Role details

Asset Manager - Affordable

New York   •   USD100,000 - USD150,000   •  Permanent

Bullet points

  • Are you looking for your next career move?
  • Excellent opportunity to join NYC leading residential business - do not miss!

About Our Client

Our client is a leader in investment and development services for affordable housing and community revitalization efforts, with an expanding and enviable asset base situated across the 5 NYC boroughs.

Job Description

The Asset Manager - Affordable will be required to display the following experience:

  • Analyze monthly reports prepared by the third party property manager showing revenues and expenditures and budget-to-actual variances of existing properties to gauge the property manager's performance and raise questions where appropriate.
  • Serve as liaison with the third-party property manager, participating in monthly meetings and contacting the manager as necessary to collect information or raise issues.
  • Analyze rental arrears and legal reports as well as vacancy rates, distribute this information to social service staff, and make recommendations to address arrears and legal issues
  • Prepare and submit all compliance reports for funders and tax credit investors including quarterly financial and occupancy reports, working closely with New Destiny's fiscal staff
  • Identify funding sources to implement capital improvement plans and prepare applications as appropriate
  • Prepare requests to regulatory agencies and syndicators to draw funds from reserve accounts when necessary
  • Work with the third-party property manager to develop annual operating budgets for existing and proposed projects
  • Coordinate and implement the rent up of special needs units for homeless domestic violence survivors
  • Ensure that quarterly inspections of the properties are conducted by an independent third party
  • Review building violations reports quarterly to ensure that they are being addressed in a timely manner

The Successful Applicant

Our client is seeking talented Asset Manager - Affordable with prior experience managing multi site affordable housing schemes.

In order to be considered for this exciting new role you must be able to display:

  • A track record delivering against agreed targets for a large mutli-site residential business
  • First class stakeholder management skills, managing multiple 3rd party suppliers
  • A grounding across technical real estate - particularly affordable housing asset management
  • Ability to run complex financial and management reports - strong experience managing LIHTC finance models
  • Previous experience managing 3rd party property managers
  • End to end project management experience
  • A keen eye for detail and a commercial, analytical mind

What's on Offer

In return, our client offers a competitive basic salaof $100,000 - $150,000 / annum (depending on experience) and an excellent benefits package

Apply for this job

Click the Apply or LinkedIn button below or contact Samuel Kitchin quoting job reference 1199491
As you are using an Apple iOS device we are unable to offer you the CV upload function. Please apply with your Linkedin profile below or contact Samuel Kitchin quoting job reference 1199491