Ginosko Development Company · 1 month ago
Vice President – Asset Management
Novi, MI
Full-time
Onsite
Director/Executive
7+ years expGinosko Development Company is seeking a Vice President of Asset Management to lead their Asset Management Department. The role involves overseeing a multi-state portfolio of affordable and market-rate housing projects, ensuring property performance through strategic oversight, financial analysis, and regulatory compliance.
ConstructionProperty DevelopmentReal EstateResidential
Responsibilities
Manage real estate portfolio assets
Coordinate all aspects of asset management for multi-state portfolio of Section 8, LIHTC, mixed-income and market rate housing including both multi-family and senior housing
Develop and maintain database of property operations for benchmarking, performance evaluation, and acquisition underwriting
In conjunction with property management firms, develop annual operating budget for each property
Monitor key financial assets of each project, including all reserve and cash accounts
Identify opportunities to increase net operating income and generate ancillary revenue
Oversee capital needs assessments, green retrofits, and energy tracking systems
Identify and implement improvements to risk management policies and procedures to reduce insurance risks; monitor insurance incidents and claims
Recommend refinancing and restructuring strategies as needed
Negotiate and administer management agreements
Monitor property management company performance and ensure alignment with goals
Oversee lease-up, maintenance, rent collection, and vendor contracts
Coordinate tenant engagement and develop/ oversee programs that enhance social, health, and wellness initiatives
Plan, develop and implement procedures to ensure compliance with all contractual, regulatory, financing, subsidy, and statutory requirements
Oversee timely completion of financial and compliance reporting
Respond to violations and coordinate inspections (REAC, internal, agency, etc.)
Maintain complete documentation for all properties
Provide feedback on project design, scope, rental subsidy programs and financing for projects in development
Develop pro forma operating budgets for projects in development
Assist in purchase/sale of properties
Conduct asset valuations and other general analysis functions
Qualification
Required
7-10 years' experience in affordable housing, real estate asset management or property management capacity. Proven leadership in asset management for affordable housing portfolios
Deep knowledge of LIHTC, Section 8, RAD, and other housing programs
Strong financial acumen and ability to prepare financial analyses-including pro formas, income statements, operating budgets, variance reports, and other evaluations of low‑income housing and real estate developments
Ability to read, analyze, and interpret reports, technical procedures, real estate financing documents and contracts, and governmental regulations
Ability to provide feedback on materials and design that are most cost effective from a property management standpoint
Excellent communication and negotiation skills
Ability to travel for site inspections and portfolio oversight
Preferred
Bachelor's degree in finance, accounting or related field preferred
CHAM certification and Real Estate License preferred
Company
Ginosko Development Company
Ginosko Development Company specializes in residential housing development, construction, ownership, and management.
2-10 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase