Asset Manager

BURBANK HOUSING DEVELOPMENT CORP•Santa Rosa, CA

1d•$95,000 - $100,000

About The Position

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 Burbank’s real estate portfolio. The Asset Manager, as Burbank’s “owner representative,” is involved in all stages of real estate activities from pre-development through operations to ensure that the real estate assets achieve their goals in furtherance of organizational 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 Director of Asset Management and works in close coordination with the finance, property management and housing development teams. The Asset Manager also collaborates on compliance and reporting efforts, including relationships with agencies, investors and lenders.

Requirements

Commitment & enthusiasm towards achieving Burbank Housing’s Mission and Vision Statements.
Ability to work cooperatively and effectively with a diverse group of people and ability to counsel and motivate employees.
Strong oral and written communication skills.
Strong time management skills, including the ability to manage multiple projects simultaneously to achieve specific goals in a timely fashion.
Deep working knowledge of Excel as a financial analysis tool, and Word as an effective communication tool.
Comprehensive understanding of and ability to review and analyze property financial statements.
Ability to quickly develop proficiency in property management and accounting software such as Yardi Voyager and related software applications as needed.
BA degree with major in finance, business administration or related field required.
Ability to read, interpret, and analyze relevant information; write reports and business correspondence; and to effectively present information and respond to questions from groups and individuals.
Complete competence in college level mathematics, including the ability to conceptualize and analyze financial questions in mathematical terms.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret technical instructions in mathematical and diagram form.
employee is regularly required to walk; sit; use hands to handle objects/operate keyboards, tools or controls; reach with hands and arms; (both above the shoulders and below the waist) lift up to 20 pounds stoop; kneel and crouch; talk and hear.

Nice To Haves

Three (3) to five (5) years plus of combined experience in affordable housing property management, multi-unit rental housing development and management, lending, asset management, and/or real estate development highly preferred, with extensive exposure to analyzing real estate development pro-formas, and preparing and reviewing property operating budgets.

Responsibilities

Oversees the financial performance and stability of assigned properties by reviewing operating statements, budgets, audits, and forecasts.
Prepares financial analyses and reports on reserves, cash flow, and key performance indicator metrics; approves operating and capital budgets; and serves as the primary financial liaison with lenders, investors, and public agencies throughout property operations.
Provide comprehensive oversight of a real estate portfolio by reviewing preventive maintenance schedules, identifying operational, maintenance, and safety needs, and coordinating third-party physical needs assessments.
Develop and update capital replacement plans in collaboration with the Facilities Team.
Conduct annual property inspections and ensure timely filing of welfare exemptions.
Support compliance with lenders, investors, and regulatory requirements, particularly for Burbank properties.
Organize and maintain project documentation and maintain up-to-date summaries of funder and investor requirements across the portfolio.
Support new development, recapitalization, and buyout activities by serving as a liaison between Housing Operations, Finance, and Real Estate Development throughout pre-development, development, and lease-up.
Review and provide input on asset management–related documents, including loan, partnership, and regulatory agreements.
Monitor investor capital accounts and develop and maintain year-15 buyout plans for the portfolio.
Manage refinancing processes and provide strategic recommendations to executive leadership regarding property repositioning, refinancing, and resyndication opportunities.
Manage annual insurance renewals for existing properties, new developments, and corporate entities, and serve as a liaison on property-related insurance incidents.
Participate in companywide risk management by identifying and mitigating risks across the real estate portfolio.
Serve as the primary point of contact for property management contracts and collaborate with the Housing Operations team on capital improvement projects for existing sites as needed.