Analyst, Asset & Financial Management
Camber Property Group, New York, NY, United States
Company Description
Camber Property Group is a leader in affordable housing industry, developing innovative projects and preserving much-needed affordable housing in communities in New York City and across the Northeast and Midwest. The firm focuses on four primary business lines: acquisition and preservation of existing affordable housing assets, new construction of affordable and supportive housing, and new construction and acquisition of transitional housing.
The Asset Management Analyst (AM Analyst) will be responsible for managing a portfolio of affordable housing properties. The AM Analyst will represent ownership in executing business plans of each property under her/his management and recommend strategies and solutions to optimize performance of each property. The responsibilities of an AM Analyst will include: monitoring property operations, managing controllable expenses, and managing building compliance and capital improvements. The position is based in New York City and will report to the Director of Asset Management.
Monitor and track property operations in coordination with the Property Managers to ensure targets are being hit. Operational items include: occupancy, leasing, unit turnovers, violations clearance, collections, subsidy terminations, and work order completion. • Develop plans to obtain and implement increases for rental subsidies and work with property management staff to execute. • Work with in-house Construction Management team to create capital improvement plans. • Ensure properties are in compliance with all local laws and prepared for mandated inspections. • Perform frequent site inspections to assess property conditions, and to confirm maintenance & repair work meets Camber’s standards. Propose value-add initiatives at each property and assist project team members in creating investment objectives for each property. • Review contracts and negotiate with contractors, vendors, and consultants, as needed. • Assist team members with cash management forecasts to ensure real-time operational updates are being accounted for in the forecasts. • 2 years in a relevant field; experience in property management preferred · Basic understanding of multifamily operations; Experience with Yardi is a Plus
College degree in Real Estate, Architecture, Urban Planning, Finance, Accounting or other relevant field · Knowledge of affordable housing landscape, regulatory agreements, and HPD, HUD, and NYCHA assisted housing programs is a plus · Knowledge of building compliance and local laws · Ability to conduct site visits to identify issues and create solutions · Possess a Real Estate owner’s mentality to drive NOI and cash available for distribution in the most effective manner possible. · Ability to work on multiple projects and handle confidential information · Self-starter who can identify project priorities independently · Excited to interface with a varied and diverse resident population
Full-Time; Monday – Friday
This job operates in an office environment in New York City and will require travel to properties primarily within New York City and occasionally in the Tri-State area (NY, NJ, and CT)
Routinely use standard office equipment. · All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sex, sexual orientation, national origin, genetics, disability, age, or veteran status.
While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned. All job requirements are subject to possible revision to reflect changes in the position requirements or to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a threat or risk to the health and safety of themselves or other employees. Employees will be required to follow other job-related duties as requested by their supervisor/manager (within guidelines and compliance with Federal and State laws).
Camber Property Group is a leader in affordable housing industry, developing innovative projects and preserving much-needed affordable housing in communities in New York City and across the Northeast and Midwest. The firm focuses on four primary business lines: acquisition and preservation of existing affordable housing assets, new construction of affordable and supportive housing, and new construction and acquisition of transitional housing.
The Asset Management Analyst (AM Analyst) will be responsible for managing a portfolio of affordable housing properties. The AM Analyst will represent ownership in executing business plans of each property under her/his management and recommend strategies and solutions to optimize performance of each property. The responsibilities of an AM Analyst will include: monitoring property operations, managing controllable expenses, and managing building compliance and capital improvements. The position is based in New York City and will report to the Director of Asset Management.
Monitor and track property operations in coordination with the Property Managers to ensure targets are being hit. Operational items include: occupancy, leasing, unit turnovers, violations clearance, collections, subsidy terminations, and work order completion. • Develop plans to obtain and implement increases for rental subsidies and work with property management staff to execute. • Work with in-house Construction Management team to create capital improvement plans. • Ensure properties are in compliance with all local laws and prepared for mandated inspections. • Perform frequent site inspections to assess property conditions, and to confirm maintenance & repair work meets Camber’s standards. Propose value-add initiatives at each property and assist project team members in creating investment objectives for each property. • Review contracts and negotiate with contractors, vendors, and consultants, as needed. • Assist team members with cash management forecasts to ensure real-time operational updates are being accounted for in the forecasts. • 2 years in a relevant field; experience in property management preferred · Basic understanding of multifamily operations; Experience with Yardi is a Plus
College degree in Real Estate, Architecture, Urban Planning, Finance, Accounting or other relevant field · Knowledge of affordable housing landscape, regulatory agreements, and HPD, HUD, and NYCHA assisted housing programs is a plus · Knowledge of building compliance and local laws · Ability to conduct site visits to identify issues and create solutions · Possess a Real Estate owner’s mentality to drive NOI and cash available for distribution in the most effective manner possible. · Ability to work on multiple projects and handle confidential information · Self-starter who can identify project priorities independently · Excited to interface with a varied and diverse resident population
Full-Time; Monday – Friday
This job operates in an office environment in New York City and will require travel to properties primarily within New York City and occasionally in the Tri-State area (NY, NJ, and CT)
Routinely use standard office equipment. · All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sex, sexual orientation, national origin, genetics, disability, age, or veteran status.
While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned. All job requirements are subject to possible revision to reflect changes in the position requirements or to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a threat or risk to the health and safety of themselves or other employees. Employees will be required to follow other job-related duties as requested by their supervisor/manager (within guidelines and compliance with Federal and State laws).