ASSET MANAGER
$80,000–$95,000 year
On-site · Los Angeles, California, United States
Job Summary
Asset Manager in ACOF’s Asset Management Department responsible for overseeing a portfolio of Affordable Housing developments, including management of property management agreements, regulatory requirements, budget development and financial performance, and compliance reporting. Duties include oversight of operating budgets, financial statement reviews, lender/investor reporting, and program compliance; conducting periodic property inspections; collaborating with housing, finance, and property management staff to implement workout plans for performance concerns; assisting with Partnership Reporting, Workouts, and Year 15 exit strategies; communicating with property management agents to align housing objectives with budgets, lease-ups, maintenance, rent collections, and agency mission; coordinating with the CFO on annual audits, and forecasting operating performance and capital needs. Preferred qualifications include an MBA or advanced degree and additional experience in budgeting, compliance, and financial reporting in a non-profit setting.
Required Qualifications
- Two to three years’ experience in multifamily real estate development or management with background in affordable housing
- Bachelor’s degree from an accredited college or university in accounting, finance or related field
- Minimum six years work experience may be substituted for college degree
- Minimum three years of experience working with LIHTC
- Possession of a valid California driver’s license
- Access to a personal vehicle to be used to conduct ACOF business
- Ability to meet California minimum and ACOF insurance requirements
- Familiarity with MS Office Suite
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