Senior Vice President of Asset & Property Management

Let's Connect Are you ready to embark on a new career endeavor? Join The Doe Fund (TDF) on our mission to break cycles of homelessness, addiction, and recidivism through economic opportunity, housing, and comprehensive supportive services. For nearly 40 years, we have provided paid transitional work, comprehensive supportive services, and a citywide portfolio of affordable, supportive, and transitional housing to more than 30,000 under-resourced New Yorkers. Best known for our Ready, Willing & Able program, in recent years we have developed a housing portfolio of over 990 permanent affordable and supportive units across 10 sites, with nearly 500 more in pre-development or under construction and 84 scatter site units. The Doe Fund has an annual operating budget of $77 million and a full-time staff of 400+, a significant percentage of whom are Ready, Willing & Able graduates. The SVP of Asset & Property Management will be an asset and property management expert with a passion for serving individuals and families from historically marginalized communities. The role is responsible for managing and optimizing TDF's real estate portfolio; developing and implementing strategies to maximize returns, minimize risks, and ensure the long-term financial health of the portfolio; and supervising the strategic direction and day-to-day operations of the asset and property management department. This individual will play a crucial role in maximizing the value of TDF's real estate assets, ensuring operational efficiency, and maintaining high standards of tenant satisfaction. The SVP of Asset and Property Management will report to the President and Chief Executive Officer; serve on the executive leadership team; and supervise the Director of Security, the Director of Maintenance, the Director of Leasing and Compliance, and the Property Manager as well as our outsourced third-party property management companies. The SVP of Property and Asset Management will partner closely with the Real Estate, Finance, and Program teams. The Ideal Candidate: Bachelor's degree in Business, Real Estate, or a related field Familiarity with portfolio insurance and the process of making claims Proven experience in asset and property management with a track record of successful strategy development and implementation as well as increasing responsibility Experience working with low-income housing and supportive service contracts and tenants Knowledge of LIHTC, HPD, HDC, HCR, NYCHA, HOME compliance Strong financial analysis and modeling skills as well as budget management skills Leadership experience, with the ability to build and lead high-performing teams Excellent written and oral communication and negotiation skills Computer literacy and competence with property management software and databases Superior organizational skills In-depth knowledge of relevant regulations and compliance standards It's a bonus if: You are trained/certified by Novogradac or Quadel Key Responsibilities: Strategic Asset Planning Develop and implement comprehensive asset and property management strategies aligned with overall organizational goals and objectives Conduct regular assessments of the current portfolio and identify opportunities for growth or divestment Financial Analysis & Management Analyze financial data related to assets, including performance metrics, cash flow, and return on investment Oversee budgeting, financial analysis, and reporting for the department, ensuring cost-effectiveness and profitability Manage audit requests from all funding sources and syndicators in partnership with the finance department Risk Management Identify and assess potential risks associated with the asset portfolio and property management activities Develop risk mitigation strategies to protect the organization's investments and financial interests Team Leadership Lead and mentor a team of asset and property management professionals (staff and outsourced property management companies) Stakeholder Communication: Communicate with internal and external stakeholders, providing regular updates on performance and strategies Maintain a strong working relationship with supportive housing leadership to ensure tenants' and property related matters are addressed in a timely manner Work with program staff and other internal/external stakeholders to strike a balance between what is needed to effectively manage properties and provide quality services for clients in a caring manner that aligns with the organizational mission Compliance and Regulations Ensure compliance with local, state and federal regulations and industry standards Guarantee the continued insurance of TDF's portfolio, including making claims when necessary Manage all financial reporting to TDF's finance department for all LIHTC/HOME properties and ensures all files are kept in accordance with reporting requirements Portfolio Optimization Manage and optimize the performance of the property portfolio, including leasing, renewals/recertifications, tenant relations, and property maintenance Ensures that required occupancy levels are met and maintained Develop policies and procedures that create and/or improve systems to facilitate more efficient operations Tenant Relations Establish and maintain positive relationships with tenants, addressing concerns and ensuring high levels of tenant satisfaction Vendor Management Oversee relationships with third-party vendors and service providers to ensure quality and cost-effective services Technology Integration Stay abreast of industry trends and integrate relevant technologies to enhance asset and property management processes Other duties as assigned Interested? Submit your application for review. Before you go, we want to assure you that we are committed to building a diverse and inclusive workplace reflective of individuals who share our mission and who want to join us in working on the cutting-edge of important social issues. We are an equal opportunity employer and we highly encourage applications from candidates regardless of race, color, citizenship, religion, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran or reservist status, or any other category protected by federal, state, or local law.

Created: 2024-11-05