Apply on Employer Site

CDS Life Transitions · 3 days ago

Asset Manager

Webster, NY, US

Full-time

Onsite

Senior Level

$70K/yr - $90K/yr

5+ years exp

Prime Care Coordination is seeking an Asset Manager responsible for maximizing value and ensuring the efficiency of operations of all CDS Housing properties. The role involves collaborating with third-party property management partners, monitoring financial performance, and ensuring compliance with regulations.

Health CareNon ProfitSocial

Responsibilities

Ensure properties in operation are effectively managed and maintained by third-party management agents

Monitor operations of the portfolio, analyzing relevant data to identify anomalies or inefficiencies. When issues are identified, work with property management to take corrective action and notify senior staff as appropriate

Review annual, quarterly, and monthly reports (financial, agency, and investors) and provide guidance to property management to improve financial performance

Analyze and evaluate monthly and/or quarterly financial statements. Write clear and concise owner’s reports summarizing findings for management

Analyze operational data to identify trends and recommend appropriate strategies and adjustments to promote strong financial returns and long-term viability for each property

Visit property sites and participate in site audits as requested

Ensure escrow accounts are fully funded and all tax payments are correctly calculated and paid timely. Monitor reserve balances for appropriate funding levels

Ensure compliance with all federal, state, and local government regulations, codes, laws, and those of HUD, DHCR, HFA, USDA, or other governing agencies

Maintain organized and updated property files on the internal shared drive

Review and approve all rent increase documentation for submission to regulatory agencies

Ensure management agent maintains full compliance of all files and maintenance according to regulations

Obtain copies of annual owner certifications and CDS inspection reports to confirm building compliance

Gather all new contracts annually for properties in operation

Ensure timely communication with owners and supervisors regarding all phases of property operation and significant changes or problems

Review management plans and agreements and amend/update as appropriate

Act as the lead representative for all lease-up activities (AFMHP, rent-up meetings, etc.)

Prepare summary reports for property dispositions

Work with insurance agents to ensure all property and vendor insurances are accurate; analyze insurance policies and suggest additions or changes

Receive incident reports and keep track of claims in process

Maintain electronic copies of policies and insurance certificates; ensure management agent receives updated certifications annually

Track all fixed assets at all locations

Work with the development team to conduct financial feasibility analyses and participate in the development of project development and operating budgets

Assist with financial tasks for projects in development (e.g., construction draws), when necessary

Perform all other duties relevant to the position as assigned by supervisor

Qualification

Property ManagementFinancial AnalysisBudget DevelopmentCompliance KnowledgeInterpersonal SkillsComputer SkillsReal Estate LicenseCommunication SkillsDetail OrientedProblem Solving

Required

Bachelor's degree required

5+ years' experience in affordable housing property management, or a related field

Strong working knowledge of all facets of property and asset management (including, but not limited to, compliance guidelines and sound financial practices)

Valid NYS driver's license required

Ability to work independently and problem-solve

Ability to communicate effectively, both orally and in writing

Detail oriented with the ability to manage multiple priorities without sacrificing work quality

Interpersonal and relationship building skills

Strong computer skills, including Excel, Word, Power Point

Must be able to travel periodically, including overnight travel if applicable, to job sites or meetings