Vice President of Asset Management - 131 West 25th Street.

BRC; New York (NY); On-site; USD 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a Vice President of Asset Management to oversee a diverse portfolio of real estate properties, including affordable housing and commercial spaces. This pivotal role involves strategic planning for property performance, financial analysis, and collaboration with senior staff to ensure regulatory compliance and optimal asset management. Join a mission-driven organization committed to making a positive impact in the community, where you can leverage your expertise in property management and finance to drive meaningful change. This position offers a competitive benefits package and a supportive work environment focused on employee wellbeing and development.

Benefits

Health and Dental Insurance

Paid Sick Time

403(b) Pension Plan

Tuition Assistance

Flexible Spending Accounts

Generous Vacation Policy

Paid Holidays

Qualifications

• 10+ years of experience in affordable housing or property management.
• Core competencies in property management and real estate finance.

Responsibilities

• Oversee BRC’s real estate portfolio and implement asset strategies.
• Conduct financial analysis and prepare reports for senior management.

Skills

Property Management

Real Estate Finance

Financial Reporting

Building Systems Knowledge

Regulatory Compliance

Communication Skills

Collaboration

Education

Bachelor's Degree in Real Estate, Business, Urban Planning, Public Administration, Finance or Economics

Master's Degree

Job description

Tagged : Full Time , Shift - Day, Management / Supervisory , Administrative, Facility / Maintenance

Reporting directly to the Chief Administrative Officer and working closely with various members of BRC’s Senior Staff, the Vice President of Asset Management is responsible for the oversight of BRC’s current and growing portfolio of real properties which includes affordable housing, commercial space, leased shelter facilities and BRC owned shelter facilities.

The Vice President of Asset Management will implement asset strategies that plan for future growth, establish oversight, and sustain protocols, set performance benchmarks, and facilitate opportunities for ideal property performance. Related duties as assigned.

The responsibilities will include, but are not limited to the following :

Asset Management

With a focus on BRC owned properties, this individual will be responsible for the management of a real estate portfolio comprised of approximately 30 properties which include affordable housing units and buildings, commercial space, office space and City owned properties.

Lead effort in transitioning real estate development projects into BRC’s existing property management portfolio upon construction completion.

Evaluate building related systems proposed for properties under construction to confirm BRC possesses the adequate skills in house to adequately maintain these systems and recommends alternative solutions as needed.

Identify total cost of property ownership for each asset within BRC’s real estate portfolio.

Provide suggestions for realizing additional return on investment for existing real estate portfolio.

Assess building conditions and evaluate the fiscal health of properties and provide recommendations for enhancements.

Conduct periodic visits to BRC properties within the four boroughs (i.e., Manhattan, Bronx, Brooklyn, and Queens) via transportation provided by BRC or travel expense reimbursed.

Partner with Vice President of Facilities Support Services to ensure work performed by vendors is performed to appropriate specifications and quality.

Collaborate with the Finance function to ensure each property within the portfolio has sufficient insurance coverage.

Collaborate with the Vice President of Facilities Support Services in the further development of BRC’s existing work order system to enable planned and preventive maintenance efforts.

Financial Management and Analysis

Partner with the Chief Real Estate Development Officer, the Chief Financial Officer, and the Vice President of Facilities Support Services and others as appropriate to build a comprehensive multi-year financial forecast with anticipated facilities related capital expenditures to support new funding requests.

Collaborate with Vice President of Contracts and Budget, Assistant Controller for Housing, and others to understand existing facilities related capital reserves.

Prepare quarterly and as needed financial reports on the performance of BRC’s real estate portfolio to the CEO, CFO, Chief Real Estate Development Officer, VP of Housing, and Chief Administrative Officer.

Investigate reasons for inordinate expenses or expenses that appear out of line.

Compliance and Sustainability Planning

Ensure portfolio compliance with regulatory and syndicator requirements.

Collaborate with the Vice President of Facilities Support Services on initiatives related to LL 84, 87 and 97 compliance requirements.

IDEAL EXPERIENCE AND CHARACTERISTICS

Bachelor’s degree is required, preferably in Real Estate, Business, Urban Planning, Public Administration, Finance or Economics. A master’s degree is preferred.

10 years of relevant experience of which 3 – 5 years should be comprised of professional experience in affordable housing, property management, public finance, government, or a related field.

Core competencies and experience in property management and real estate finance.

Knowledge of building systems and building codes.

Experience performing building commissioning and assessments.

Ability to serve as BRC’s expert and owners’ representative across the real estate portfolio.

Broad knowledge of and experience in housing finance, property management and compliance.

Ability to read financial statements.

Superior verbal and written communication skills.

A collaborative team player who is a self-starter.

Ability to perform site inspections and tours.

Knowledge of New York City and State governmental agencies and processes.

Impeccable integrity and professionalism, and sound judgment.

• Vaccination preferred but not required

MAKE AN IMPACT

Are you looking to make a positive impact on the lives of those in your community? At BRC, our staff help New Yorkers experiencing homelessness reclaim their lives by providing a hand up, offering opportunities for health and self-sufficiency, and restoring hope and dignity.

Each and every BRC staff member makes heroic contributions to our city, providing vital services in times of crisis and need. Through our commitment to employee wellbeing and development, BRC provides a workplace where staff can achieve their goals, make a difference with our clients, and grow personally and professionally. BRC is committed to a safe and healthy workplace : we provide PPE to all employees and enforce temperature monitoring and physical distancing best practices across our programs.

Today, we have over 1000 full-time, part-time, and per-diem positions located in Manhattan, Brooklyn, the Bronx and Queens. Come and learn why 95% of BRC employees report that they would recommend BRC as a good place to work, and join us in building a more caring and compassionate city.

BENEFITS

BRC takes the health, safety, and wellbeing of our employees seriously. Employees are eligible for health insurance and paid sick time benefits immediately upon starting work. In addition, full time employees receive a generous benefits package, including :

Competitive health and dental plans, with coverage is available for your spouse, domestic partner, and dependents.

A minimum of 3 weeks paid vacation, 12 paid holidays, and additional paid sick and personal time. A 403(b) pension plan with a matching benefit paid by BRC.

Tuition assistance and many training opportunities for career development.

Flexible spending accounts (FSAs) are available so employees can set aside pre-tax dollars for healthcare, transit and childcare.