Senior Asset Manager

NATIONAL COMMUNITY RENAISSANCE•Rancho Cucamonga, CA

7d•$120,000 - $140,000•Onsite

About The Position

The Senior Asset Manager reports to the VP of Asset Management and supervises a team responsible for overseeing portfolio performance and maximizing value across a large number of housing units. The role monitors portfolio and property budgets to preserve capital integrity and the long-term viability of properties, while promoting efficient workflows within and across departments. It coordinates with compliance, property management, tenant services, maintenance, and teams handling resyndication and refinancing. The Senior Asset Manager oversees department operations and staff, monitors asset performance and risk, supports strategic business planning, and helps ensure properties meet affordability, reserve-funding, contractual, and regulatory requirements. The role provides financial and operational analysis, reporting, budget and capital-planning review, and support for acquisitions, refinancing, resyndication, restructuring, and dispositions. It also works with internal departments and external stakeholders—including investors, lenders, regulators, auditors, municipalities, brokers, and consultants—to achieve property goals. The position is based at the corporate location in Rancho Cucamonga, California. It is full-time, day shift, and exempt. Travel is required, and the employee may attend company-sponsored events involving overnight stays away from home.

Requirements

Four-year degree, preferably in a related field, or comparable industry experience.
At least 5 years of experience in asset management or related real estate or affordable-housing areas, which may include development, investment, property management, acquisitions, or dispositions.
Knowledge of regulatory programs, the housing industry, marketing, and physical asset management.
Working knowledge of multifamily and senior communities.
Familiarity with HUD, bond, tax-credit, and conventional-financed occupancy programs.
Demonstrated problem-solving ability in a sophisticated operating environment and ability to implement rapid turnaround plans.
Well-developed analytical and negotiation skills.
Computer literacy and strong spreadsheet and word-processing skills, including MS Word, Excel, Outlook, and internet use.
Ability to work flexible hours.
Ability to travel.
Valid driver's license, current insurance, and an available vehicle.

Nice To Haves

MS Project knowledge is helpful.

Responsibilities

Oversee daily Asset Management department operations, including staff activities, directives, systems, and procedures.
Communicate material portfolio, asset-level risk, market, or stakeholder issues to the VP of Asset Management.
Assist the VP of Asset Management with strategic business plans and term sheets for each asset.
Monitor asset performance quarterly and revisit strategies as needed to meet business-plan objectives.
Ensure properties meet affordability and reserve-funding requirements under applicable agreements and regulations.
Analyze long-term property performance against projections and identify assets for refinancing, resyndication, or restructuring.
Work with the VP of Asset Management, Development, and consultants on exit strategies, appraisals, valuations, and dispositions.
Assist with feasibility reviews and due diligence for prospective acquisitions.
Review and provide input on project proformas and reforecast post-rehabilitation budgets.
Prepare breakeven reports and work with permanent lenders to support conversion at the full committed loan amount; assist team members with their reports as needed.
Provide analytical support, including cash-flow modeling, reforecasting, property-operations review, and market research.
Prepare quarterly portfolio reporting and strategic recommendations addressing financial performance, capital planning, and operational issues for the assigned portfolio.
Develop productive working relationships with brokers and industry peers.
Serve as a direct contact for lenders, investors, municipalities, and regulatory agencies regarding operational inquiries, reporting, and reserve withdrawals.
Conduct periodic site inspections, document property conditions, and develop corrective actions as appropriate.
Work with Risk Management on insurance requirements, review quarterly insurance updates, and identify and mitigate risks.
Monitor quarterly and special-report distributions, ensure external stakeholder requirements are met, and oversee annual property-tax exemption filings and annual CTAC reporting.
Review and approve annual property budgets and capital needs assessments for the assigned portfolio and assist the VP of Asset Management with review of the remaining portfolio.
Contribute to audited financial statements, including related-party fees, contingent liabilities, reserves, and surplus-cash analysis and distribution.
Coordinate with internal teams and external parties to achieve property goals.
Maintain records of best practices, asset-management due dates, biweekly meeting agendas, and other reporting required by the VP of Asset Management.
Work independently and continue building industry knowledge.
Participate in projects that improve departmental and interdepartmental processes.
Conduct annual performance reviews for direct reports.
Attend company-sponsored team-development events, which may occasionally require overnight stays away from home.
Perform other related duties and assignments as required.