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Property Asset Manager

Company: UPholdings, LLC
Location: Fresno
Posted on: May 24, 2023

Job Description:

Now Hiring! Property Asset ManagerLocation: Fresno, CASchedule: Full TimeTravel: REMOTE with daily, weekly travel to properties in the company portfolio What's In It for You: Compensation: Based on experience. 401(k), Insurance and benefits packages including Medical, Dental, and Vison Company paid time off and holidays offered Who we are: UPholdings is an affordable housing real estate company that focuses on holistic wrap-around services as a part of our model. We understand that safe, stable housing is the cornerstone to living a better, more fulfilling life. The Community Partnership Manager is responsible for implementing a framework for residents, management staff, and local service providers to collectively contribute to the well-being of our communities. Job Summary: UPholdings is currently looking for a Property Management Asset Manager to join our team in the Lincolnwood, IL office. If you are looking to join a upbeat team who goal is to make a difference in the lives of people and are a detail oriented, self-starter who enjoys working in a fast-paced high-volume environment, then this is the place for you! Apply Today! Job Responsibilities:- Oversee the operation and management of the organization's residential portfolio ensuring that the properties' performance meet or exceed financial expectations, are physically maintained at or above company standards, and comply with all regulatory requirements, including properties managed by 3rd parties as well as internally.- Manages the annual budget process of the portfolio, working directly with Accounting, Regional Property Management and, where applicable, Development staff to analyze budgets against UPholdings budgets, benchmarks and goals and proposes creative solutions to cash-flow and financial ratio issues.- In collaboration with the Regional Property Managers, and Operations Manager conduct monthly variance analysis to understand and explain both project specific and portfolio wide trends, including analysis and proposed resolutions to any portfolio issues- Maintain capital improvement plans and provide solutions to capital improvement needs through management of reserves, securing soft funding through public sources, restructuring of existing debt, seeking refinance opportunities, and ensuring timely approval of bid packages for capital improvements- Ensures properties are meeting affordability, operating expense per unit, reserve funding, and surplus cash distribution goals as required under all agreements or regulations.- Reviews and analyzes all reporting, resents resolutions, property performance summaries, and other items as required information due to owners, investors/lenders and reports on options to address concerns impacting the financial and/or physical health of the asset.- Works in collaboration with others to resolve issues related to cash-flow and long-term capital needs, including working with investors/lenders to free-up existing reserves or secure loans.- Maintain property tax exemptions, appeals etc and ensuring appropriate budgeting for escrows- Research partnership agreements, financing documents, regulatory agreements, tax returns, and other source documents to determine constraints and barriers to long-term needs.- Conducts site visits, reviews of property conditions and monitors progress on various initiatives.- Develops corrective action with property management and tracks progress, escalating issues through senior management, as appropriate.- As assigned, works with Development and Property Management to create accurate Proformas and long-term strategic plans for new properties.- Review all governing documents for new and existing properties, including, but not limited to, partnership agreements, regulatory agreements, ground leases, etc.; and initial proformas and stabilized/lease-up budgets for new developments.- Creates and maintains comprehensive asset management/strategy plans for each property- Establish and maintain effective business relationships with all financial partners including lenders and investors- Performs other assignments as requested.- Analyze, research and secure new funding opportunities for existing portfolio such as energy credits- Add work with subsidy administrators on renewals and rent increases to ensure portfolio is matched to market conditions- Facilitate the transition from development to operations and ensuring staff is prepared for all compliance needs Qualifications:- Bachelor's Degree in the field of Finance, Business Administration, Accounting, or related field.- 6+ years of progressive experience in asset management, specifically property management and that experience to be in affordable housing, including working with LIHTC- Knowledge of asset management functions including understanding property budgets, variance analyses, capital improvement plans, as well as investor and lender reporting requirements.- A creative approach to problem-solving in the field of real estate development; enthusiasm and team building spirit.- Proven ability to work collaboratively with groups at various levels both internal and external, and able to lead a project where needed.- Knowledge of and experience with loan packaging, public and private affordable housing resources, and subsidy programs.- Ability to effectively engage community representatives, including persons with diverse economic and educational backgrounds, in the real estate and community development process.- Strong analytical and financial skills.- Strong written and verbal communication skills.- Ability to multitask and adapt to changing priorities in a fast-paced and collaborative environment.- Well-organized, detail oriented, and excellent analytical skills; proficiency in sophisticated financial analysis using Excel, Microsoft Word and other administrative softwareTo find out more about us, our values, and the work we do visit our website at UPholdings

Keywords: UPholdings, LLC, Fresno , Property Asset Manager, Accounting, Auditing , Fresno, California

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