Volunteers of America National Services (VOANS) · 12 hours ago
Asset Manager
United States
Full-time
Remote
Entry, Mid Level
$84K/yr - $92K/yr
2+ years expVolunteers of America National Services (VOANS) is seeking an Asset Manager to represent owner and sponsor interests across their housing portfolio. The role is critical in ensuring properties operate at optimal performance while complying with financial and regulatory requirements.
Non-profit Organization Management
Responsibilities
Gather, evaluate, interpret and report on the operational performance and condition of assigned real estate assets. Provide analysis, conclusions and recommendations regarding specific properties assigned as well as entire real estate portfolio
Assure timely submission of monthly/quarterly financial reports from management and accounting entities. Review reports and assess actual performance to approved budget and original underwriting assumptions
Obtain further information and clarification, as needed from management entities
Coordinate timely submission of annual operating and capital budgets from properties assigned; review for completeness, accuracy and conformance to performance goals, assuring that adequate funding sources have been identified to accomplish any capital needs to be undertaken
Assure timely submission of audited financial statements. Review and analyze statements; report on any findings or performance issues that require action; conduct follow-up as necessary with auditor or entity and track resolution of issues. Track and compare data from year to year, identifying trends or issues that require action
Order market studies, capital needs assessments, engineering studies, or other professional reports as required for assigned portfolio; develop implementation plans for any subsequent actions indicated by such professional studies
Track compliance with all loan and program regulatory requirements; institute remedial actions as required to correct non-compliance
Track adequacy of required reserves and escrow accounts
Develop and submit investor reports as required
Ensure tax filings and exemption requests are made on a timely basis
Present financial reports, analyses, forecasts, and recommendations for action as required to senior staff or affiliate offices. Make presentations to pubic as requested
Provide input, analysis and recommendations on proposed projects to Real Estate Development, and assist in transition process from construction to operations
Present financial reports, analyses, forecasts, and recommendations for action to the senior housing, Volunteers of America National Services local offices
Conduct on-site inspections of assets to evaluate physical condition, effectiveness of management operations, regulatory compliance, external effects on property and market position. Report on findings and conclusions; direct corrective measures to be accomplished and recommend changes or improvements needed
Identify assets that require intervention, changes in management, workouts, refinancing or disposition and develop plans to carry out such actions
Maintain the system to track financial and operational performance of each asset, working with accounting and management to create key indicators
Maintain the system for tracking and reviewing annual audited statements to ensure tracking and mitigation of audit findings and adjustments
Maintain a system that captures and tracks significant debt/investor equity terms, covenants and compliance with same, and ensures that reporting to lenders/investors occurs in compliance with their requirements
Ensure that the asset management system captures relevant tax information for each corporation and that filings/exemptions are made on a timely basis
Ensure that the system includes current information relating to corporate boards and officers
Provide staff support to Committees and Boards, as directed
Provide assistance or guidance to Administrative support staff and local affiliate offices, as needed
Perform due diligence for properties to be acquired (whether rehab or new construction) to ensure a high likelihood of success
Interface with Lenders and Regulators as directed
Qualification
Required
A minimum Bachelor's degree from an accredited institution is preferred. Acceptable majors include Business, Architecture, Engineering or Finance
A graduate degree in Planning, Real Estate Development, Finance, or Business is also desired
A minimum of two (2) years experience in Real Estate Finance, Property Management, Real Estate Development, or Construction Management
Experience skilled property management, financial analysis, insurance/risk management, accounting, valuation of income-producing real estate, capital markets, tax management, customer/client/regulator relations, code and law
Specific knowledge of HUD housing programs, tax credit programs and tax exempt bonds
Interpersonal skills necessary to effectively delegate, manage and motivate other employees and outside contacts in relation with housing development
Ability to travel occasionally
Benefits
403(b) Retirement Plan
Career scholarships;
Continuing career education and leadership programs;
Medical, Dental and Vision Insurance
Paid Time Off (Vacation, Holiday & Sick Days)
NetSpend – Get paid early: Tap into 50% of your earnings before payday
Company
Volunteers of America National Services (VOANS)
Volunteers of America National Services serves at the Housing and Healthcare affiliate of the Volunteers of America parent organization.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
David Nisivoccia
Executive Vice President and Chief Operating Officer
Lindsey O'Connell
Talent Acquisition Partner
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