Vice President Asset Management

RESPONSIBILITIES

• Managing the strategic and operational priorities and monitoring the performance of the assets in the ASI portfolio.
• Participate in the Acquisition, Diligence, and Closing process in order to ensure a smooth and effective takeover of newly acquired properties.
• Identify and screen and serve as the primary liaison for the third-party property management companies retained by ASI.
• Implement and supervise the construction and/or renovation process of assets.
• Conduct site and market visits for all assets, as necessary.
• Review and approve capital contribution and draw request packages for all assets.
• Participate in the drafting, review, and approval of ASI’s quarterly financial reports for investors.
• Support the CFO in the management of the progress of annual audits and tax returns for assets.
• Prepare investor presentations on market and property performance.
• Review and approve Operating Reserve release requests for any stabilized assets.
• Review of special investor requests such as loan modifications and refinancing, etc.
• Assist in developing and maintaining standard departmental policies and procedures.
• Prepare Upper Tier Fee requests.
• Oversee annual or more frequent site visit arrangement of stabilized assets.
• Assist and train associates in fostering a professional rapport with all constituents, including investors.
• Other job duties or special projects as may be assigned.
• Communicate with co-workers, management, and others in a courteous and professional manner.
• Conform with and abide by all regulations, policies, work procedures, and instructions.
• Conform to all safety rules and use all appropriate safety equipment.
• Other job duties as assigned

KEY QUALIFICATIONS

• Superior interpersonal skills demonstrating a high degree of diplomacy, accuracy, and integrity.
• Strong organizational and management skills to manage multiple deadlines.
• Superior ability to analyze and solve complex problems and situations; sound decision-making ability.
• Strong knowledge of multifamily operations, management, and accounting practices.
• Familiarity of insurance and needed coverage on projects.
• Highly effective oral and written communication skills.
• Very strong quantitative skills.
• Computer proficiency in financial, property, and communication programs.
• Ability to travel. (Approximately 10-40%)

COMPUTER SKILLS

• Proficient knowledge of Microsoft Word, Excel, and Outlook including problem solving and analytical skills required.
• Experience with Access and Crystal Reports highly desirable.

EDUCATION

• Bachelor’s degree in business, finance or real estate-related field; MBA or other graduate education and/or educational equivalent to job experience highly desirable.
• Minimum of ten years of experience in real estate asset management and related operational activities.
• Extensive experience with the Low Income Housing Tax Credit (Section 42) program, debt and equity finance, and HUD programs and practices required.

PREFERENCES

• Reside in Southern California, or willing to relocate. Remote work arrangements will be considered for the right candidate.