Director of Asset Management (7070 - Asset Management)

EAH Housing•San Rafael, CA

23h•$125,000 - $220,000•Hybrid

About The Position

Position is for a full-time Director of Asset Management to work at EAH Corporate located in San Rafael, CA. This is a hybrid remote (2 days in-person/3 days remote) position. Qualified candidates will have a bachelor’s degree in finance, business administration, accounting or related field. Must have 6 - 8 years as an Asset Manager or Project Manager in affordable housing. Experience in reporting to and working with agencies such as HUD, TCAC, CHFA, HOME, USRDA, HCD, RHCP, and investors. Candidates must have 5+ years management/supervisory experience. Knowledge of YARDI, CHAM, AMS, COS and/or LIHTC certified is desired. Driver’s license, DMV clearance and access to reliable vehicle with own auto insurance is required. Directly responsible for ensuring that the long-term financial health of the properties in the portfolio meets EAH, owner, and lender requirements. Involved in all financial aspects of real estate activities from pre-development through operations, repositioning, and limited partner buy-outs. Ensures that established property and financial criteria are met for each property. Works with REM and Facilities staff on capital needs assessments, capital improvements, and use of reserves. Participates in strategic planning and policy development of EAH property assets. Works closely with REM staff on annual budgets to ensure that the properties are performing as originally projected. Ensures clear and concise communication with investors and lenders.

Requirements

Bachelor’s degree in finance, business administration, accounting or related field.
6 - 8 years as an Asset Manager or Project Manager in affordable housing.
Experience in reporting to and working with agencies such as HUD, TCAC, CHFA, HOME, USRDA, HCD, RHCP, and investors.
5+ years management/supervisory experience.
Must have valid driver’s license and DMV clearance.
Must have access to reliable vehicle and maintain own auto insurance in accordance with EAH minimum requirements.

Nice To Haves

Knowledge of YARDI, CHAM, AMS, COS and/or LIHTC certified is desired.

Responsibilities

Develops and implements Asset Management department goals that will ensure that long-term financial health of EAH properties meets EAH, owner and lender requirements.
Works with senior management team on EAH’s long range financials and strategic plans.
Works with REM and RED to create accurate Pro-forma financials and long-term financial plans for new properties.
Working through Asset Management team, ensures that: Capital accounts and losses are reviewed and monitored. Limited Partner buyout strategies support established EAH goals and initiatives. Applications for annual and periodic welfare tax exemptions with counties and state agencies are coordinated and monitored. General Partners are performing annual duties as defined in partnership agreements. Annual operating and 15-Year budgets are reviewed with REM staff. Quarterly and annual reporting requirements to agencies are tracked. Quarterly P&L reports are reviewed with REM staff and EAH stakeholders. Properties moving into operations are meeting Pro forma performance through first complete fiscal year of full operations. Regulatory Agreement and Loan Document compliance related restrictions are reviewed, identified and complied with. Proposed property developments are reviewed for marketability and rental rate structures are evaluated against EAH, owner and lender requirements.
Develops cross-departmental teams to develop and track cash flow and capital needs.
Researches databases to refine reporting and data collection and implements Asset Management system with REM, RED, Business Systems and Finance.
Coordinates special projects such as greening/solar work across portfolio.
Works with REM and Facilities staff regarding capital assessments, capital improvements and use of reserves including potential energy efficiency options.
Reviews and analyzes quarterly property financial statements for reports to CEO, CFO, SVP Portfolio and REM Senior Vice President.
Provides enhanced review and analysis of Watch List properties and properties outside of established benchmarks.
Oversees training on Asset Management policies and procedures.
Attends agency/investor-sponsored tranings
Attends mandatory meetings and trainings
Actively participates in EAH’s Injury and Illness Prevention Plan
Regular and predictable attendance.
Supervises, organizes, directs, and monitors daily activities Asset Management and Property Tax Exemption staff.
Orients new employees to position.
Trains staff on emergency procedures and employee safety.
Approves timesheets and time-off requests.
Sets and oversee employee work schedules.
Provides performance feedback to employees, including coaching, counseling and disciplining.
Conducts regular meetings for discussions, problem solving, encouraging, and training.

Benefits

We offer a comprehensive benefits package that includes medical, dental, vision, disability and life insurance, as well as a 403(b) retirement plan with a 5% match.
We also offer generous vacation accrual, holiday schedule, and work schedule flexibility.
We believe in work / life balance.
15 days of vacation per year (which increases based on years of service)
10 paid sick days per year
13 paid holidays
Flexible Start Times (REM Onsite Positions)
Competitive Salaries
403b Retirement Plan with a match to every dollar you save for retirement, up to 5% of your pay
Employee Wellness Program
Comprehensive Medical Insurance Plans
Affordable Dental & Vision Insurance
Flexible Spending Account
EAP – Mental Health, Financial and Legal Services
$1,500 Employee Referral Program
EAH University, an in-house training program