Asset Manager

We have an immediate opening for an experienced Asset Manager who will conduct and oversee management of assets in APG’s portfolio.

Duties and Responsibilities:

·       Review partnership agreements, financing documents, regulatory agreement and other sources to determine financial and regulatory reporting requirements to ensure properties are in compliance with such requirements.

·       Review monthly property financial statements provided by property managers and prepare a monthly asset manager report for senior management to support portfolio performance

·       Collaborate with property management staff to maximize revenue, and control expenses to support adequate reserves, debt service payments and cash flow.

·       Implement procedures for operations and compliance oversight to ensure that at all times units are leased only to eligible tenants and rents are in strict accordance with all regulatory agreements.

·       Prepare reserve draw requests ensuring they are complete and there are adequate reserves. Submit draw requests to respective lenders, investors and/or regulatory agencies for authorization to withdraw funds. Work with the property management staff to ensure all replacement reserves eligible items are included in the draws.

·       Support the CFO with preparing annual residual receipts and cash flow calculations for review and approval by the CFO and CEO. Once approved, submit reports to applicable lenders and investors.

·       Prepare and coordinate distribution of monthly, quarterly, annual and periodic reporting to lenders, investors and/or regulatory agencies.

·       Participate in the development of annual property budgets by working with property management staff and obtaining approval of CFO and CEO.

·       Participate in the development of capital improvement plans by working with property management staff, and CFO utilizing relevant sources of cash such as annual property budget, and reserves.

·       Coordinate with Operations Manager to maintain annual project compliance and monitoring schedule for all properties.

·       Coordinate regular calls and site visits with property management teams to ensure goals and budgets are met, determine strategies for corrective action and prepare database records of such communication.

·       Establish and maintain effective business relationships with lenders, investors, and other corporate partners

·       Maintain organized, systematic electronic files in central database.

Qualifications:

Bachelor's degree in accounting, business, finance, or related field (Required)

Industry/Accounting Experience: Commercial Real Estate: 3+ years (required); Real Estate development: 3+ years (preferred); Property Management: 3+ years (preferred); Affordable Multi-family housing properties (preferred)

Requirements:

  • Detail-oriented self-starter with strong organizational skills

  • Ability to handle overlapping deadlines and assignments

  • Strong interpersonal skills

  • Proficient with Yardi, QuickBooks, Microsoft Office products including Teams, Excel, Word and PowerPoint.

  • Able and willing to take commercial airline flights within contiguous US states


Position is suitable for remote location.