Asset Manager I

Job Description The Real Estate Asset Manager (Hybrid) role is responsible for creating and overseeing customized asset management strategies for multi-family LIHTC and HUD communities owned by National Church Residences. Essential Functions and Basic Duties Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance. Work closely with property managers and Regional Managers to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis and approvals. Conduct market studies of competing properties to determine market competitive rents. Manage cash flow, distribution analysis and investment projections. Develop and distribute periodic asset management reports to senior management, investors, consultants and other partners. Position each asset for optimal financial performance through such activities as budgeting and monitoring financial performance. Performance Measurements Financial and operational performance measures of the assigned portfolio. Accuracy, relevancy and timeliness of reporting and communication with management and third-party partners. Success in achieving owner goals including distributions and long term viability of property. Success of problem identification and resolution. Quality of relationships with managing agents, limited partners, lenders, housing agencies and HUD. Qualifications Education/Certification: BA/BS degree in Finance, Accounting, Real Estate or related field with strong record of academic achievement. MBA or CPA preferred. Experience Required: Level 1 – experience in property management, leasing, operations and/or real estate asset management. Preference for candidates with HUD experience. Skills/Abilities: Proficiency with modeling investments in Excel; understanding of partnership agreements and Low Income Housing Tax Credits; understanding of accounting and financial modeling; solid analytical and organizational skills and ability to multi‑task; highly-developed verbal and written communication skills; ability to work independently and as part of a team; proactive thinking with detail‑oriented and creative problem solving approach; self-directed and self-managing. Physical Activities and Requirements Up to 25% travel throughout the United States is required. Must be able to perform typical movements required in an office position such as sitting, standing, climbing stairs, stooping, bending, and reaching. Must periodically deal with interruptions due to activity in the work area. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Working Conditions and Mental Activities Reasoning Ability: Information gathering, analysis and conclusions. Mathematics Ability: Advanced math including financial calculations. Language Ability: English only required. Supervision Received: Moderate supervision; employee is expected to make independent decisions without direct management. Typical office environment. Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, ancestry, military status, disability, genetic information and/or any other characteristics protected by applicable law. #J-18808-Ljbffr