Regional Manager, Newark Area

Vesta Management NJ•Newark, NJ

4d•$120,000 - $130,000

About The Position

Vesta Management, NJ is seeking an experienced Regional Manager to lead a portfolio of properties in the Newark, New Jersey area. The role is responsible for the operations of the company’s properties and personnel within the assigned region, including financial and physical performance, budgeting, rent collections, compliance, capital needs, and site and staff performance. The position requires knowledge of LIHTC Section 42, Section 8, and HOME housing programs, as well as experience managing large teams. Frequent travel between properties in the assigned portfolio is expected. The Regional Manager should be resourceful, self-directed, detail-oriented, and able to resolve day-to-day operational problems, complete multifaceted tasks under demanding conditions, build team-based working relationships, and maintain a professional image and positive attitude. The role also calls for sound judgment, strong communication and leadership skills, adaptability, organization, accountability, integrity, and basic math proficiency. Vesta offers a benefits package, service awards, performance bonuses, team member appreciation events, and opportunities for growth. The company states its commitment to a diverse workplace free of discrimination and harassment and is an Equal Opportunity/Affirmative Action Employer.

Requirements

High school diploma or GED required.
Five years of related experience, with a proven track record overseeing multiple locations and management-level employees.
Experience with the LIHTC Section 42 Housing Program.
COS and/or CPO certification.
Experience in a supervisory role or capacity.
Experience with Microsoft Office Suite and property management software, including proficiency in Yardi.
Valid driver's license and clean driving record.
Successful completion of a background check and drug screening.
Sound judgment and decision-making skills.
Excellent interpersonal and verbal communication skills.
Strong commitment to quality.
Problem identification and solving ability.
Ability to work independently, self-motivate, and take initiative.
Leadership and delegation skills.
Ability to multitask and prioritize efficiently.
Ability to accept responsibility and accountability.
Honesty, trustworthiness, and integrity.
Professional appearance and conduct.
Adaptability, organization, and attention to detail.
Basic math proficiency.

Nice To Haves

Associate's degree preferred.
Bachelor's degree in business management or property management.
Bilingual in English and Spanish strongly preferred.
ARM or CPM designation preferred.
COS, CPO, CAPS, and LIHTC certifications are highly recommended.

Responsibilities

Direct daily operations of all properties within the portfolio.
Support Property Managers in supervising on-site management and maintenance personnel.
Hire and develop Property Managers.
Support Property Managers in hiring and developing on-site management and maintenance teams.
Ensure budgeted occupancy objectives are met.
Manage the financial responsibilities of portfolio properties, including assisting with preparation of annual budgets.
Monitor compliance activities related to resident qualifications and recertifications.
Review monthly financial performance and projections or action plans with Property Managers.
Review occupancy goals and develop action plans to address areas of concern.
Review rent collections and discuss action as necessary.
Review current rent levels and adjust where necessary.
Monitor and ensure annual rent changes are processed on time.
Prepare regulatory compliance reviews and physical inspections, working with the Compliance and Physical Plant departments.
Coordinate capital maintenance activities and priorities within each property's budgetary limits.
Review capital improvement needs and projects, including bids, contractor references, and insurance liability certificates in accordance with Vesta standards.
Monitor the status of capital projects.
Oversee resident retention initiatives, including resident functions, promotions, monthly newsletters, and participation in National Night Out.
Oversee community emergency procedures for events such as criminal activity, natural disasters, and injuries.
Provide support and ensure timely responses to internal department requests.
Perform other duties as assigned by management.