Analyst or Associate, Portfolio Management
About The Position
Lincoln Avenue Communities is seeking a driven Portfolio Management ANALYST OR ASSOCIATE to support our affordable housing operations and help advance the strategic performance of our real estate portfolio. This role is ideal for someone who thrives in a fast-paced, mission-driven environment and is eager to build deep expertise in affordable housing finance, project management, and asset strategy. This position is based in Santa Monica on a hybrid schedule (minimum 3 days per week in-office) and reports to the Strategic Portfolio Manager. This person is expected to travel to the New York City regional office at least once per quarter for at least one week at a time. This role offers the opportunity to earn commission in addition to base salary. The anticipated commission structure will range between 25-50% of the base salary.
Requirements
- Bachelor's degree in Finance, Real Estate, Economics, or a related field.
- Strong organizational skills with the ability to multi-task and project management autonomously.
- Creative, entrepreneurial appraoch to problem solving.
- Excellent written and verbal communication skills.
- Proficiency in Microsoft Excel;experience with property management or financial software is a plus.
Responsibilities
- Lead the implementation, oversight, and administration of all HCV tenants across LAC’s portfolio. There ~3.5K HCV tenants across more than 100+ affordable properties.
- Further enhance existing report to ensure that portfolio optimization can be evaluated monthly.
- Establish and maintain relationships with all Local Housing Authorities (LHAs) to ensure that all current Payment Standards are received.
- Effectively communicate and provide oversight to the LAC asset services team and work effectively with our various property management partners to ensure adoption of LAC’s HCV policy.
- Provide impactful results on LAC’s ability to capture HCV overhang across its portfolio, which is estimated to be $10M+ annually.
- Calculate, manage, and adjust the LAC HCV incentive bonus program to ensure that we are aligning interesting across the organization to maximize the success of this program.
- Collaborate with development, construction, and the lease-up team to ensure that HCV tenants are moving in at the correct rents.
- Support the renewal and rent setting process on HAP and PBV contracts, including the submission process to HUD or the local housing authority.
- Utilize AI to more effectively identify additional income opportunities across LAC’s portfolio as it relates to Section-8 rents.
- Maintain internal LAC database that tracks rents, renewals, and contract terms utilized for a wide-array of monthly, quarterly, and annual reporting.
- Identify new RFP opportunities to receive grant funding or new subsidized unit allocation.
- Generate and distribute recurring and ad hoc reports related to affordable housing operations and Section 8 subsidies.
- Ensure timely delivery of reports to stakeholders and resolve any technical or data issues impacting reporting.
Benefits
- Full medical, dental, and vision coverage for you and your dependents
- 401(k) plan with employer matching and immediate vesting
- Life and disability insurance
- Generous PTO, holidays, and sick time
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
