Position Reports To:
VP Director of Property Management
Full-time/Part-time:
Full-time (Benefits Included)
Responsibilities:
Essential functions are fundamental and core and are not intended to be an exhaustive list of all job duties:
Oversee the performance of affordable housing properties, ensuring they meet financial and operational goals. Develop a thorough understanding of each property and its challenges.
Conduct regular financial analysis and reporting, including budgeting, forecasting, and variance analysis.
Develop and implement strategic plans to optimize property performance, including identifying opportunities for cost savings and revenue enhancement.
Monitor market trends and conditions to inform strategic decision-making and ensure properties remain competitive within their market.
Request Section 8 property rent increases annually and utilize the U.S. Department of Housing and Urban Development (HUD) programs to mark properties up to market rents when allowable. Understand financing, affordable housing programs, and regulatory requirements for HUD properties. Request annual rent increases for all Low-Income Housing Tax Credit (LIHTC) properties.
Monitor special claims filed with the HUD contract administrator when circumstances require it.
Monitor to ensure that the property management team is making timely and accurate reserves for withdrawal requests.
Monitor and prepare an analysis to get an accurate and timely utility analysis for each property.
Work closely with the management team and Development Division to properly structure property rents, utility schedules, operating expense budgets, and reserve deposits and withdrawals to prepare a property for recapitalization and/or refinancing. Establish metrics for the evaluation and future development opportunities for all properties.
Maintain a process for reviewing real estate tax assessments and managing tax appeals as necessary.
Develop and manage capital improvement plans with the Facilities and Maintenance Division and the property management team, ensuring timely and cost-effective project execution.
Understand all investor, lender, and agency reporting requirements and collaborate with other departments to ensure they are met.
Identify and mitigate risks associated with property operations and financial performance.
Manage ancillary revenue contracts and maximize financial benefits.
Qualifications:
Required Education and Experience:
o A bachelor’s degree in accounting, finance, real estate, business administration, or a related field is preferred.
o Two (2) to five (5) years of experience in asset management, preferably in affordable multifamily property management.
o CHAM Asset Management Training Certificate holder or willingness to obtain certificate within 1 year anniversary of first annual review process (company will sponsor classes but they must be completed outside of business hours to allow for on the job training)
Knowledge and experience with the Low-Income Housing Tax Credit Program gained from asset management, operations, or development work experience a plus.
Knowledge and experience with other affordable housing programs centered on HUD, Rural Development (RD), public housing, and other programs that support affordable housing a plus.
Yardi experience is a plus.
Strong financial acumen with experience in budgeting, forecasting, and financial analysis.
Ability to learn quickly and desire to learn about the complexities of the affordable housing business constantly.
Ability to multi-task and run projects simultaneously.
Excellent communicator with proven ability to interface with a broad array of employees, stakeholders, and housing partners.
Required Skills/Abilities:
Ability to prepare internal and external written reports such as risk assessments, watchlist write-ups, management plans, operational analysis, and routine updates.
Requires knowledge of applicable federal and state regulations and policies, including the LIHTC and HOME Programs and procedures for affordable housing compliance and management, with the ability to interpret and apply.
Excellent communication skills both verbally and in writing.
Excellent organizational, analytical, and people skills, with keen attention to detail.
Excellent computer skills and proficiency in financial analysis and spreadsheet modeling.
Requires diligence.
Ability to determine the market value of property.
Physical Requirements:
Prolonged periods sitting at a desk and working on a computer.
Standing and walking: Ability to stand and walk for extended periods of time and occasionally move around the office to access files and machinery. Other movements: Ability to push, pull, squat, turn, twist, bend, and stoop.
Must be able to lift up to fifteen (15) pounds at times.
Valid driver's license for traveling purposes.
Ability to travel within Arbor’s 9-state portfolio.
We are proud to be an Equal Opportunity Employer that Values Diversity & Inclusion.
Accommodation is available for applicants with disabilities,
in all phases of the application and employment process.
Contact Email:
To Apply:
Candidates may send resumes to VP Director of Property Management, Denise Neale, at the address listed above and/or the Vice President of Human Resources, Karen Smith at employment@arbormanagement.com. NON-SMOKING ENVIRONMENT. We are proud to be an Equal Opportunity Employer that promotes the hiring of veterans and disabled applicants.