|Job Opening: Asset Manager|
Possession of a Bachelor’s degree from an accredited college or university in business, public administration, or other related field; four (4) or more years of related experience and/or training; or any equivalent combination of education, experience, and/or training which provides the required knowledge, skills, and abilities. Direct experience in multi-family property management and/or asset management overseeing multiple assets required.
Knowledge of: basic accounting; bookkeeping; budgeting; finance; office practices and procedures; computer software; community resources and services; records management; office management; project management; government structure and process; public administration; government grant programs; state, federal, and local laws and/or regulations; employee training and development; local geographical area; business administration; English grammar and spelling; asset management; detailed property-level financial statement analysis; lease management; pro forma analysis; rent-setting evaluation; real estate accounting; managing property and 3rd party property management firms; risk identification and risk management; HUD affordable housing programs and requirements.
Columbus Metropolitan Housing Authority (CMHA) help people access affordable housing through collaborative partnership to develop, renovate, and maintain housing; promote neighborhood revitalization, and assist residents in accessing needed social services. CMHA is a national leader in opening doors to innovative housing for diverse communities, empowering residents, and improving neighborhoods.
CMHA is seeking an Asset Manager for the Asset Management department. The Asset Manager is responsible for the asset management and oversight of financial and physical assets for all third (3rd) party management properties; assists the Vice President of Asset Management with overseeing relocation/RAD/construction activities; works with the Vice President in order to assist with providing information to and coordinating with Capital Improvements in identifying modernization needs for CMHA properties, and in preparing plans, timetables, and budgets to assure that all properties meet Housing Quality Standards and HUD REAC requirements; coordinates with the VP for Capital Improvements and Project Development in monitoring the progress and acceptability of modernization activities.
Essential Functions of the position:
Conducts financial analysis, market studies, and industry standard reporting; assists the Vice President with drafting and reviewing annual departmental budgets; conducts monthly, quarterly, and annual reporting of the portfolio; conducts monthly analysis of the operating statements, receivables, and payables for the portfolio.
Directs and provides guidance in the development and implementation of policies to ensure that all procedures are in compliance with HUD, State, Local, LIHTC, and CMHA regulations; ensures that interviews, eligibility processes, maintenance of waiting lists for appropriate bedroom size and for sites, re-examinations, preparation of contracts, etc., are in accordance with the Authority’s rules, policies, and procedures and are completed in a timely and professional manner; establishes and implements property management policies and procedures and provides guidance to Public Housing managers and staff to ensure compliance with federal, state, and local housing regulations and meet organizational goals.
Reviews and prepares annual site budgets. Reviews rent rolls for all properties monthly for accuracy. Develops financial models to assist in the acquisition and growth of the CMHA real estate portfolio. Fully responsible for rent growth and increasing property values through increasing income and reducing expenses at a property and portfolio level.
Conducts informal hearings with clients regarding violations of applicable program rules and explains housing program obligations as needed, including actions necessary to remain in compliance.