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Asset Manager

Company: Impact Housing
Location: Los Angeles
Posted on: September 25, 2022

Job Description:

Job DescriptionSalary: POSITION IDENTIFICATIONTitle: Asset ManagerBusiness Unit: Land AcquisitionsReports to: Chief Acquisitions OfficerDate Opened: August 2022Target Start Date: September 2022 COMPANY DESCRIPTION Join the fast-paced, exciting world of real estate development, while working to solve CA's most important issue in an ethical, sustainable, and equitable way. Come join a team that will quickly become the most active developer of housing in Southern California, with a plan to build 6,500+ units per year to address the housing crisis. Impact Housing is a mission-driven, vertically integrated housing development and production company with an innovative delivery model that is designed to build and activate high volumes of unsubsidized new housing, and in so doing, help address the housing shortage in Southern California. We are seeking a talented, energetic, and ambitious professional to help us develop and execute the industry's most innovative private-sector solution for the housing crisis. Join a team of seasoned professionals with decades in the industry and grow your career with us. As we accelerate forward into our mission, we want you to be a part of our story. Every full-time employee is granted equity ownership in the company.Job Summary:The candidate will work closely with a team of analysts, developers, and acquisition executives, to gain valuable insight and experience in the real estate business, and make property level decisions in the company's operations, including acquisitions, capital improvements, dispositions and leasing. Duties/Responsibilities:

  • Oversee onboarding of acquisitions of existing assets and execute full control of site and operations
  • Negotiate proposals and leases and evaluate credit worthiness of prospective commercial tenants
  • Providing in depth research for acquisition opportunities in assigned markets and spearhead due diligence
  • Evaluate market information relating to proposed or existing investments
  • Oversee capital improvement and tenant improvement projects
  • Monitor property budget to actuals and keep library of industry reports on major operating metrics in all key markets
  • Manage loan compliance and property level financing
  • Maintain active engagement with real estate brokers
  • Review various reports for management
  • Hire, manage and train financial analysts
  • Travel to assigned markets Required Skills/Abilities:
    • Be primarily responsible for asset management activities, portfolio positioning and optimization, long term property values and ensuring compliance with all regulations and our partnership agreements.
    • Key member of oversight of property management agreements, regulatory agreements and requirements; provide guidance and oversight of property budgets and property financial performance; lender, investor and program compliance reporting; capital needs assessments and planning.
    • Maintain clear and consistent communications with property management agents regarding housing objectives and operations as they relate to project budgets, lease-up, maintenance, rent collections, annual monitoring and compliance, rent increases, day-to-day procedural issues, and Agency mission.
    • Work closely with the Property Management teams to initiate and review annual financial statement audits. Conduct regular analysis of operating statements, budgets and other data relating to asset management.
    • Forecast operating performance and capital needs, and report to Chief Acquisition Officer as required and needed.
    • Work proactively to identify property performance issues if they arise. If needed, work collaboratively with housing, finance, and property management staff to create, and implement a workout plan or other steps to address performance concerns.
    • Perform physical inspection of assigned properties twice a year. Education and Experience:
      • BS degree in business administration, finance, economics, or accounting, or equivalent experience.
      • Min 3+ years' experience with operations and analysis, budgeting, compliance reporting, and financial reporting.
      • An entrepreneurial and creative approach to problem solving in the field of market and affordable housing, commercial and asset management; strong written and verbal communication, Excel, and analytical skills.
      • Commercial real estate industry experience o Excellent interpersonal, organizational and analytical skills
      • Excellent written and verbal communication skills
      • Detail oriented
      • Ability to meet deadlines
      • Self-motivated o Excellent knowledge of Microsoft Excel
      • Excellent knowledge of Microsoft Office
      • Working knowledge of Argus
      • Working knowledge of asset valuation and acquisition principles
      • Experience in drafting and managing lease documentation
      • Bachelor's degree with an emphasis in finance, economics or accounting
      • Plus: Master's degree with an emphasis in finance, economics or accounting Commercial brokerage, development or construction experiencePhysical Requirements:
        • Prolonged periods sitting at a desk and working on a computer.
        • Must be able to lift up to 15 pounds at times. Compensation:
          • Competitive Salary
          • Health benefits, Medical, Dental, FSA, and HSA
          • Vacation
          • Sick time
          • Holiday pay
          • Ownership of company equity

Keywords: Impact Housing, Los Angeles , Asset Manager, Accounting, Auditing , Los Angeles, California

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