Director of Asset Management (7070 - Asset Management)

Overview

Explore a career at EAH Housing. Start or continue a career in real estate development and management with EAH Housing. We are expanding our property portfolio throughout California and Hawai‘i. As a mission-based nonprofit organization and industry leader for more than 50 years, we live up to our values and work to create opportunities to empower people to live better lives.

Position Overview

Directly responsible for ensuring that the long-term financial health of the properties in the portfolio meets EAH, owner, and lender requirements. Involved in all financial aspects of real estate activities from pre-development through operations, repositioning, and limited partner buy-outs. Ensures that established property and financial criteria are met for each property. Works with REM and Facilities staff on capital needs assessments, capital improvements, and use of reserves. Participates in strategic planning and policy development of EAH property assets. Works closely with REM staff on annual budgets to ensure that the properties are performing as originally projected. Ensures clear and concise communication with investors and lenders.

What We Offer

We offer a comprehensive benefits package that includes medical, dental, vision, disability and life insurance, as well as a 403(b) retirement plan with a 5% match. We also offer generous vacation accrual, holiday schedule, and work schedule flexibility. We believe in work/life balance. Benefits include:

• 15 days of vacation per year (increases with years of service)
• 10 paid sick days per year
• 13 paid holidays
• Flexible Start Times (REM Onsite Positions)
• Competitive Salaries
• 403b Retirement Plan with a match to every dollar saved for retirement, up to 5% of pay
• Employee Wellness Program
• Comprehensive Medical Insurance Plans
• Affordable Dental & Vision Insurance
• Flexible Spending Account
• EAP – Mental Health, Financial and Legal Services
• $1,500 Employee Referral Program
• EAH University, an in-house training program

Responsibilities

• Develops and implements Asset Management department goals that ensure long-term financial health of EAH properties meets EAH, owner and lender requirements.
• Works with senior management on EAH’s long-range financials and strategic plans.
• Works with REM and RED to create accurate pro-forma financials and long-term financial plans for new properties.
• Working through Asset Management team, ensures that:
• Capital accounts and losses are reviewed and monitored.
• Limited Partner buyout strategies support established EAH goals and initiatives.
• Applications for annual and periodic welfare tax exemptions with counties and state agencies are coordinated and monitored.
• General Partners are performing annual duties as defined in partnership agreements.
• Annual operating and 15-Year budgets are reviewed with REM staff.
• Quarterly and annual reporting requirements to agencies are tracked.
• Quarterly P&L reports are reviewed with REM staff and EAH stakeholders.
• Properties moving into operations are meeting Pro forma performance through first complete fiscal year of full operations.
• Regulatory Agreement and Loan Document compliance related restrictions are reviewed, identified and complied with.
• Proposed property developments are reviewed for marketability and rental rate structures are evaluated against EAH, owner and lender requirements.
• Develops cross-departmental teams to develop and track cash flow and capital needs.
• Researches databases to refine reporting and data collection and implements Asset Management system with REM, RED, Business Systems and Finance.
• Coordinates special projects such as greening/solar work across portfolio.
• Works with REM and Facilities staff regarding capital assessments, capital improvements and use of reserves including potential energy efficiency options.
• Reviews and analyzes quarterly property financial statements for reports to CEO, CFO, SVP Portfolio and REM Senior Vice President.
• Provides enhanced review and analysis of Watch List properties and properties outside of established benchmarks.
• Oversees training on Asset Management policies and procedures.
• Attends agency/investor-sponsored trainings
• Attends mandatory meetings and trainings
• Actively participates in EAH’s Injury and Illness Prevention Plan
• Regular and predictable attendance.

Supervisory Responsibilities

• Supervises, organizes, directs, and monitors daily activities Asset Management and Property Tax Exemption staff.
• Orients new employees to position.
• Trains staff on emergency procedures and employee safety.
• Approves timesheets and time-off requests.
• Sets and oversees employee work schedules.
• Provides performance feedback to employees, including coaching, counseling and disciplining.
• Conducts regular meetings for discussions, problem solving, encouraging, and training.

Qualifications

Bachelor’s degree in finance, business administration, accounting or related field. 6 - 8 years as an Asset Manager or Project Manager in affordable housing. Experience in reporting to and working with agencies such as HUD, TCAC, CHFA, HOME, USRDA, HCD, RHCP, and investors. 5+ years management/supervisory experience.

Other Requirements

• Must have valid driver’s license and DMV clearance.
• Must have access to reliable vehicle and maintain own auto insurance in accordance with EAH minimum requirements.

Criminal Background Check Requirements

EAH Housing conducts criminal background checks on all candidates who have received a conditional job offer. Once you have received such an offer, you will be required to submit and pass our criminal background requirements. EAH also verifies education and employment history. Any verified discrepancy (resume or online application) may delay your background check results and/or affect your eligibility to work at EAH. Please be advised that certain roles may also require fingerprinting due to legal requirements. If onsite housing is a requirement of the position, any household members over 18 years of age who will be living onsite with the candidate must also undergo a criminal background check and tenant screening. Satisfactory completion of background check and fingerprinting requirements is a requirement of employment with EAH.

Drug Testing

EAH Housing requires all candidates who have received a conditional job offer to submit to drug testing within 72 hours from acceptance of our job offer. EAH Housing does not test for marijuana/cannabis. Satisfactory completion of drug testing is a requirement of employment with EAH.

EAH Housing is an EEO employer. CA BRE # | HI RB-16985

INDEAH

#J-18808-Ljbffr