Senior Asset Manager (Corporate - 8912)

Location

San Rafael, CA | United States

Job description

Explore a career at EAH Housing.

Start or continue a career in real estate development and management with EAH Housing. We are looking for talented and skilled professionals as we expand our property portfolio throughout California and Hawai`i. As a mission-based nonprofit organization and industry leader for more than 50 years, we live up to our values, and work to create opportunities to empower people to live better lives. Join us and make a difference today.

What we offer.

We offer a comprehensive benefits package that includes medical, dental, vision, disability and life insurance, as well as a 403(b) retirement plan with a 5% match. We also offer generous vacation accrual, holiday schedule, and work schedule flexibility. We believe in work / life balance.15 days of vacation per year (which increases based on years of service) 10 paid sick days per year 12 paid holidays We take care of our employees.Competitive Salaries   403b Retirement Plan with 5% company match Employee Wellness Program Comprehensive Medical Insurance Plans Affordable Dental & Vision Insurance Flexible Spending Account EAP – Mental Health, Financial and Legal Services $1,500 Employee Referral Program EAH Academy, an in-house training program

Position is for a full-time Senior Asset Manager to work in the EAH Corporate Office in San Rafael, CA. This is a hybrid remote position. Qualified Candidate will have a Bachelor’s degree or equivalent combination of education/training/experience. 6 - 8 years in affordable housing and 1 - 3 years in reporting to and working with agencies such as HUD, TCAC, CHFA, HOME, USRDA, HCD, RHCP, and investors. AMS/CHAM Designation, knowledge of YARDI & MRI and accounting and/or Finance Education is desired. Salary range: $105,000.00 to $175,000.00 per year; hiring range for new employees is generally $105,000.00 to $140,000.00 per year, DOE.

COMPANY OVERVIEW

Established in 1968, EAH Housing is one of the largest and most respected nonprofit housing development and management organizations in the western United States. EAH develops low-income multifamily housing, manages more than 222 properties throughout in California and Hawai’i, and plays a leadership role in local, regional, and national housing advocacy efforts.

EAH Housing puts its core values into action every day as our staff of 700 people serves 25,000 residents in 87 municipalities. We offer competitive wages, comprehensive benefits, professional development, and invest in our employees through extensive training programs. Please visit our www.eahhousing.org to learn more about us, our culture, and how we strive to maintain excellence in everything we do.

For immediate consideration, please apply to  SENIO003558 on our website at www.eahhousing.org/careers

POSITION OVERVIEW 

Directly responsible for ensuring the long-term financial & physical health of EAH properties and that the properties meet EAH, owner, and lender requirements. Acting on own initiative is responsible for reviewing and analyzing the portfolio against benchmark performance and assisting in the development of corrective action plans to address Watch List property issues. This position is integrally involved in monitoring budget-to-actual variances and communicating issues and proposed solutions to Real Estate Management (REM) and Real Estate Development (RED) departments as well as Senior Management.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Creates and delivers training for junior asset management staff in the organization’s asset management policies and processes, including developing and updating asset management policies, processes, and financial tools in collaboration with the Director of Asset Management.
• Supervises and makes recommendations to achieve defined financial, physical, and compliance goals for properties and portfolios, from acquisition to disposition. 
• Performs the same responsibilities as the asset manager, but with a larger portfolio that includes properties with more complex funding structures and/or troubled properties.
• Acts as primary contact for lenders, investors, and regulatory agencies for budget approvals. 
• Reviews and distributes annual audits to lenders, investors, and regulatory agencies.
• Submits monthly, quarterly, and annual reporting as required by lenders, investors, and regulatory agencies.
• Works with REM Directors/Regional Property Supervisors to analyze budgets against EAH benchmarks and goals and proposes creative solutions to operating cash flow, financial ratio issues, and long-term capital needs.
• Works with the Compliance Director to confirm Maximum Rent, establish rent burden policies, and set goals for annual rent adjustments/increases.
• Reviews budgets and participates in budget review meetings to ensure properties are meeting rent increase objectives, affordability, operating expenses per unit, reserve funding, EAH affiliate fees, and surplus cash distribution goals required under all agreements or regulations. 
• Assists the Budget Committee to refine current procedures and workflow. 
• Reviews, tracks, and submits all reserve draw requests. 
• Reviews long-term capital plans for portfolio properties.
• Monitors portfolio to ensure that operating expenses are in line with budget and that variance explanations meet EAH and investor/lender requirements.
• Ensures that all financial plans and regulatory agreements meet asset management requirements.
• Reports quarterly in the Asset Management meeting with any issues. 
• Provides enhanced review and analysis of Watch List properties and properties outside of established benchmarks.
• Monitors properties moving into operations and ensures that these properties meet pro forma performance through the first complete fiscal year of full operations. Prepares DCR worksheets for perm loan closing.
• Completes Asset Management Plans and summary reports as required. 
• Maintains and updates fields and information in MRI including important dates and loan information as required.
• Identifies and creates reports in Yardi and MRI to help assist Property Supervisors and Senior Management.
• In collaboration with REM, prepares initial operating budgets for RED to incorporate into their development proformas.
• Attends agency/investor-sponsored training.
• Attends mandatory meetings and training.
• Actively participates in EAH’s Injury and Illness Prevention Plan.
• Regular and predictable attendance.

WORKING CONDITIONS

1. Physical Requirements

• Able to communicate effectively orally and in
• Utilizes computer workstation for extended periods throughout the
• Utilizes the telephone and email for a significant amount of
• Must be able to lift up to 10

1. Work Environment

• Able to travel on short
• Willing and able to work outside normal business

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

MINIMUM QUALIFICATIONS

1. Education - Bachelor’s degree or equivalent combination of education/training/experience.
2. Experience -

• 6 - 8 years in affordable
• 1 - 3 years in reporting to a

Job tags

Salary