Asset Manager

Jamboree•Irvine, CA

2d•Onsite

About The Position

We’re looking for dedicated team members to join Orange County’s largest nonprofit developer of high-quality affordable housing and services. Join us in our mission to transform lives and strengthen communities for thousands of families, seniors, veterans, transitional age youth, and individuals coming from homelessness in California. The Asset Manager is responsible for overseeing the financial, operational, and compliance performance of a portfolio of affordable housing properties. This role ensures that properties maintain strong financial health, comply with regulatory and contractual obligations, and meet organizational goals. The position involves collaboration with internal departments and external stakeholders, including property management companies, investors, lenders, and regulatory agencies.

Requirements

Bachelor’s Degree or equivalent
Supervisory experience preferred
Tax credit compliance certificate preferred
5+ years experience with some years of permanent supportive housing experience preferred
Knowledge of municipally financed multifamily projects, tax credits and HUD
Knowledge of methodologies for budgeting and cash forecasting, financial analysis and portfolio asset management practices
Detail oriented with a good, strong ability to think and communicate strategically
Valid California driver’s license, clean DMV record and personal insured vehicle for travel within Jamboree’s service area Job will include travel to assigned portfolio and trainings
Job may include occasional evening or weekend work hours
Strong verbal and written communication skills; including ability to effectively give presentations
Skilled in usage of spreadsheet and word processing computer software
Experience in affordable housing, fair housing laws, property management/operations and practices. Mobile home law experience preferred.

Responsibilities

Monitors the fiscal status of all communities assigned – including monthly financial statement review, monitoring vacancy, administration of reserves, implementation of solutions for properties which are not meeting performance targets, and governing documents compliance
Administers the physical improvement plan of all communities assigned – includes PNAs, long term improvement plans, reserve withdrawal processing, oversight of capital improvements, disaster contingency plans
Ensures and supports timely and accurate reporting to investors, lenders, agencies, corporate boards
Participates in the development process for new properties – including review of selected materials and proposed operating budgets
Responsible for annual property processes – including preparation of operating budgets, site inspections, filing of welfare exemptions, OCC’s and SCC’s and 1st filings and resident demographic and satisfaction surveys
Support asset management staff on newly acquired properties pertaining to funding applications, expense comparisons, welfare exemptions, replacement reserve requests, and management agent agreements.
Maintains databases and collection of demographic data on residents
May supervise and train asset management staff
Participates in sustainability initiatives for assigned portfolio
Manages the lease-up process for newly developed properties, creates rent schedules, reviews marketing plans and lease-up office leases, coordinates these efforts with third party property management companies and ensures that rents and tenant mix is in compliance with governing documents
Manages and evaluates third party property management companies
Researches partnership agreements, financing documents, regulatory agreements, tax returns, audits and other source documents as needed
Other duties as assigned