Description
ORGANIZATION OVERVIEW
Based in Laguna Beach, the Foundation has been in service for 30 years. As a nonprofit organization, our primary purpose is to create safe, comfortable, high-quality homes that uplift the lives of our residents and enhance the surrounding neighborhoods. The Foundation has assisted in developing more than 200 communities (approx. 21k AUM) with an aggregate value of $2B+. We focus on the financial and environmental sustainability of our residential communities, allowing us to build comfortable, affordable homes for those who need it most.
Our skilled team of real estate professionals have a deep expertise in residential asset management, acquisitions, property tax exemptions, accounting, and supportive services. Our in-house asset management team takes an active, hands-on approach by optimizing cash-flow and minimizing risk exposures by evaluating challenges and opportunities. In summary, our asset management group monitors the Financial, Physical and Regulatory Health of our Assets during their entire asset life cycle. We are looking for an Asset Manager to provide the day-to-day support to our JV Partners. The Asset Manager will be primarily responsible for a specified portfolio and various asset management functions.
ASSET MANAGEMENT POSITION OVERVIEW
Based in Laguna Beach, the Foundation has been in service for 30 years. As a nonprofit organization, our primary purpose is to create safe, comfortable, high-quality homes that uplift the lives of our residents and enhance the surrounding neighborhoods. The Foundation has assisted in developing more than 200 communities (approx. 21k AUM) with an aggregate value of $2B+. We focus on the financial and environmental sustainability of our residential communities, allowing us to build comfortable, affordable homes for those who need it most.
Our skilled team of real estate professionals have a deep expertise in residential asset management, acquisitions, property tax exemptions, accounting, and supportive services. Our in-house asset management team takes an active, hands-on approach by optimizing cash-flow and minimizing risk exposures by evaluating challenges and opportunities. In summary, our asset management group monitors the Financial, Physical and Regulatory Health of our Assets during their entire asset life cycle. We are looking for an Asset Manager to provide the day-to-day support to our JV Partners. The Asset Manager will be primarily responsible for a specified portfolio and various asset management functions.
ASSET MANAGEMENT POSITION OVERVIEW
Essential Functions
- Work closely with Partnership Reps, Portfolio/Asset Managers, Property Managers, and housing agencies
- Review property level financials and operating information to ensure for proper asset stabilization
- Based on various covenants., assist with managing financial and compliance reporting obligations under the Partnership Portfolio (Section 42 & HUD)
- Collect, analyze, and synthesize relevant operating, financial & proforma reports, regulatory compliance reports, and formation documents (partnership agreements, loan documents, regulatory and operating agreements)
- Monitor capital improvements, draw requests and replacement reserves
- Quality control of deliverables (monthly, quarterly, annual, and ad hoc) including review of all financial data, variance explanations, compliance reporting, audits, etc.
- Achieved department benchmarks and monitor results in accordance with best practices and various formation documents
- Conduct site assessments to ensure the affordability requirements and asset perseveration are upheld by the partners and management agents
General Education or equivalent
- 1-3 years of experience in real estate, finance, or property management preferred
- 4-year college degree
- Strong computer literacy including fluency with Microsoft Office (Excel, Word, Outlook and PowerPoint)
- Excellent analytical, research, communication (written and verbal), and organizational skills
- Desire to multi-task in a complex, high-volume environment and competency to work with all levels of management and personnel on critical projects
This job is no longer active.