Corporate Office
Roseville, CA 95661, USA
Description
Senior Asset Manager Reports to: VP of Asset Management & Business Intelligence Supervisory Responsibilities: May supervise staff as assigned Job Classification: Regular, Full Time, Exempt Job Description USA Properties Fund, Inc. ("USAPF") is seeking a Senior Asset Manager to lead strategic initiatives that enhance the financial and operational performance of a portfolio of affordable housing properties. This role focuses on improving asset performance through proactive analysis, collaborative problem-solving, and implementation of performance improvement strategies, while maintaining compliance and supporting long-term portfolio health. JOB DUTIES AND RESPONSIBILITIES:
The Job duties listed below are intended only as illustrations of the various types of work that could be performed. The Omission of specific statements of duties does not exclude them from the positions if the work is similar, related, or a logical assignment to the position. Serve as the owner’s representative for a defined portfolio, with emphasis on assets requiring enhanced performance. Monitor property financials monthly against budget; identify trends and recommend strategies to improve NOI and overall financial health. Lead development and execution of asset-level improvement plans in partnership with property management and internal teams. Oversee governance meetings for assigned assets, presenting performance updates and improvement strategies to leadership. Financial Analysis & Forecasting: Conduct variance analysis on income statements; identify revenue opportunities and expense efficiencies. Review loan documents and analyze terms to ensure alignment with asset strategies. Perform DSCR calculations and develop strategies to optimize debt service coverage. Partner with Construction and Corporate Accounting teams to monitor project costs, identify variances, and proactively address potential funding shortfalls to ensure financial alignment throughout development. Support capital planning and reserve funding decisions to maintain long-term asset viability. Review physical attributes and maintenance trends to identify deferred maintenance before it becomes a capital crisis. Operational & Compliance Management: Collaborate with property management to address operational challenges, including occupancy, delinquency, and lease-up performance. Ensure compliance with LIHTC, HUD, and other affordable housing regulations in coordination with the Compliance team. Stakeholder Engagement & Reporting: Prepare and present detailed performance reports to internal leadership and external partners, as needed. Maintain accurate data in centralized systems for reporting and decision-making. Develop and manage relationships with lenders, investors, and regulatory agencies to support asset objectives. Other Duties: Perform additional responsibilities as assigned by your supervisor to support departmental and organizational objectives. QUALIFICATIONS AND ABILITIES:
To perform this position successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Education and Experience Bachelor’s degree in Finance, Business Administration, Real Estate, or related field (Master’s preferred). Minimum of 7 years in asset management or property management, with experience in affordable housing (LIHTC, HUD). Expertise in financial modeling, cash flow analysis, and NOI optimization strategies. Proficiency in Yardi or similar ERP systems, Business Intelligence software, and advanced Excel skills. Skills and Competencies Strong analytical and problem-solving abilities. Ability to interpret complex agreements and financial documents. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
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Senior Asset Manager Reports to: VP of Asset Management & Business Intelligence Supervisory Responsibilities: May supervise staff as assigned Job Classification: Regular, Full Time, Exempt Job Description USA Properties Fund, Inc. ("USAPF") is seeking a Senior Asset Manager to lead strategic initiatives that enhance the financial and operational performance of a portfolio of affordable housing properties. This role focuses on improving asset performance through proactive analysis, collaborative problem-solving, and implementation of performance improvement strategies, while maintaining compliance and supporting long-term portfolio health. JOB DUTIES AND RESPONSIBILITIES:
The Job duties listed below are intended only as illustrations of the various types of work that could be performed. The Omission of specific statements of duties does not exclude them from the positions if the work is similar, related, or a logical assignment to the position. Serve as the owner’s representative for a defined portfolio, with emphasis on assets requiring enhanced performance. Monitor property financials monthly against budget; identify trends and recommend strategies to improve NOI and overall financial health. Lead development and execution of asset-level improvement plans in partnership with property management and internal teams. Oversee governance meetings for assigned assets, presenting performance updates and improvement strategies to leadership. Financial Analysis & Forecasting: Conduct variance analysis on income statements; identify revenue opportunities and expense efficiencies. Review loan documents and analyze terms to ensure alignment with asset strategies. Perform DSCR calculations and develop strategies to optimize debt service coverage. Partner with Construction and Corporate Accounting teams to monitor project costs, identify variances, and proactively address potential funding shortfalls to ensure financial alignment throughout development. Support capital planning and reserve funding decisions to maintain long-term asset viability. Review physical attributes and maintenance trends to identify deferred maintenance before it becomes a capital crisis. Operational & Compliance Management: Collaborate with property management to address operational challenges, including occupancy, delinquency, and lease-up performance. Ensure compliance with LIHTC, HUD, and other affordable housing regulations in coordination with the Compliance team. Stakeholder Engagement & Reporting: Prepare and present detailed performance reports to internal leadership and external partners, as needed. Maintain accurate data in centralized systems for reporting and decision-making. Develop and manage relationships with lenders, investors, and regulatory agencies to support asset objectives. Other Duties: Perform additional responsibilities as assigned by your supervisor to support departmental and organizational objectives. QUALIFICATIONS AND ABILITIES:
To perform this position successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Education and Experience Bachelor’s degree in Finance, Business Administration, Real Estate, or related field (Master’s preferred). Minimum of 7 years in asset management or property management, with experience in affordable housing (LIHTC, HUD). Expertise in financial modeling, cash flow analysis, and NOI optimization strategies. Proficiency in Yardi or similar ERP systems, Business Intelligence software, and advanced Excel skills. Skills and Competencies Strong analytical and problem-solving abilities. Ability to interpret complex agreements and financial documents. Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
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