Asset Manager (Affordable Housing)

Company Profile:BLDG Partners LLC is a Southern California based real estate investment firm founded in 2010 focused on infill development and the preservation of workforce and affordable housing. We pursue opportunities to improve communities in urban and suburban markets across the country.Position:BLDG Partners is seeking an Asset Manager (Affordable) to join our growing firm dedicated to providing quality, affordable housing across the the position, the Asset Manager will help implement Asset Management Best Practices to achieve department goals and successfully manage the portfolio with a focus on establishing uniform management and the implementation of the company's operational business plans.The Asset Manager would analyze property performance, cash flows, valuation, market trends and operational strengths and weaknesses to inform strategies for maximizing value to the company and stakeholders. The Asset Manager would also independently monitor the activities of third-party property management firms responsible for the daily operations of the properties, with the goal of reporting significant information to the VP of Asset Management.This individual would thrive in an entrepreneurial culture and be detailed oriented with the ability to prioritize and handle multiple tasks with flexibility. They must also work cooperatively and collaboratively to help build a successful and growing company.Responsibilities:Business PlanningResponsible for performing a broad range of analyses and reporting on different metrics and topics as a key resource to the VP of Asset Management Responsible for data collection and reporting, assisting with the preparation of annual budgets and other special projectsAggregate and update property-level data and prepare agendas for asset management meetings  Forecasting & BenchmarkingExpedite the receipt of financial and operational information from partnerships on a monthly, quarterly and annual basisPrepare market analysis reports, including comparable rents and sales, vacancy, and absorptionsupplySupport detailed financial and operational planning, budgeting, reforecasting, data management, analysis and reporting, ensuring all internal and external financial reporting requirements and deadlines are met while monitoring internal watchlistPrepare analysis of trends through regular operating metrics while acting swiftly to address budget variances and operational issues Portfolio ManagementWork closely with various third party agent departments to ensure full data integrity and quality reporting, maintaining an in-depth and up-to-date record of property activity and document management Assist in construction project management for status and capital trackingPrepare reserve draws for funding of construction projects and ongoing capital expendituresEvaluate how well owner established social goals for residents are being met Inspect properties periodicallyCreate and update asset management plans for each property helping lead the big picture External and Internal PartnershipsWork closely with accounting department to help manage property related accounting functionsDevelop, foster and maintain relationships with management agents, lenders, contractors, third-party monitors, investors, local and state housing agencies, General Partners and others in the LIHTC industry.Requirements:Bachelor's Degree (BABS)Five years of experience in real estate, accounting, finance, or construction management with relevant affordable housing industry experience andor certificationsPrior experience in the LIHTCHUD industry is preferredDemonstrated interest in real estate andor affordable housing Ability to produce complex documents, perform analysis and maintain databases in a detail-oriented fashionAbility to discuss critical paths, complex scheduling and related matters with internal and external partnersExcellent written and verbal communication skills are requiredProficiency in Microsoft Office Suite with working knowledge of Smartsheets, Yardi, AIM andor RealpageA collaborative team player with a strong work ethicPosition is Hybrid or Remote depending on candidate's circumstances and experience

Created: 2025-02-07