JOB DESCRIPTION: Senior Asset Manager
POSTING DATE: 12/11/2017
CLOSING DATE: Open until filled
REPORTS TO: Chief Financial Officer
HOURS: Full time
PAY RANGE: DOE
BENEFITS: Medical, Dental, Pension, and Life/Disability, Vacation and Paid Sick Leave.
The Low Income Housing Institute (LIHI) develops housing opportunities for people who are low-income and/or homeless, provides technical assistance to communities and other non-profits, and advocates for housing justice. LIHI is one of the most productive nonprofit housing organizations in the state and is regional nonprofit housing organization. The agency owns over 2,000 units in Seattle and the surrounding Puget Sound Region.
Duties and Responsibilities
The senior asset manager is responsible for ensuring that LIHI’s physical assets are well maintained, and works to maximize social and financial returns.
- Ensure portfolio meets owner physical quality standard, and ensure long-term physical health of the portfolio.
- Reposition properties using RAD conversion tools, additional budget authority that might be available, etc.
- Monitor energy usage of properties, identify resources for energy audits and retrofits, and work with property staff to maximize savings to the agency. Pursue and apply for energy grants.
- Participate in property workouts.
- Understand compliance issues facing all properties; work with housing management and finance staff to ensure that obligations are met and regulations are adhered to.
- Review and assess capital needs at each building within the portfolio.
- Budget for capital needs at the buildings through a capital needs assessment.
- Provide regular reports to senior management on asset management activities.
- Advise development staff during design phase of new buildings to align design with LIHI’s asset management goals.
- Advise development staff on finishes, furniture and appliance purchases for new buildings.
- Develop or maintain asset management plans and capital needs assessments for properties.
- Participate in the budget process for all properties.
- Monitor cash flow from the properties, plan for adequate cash available for emergencies, track accumulated reserves.
- Conduct site inspections with housing management staff and ensure preparation for compliance inspections.
- Work with facilities staff on schedules for routine maintenance, as well as crisis-level responses for emergencies such as fire or flood.
- Monitor repairs and support insurance claim process when property damage or liability claims occur.
- Plan for capital improvement projects, including budgeting. Identify funding, work with site and/or development staff in securing bids, selecting contractor(s) to complete the work, managing the project and budget, and documenting the work completed.
- Identify contracted work needed and able to write a scope of work prior to soliciting bids.
- Prior experience with developing rehab scope of work, rehab budgets, overseeing rehab and repairs, managing contracts and vendors/contractors, project management, and inspecting completed work.
- Demonstrated knowledge of fair housing, real estate finance, property management, and real estate development.
- Excellent writer and verbal communicator.
- Self-motivated with effective interpersonal and collaborative working style.
- Excellent organizational skills and ability to prioritize work and meet deadlines.
- Effective supervisor who provides direct reports with guidance and feedback to build confidence and reach goals.
- Bachelor’s degree required; graduate degree in a related field preferred.
- Minimum of 5 years of asset management experience, or in a related field.
- Ability to comprehend and use informational documents including budgets, financial reports, occupancy reports, bids, contracts, HUD and tax credit manuals, industry publications, legal documents, and meeting minutes.
- Ability to stay informed of changes in policy, methods, operations, etc. as they apply to property and asset management operations and activities.
- Knowledge of MS Excel, Word, and Outlook required. Knowledge of property management or accounting software desired.
- Ability to work with and sensitivity to a diverse, low-income, multi-ethnic population.
- Sound judgment, excellent analytical and problem-solving skills.
- Valid WA state driver’s license, reliable vehicle, and valid auto insurance.
If interested in this position, please submit cover letter & resume to:
Low Income Housing Institute
2407 First Avenue
Seattle, WA 98121
NO PHONE CALLS, PLEASE
Closing Date: Open until filled
The Low Income Housing Institute is an equal opportunity employer. Qualified women and minorities are encouraged to apply.