Asset Manager II
Under the general supervision of the Senior Asset Manager, the Asset Manager II is responsible for ensuring that TNDC properties are well managed and consistent with the financial, physical, and social goals,
standards and requirements of TNDC and its funders.
•Establish and monitor financial performance standards
•Monitor the current andlong-term financial status of TNDC projects by reviewing budget variance reports and by preparing long-term operating cash flow projections
•Contribute to preparation of audited financial statements, i.e., related party fees,contingent liabilities, reserves, and surplus cash analysis and distribution
•Propose solutions to structural deficits and propose disposition of annual surplus/deficits
•Responsibility for at least one technical specialization such as project development design review, property tax, mortgage, HUD contracts or insurance for the portfolio.
•Ensure portfolio meets owner physical quality standards
•Ensure long-term physical health of the portfolio by standard industry practices Investor/Lender Contract Administration•Minimize financial risk by ensuring compliance with third party requirements
•Administer loan and equity agreements after initial and final loan closings
Responsibilities Furthering Multiple Owner Goals
•Develop objectives and long-range plans that serve general ownership goals in the portfolio
•Ensure that Owner’s main objectives are adequately expressed in Property Management policies plans and procedures
•Work with TNDC development staff to create initial operating budgets and project designs that achieve Asset Management goals of long-term financial stability, cost efficiency and well-maintained physical plant
•Recommend for approval management plans and management agreements and other property management contracts with respect to accomplishment of owner’s asset management goals
•Manage insurance for TNDC controlled portfolio, including claims, setting deductible and coverage levels, and all other insurance related issues. Responsibilities exclude Builders Risk which is handled by Housing Development
•Perform risk assessments and risk management
•Perform other related duties as required
•Ability to comprehend and correctly use informational documents including budgets, financial reports, occupancy reports, bids, contracts and meeting minutes
•Ability to prepare policies, procedures, compliance reports, investor/owner reports and correspondence
•Ability to comprehend publications and manuals including HUD and tax credit manuals, industry publications and legal documents
•Ability to communicate effectively with coworkers and staff at all levels, residents, government officials, both verbally and in writing
•Ability to stay informed of changes in policy, methods, operations, etc. as they apply to property and asset management operations and activities
•Intermediate knowledge of MS Excel, Word, and Outlook
•Ability to work with and sensitivity to a diverse, low-income, multi-ethnic population
•Sound judgment, excellent analytical and problem-solving skills
•Strong time management skills
•Four-year college degree
•Four years of direct experience in non-profit owner asset management as a full-charge asset manager. Evaluated completions comparable to this grade may substitute for years of direct experience. •Supervisory experience
Demonstrated abilities in all five of these areas:
o Property Asset Management Plan writing, including Partner Exit Plans
o Capital Needs Projections
o Surplus cash analyses for audits
o Contract analysis
o Project management
•And high level specialist knowledge in at least one of these subjects: insurance, property tax, HUD contract renewals/increases, AM design review, or databasing
•Intermediate knowledge of MS Word and MS Excel.
•Two years of experience in quantitative analysis.
•Evaluated excellent in next lower grade for at least one year, including substantially exceeded quantitative goals.
•Demonstrated ability to independently review financial audits and field auditor questions.
•Graduate Degree and/or additional related professional experience
•Intermediate knowledge of property management software or accounting software
•Training or experience in Housing Development and/or Tax Credit programs
•Professional certification related to housing development, property or asset management