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April Housing · 2 days ago

VP, Asset Management - East

Washington, DC

Full-time

Onsite

Director/Executive

$180K/yr - $200K/yr

9+ years exp

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. The Vice President – Regional Asset Management will assist in implementing the strategic direction for their region and will be responsible for maximizing the operating performance and value of their assigned portfolio.

Property DevelopmentReal Estate

Responsibilities

Develop and implement asset management strategies aligned with the company’s mission and goals

Provide leadership and direction to property management teams, ensuring alignment with organizational objectives

Monitor and analyze financial performance of properties, including budgets, forecasts, and financial reports

Identify opportunities for revenue enhancement and cost reduction to maximize asset value

Reviewing monthly and year to date property and portfolio operating performance

Recommending methods to strategically improve portfolio performance to improve cash flow and increase value

Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating performance

Oversee a diverse portfolio of affordable housing properties, ensuring optimal occupancy levels and tenant satisfaction

Conduct regular property inspections and performance evaluations to assess operational efficiency

Schedule and evaluate periodic compliance reviews

Physically inspect each property within their portfolio with regular cadence

Prepare periodic property management company reviews based on asset performance and in-person talent evaluations

Ensure compliance with federal, state, and local regulations, as well as company policies and procedures

Implement risk management strategies to mitigate potential liabilities

Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio

Build and maintain strong relationships with key stakeholders, including, Blackstone, investors, government agencies, and community organizations

Represent the company at industry events and forums to promote its mission and objectives

Maintain effective lines of communication with all partners, management companies, and internal departments

Mentor and develop property management teams, fostering a culture of excellence and accountability

Conduct performance evaluations and provide ongoing training and support

Coach, mentor, train and manage a team of AVPs, AMs and analysts

Prepare and present regular reports on portfolio performance to senior management and the board of directors

Utilize data analytics to drive decision-making and improve operational performance

Qualification

Real Estate ExperienceFinancial AcumenMicrosoft Excel ProficiencyAsset Management StrategiesLeadership AbilityDevelopmentStakeholder EngagementRisk ManagementData AnalyticsCommunication SkillsMentoring

Required

Bachelor's Degree – preferably in Real Estate or Finance

9+ years of real estate experience, with a preference for multifamily asset or portfolio management

Microsoft Excel proficiency required

Financial acumen

Strong communication skills

Leadership ability

Personal commitment to making a positive difference in affordable housing

Communicates Effectively: Communicates with direction and inspiration. Consolidates facts and opinions to deliver compelling messages to teams. Considers various points of view and collaborates with peers and partner departments to deliver results

Drives Results: Plans workstreams in line with standards set by leadership and follows up to ensure teams are delivering to standards set. Stays abreast of current results vis a vis targets and moves team forward actively to deliver on targets. Relies on data and analytics to determine options for enhancing results

Plans and Aligns: Takes key organizational initiatives and develops detailed plans optimizing resources and time to deliver upon them. Considers budget, personnel and timing implications when delivering upon plans. Ensure all team members required have a common plan and the resources, tools and processes to ensure deliverables are met

Manages Ambiguity: Can comfortably manage teams through 'the gray' providing guidance and indicating when a pivot is necessary. Ensures the team moves forward seamlessly even when a change of course is required. Details what is required when working with ambiguity and keeps the team focused in these times

Develops Talent/Professional Development: Helps establish development plans for all critical talent. Is active in providing feedback of all types so that teams can become optimized, including eliminating talent that is consistently underperforming and securing, rewarding and promoting talent that is high performing and high potential

Resilient: Works with the team to encourage strong performance and morale even when results are lacking. Inspires others to keep moving forward with purpose and belief in executing the strategic plan. Celebrates successes and encourages when things don't go as planned