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Burbank Housing · 5 days ago

Asset Manager

1425 CORPORATE CENTER PARKWAY - Santa Rosa, CA 95407

Full-time

Onsite

Mid, Senior Level

$95K/yr - $100K/yr

3+ years exp

Burbank Housing is focused on managing a strategic asset management plan for their real estate portfolio. The Asset Manager will oversee financial performance, ensure compliance with regulatory requirements, and support new development and buyout activities.

Civil EngineeringCommunitiesConstruction

Responsibilities

Oversees the financial performance and stability of assigned properties by reviewing operating statements, budgets, audits, and forecasts

Prepares financial analyses and reports on reserves, cash flow, and key performance indicator metrics; approves operating and capital budgets; and serves as the primary financial liaison with lenders, investors, and public agencies throughout property operations

Provide comprehensive oversight of a real estate portfolio by reviewing preventive maintenance schedules, identifying operational, maintenance, and safety needs, and coordinating third-party physical needs assessments

Develop and update capital replacement plans in collaboration with the Facilities Team

Conduct annual property inspections and ensure timely filing of welfare exemptions

Support compliance with lenders, investors, and regulatory requirements, particularly for Burbank properties

Organize and maintain project documentation and maintain up-to-date summaries of funder and investor requirements across the portfolio

Support new development, recapitalization, and buyout activities by serving as a liaison between Housing Operations, Finance, and Real Estate Development throughout pre-development, development, and lease-up

Review and provide input on asset management–related documents, including loan, partnership, and regulatory agreements

Monitor investor capital accounts and develop and maintain year-15 buyout plans for the portfolio

Manage refinancing processes and provide strategic recommendations to executive leadership regarding property repositioning, refinancing, and resyndication opportunities

Manage annual insurance renewals for existing properties, new developments, and corporate entities, and serve as a liaison on property-related insurance incidents

Participate in companywide risk management by identifying and mitigating risks across the real estate portfolio

Serve as the primary point of contact for property management contracts and collaborate with the Housing Operations team on capital improvement projects for existing sites as needed

Qualification

Financial analysisProperty managementReal estate developmentExcel proficiencyYardi VoyagerCommunication skillsTime managementProblem-solving

Required

Commitment & enthusiasm towards achieving Burbank Housing's Mission and Vision Statements

Ability to work cooperatively and effectively with a diverse group of people and ability to counsel and motivate employees

Strong oral and written communication skills

Strong time management skills, including the ability to manage multiple projects simultaneously to achieve specific goals in a timely fashion

Deep working knowledge of Excel as a financial analysis tool, and Word as an effective communication tool

Comprehensive understanding of and ability to review and analyze property financial statements

Ability to quickly develop proficiency in property management and accounting software such as Yardi Voyager and related software applications as needed

BA degree with major in finance, business administration or related field required

Ability to read, interpret, and analyze relevant information; write reports and business correspondence; and to effectively present information and respond to questions from groups and individuals

Complete competence in college level mathematics, including the ability to conceptualize and analyze financial questions in mathematical terms

Ability to define problems, collect data, establish facts, and draw valid conclusions

Ability to interpret technical instructions in mathematical and diagram form

While performing the duties of this job, employee is regularly required to walk; sit; use hands to handle objects/operate keyboards, tools or controls; reach with hands and arms; (both above the shoulders and below the waist) lift up to 20 pounds stoop; kneel and crouch; talk and hear

Preferred

Three (3) to five (5) years plus of combined experience in affordable housing property management, multi-unit rental housing development and management, lending, asset management, and/or real estate development highly preferred, with extensive exposure to analyzing real estate development pro-formas, and preparing and reviewing property operating budgets