Asset Manager (7070 - Asset Management)

Position Overview Directly responsible for ensuring the long‑term financial and physical health of EAH properties and that the properties meet EAH, owner, and lender requirements. Acting on own initiative, the Asset Manager reviews and analyzes the portfolio against benchmark performance and assists in the development of corrective action plans to address Watch List property issues. The role is integrally involved in monitoring budget‑to‑actual variances and communicating issues and proposed solutions to Real Estate Management (REM), Real Estate Development (RED) departments and Senior Management. Salary range: $85,500.00 – $140,600.00 per year (new employees generally $85,500.00 – $113,050.00 per year, DOE). Responsibilities Acts as primary contact for lenders, investors, and regulatory agencies for budget approvals. Reviews and distributes annual audits to lenders, investors, and regulatory agencies. Submits monthly, quarterly, and annual reporting as required by lenders, investors, and regulatory agencies. Works with REM Directors/Property Supervisors to analyze budgets against EAH benchmarks and goals, and proposes creative solutions to operating cash flow, financial ratio issues, and long‑term capital needs. Works with the Compliance Director to confirm Maximum Rent, establish rent burden policies, and set goals for annual rent adjustments/increases. Reviews budgets and participates in budget review meetings to ensure properties are meeting rent increase objectives, affordability, operating expenses per unit, reserve funding, EAH affiliate fees, and surplus cash distribution goals required under all agreements or regulations. Assists the Budget Committee to refine current procedures and workflow. Reviews, tracks, and submits all reserve draw requests. Reviews long‑term capital plans for portfolio properties. Monitors portfolio to ensure that operating expenses are in line with budget and that variance explanations meet EAH and investor/lender requirements. Manages LIHTC capital accounts through annual analysis and exit tax projections. Ensures that all financial plans and regulatory agreements meet asset management requirements. Reports quarterly in the Asset Management meeting with any issues. Provides enhanced review and analysis of Watch List properties and properties outside of established benchmarks. Monitors properties moving into operations and ensures that these properties meet pro forma performance through the first complete fiscal year of full operations. Prepares DCR worksheets for perm loan closing. Completes Asset Management Plans and summary reports as required. Maintains and updates fields and information in MRI, including important dates and loan information as required. Identifies and creates reports in Yardi and MRI to help assist Property Supervisors and Senior Management. In collaboration with REM, prepares initial operating budgets for RED to incorporate into their development proformas. Attends agency/investor‑sponsored training. Attends mandatory meetings and training. Actively participates in EAH’s Injury and Illness Prevention Plan. Maintains regular and predictable attendance. Qualifications Education: Bachelor’s degree or equivalent combination of education/training/experience. Experience: 3–5 years in affordable housing and 1+ year reporting to and working with agencies such as HUD, TCAC, CHFA, HOME, USRDA, HCD, RHCP, and investors. Desirable Additional Qualifications AMS/CHAM Designation Knowledge of YARDI & MRI Accounting and/or Finance Education Benefits Medical, dental, vision, disability and life insurance 403(b) retirement plan with 5% company match Generous vacation accrual: 15 days per year (increases with service) 10 paid sick days per year 13 paid holidays Competitive salaries EAH Wellness Program Flexible Spending Account EAP – Mental Health, Financial and Legal Services $1,500 Employee Referral Program EAH University, an in‑house training program Background Check Requirements EAH Housing conducts criminal background checks on all candidates who have received a conditional job offer. After an offer is received, candidates must submit and pass the background check and also verify education and employment history. Any verified discrepancy may delay background check results and/or affect eligibility. Certain roles may require fingerprinting; if onsite housing is required, any household members over 18 living onsite must also undergo a criminal background check and tenant screening. Successful completion of background check and fingerprinting is required for employment. Drug Testing EAH Housing requires all candidates who have received a conditional job offer to submit to drug testing within 72 hours of accepting the offer. Testing does not include marijuana/cannabis. Successful completion of drug testing is required for employment. EAH Housing is an AA/EEO/Veterans/Disabled Employer. CA BRE #00853495 | HI RB - 16985 #J-18808-Ljbffr EAH Housing