Asset Manager

Asset Manager

Under the general direction of the Director of Asset Management, this position performs a wide variety of tasks related to the planning, development, and preservation of affordable housing with a specialization in housing for special needs populations such as homeless, at risk of homelessness and elderly. The Asset Manager will be responsible for conducting the analysis, recommendation, partnership activities, and implementation strategy of a portfolio of developments owned or operated by Housing Authority of the City of Los Angeles (HACLA) or affiliated partnerships, and organizations. The incumbent will be responsible for the financial viability of a significant and growing housing portfolio, including oversight of third-party management, services, government and institutional partnerships, capital investments, market research and analysis, and buy/sells/hold strategies.

Responsibilities include:

• Providing pre-acquisition input and assistance in due diligence process
• Modeling full life cycle financial analysis for each asset
• Developing policies and documents including leasing and management plans
• Ensuring properties meet building and operation requirements
• Assisting in negotiations of contracts with third parties
• Overseeing details of property readiness and lease up
• Assessing, approving and overseeing implementation of capital investments
• Meeting regularly with management, service staff and tenants
• Developing approach to asset management activities
• Responding effectively to management issues or emergencies
• Ensuring clear lines of communication between HACLA and third parties
• Monitoring project finances for conformity to budget
• Developing and updating records of outstanding indebtedness of partnerships
• Assisting Finance in the preparation of tax returns, quarterly and annual financial statements
• Working closely with in-house accounting personnel to manage asset performance
• Leading and participating in internal and external team meetings
• Negotiating third party services and management contracts
• Implementing or evaluating Property Management plans
• Performing other tasks as may be assigned

Knowledge, Skills and Abilities include:

Knowledge of principles and practices of organization, administration, budgeting and financial management; principles and practices of property maintenance and operations; principles and practices of supervision and training; principles and practices of real property asset management; principles and practices of health and human services with an emphasis on housing-based programs; research methods, statistical analysis and techniques and methods of report preparation and presentation; principles of budgeting, accounting and finance methods; applicable Federal, State, and local laws and regulations.

Ability to effectively use technology and software to track data, budgets, tenant information, create reports and presentations; develop long-range plans consistent with established goals, objectives and available resources; assess and resolve problems effectively and efficiently; manage and generate resources; manage personnel, multiple projects and operations simultaneously; effectively prioritize work and ensure timely completion of projects; perform a broad range of supervisory responsibilities; adapt to changes in budget and priorities; use multiple resources, quantitative, and qualitative research methodologies to capture and interpret information; properly interpret and make decisions or recommendations in accordance with laws, codes, regulations and policies; present ideas effectively, orally and in writing; work constructively and maintain effective relationships with a wide range of people and position levels in a manner that reflects well upon HACLA and accomplishes work in an effective and efficient manner.

Qualifications include:

Bachelor's degree from an accredited college or university in Finance, Public or Business Administration, or a closely related field, AND a minimum of five (5) years progressively responsible experience in residential property management and multi-family housing portfolio management with a minimum of three (3) years of supervisory experience in the fields of Asset or Property Management. CPM (Certified Property Management) certification preferred.

Possession of, or ability to obtain, an appropriate, valid California driver's license. Employees must maintain a driving record, which meets the insurability requirement of the Housing Authority's carrier.