Asset Manager

Inlivian•Charlotte, NC

12d

About The Position

The Asset Manager oversees the day-to-day performance and viability of INLIVIAN’s existing multifamily portfolio, vacant land, and commercial facilities, with a primary focus on multifamily and mixed-use assets. The role works independently and alongside Project Management and Finance teams, collaborates with property management companies and other external parties, and reports to the Senior Vice President of Financial Planning & Asset Management. The position involves financial and market analysis, asset performance monitoring, transaction and delivery tracking, and coordination of property operations. The Asset Manager helps identify and address performance issues, supports successful lease-up and regulatory compliance, maintains property records, and prepares reports and presentations for management. The role also requires adherence to applicable housing, fair housing, equal opportunity, tax credit, and other regulatory requirements.

Requirements

At least 3 years of experience in real estate or a similar industry.
A bachelor's degree or equivalent experience in multifamily real estate asset management.
Ability to model complex financial transactions using various software programs.
Knowledge of HUD, LIHTC, city, state, and Agency regulations, policies, and procedures.
Knowledge of real estate property and asset management operations.
Knowledge of basic office procedures and practices, grammar, and business English.
Knowledge of Fair Housing, Equal Opportunity, and nondiscrimination laws and regulations.
Ability to understand, interpret, explain, and apply detailed regulations, policies, and procedures governing assisted housing programs.
Strong analytical skills and experience with financial analysis, including NPV, IRR, lease comparison, ROI, DCF modeling, payback, and financial statement analysis.
Advanced verbal and written communication skills, including the ability to present effectively to small and large groups.
Ability to calculate, tabulate, summarize, and act on data and information.
Ability to prioritize workload and maintain continuity of workflow.
Self-motivation and initiative, with the ability to work independently and as part of a team.
Strong work ethic and commitment to deadlines, managing multiple projects, setting priorities, thinking creatively, and contributing ideas.
Ability to establish and maintain effective working relationships with coworkers and people outside the Agency.
Ability to prepare clear and concise narrative and statistical reports and handle situations with tact, diplomacy, and firmness.
Considerable skill in using appropriate computer equipment, applicable software, and general office machines.
Obtain Certified Housing Asset Manager certification within 24 months of employment.

Responsibilities

Conduct monthly financial analysis of operating and development assets, including preparing detailed pro formas and financial models.
Gather, compile, investigate, and analyze market data; identify trends; and prepare narrative memoranda, detailed reports, and market summaries about property operations and market conditions.
Track variances against established budgets for hard and soft costs and recommend corrective actions with developers and operations teams.
Facilitate the process for funding reserve requests.
Monitor and report on sales transactions and new product deliveries within the assigned geographic region.
Establish timelines and deadlines for proposed transactions, identify issues that could affect closing, and address them effectively.
Proactively identify property performance issues and work with internal teams and external parties on process improvements to increase revenue, reduce operating expenses, promote efficiencies, and improve asset performance.
Maintain complete working files for properties, including operating, management, and development agreements.
Communicate with property management companies about project budgets, lease-up, maintenance, risk management, rent collections, monitoring and compliance, insurance claims, and procedural issues.
Work with property management companies to ensure successful and timely lease-up of newly completed projects.
Assist with the Bond Monitoring Program, including bond compliance and annual reporting.
Ensure timely completion and filing of required regulatory and tax exemption forms.
Prepare reports, memoranda, and presentations for management as needed.
Ensure compliance with EEOC, Fair Housing, low-income housing tax credit requirements, and other applicable laws.
Perform other duties as required.