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Asset Manager


Come make a difference!
This is a remote position with desired employee located in either Ohio, Kentucky, or Indiana
Since 1896, Volunteers of America s ministry of service has supported and empowered America's most vulnerable populations and is one of the nation s largest human services organizations and nonprofit providers of quality, affordable housing for low and moderate-income households.
Volunteers of America is seeking an accomplished Asset Manager to represent the owner/sponsor interests in all housing properties sponsored/co-sponsored by Volunteers of America. The objective of this position is to ensure that housing properties owned by Volunteers of America are performing at optimal levels (including financial, physical plant and operating systems) and in compliance with financial covenants, regulatory requirements and other reporting and filing requirements as imposed from time to time.
Essential Functions, Duties & Responsibilities
Reporting
  • Gather, evaluate, interpret and report on the operational performance and condition of assigned real estate assets. Provide analysis, conclusions and recommendations regarding specific properties assigned as well as entire real estate portfolio, as required.
  • Assure timely submission of monthly/quarterly/annual financial reports from management and accounting entities. Review reports and assess actual performance to approved budget and original underwriting assumptions. Obtain further information and clarification, as needed from management entities.
  • Coordinate timely submission of annual operating and capital budgets from properties assigned; review for completeness, accuracy and conformance to performance goals, assuring that adequate funding sources have been identified to accomplish any capital needs to be undertaken.
  • Assure timely submission of audited financial statements. Review and analyze statements; report on any findings or performance issues that require action; conduct follow-up as necessary with auditor or entity and track resolution of issues. Track and compare data from year to year, identifying trends or issues that require action. Order market studies, capital needs assessments, engineering studies, or other professional reports as required for assigned portfolio; develop implementation plans for any subsequent actions indicated by such professional studies.
  • Track compliance with all loan and program regulatory requirements; institute remedial actions as required to correct non-compliance.
  • Track adequacy of required reserves and escrow accounts.
  • Develop and submit investor reports as required.
  • Ensure tax filings and exemption requests are made on a timely basis.
  • Present financial reports, analyses, forecasts, and recommendations for action as required to senior staff or affiliate offices. Make presentations to pubic as requested.
  • Provide input, analysis and recommendations on proposed projects to Real Estate Development, and assist in transition process from construction to operations.
  • Present financial reports, analyses, forecasts, and recommendations for action to the senior housing, Volunteers of America local offices.
Maintaining Assets
  • Conduct on-site inspections of assets to evaluate physical condition, effectiveness of management operations, regulatory compliance, external effects on property and market position. Report on findings and conclusions; direct corrective measures to be accomplished and recommend changes or improvements needed.
  • Identify assets that require intervention, changes in management, workouts, refinancing or disposition and develop plans to carry out such actions.
  • Maintain the system to track financial and operational performance of each asset, working with accounting and management to create key indicators.
  • Maintain the system for tracking and reviewing annual audited statements to ensure tracking and mitigation of audit findings and adjustments.
  • Maintain a system that captures and tracks significant debt/investor equity terms and covenants and compliance with same, and ensures that reporting to lenders/investors occurs in compliance with their requirements.
  • Ensure that the asset management system captures relevant tax information for each corporation and that filings/exemptions are made on a timely basis.
  • Ensure that the system includes current information relating to corporate boards and officers.
Liaison/Support
  • Provide staff support to Committees and Boards, as directed.
  • Provide assistance or guidance to Administrative support staff and local affiliate offices, as needed.
  • Perform due diligence for properties to be acquired (whether rehab or new construction) to ensure a high likelihood of success
  • Interface with Lenders and Regulators as directed
Other duties as assigned.
Knowledge, Skills and Abilities
  • A minimum Bachelor s degree from an accredited institution or a combination of relevant work experience and education is required. Acceptable majors include Business, Architecture, Engineering, or Finance. A graduate degree in Planning, Real Estate Development, Finance, or Business is desired.
  • A minimum of 5 years experience in Real Estate Finance, Property Management, Real Estate Development, or Construction Management.
  • Experience skilled property management, financial analysis, insurance/risk management, accounting, valuation of income-producing real estate, capital markets, tax management, customer/client/regulator relations, code and law.
  • Specific knowledge of HUD housing programs, tax credit programs and tax exempt bonds.
  • Interpersonal skills necessary to effectively delegate, manage and motivate other employees and outside contacts in relation with housing development.
  • Good vendor management skills, including negotiating skills and ability to influence as needed.
  • Good interpersonal skills to work with others. Ability to communicate clearly both in writing and verbally. Capable of developing communications, trainings, and presentations. Able to present or train individuals or large groups in a variety of methods.
  • Sound and accurate judgment with an ability to support and explain reasoning for decisions. Includes appropriate people in decision-making process; and ensure timely decisions are made.
  • Microsoft Office including Outlook, Word, Excel and Access.
  • Ability to work flexible hours. Ability to travel is required.
Salary is commensurate with experience, as well as a comprehensive benefits package which includes health, dental, vision, retirement, etc.
EEO/AA Employer/Vet/Disabled
To apply visit our web site at:
http://www. voa. org/careers
. To contact someone in HR directly FOR QUESTIONS ONLY, please email us at
CareerAssistance@voa. org
. Resumes/applications will only be accepted by applying online to the position.
This is a remote position with desired employee located in
either Ohio, Kentucky, or Indiana


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