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Tredway · 1 month ago

Asset Management & Property Operations

DFW Metroplex

Full-time

Onsite

Mid, Senior Level

3+ years exp

Tredway is a leader in the affordable housing industry, dedicated to investing in and developing properties that provide quality housing solutions. The Associate / Vice President of Asset Management & Operations will oversee the company's Texas portfolio, supporting strategic decision-making through financial analysis and coordination with property management and development teams to ensure asset performance aligns with business objectives and regulatory requirements.

FinanceProperty DevelopmentReal EstateReal Estate InvestmentSocial Impact

Responsibilities

Monitor and analyze operational, financial, and business plan performance by reviewing rent rolls, financial statements, budget variances, and reports surrounding leasing, collections, legal, and violations

Monitor key performance indicators (NOI, occupancy, DSCR, capital reserves, etc.) and proactively develop strategies to manage expenses and optimize value

Prepare and ensure timely delivery of reporting and analysis to partners, lenders, and external stakeholders

Maintain asset management reporting and internal trackers, evaluating and presenting property-level and business plan performance to leadership

Collaborate with operating and joint-venture partners on respective responsibilities

Conduct regular site visits and manage third party property managers and site staff on day-to-day operations while evaluating operations and maintenance needs

Help oversee the initial capital renovation plan for the portfolio and identify future property capital needs and sources of funding

Prepare construction and operational requisitions, track and manage reserve requests

Develop, implement, and monitor operational procedures and best practices to improve property performance

Collaborate with finance and accounting teams to ensure accurate financial reporting and budgeting

Ensure compliance with various affordable housing programs and regulatory requirements

Coordinate with Property Managers to respond to agency audits, inspections (NSPIRE), and investor or lender reviews

Support implementation of initiatives and strategies across Tredway’s diverse portfolio of affordable housing assets that benefit from Project Based Section 8, other forms of project-based and tenant voucher rental subsidy, LIHTC, and/or other forms of federal, state, or local subsidy

Support refinancing, recapitalization, and disposition strategies

Collaborate with development and acquisitions teams on underwriting, deal structuring, and portfolio growth initiatives

Stay informed on material changes to national and local affordable housing trends and policies to assist in strategic decision making

Qualification

Affordable housing asset managementFinancial analysisMicrosoft ExcelLIHTC familiarityReal estate management platformsVendor managementBuilding systems understandingCommunication skillsOrganizational skills

Required

Bachelor's degree in Real Estate, Finance, Economics, Urban Planning, or related field

3+ years of experience in affordable housing asset management, real estate finance, or property operations

Ability to analyze complex financial documents, including income statements, budgets, rent rolls, audit reports, and capital reserve plans

Advanced Microsoft Excel skills, including developing and managing tools to track asset performance and create custom reporting dashboards

Familiarity with real estate management platforms like Yardi, RealPage, or similar systems

Understanding of building systems and vendor management

Strong organizational and communication capabilities, with the aptitude to distill detailed information and clearly convey insights to both internal teams and external partners

Highly driven and meticulous, with the ability to balance multiple tasks effectively in a dynamic, purpose-oriented workplace