies and procedures.
• Collaborating with Business Development, Underwriting, Loan Servicing and Subsidy Administration staff to further the Agency's efforts.
• Reviewing and authorizing escrow disbursements and distribution requests.
• Conduct desk reviews, Management Operation Reviews (MORS), and Property Management Reviews of assigned Risk Share and Non-Risk Share projects
• Review and analyze consent/loan modification request for Agency conformity.
• Performing other duties as assigned

KNOWLEDGE AND QUALIFICATIONS:

• Bachelor’s Degree in Real Estate, Business, or another related field from an accredited university or equivalent experience is required
• Masters in Real Estate Development (MRED) or a Master’s in Business Administration (MBA) a plus
• 7 +years of experience in Real Estate, Asset Management or Property Management
• Knowledge of affordable housing, Low Income Housing Tax Credits, Tax Exempt Bond Programs and HUD Affordable Housing Programs
• Knowledge of building codes and maintenance and housing quality standards
• Understanding of federal, state, municipal code, regulations; contract law; and real estate law
• Must possess strong research, project management, organizational, analytical, and math/quantitative skill
• Excellent communication skills: both verbal and written with the ability to make presentations
• Must possess strong working knowledge of all aspects of Microsoft Office Suite, specifically Excel

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Housing and Community Development

Referrals increase your chances of interviewing at DC Housing Finance Agency by 2x

Inferred from the description for this job

Medical insurance

401(k)

Student loan assistance

Tuition assistance

Disability insurance

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