TITLE: Senior Asset Manager
REPORTS TO: Director of Asset Management
DEPARTMENT: Asset Management
STATUS: Full-time; Exempt
SCHEDULE: Monday - Friday; 9:00 am - 5:30 pm; Hybrid or Remote
LOCATION: 145 taylor St, san Francisco, CA 9410: Curran House
WAGE RANGE: $101,800 - $114,500 Annually
SUMMARY
Under the general direction of the Director of Asset Management, Senior Asset Manager is responsible for ensuring that a sub-portfolio of TNDC properties achieves the financial, physical, and social goals and standards of the owner, TNDC, and its funders. Of particular importance is planning property and portfolio re-capitalization and execution of partner exits. Overall, there is exposure to many issues with many opportunities for creative problem solving. This is a very good opportunity for professional development in real estate.
ESSENTIAL DUTIES
Financial Well-Being
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Establish and monitor financial performance standards
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Contribute to property Watch listing work-out analysis and discussions
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Monitor the current and long-term financial status of TNDC projects by reviewing budget variance reports and by preparing long-term operating cash flow projections
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Contribute to preparation of audited financial statements, i.e., related party fees, contingent liabilities, reserves, and surplus cash analysis and distribution
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Review audited financial statement draft reports
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Propose solutions to structural deficits and propose disposition of annual surplus/deficits
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Responsibility for at least one technical specialization for the portfolio, such as property tax, mortgage, HUD contracts or insurance management.
Physical Well-Being
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Ensure portfolio meets owner physical quality standards
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Approve specific capital improvement project proposals
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Prepare property long-term Capital Needs Assessments
Portfolio Planning and Re-capitalization
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Write property-specific asset management plans through analysis which finds each properties problems, opportunities and actions
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Contribute to portfolio long-range planning and lead execution of actions, such as re-finance, partner exits, increasing savings or finding new funding sources
Investor/Lender Contract Administration
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Minimize financial risk by ensuring compliance with third party requirements
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Preparing contract analysis summaries for loan and equity agreements
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Administer loan and equity agreements after initial and final loan closings
Responsibilities Furthering Multiple Owner Goals
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Press Owner’s main objectives by commenting on Property Management policies plans and procedures
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Work with TNDC development staff to create initial operating budgets and project designs that achieve Asset Management goals of long-term financial stability, cost efficiency and well-maintained physical plant
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Recommend for approval management plans which accomplish owner’s asset management goals
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Perform other related duties as required
REQUIRED SKILLS
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Ability to comprehend and correctly use informational documents including budgets, financial reports, occupancy reports, bids, contracts and meeting minutes
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Ability to prepare policies, procedures, compliance reports, investor/owner reports and correspondence
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Ability to comprehend publications and manuals including HUD and tax credit manuals, industry publications and legal documents
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Ability to communicate effectively with coworkers and staff at all levels, residents, government officials, both verbally and in writing
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Ability to stay informed of changes in policy, methods, operations, etc. as they apply to property and asset management operations and activities
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Intermediate knowledge of MS Excel, Word, and Outlook
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Ability to work with and sensitivity to a diverse, low-income, multi-ethnic population
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Sound judgment, excellent analytical and problem-solving skills
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Strong time management skills
MINIMUM QUALIFICATION
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Four-year college degree
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Five years of direct experience in non-profit owner asset management as a full-charge asset manager. (For internal promotions evaluated completions comparable to this grade may substitute for years of direct experience.)
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Demonstrated abilities in all five of these areas:
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Property Asset Management Plan writing, including Partner Exit Plans
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Capital Needs Projections
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Surplus cash analyses for audits
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Contract analysis
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Project management
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High level specialist knowledge in at least one of these subjects: insurance, property tax, HUD contract renewals/increases, AM design review, or databasing
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Intermediate knowledge of MS Word and MS Excel.
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Two years of experience in quantitative analysis.
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Graduate degree or professional certificates may substitute for experience.
PREFERRED QUALIFICATIONS
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Graduate Degree and/or additional related professional experience
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Intermediate knowledge of property management software or accounting software
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Training or experience in Housing Development and/or Tax Credit programs
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Professional certification related to housing development, property or asset management
Tenderloin Neighborhood Development Corporation is an Equal Opportunity Employer.
In compliance with the San Francisco Fair Chance Ordinance (August 13, 2014), all qualified applicants with criminal histories will be considered for the position.