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Cornerstone Residential · 1 month ago

Affordable Regional Vice President of Operations

Hybrid Remote

Full-time

Hybrid

Lead/Staff, Director/Executive

5+ years exp

Cornerstone Residential is a comprehensive property management company committed to providing exceptional service while maximizing revenue for our partners. The Regional Vice President of Operations is a strategic business leader responsible for the oversight, performance, and operational success of a portfolio of properties within a defined region, driving financial results and ensuring compliance with company standards.

Real Estate

Responsibilities

Lead, mentor, and develop Regional Managers and site-level teams to ensure alignment with company objectives

Implement operational strategies and initiatives that support the company’s growth and profitability goals

Foster a culture of accountability, collaboration, and continuous improvement

Ensure all regional teams adhere to corporate policies, operational procedures, and ethical standards

Oversee financial performance for assigned portfolio, ensuring achievement of NOI, occupancy, and expense control goals

Review and approve annual budgets, forecasts, and capital improvement plans for all managed assets

Analyze financial statements, variances, and performance indicators to identify trends and improvement opportunities

Approve expenditures within authorized limits and ensure fiscal discipline across all operations

Ensure consistent operational excellence across all communities, including maintenance standards, marketing, resident retention, and compliance

Conduct periodic property inspections and audits to ensure compliance with company standards and regulatory guidelines

Oversee and review maintenance operations, capital projects, and preventive maintenance programs

Ensure safety, curb appeal, and asset preservation meet or exceed company expectations

Maintain strong, proactive relationships with ownership groups and investors

Communicate performance updates, financial outcomes, and strategic recommendations regularly

Secure new management opportunities and assist in the development of proposals and presentations for potential clients

Collaborate with ownership on major capital expenditures, repositioning plans, or disposition strategies

Recruit, train, and retain top-performing regional and property management professionals

Oversee performance evaluations, promotions, and professional development plans for regional team members

Partner with Human Resources to address employee relations, staffing, and compliance matters

Promote a culture of integrity, inclusion, and professional growth throughout the region

Ensure adherence to all federal, state, and local housing regulations, including LIHTC, HUD, and Fair Housing requirements

Review all required financial and operational reports for accuracy and timeliness

Maintain open communication with corporate departments, ensuring alignment and timely response to business needs

Oversee risk management initiatives, including insurance claims, safety compliance, and incident resolution

Evaluate market trends and competitive positioning for all communities within the region

Approve marketing strategies, pricing recommendations, and occupancy initiatives

Ensure consistent branding, customer service, and reputation management standards

Identify emerging market opportunities and risks to inform company strategy

Participate in company-wide initiatives, leadership meetings, and strategic planning sessions

Perform other duties as assigned to support corporate goals and operational success

Qualification

LIHTC experienceHUD experienceAffordable Housing AccreditationRealPage softwareFinancial acumenBilingual abilitiesCommunication skillsNegotiation skillsPresentation skillsLeadership skills