National Community Renaissance
  • Rancho Cucamonga, CA, USA
  • DOE
  • Salary
  • Full Time

National Community Renaissance offers a comprehensive benefits package!


"Together, we transform lives and communities!"

National Community Renaissance (CORE) is seeking qualified individuals to join our team. CORE is one of the nation's largest non-profit affordable housing developers with over a 30-year track record in community revitalization. We transform the economic and social future of communities by building quality, affordable housing combined with best practice social services to improve the self-sufficiency of our residents.

Benefit Summary:

At National CORE, we offer competitive compensation packages and comprehensive benefit plans that include medical, dental, vision, 401(k) plan with match, Life Insurance, LTD, FSA, paid holidays, vacation, and sick time.

About the Job:

The Asset Manager reports to the Sr. Asset Manager and is primarily responsible for representing the owner/sponsor interests for a portfolio of affordable housing properties owned or sponsored by National CORE. The essential functions of the Asset Manager position include the following:

RESPONSIBILITIES

  • Review operating statements monthly.
  • Monitor program compliance specific to the deal.
  • Provide portfolio reporting and strategic recommendations to address issues related to the financial performance of the property, capital planning or operational issues.
  • Conduct periodic site inspections.
  • Identify Watch List properties and work with Property Management personnel to prioritize issues and develop action plans to address them.
  • Prepare projections and work to increase cash generated from operations for payment of sponsor debt, fees and cash flow distributions.
  • Identify properties that are candidates for refinancing, re-syndication and other restructuring.
  • Analyze long-term property performance against projections.
  • Monitor report distribution to see that all requirements are met with the external stakeholders.
  • Approve annual property budgets.
  • Review annual audit for portfolio.
  • Interact with internal staff (Property Management, Finance, Accounting, Development, Risk Management and Compliance) and external parties (investors, lenders, regulators, auditors) to achieve property goals.
  • Participate in due diligence and review proformas of prospective deals to assess deal viability.
  • Participate in the transition process when a property is moving from Development to stabilized operations.
  • Work independently and continues to increase industry knowledge.
  • Participate on projects to improve department and interdepartmental processes.
  • Attend Company sponsored events that relate to the development of the team, which, from time to time, may include overnight stays at locations away from the employee's home.
  • Ability to work flexible hours. Ability to travel is required.
  • Must possess a valid driver's license, current automobile insurance and reliable form of transportation.
  • Other duties as assigned.

EXPERIENCE

The Asset Manager should have the following education / minimal skills:

  • Four-year degree, preferably in related field, or comparable industry experience.
  • Three to four years in asset management or related areas of real estate or affordable housing which; may include development, investment, property management, acquisitions/dispositions.
  • Must have knowledge of regulatory programs, the housing industry, marketing, physical asset management, and working knowledge of multi-family and senior communities.
  • Must be familiar with HUD, Bond, Tax Credit, and Conventional financed occupancy related programs.
  • Incumbent must have demonstrated track record of exceptional problem solving within a sophisticated operating environment and able to implement rapid turn-around plans.
  • Possess well-developed analytical and negotiation skills.
  • Must be computer literate, with strong spreadsheet and word processing knowledge: MS Word, Excel, Outlook, internet required. MS Project is helpful.

PHYSICAL REQUIREMENTS/WORK ENVIRONMENT

  • Exposure to various types of weather conditions.
  • Standing, walking, sitting
  • Driving
  • Operate computer and office equipment

National Community Renaissance is an equal opportunity employer.

National Community Renaissance
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