Assistant Director, Asset Management - Arlington HQ

The People Concern•Los Angeles, CA

13d•Hybrid

About The Position

The People Concern has launched an affiliate organization, TPC Homes, focused on housing development, ownership and operations. We are committed to adding to the supply and improving the management of affordable and permanent supportive housing for individuals who have experienced, or are at risk of experiencing, homelessness through innovative approaches to partnerships, finance and construction. We are looking for an Assistant Director, Asset Management to oversee the ongoing financial performance and strategic management of our growing real estate portfolio. The Assistant Director will have the opportunity to work directly with senior TPC Homes leadership and other members of the development and property management teams to build out the new organization, contribute to decisions around strategic direction and develop best practices and standards for portfolio growth and management.

Requirements

High School Diploma, GED or Equivalent
Minimum four (4) years related residential real estate asset management or comparable experience with a solid understanding of affordable housing finance and nonprofit real estate operations.
Candidates should have the ability to successfully manage organization portfolio operations with minimal supervision.
Ability to interpret financial reports and analyze data for trends and insights with specific focus on portfolio performance optimization.
Ability to clearly communicate and synthesize complex financial information for senior leadership, board members, investors and outside parties.
Experience in conducting financial audits and ensuring compliance with regulations.
Proficiency in using financial modeling software, property management systems, and accounting software for analysis and reporting purposes.
High level of comfort in joining a growing organization without established processes and procedures.

Nice To Haves

Bachelor's Degree
Experience working with affordable and/or permanent supportive housing and related public funding sources, such as government loans and tax credits.
Experience working in both property management and real estate ownership/asset management.

Responsibilities

Act as primary point of contact for day-to-day matters on TPCH corporate activity for legal, accounting and other third parties.
Manage regular upkeep of insurance, compliance, payment and financial reporting requirements across properties.
In partnership with property management, prepare annual budgets for properties and long-term capital improvement plans and reserve studies.
Prepare regular property financial reports for department, board and investor use.
Track and analyze trends in financial performance data including NOI analysis, expense benchmarking against comparable properties, and identification of operational efficiency opportunities.
Lead acquisition analysis and initial underwriting for new projects including market analysis, pro forma development, financing structure evaluation, and due diligence coordination.
Maintain the TPCH website with regular project updates.
Identify funding opportunities and lead the preparation of applications.
Monitor debt service coverage ratios and ensure compliance with loan covenants across the portfolio.
Work with development and property management teams on major capital improvements, incorporating sustainability upgrades and refinancing opportunities.
Manage relationships with limited partners, lenders, and other stakeholders in existing developments.
Oversee asset repositioning strategies, including potential sales, refinancing, or redevelopment opportunities.

Benefits

Medical, Vision, Dental, Life Insurance, 403(b) Retirement plan, Employee Assistance Program (EAP), etc.
Medical Insurance
Vision Insurance
Dental Insurance
Retirement Planning (403b) & Matching
Paid Holidays
Paid Vacation Days
Paid Sick Days
Employee Assistance Plans (EAP)
TELUS Health
Flexible Spending Account (FSA)
Basic Life / Accidental Death & Dismemberment (AD&D)
Voluntary Short- and Long-Term Disability
Voluntary Pet Insurance
Corporate Discounts: Discounts on Hotels, Theme Parks, Concerts, Movies, Restaurants & More
The People Concern University & Certificates