Asset Manager

Job Description Job Description PLEASE (COPY AND PASTE) THE LINK BELOW ; & fromClientSide=true About Community Corporation of Santa Monica - Community Corp is a mission-driven nonprofit dedicated to restoring, building, and managing affordable housing. Since 1982, we have developed and preserved over 2,000 homes throughout Santa Monica and the Westside. Our work goes beyond housing we strengthen neighborhoods, support thriving communities, and create lasting impact for thousands of residents. By expanding access to affordable housing, we help make our communities more inclusive, sustainable, and supportive for all. Position Overview - We are seeking a strategic and analytical Asset Manager to help drive the financial performance and long-term sustainability of our affordable housing portfolio. In this role, you will evaluate property performance, ensure compliance with complex regulatory requirements, and collaborate cross-functionally with Property Management, Maintenance, and Housing Development teams. This is a high-impact position for someone who thrives at the intersection of finance, data, and mission-driven work . - Seeking an Asset Manager to join our team as we transition to a data-driven environment. Strong analytical skills and a background in data analysis or advanced analytics are highly preferred. Compensation and Benefits - Salary Range: $75,300 – $94,100 annually We offer a competitive and comprehensive benefits package, including: • Medical insurance • Dental and vision insurance • 4 weeks of paid vacation • 403(b) retirement plan • 120 hours of sick time • Paid holidays • Mileage reimbursement • 9/80 work schedule (every other Friday off!) Essential Position Responsibilities - • Leverage systems such as Yardi to enhance real-time reporting and portfolio analytics • Develop dashboards and reports to monitor financial and operational performance • Present findings and recommendations to leadership and Board members • Ensure compliance with regulatory agreements and funding requirements • Support resolution of operational and financial issues, including reserve requests and fund transfers • Coordinate responses to government agencies, lenders, and investors • Participate in annual property budgeting and financial planning • Complete and monitor annual Welfare Tax Exemption preparation, filing, and follow through (billings) • Create and implement plans for Limited Partners to exit properties financed with Low Income Housing Tax Credits (LIHTC). • Lead efforts to restructure the debt and equity on individual properties and pools of properties. • Contribute to decisions regarding maximizing property cash flow and fees paid to Community Corp. Skills - • Multifamily experience in affordable housing development and/or property management. • Relevant experience in multifamily property management for a general or limited partner. Specific knowledge of affordable programs, such as IRS Section 42 (LIHTC), HUD, LAHD, HCD, and CDLAC. • Previous experience must include responsibilities for understanding property budgets, variance analysis, capital improvement plans, investor and lender reporting requirements. • Detailed knowledge of and ability to interpret legal documents such as loan documents, limited partnership agreements, regulatory agreements and agreements for the provision of resident services. • Yardi experience preferred • Advanced Microsoft Excel skills required (modeling, analysis, reporting) • Strong analytical thinking with the ability to make sound, data-driven decisions • Excellent interpersonal skills with the ability to collaborate across all levels • Strong written, verbal, and organizational skills • Self-motivated, detail-oriented, and adaptable • Ability to balance independent work with team collaboration Education and Experience - • Bachelor’s degree preferred • 3–5 years of relevant job experience preferred • Experience in nonprofit or multi-funded housing organizations is a plus Supervisory Responsibilities - • This position does not include supervisory responsibilities Physical Requirements - • Ability to sit and use office equipment and computers for the majority of the workday • Ability to lift up to 25 pounds Work Environment - • Fast-paced office environment with multiple priorities and deadlines • Requires focus and adaptability in an environment with frequent interruptions Travel Requirements - • Occasional local travel within Santa Monica to visit properties • Air travel for conferences and trainings will as be required • Valid California driver’s license and insurance required Background Check and Driving Record will be Conducted Community Corp. is an Equal Opportunity Employer Company Description Community Corp. is a Santa Monica-based non-profit organization that restores, builds, and manages affordable housing for working families of modest means. By enhancing and increasing affordable housing, we improve neighborhoods, create an environment where people can thrive, and change thousands of lives. Our work contributes to the distinct character of Santa Monica, making it a more inclusive, caring, and environmentally sustainable city. In short, we advance the values that Santa Monica residents share – and enrich our community. We are dedicated to providing exceptional housing opportunities. Our “Tenant Selection Criteria” guides selection and occupancy and are provided to help you understand our process. Our criteria follows required governmental regulations. These regulations may include guidelines from HUD, HCD, TCAC and City of Santa Monica. We work to meet our residents’ needs and exceed their expectations when it comes to leasing and maintaining their homes. If you are considering living in a Community Corp. residence, you can rest assured we’ll be there for you when you need us. Our entire team strives to conduct ourselves honestly, ethically, and in accordance with Fair Housing principles. We increase and improve Santa Monica’s affordable housing stock. Since our inception in 1982, the Housing Restoration and Production Department has managed the rehabilitation and construction of nearly 2,071 affordable homes. We oversee the acquisition of property, develop conceptual proposals, secure financing, and manage construction. In all of our properties, we strive to construct housing that is at the forefront of architectural innovation and environmental sustainability. We preserve historic buildings and construct new housing that is sensitive to the surrounding area’s scale and style, working to improve neighborhoods and strengthen communities. Company Description Community Corp. is a Santa Monica-based non-profit organization that restores, builds, and manages affordable housing for working families of modest means. By enhancing and increasing affordable housing, we improve neighborhoods, create an environment where people can thrive, and change thousands of lives. Our work contributes to the distinct character of Santa Monica, making it a more inclusive, caring, and environmentally sustainable city. In short, we advance the values that Santa Monica residents share – and enrich our community.\r\n\r\nWe are dedicated to providing exceptional housing opportunities. Our “Tenant Selection Criteria” guides selection and occupancy and are provided to help you understand our process. Our criteria follows required governmental regulations. These regulations may include guidelines from HUD, HCD, TCAC and City of Santa Monica.\r\n\r\nWe work to meet our residents’ needs and exceed their expectations when it comes to leasing and maintaining their homes. If you are considering living in a Community Corp. residence, you can rest assured we’ll be there for you when you need us. Our entire team strives to conduct ourselves honestly, ethically, and in accordance with Fair Housing principles.\r\n\r\nWe increase and improve Santa Monica’s affordable housing stock. Since our inception in 1982, the Housing Restoration and Production Department has managed the rehabilitation and construction of nearly 2,071 affordable homes. We oversee the acquisition of property, develop conceptual proposals, secure financing, and manage construction. In all of our properties, we strive to construct housing that is at the forefront of architectural innovation and environmental sustainability. We preserve historic buildings and construct new housing that is sensitive to the surrounding area’s scale and style, working to improve neighborhoods and strengthen communities.