Career Center
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Singapore, Singapore
Posted: 06-Jan-23
Location: San Diego, California
Type: Full Time
Salary Details:
Community HousingWorks, is seeking a Director of Asset Management for our Affordable Multi-Family Real Estate Portfolio, in San Diego.
The Director of Asset Management will lead and supervise the asset managers and others responsible for strengthening CHW’s multifamily affordable real estate portfolio through leading and implementing Department and Company-wide initiatives and strategies such as permanent supportive housing, energy efficiency, project managing rehabilitation and major capital projects, and providing interdepartmental coordination with Achieve.
Essential Duties and Responsibilities:
- Independently monitor the activities of property management firms responsible for the daily operations of the properties, and report significant information to vice president
- Manage and strengthen the Northern California portfolio with the property management company and other partners in the region so that policies and procedures that derive from CHW’s core values and mission are consistent across the portfolio.
- Identify, evaluate, recommend and implement capital improvement plans and replacement projects in the agency’s operating portfolio, including potential energy efficiency retrofits.
- Review audits and operating budgets and provide recommendation for approval to the vice president.
- Monitor and analyze assets’ performance to assure property asset management plans and goals are met.
- Supervise and direct asset managers, interns and volunteers as assigned; ensure direct reports are adequately trained, and provide professional development opportunities as they become available.
- Oversee utility tracking and benchmarking programs for regulatory requirements.
- Assure consistent reporting and analysis on property operational, physical and financial performance and take corrective action as needed.
- Monitor regulatory compliance and operational issues.
- Assist in development and implementation of new policies and procedures relating to asset management.
- Represent CHW to all stakeholders—partners, lenders, property managers, vendors, residents and community members, with an above average level of understanding, and supporting our mission, vision and values.
- Oversee the creation, collection, and maintenance of physical specifications with the goal of maintaining the integrity of the original designs, while updating and greening the product.
- Leads and monitors the third party property management company in the performance of lease-ups in both new construction and occupied rehabs to meet project milestones.
- Use benchmarking and other tools to identify operating efficiencies and opportunities to maximize returns at the individual asset level and overall portfolio level, including CHW’s sustainability portfolio strategy and sustainability project-specific plans.
- Assure appropriate capital and reserve investments in projects to maintain asset quality, and ensure product relevance, quality of construction and adherence to budget in those investments.
- Initiate and assure delivery of cross-department ownership initiatives to best meet CHW’s mission and impact framework, including the eviction-prevention, credit strengthening, and integrative pest management programs.
- Conduct financial and physical due diligence of new acquisition projects such as, but not limited to, financial and market review, community and neighborhood assessment, site inspection, development scope review and provide recommendation to vice president.
Education & Experience:
- Bachelors’ Degree or equivalent in Real Estate Management, Accounting or related fields.
- Minimum of 10 years of management experience in tax-credit financed, affordable housing or Property Management in settings with portfolios of at least 3,000 apartments.
CHW is a flexible workplace, providing our staff the balance of in-office collaboration time with peers with working from home. We are maximizing the connect and collaboration time with a set day in the office for our positions that work a hybrid schedule. This supports our business needs and our staff work/life balance.
CHW offers employees generous benefits, including:
- Medical, Dental and Vision Plan
- 401(K) with company matching contributions
- Life Insurance, Short- and Long-Term Disability
- FSA (Flexible Spending Account)
- Responsible Time Off (RTO)
- 12 Paid holidays
- Hybrid Workplace
- Wellness and Work Life Balance
- Opportunities for Professional Development
- EAP (Employee Assistance Program)
- Free Gym Access
- Paid Time Volunteer Opportunity
- Company-Wide Events
- Diversity, Equity and Inclusion
At CHW, we value diversity, equity and inclusion creating a work environment that respects and includes differences, recognizing the unique contributions that each individual can make that can maximize the potential of all staff. CHW encourages belonging through expressions, thought and innovation.
Additional Benefits:
In addition to those benefits outlined above, CHW employees have access to a variety of other benefits to customize a benefit package that meets their individual needs. Examples of these benefits include Identify Theft Protection, Hospital Indemnity, Accident or Critical Illness Insurance, and ID Legal Shield Services Plan.
Bachelors’ Degree or equivalent in Real Estate Management, Accounting or related fields.
Minimum of 10 years of management experience in tax-credit financed, affordable housing or Property Management in settings with portfolios of at least 3,000 apartments.
