Asset Manager at Resources for Community Development

Berkeley, California, United States -

Full Time

Start Date

Immediate

Expiry Date

19 Mar, 26

Salary

103100.0

Posted On

19 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Asset Management, Property Management, Real Estate Development, Financial Management, Interpersonal Skills, Communication, Organizational Skills, Problem Solving, Financial Analysis, Excel, Salesforce, Property Management Systems, Budgeting, Capital Planning, Compliance Tracking, Team Collaboration

Industry

Real Estate

Description

Description The Asset Manager (AM), under the direct supervision of RCD’s Associate Director of Asset Management, will be responsible for various asset management activities related to RCD’s multifamily affordable housing portfolio. The candidate will join a growing team with a strong track record, industry position, and trajectory. In this position, you will work closely with a variety of partners and stakeholders, including lenders, investors, property management, and social services professionals, as well as with key members of RCD’s senior leadership team. You will help guide the management of a growing real estate portfolio that assigns equal value to financial performance as it does the resident quality of life. We are looking for someone who is detail-oriented, a critical thinker, and a problem solver. Just as important, we want a candidate who is good with people, has a passion for real estate, and wants to affect social change. Join us! Requirements Responsibilities Manage a portfolio of rental housing to meet or exceed corporate revenue targets while maintaining or improving the financial and physical condition of the underlying real estate. Indirect management of the property management company, John Stewart Company, as well as representing RCD in management-related issues and decision-making. Engage in portfolio-level capital planning, business planning, and financial management. Collaborate with other departments, including Real Estate Development and Resident Services, as needed. General Develop, implement, and maintain property-level strategies directed toward the financial and physical well-being of the asset and its eventual financial repositioning. Monitor Key Performance Indicators and oversee necessary property modifications through resolution. Support quality control, accuracy, and timeliness of real estate administration, including compliance tracking; lender and investor reporting; subsidy administration; property-level legal proceedings and exposure; and insurance claim administration. Given third-party property management by the John Stewart Company, routine and continual communication and coordination with property management staff regarding operational issues that require owner input. Financial Manage portfolio of properties to corporate revenue targets. Support the maintenance of RCD’s property financial tracking systems, databases, and dashboards. Negotiate annual operating budgets and present for approval. Conduct quarterly financial performance reviews with property management staff. Participate in the annual audited financial statement process and review. Issue accounting guidance and directives to the property management company. Manage capital planning and reserves, authorize withdrawals, and present significant expenditures for approval. Support layering of new financing, refinancing events, and loan modifications. Physical Implement capital improvement plans in coordination with RCD’s Associate Director of Portfolio Finance. Collaborate on property-level physical plant initiatives, as assigned. Conduct annual site visits. Business Planning & Financial Management Support transactional work pertaining to Year 15 acquisitions of LIHTC investor positions. Support Associate Director of Portfolio Finance in applications for and transactions related to new financing for identified properties and resulting renovations. Recommend annual fee targets for portfolio. Qualifications & Skill Set 2+ years of experience in asset management, property management, real estate development, or another field with transferable skills. Familiarity with affordable housing financing and subsidy programs preferred. Team player with a ‘can-do’ attitude and an outlook that problems are to be solved. Strong interpersonal skills and an ability to indirectly manage others. Clear and effective verbal and written communication. Strong organizational skills and an ability to juggle and prioritize multiple responsibilities. Demonstrated ability to analyze property financial statements. Strong Excel ability. Salesforce database development and maintenance and business analytics solutions knowledge a plus. Experience with property management and financial accounting systems a plus (e.g., MRI, Boston Post, Yardi, Sage, RealPage). Associate degree required; bachelor’s degree preferred or other transferable experience. Industry training certifications or accreditations a plus (e.g., CHAM, IREM, LIHTC). Work Environment RCD is currently practicing a hybrid work model. Depending on your distance from our main office in Berkeley, you will be expected to work up to two days in the office. Travel Requirements The responsibilities of this position will require occasional travel to off-site locations around the San Francisco Bay Area. Physical Requirements While performing the duties of the job, the employee is regularly required to sit, speak and hear. Requires frequent use of a keyboard, computer monitor and phone. Must be able to communicate clearly, both verbally and in writing. Must be able to lift up to twenty (20) pounds occasionally. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of the job. Application Procedure & Compensation Applicants should send a cover letter, resume via Paylocity. Applicants with suitable experience and/or skills will be contacted for interviews. RCD offers competitive benefits including: paid vacation and sick leave; health, dental, vision, life and long-term disability insurance; pre-tax flexible spending and commuter plans; and employer contributions to a retirement savings plan. The salary range for this position is $93,900 to $ 103,100, based on factors including experience, qualifications, role specialization, and market conditions. Salary placement within this range considers current and past employees' salaries for similar roles, budgetary limits, and market demand.

Responsibilities

The Asset Manager will manage a portfolio of rental housing to meet corporate revenue targets while ensuring the financial and physical condition of the properties. They will also engage in capital planning and collaborate with various departments to support the overall management of the real estate portfolio.