Affordable Housing Asset Manager

  • Community Housing Partnership
  • San Francisco, CA, USA
  • Sep 25, 2020
Full time - Permanent Nonprofit-Social Services

Job Description

WHO WE ARE

Community Housing Partnership (CHP) believes that home has the power to stabilize a person’s life. Built on a simple-but-powerful idea called supportive housing, we provide people experiencing homelessness with a place to call home combined with support services, like mental health services and job training. And we organize our residents and supporters to advocate for local and state policies, like affordable housing, to help people still on the streets or at risk of homelessness. Together, we’re building a new future for our neighborhoods and the city we love.

 

POSITION OVERVIEW 

The Asset Manager participates in developing, updating and implementing the company’s strategic asset management plan.  The plan provides a systematic approach to ongoing oversight of Community Housing Partnership’s real estate portfolio of fourteen housing sites.  The Asset Manager, as CHP’s “owner representative,” is involved in all stages of CHP’s real estate activities from pre-development through operations to ensure that the real estate assets achieve their goals in furtherance of CHP’s mission. 

The position is characterized by a high degree of initiative, responsibility, accountability, a strong technical aptitude and ability to work effectively with individuals and organizations with a wide variety of interests, issues and concerns. This is a full-time exempt position that reports to the Chief Financial Officer and works in close coordination with the finance, property management and housing development teams, as well as third party property management companies.  The Asset Manager also leads compliance and reporting efforts, including relationships with agencies, investors and lenders.

 

ESSENTIAL FUNCTIONS

 

Financial Oversight

  • Review and analyze property operating financial statements on a monthly basis.
  • Prepare periodic reports analyzing replacement and operating reserve funding, financial stability over varying timeframes, and progress in meeting financial performance standards.
  • Coordinate with Housing Operations department to develop annual operating budget for properties.
  • Forecast property cash flows/needs.
  • Review annual audit and tax filings and respond to questions from agencies, investors and lenders.

 

Real Estate Oversight

  • Review preventive maintenance schedules.
  • Identify maintenance and other operational needs.
  • Review physical needs assessments.
  • Develop and update capital replacement plans.
  • Conduct annual inspections of the portfolio.
  • Identify maintenance and safety concerns.

 

Compliance 

  • As a member of the Asset Management Team, assist in ensuring that all CHP properties are operating in compliance with lender, investor, and regulatory agency requirements.
  • Maintain and keep updated summary of all funders’ and investors’ project requirements including reporting and inspection schedules.
  • Organize and maintain all project documents and other relevant information pertaining to CHP’s real estate portfolio.
  • Complete and/or coordinate the completion of compliance and regulatory reports.
  • Manage regulatory, legal and financial compliance for all LPs and LLCs.
  • Coordinate and participate in compliance monitoring.
  • Ensure timely filing of annual welfare exemptions.

 

New Development, Recapitalization and Buyout

  • Serve as a liaison between Housing Operations, Finance and Real Estate Development departments during the pre-development, development and lease-up of new sites.
  • Review and comment on documents related to Asset Management, such as loan agreements, limited partnership agreements, operating and other regulatory agreements.
  • Monitor capital accounts of investors
  • Develop and maintain year 15 buyout plans for the portfolio
  • Manage refinance processes, as applicable

 

Other

  • Participate in companywide risk management. Identify and manage risks related to the real estate portfolio.
  • Manage and serve as primary point of contact on all third party property management contracts.
  • Collaborate with Housing Operations department in managing capital improvement projects for existing sites on a case-by-case basis.

 

QUALIFICATIONS 

  • Bachelor’s degree required.
  • A minimum of three to five years of real estate experience in areas such as financing, housing or real estate development, capital improvements, real estate sales and re-capitalization, or property management, preferably in affordable housing.
  • Knowledge of asset management function as well as federal, state and local guidelines and regulations related to affordable housing.
  • Real Estate Broker’s license a plus.
  • Ability to understand and analyze complex financial statements, specifically budget to actual statements, balance sheet, trial and balance sheets, and ability to prepare multi-year cash flow projections.
  • Computer proficiency (MS Word, Excel, databases, internet research); demonstrated high level proficiency with Excel required.
  • Excellent interpersonal and business communication skills, both written and verbal.
  • High level of organization, attention to detail and follow-through.
  • Ability to organize, prioritize and manage multiple priorities, work both independently and as a team.

 

Sensitivity to homeless people and the issues of homelessness and recovery, and ability to work with people from diverse educational and personal backgrounds.  Have passion for our mission and a strong desire to impact a dynamic nonprofit organization.

 

POSITION DETAILS

  • Location: Administrative Office, 20 Jones St., Suite 200, San Francisco, CA
  • Full-Time / Exempt status
  • Work Schedule: Monday - Friday 9 AM - 5 PM
  • Reports to: Chief Financial Officer

 

PHYSICAL DEMANDS & WORK ENVIRONMENT

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. While performing the duties of this job, the employee is regularly required to sit at their desk for long period, use hands to finger for computer keyboard input, handle, or feel objects, tools, or controls; and reach with hands and arms. 

The employee frequently is required to talk or hear. The employee is occasionally required to stand; walk up and down stairs, climb or balance; and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision. Mobility to use standard office equipment, including computer, vision to read printed materials, and a computer screen, and hearing and speech to communicate in person and over the telephone.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. There are no unusual environmental conditions. Typically, the noise level in the work environment is usually moderately noisy.

 

COMPENSATION & BENEFITS  

Salary commensurate with experience. Community Housing Partnership provides an excellent benefits package including 100% employer paid employee health, dental, vision, life & disability insurance; commuter benefits, 403(b) investment opportunity with employer match; Employee Assistance Program, paid training, paid vacation, 13 paid holidays and sick time.

 

APPLICATION PROCESS 

To apply for this position, please visit our Community Housing Partnership Career Portal at http://www.chp-sf.org/about/apply-for-job-opportunities/. Once there, select the job posting, and click APPLY located in the right hand corner.

Resumes without a cover letter will not be considered. Due to the number of applications we receive, we are only able to respond to candidates selected for interviews.