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King County Housing Authority · 15 hours ago

Asset Manager

Tukwila, WA

Full-time

Hybrid

Mid Level

$105K/yr - $154K/yr

King County Housing Authority (KCHA) is a high performing nationally recognized leader in affordable housing. The Asset Manager will oversee a portfolio of tax credit and/or bond-financed affordable housing properties, ensuring financial performance, physical maintenance, and compliance with various requirements.

Non ProfitReal EstateRental

Responsibilities

Analyze the overall financial performance of affordable housing portfolios; develop and track property budgets and financial statements; create financial forecasts and evaluate actual performance versus projections on monthly, quarterly, and annual bases; complete regular and special reports as required including spreadsheets demonstrating portfolio analysis and cash flow projections

Direct property management companies to ensure compliance with partnership agreements, financing covenants and other legal and operational requirements; serve as a representative of the Authority to ensure portfolios adhere to the organization’s mission, policies, and initiatives; oversee cash flow operations to ensure projected incomes/losses are realized by the Authority and/or investors

Manage obligations pertaining to the organization's role as general partner as mandated in tax credit limited partnership agreements; complete partnership audited financial statements and tax returns (K-1’s) and other general partner responsibilities; assist with tax-credit partnership exits as needed

Monitor and complete mandatory compliance reporting for local, State, and Federal agencies, bond and tax credit programs, additional funders, lenders, and limited partnerships

Inspect properties to ensure physical integrity, market competitiveness and desired street appeal; attend monthly property meetings; function as liaison and advisor to property management; make recommendations for needed improvements; determine plans for feasible implementation of improvements

Participate in cash management efforts, such as monthly operational funding, wire transfer authorization, replacement reserve and debt service funding, distribution of annual excess revenues and cash

Respond to tenant and/or building emergencies as needed; report emergency situations according to established procedure; address resident related complaints

Develop capital reserve for replacement schedules and coordinate the scheduling of capital improvement projects with the capital construction team

Make recommendations and implements procedures for improving internal operational efficiency; undertake special projects, such as sustainability initiatives or security enhancement measures

Attend professional development seminars and/or workshops to stay abreast of new regulations and legal guidelines related to tax credit compliance and other work-related issues

Qualification

Financial analysisProperty managementAccounting principlesGAAP knowledgeMicrosoft Office proficiencyCommunication skillsProblem-solving skillsTeam collaborationAdaptability

Required

Bachelor's Degree in accounting, business administration, finance or closely related field AND

Considerable experience in accounting, finance, property management, real estate management, or real estate development OR

An equivalent combination of experience and education that provides the necessary knowledge, skills, and abilities to perform the essential functions of this position

Demonstrates knowledge of applicable federal, state regulations, and policies and procedures, with the ability to interpret and apply

Practical accounting experience and knowledge of GAAP with ability to apply relevant skills

Ability to explain complex or technical information regarding rules, rights, regulations, policies, procedures, programs, or services to answer questions, resolve problems, communicate decisions or actions

Understands technical aspects of the position and continuously builds knowledge, keeping up-to-date on the technical or procedural aspects of the position

Proficiency using Microsoft Office programs including Outlook, Word, Excel and other analytical software programs

Uses critical, creative, and reflective thinking skills to identify problems, analyze and evaluate various solutions, implement solutions, and monitor their effectiveness; ability to analyze data and resolve problems; sees opportunities for creative problem solving while staying within the parameters of good practice; generates unique but workable and useful solutions to difficult problems

Clearly and effectively communicates both verbally and in writing by actively listening and sharing relevant information

Establishes and nurtures relationships with stakeholders, regularly inviting feedback and suggestions; works cooperatively with others as an active member of a team

Accompany stakeholders on site visits; travel to and between assigned properties on an average of a weekly basis. Frequency is dependent on business needs

Effectively organizes multiple assignments, sometimes of a complex nature or involving competing priorities, to produce work products that are accurate, thorough and on time

Adapts to changing business needs, conditions, and work responsibilities; responds positively to change, embracing and using new practices or values

Consent to and pass required assessments

Consent to and pass a driver's and criminal records background check

Must possess a valid driver's license and own or have access to a vehicle to regularly travel between work sites, or have an alternative reliable mode of transportation