HUD Asset Manager (Hybrid)

Job Description:

POSITION PURPOSE: 

As the Real Estate Asset Manager, you would be working in this Hybrid role 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 with MBA or CPA preferred

Experience Required:   

• Minimum of one year of experience in property management/leasing/operations and/or real estate asset management required.

• One year of affordable housing finance or asset manager experience preferred.

• PRAC specific position with preference for candidates with HUD experience

Skills/Abilities:         

• Proficiency with modeling investments in Excel

• Understanding of Partnership Agreements and Low Income Housing Tax Credits (LIHTC)

• 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 OF THIS POSITION

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

• Up to 15% travel throughout the United States is required for this position

• 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

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.