Associate Director of Asset Management

About PPL Project for Pride in Living (PPL) is a nonprofit organization dedicated to empowering low-income individuals and families to become self-reliant through integrated services in housing, employment, and education. We believe in the power of community and the potential of every person. When joining PPL, you become a part of a diverse team whose goal is to assist our residents and communities with the groundwork they need not only to survive but also to thrive. Position Summary The Associate Director of Asset Management is a strategic leadership role responsible for optimizing the performance, sustainability, and long-term value of Project for Pride in Living’s (PPL) multifamily affordable real estate. This position oversees asset management functions across affordable housing and mixed-use developments to preserve the quality and longevity of our buildings in a manner that is aligned with our mission. What You’ll Do Portfolio Performance Monitor and manage primarily low-income housing units plus some commercial space, including monitoring financial performance, physical condition and capital expenditures, of troubled properties and recommending corrective action Contracts and Management Services Select, engage, and manage appropriate management services for all PPL-owned real estate Asset Management Plan Work closely with Asset Management team to establish and implement an Asset Management Plan Property Disposition Coordinate and execute property disposition strategies, including conducting financial analysis, identifying and addressing legal issues, such as land use restrictions and other property covenants, and coordinating project closing details Property Insurance and Property Tax Ensure property insurance and property tax is in order for each property, including assuring that proper insurance coverage and tax classification and valuations filed and addressed appropriately Manage all property insurance claims, losses and repairs, in coordination with Property Management, Finance and outside contractors External Stakeholder Management Produce and prepare reporting to partners, investors, funders, and other external stakeholders as required Asset Compliance Monitor and manage compliance with all funding and other asset‑related requirements for all owned properties, including assuring that regulatory and legal reporting requirements are fulfilled Real Estate Development and Rehabilitation Collaborate with Real Estate Development and Property Operations during all phases of the development process to review and analyze financial plans, projections, and financial structures Supervisory Responsibilities There are no supervisory responsibilities at this time What You Bring Demonstrated problem solving skills in analyzing and recommending alternatives Strong financial analysis skills essential to the review of the financial performance, and solutions related to operating issues related to an affordable housing portfolio Experience with the preparation of budgets, capital expenditures, and tax information Prior Real Estate Portfolio Management Experience 5-7 years’ experience in real estate, asset management, property management, real estate accounting or other closely related field Demonstrated proficiency in the ability to read and interpret documents related to the Asset Management such as property records, income and expense reports, insurance and property tax information Familiarity with low-income housing funding mechanisms essential to operation and development of affordable housing properties (e.g. tax credit financing, operating subsidy programs, section 8 housing assistance, state/local/federal funding) Knowledge of real estate financing and accounting Yardi Property Management software proficiency highly desirable Must have valid driver’s license and able to drive to inspect sites Education and/or Experience BA/BS degree in Real Estate Management, Business, Finance, Accounting, or a combination of training and relevant experience Salary/Hours: Full Time/Exempt: $95,000 - $110,000 annually DOQ Why You’ll Love Working at PPL Competitive Pay $95,000 - $110,000 annually DOQ/Exempt Comprehensive Benefits Package Health & Dental Insurance Employer-paid Short- & Long-Term Disability and Life Insurance Paid Parental Leave HSA or FSA options Generous PTO & Paid Holidays 403(b) Retirement Plan with Employer Match Work-Life Balance & Perks Summer Half-Day Fridays (Memorial Day–Labor Day) Purpose-Driven Work Make a real difference in people’s lives and in your community every day Project for Pride in Living, Inc. is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the organization will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer. #J-18808-Ljbffr PPL Project for Pride in Living