Director Asset Management

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Job description

Description

Summary: The Director of Asset Management will have direct business plan oversight for all properties in the Midwest US Region (Chicago and Wisconsin) and other potential locations. The Director is an integral part of Heartland Housing Leadership team and assumes significant responsibility to build an Asset Management function within Heartland Housing. This individual will have supervisory experience and be able to lead a team of up to three Asset Managers.

Essential Duties and Responsibilities:

1. Acting as a liaison between real estate development, construction management, and property management to ensure all three are working in concert to carry out the stated business plan.

2. Monitoring each property's business plan progress (operating and construction) and proactively identify and address points of concern, areas of opportunity, staffing, marketing, quality of work, and key timelines.

3. Identifying new opportunities to increase property value and address any operational or capital issues early.

4. Collaborating with the Executive Director regarding equity syndicators, lending partners, and the disposition team to establish target performance metrics for liquidity events (sales, refinances, performance hurdles, and supplemental loans).

5. Collaborating with Property and Construction Management in the tracking and achievement of property- level performance, budget goals, and construction.

6. Reviewing and approving annual budgets for each property in portfolio assets and working to hold the third party property management firm accountable to established performance metrics.

7. Various financial modeling analyses including Hold vs. Sell analyses and making recommendations to the Executive Director.

8. Be an active participate in monthly asset reviews with property management vendor which include reviews of financials, occupancy, and renovation progress.

9. Assisting in writing quarterly Investor updates.

10. Performing property tours for lenders and investors as needed.

11. Assisting in due diligence for new acquisitions, supplemental loans, refinances, and sales for portfolio assets.

12. Assisting in coordination of post-acquisition/ development activities and integration of assets into the

firm's portfolio.

13. Acting as "eyes and ears" of the executive team and performing monthly visits and providing regular progress updates on all properties within your portfolio to:

a. Evaluate building presentation

b. Evaluate property management staff and making suggestions for staffing changes when appropriate

c. Evaluate construction progress and identify discrepancies between planned and actual renovation timing, scope, specifications, and design

d. Evaluate rent levels and review market comparable

e. Evaluate submarkets for changing operating climate (positive or negative)

f. Track market fundamentals (new construction, absorption) and develop projections for future vacancy

14. Supervises a team of Asset Managers and other roles as assigned. Supervision includes performance management, hiring, discipline, and termination decisions in collaboration with Human Resources and the Executive Director, compensation recommendations, and other key activities to ensure the assigned direct reports are functioning successfully.

15. Other duties as assigned will occur and are duties that relate to the work we do for our mission to be successful.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Education and/or Experience: Bachelor's Degree required, preferred in Real Estate, Finance, Economics, or Business.

• Preferred/Required Experience: 10+ years' experience in leadership in an asset management department, property management, acquisitions and/or valuation that includes at least five years supervising a team.

• Computer Skills: Proficiency in Excel, Microsoft Word, Power Point, and Yardi.

Other Skills:

• Excellent interpersonal, written, and verbal communication skills

• Strong management skills, with an ability to work independently and multi-task

• Self-starter who is highly analytical and able to think critically and proactively

• Well organized and able to work in a fast-paced environment

Competencies: To perform the job successfully, an individual should demonstrate the following competencies.

• Leaderful - Take initiative, communicate effectively, delegate based on skills and interests, possess strategic thinking and acting; develop staff, foster teamwork

• A Bias Toward Action - Advocate for services and policies that support healthier lives for the populations'; be decisive and act when a problem arises, communicating with those impacted; be proactive, innovative, and consistently work to improve operations and outcomes, carrying out formal continuous improvement initiatives

• Participant centered - Listen to and collaborate with participants, identify strengths and implement evidence-based practices; integrate and coordinate services across HHO programs

• Valuing our colleagues - Be respectful and responsive; appreciative and supportive; provide input, initiative and recognition of colleagues

• Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.

• Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.

• Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.

• Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.

• Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.

• Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.

• Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.

• Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.

• Decisive - makes timely, effective decisions regarding programs/projects/personnel, based on identifying and weighing solutions and understanding the impact of decisions on program and the broader organization.

• Accountable - takes responsibility for achieving goals of program/project ranging from programmatic deliverables/outcomes to financial performance; clearly outlines plans with teams to achieve deliverables; holds others accountable for their performance; shows initiative in resolving issues/challenges proactively and identifying opportunities for improvement

• Communication- Consistently and effectively communicates information about the organization verbally and in writing to individuals and teams; assures key messages are accurately communicated across their teams; maintains a positive, professional attitude in message delivery; addresses concern or confusion appropriately and in a timely manner.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this job, the employee is regularly required to talk or hear.

• While performing the duties of this job, the employee is frequently required to sit; use hands to finger, handle, or feel and reach with hands and arms.

• While performing the duties of this job, the employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch, or crawl.

• The employee must occasionally lift and/or move up to 15 pounds.

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The noise level in the work environment is usually moderate.

Heartland Alliance makes all hiring and employment decisions without regard to race, creed, color, age, gender, gender identity, marital or parental status, religion, ancestry, national origin, physical or mental disability, sexual orientation, sexual identity..... click apply for full job details