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Vice President of Asset Management

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The Millennia Companies®

2021-12-03 07:32:02

Job location Cleveland, Ohio, United States

Job type: fulltime

Job industry: Executive Positions

Job description

Position Overview

The Multifamily Vice President of Asset Management will be responsible for asset managing a portfolio of at least 30,000 units of the Company's nationwide Section-8 and LIHTC properties.


The Multifamily Vice President of Asset Management will be accountable for the oversight of the current portfolio from a strategic investment perspective, ensuring the goals and objectives of each asset are established and carried out through the effective management and operation of each property.


This position will be working out of Key Tower in Cleveland, OH. Relocation is available for qualified candidates.


Essential Functions and Responsibilities

  • Responsibility for overall portfolio management and profitability
  • Ensure the oversight and implementation of the property business plan and budget
  • Analyze property financials and performance metrics in pursuit of maximizing revenue and minimizing expenses
  • Provide recommendations and implement changes for property improvements based on thorough analysis and experience
  • Prepare narratives and financials for investor reporting
  • Assist in the development and monitoring of strategies to maximize asset values within the portfolio
  • Complete property inspections as part of monitoring property performance, management execution, and property capital needs
  • Negotiate major vendor contracts and pursue portfolio-wide expense reductions through vendor bidding
  • Problem solve property and portfolio level issues through research, analysis, and implementation
  • Oversee preparation for HUD & REAC inspections
  • Implement and monitor capital improvement projects
  • Assist in conducting due diligence and financial modeling for new acquisitions and dispositions


Required Education and Experience

  • 3 - 5 years experience in multifamily asset management
  • Section 8 and low-income housing tax credit experience required
  • Bachelors degree (prefer real estate, business, or finance)
  • Excellent MS Excel skills
  • Strong management skills, with an ability to work independently and multitask
  • Highly motivated, with a positive "can-do" attitude
  • An analytical approach with a results-oriented mindset
  • Ability to think like an owner in all decision making
  • Entrepreneurial spirit with a willingness to do what is necessary
  • Travel to properties across the nation will be required

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