MDG Design & Construction · 22 hours ago
Asset Manager PACT
MDG Design and Construction is a company with over 30 years of experience in developing and building housing that fosters community pride and inclusivity. The Asset Manager will work with external property managers and internal staff to monitor the MDG portfolio of PACT projects, ensuring financial performance and compliance while maximizing cash flow and property value.
Responsibilities
Work with accounting staff to review financial performance of properties and obtain answers from property management to questions and review results with executives
Work with development staff on specific transaction such as year 15 dispositions or property sales
Review stabilized leasing activity, collections, and follow up with property managers to ensure completion
Review violations, compliance with regulations and proposed or recommended physical improvements and follow up with property managers to ensure completion
Coordinate with internal and external property managers to confirm budgets and procedures are being followed
Probe property managers to ensure sites are well maintained
Increase cash flow through analysis of financial reports prepared with the assistance of accounting staff and work with executives to identify strategies to increase property value
Liaise with property manager, syndicator, lender and relevant governmental agencies on all reporting requirements and requests to ensure that property managers are response and submitting regular reports as required
Track progress of construction timeline, participating in tracking relocation activities invoices and budgets as related to the development budget, environmental close out
Track financial stability of the project completion and stabilization requirements post construction
Participate in resident meetings and continue relationships with resident leaders at the various sites
Qualification
Required
Bachelor's degree required
3 years of real estate, with a specific focus on residential assets in the New York City metro area with an understanding of federal, state and city affordable housing programs
General understanding of affordable housing, property management, and construction
Desire to learn other aspects of affordable housing including underwriting, legal structures and compliance rules
Proficient in MS Office; Word, Excel, Outlook-Calendar
Must have outstanding verbal and written communication and outstanding customer service skills
Strong organizational, analytical problem solving and time management skills, combined with attention to detail
Self-Motivated and ability to prioritize tasks and projects with limited direction and time constraints and meet deadline
Ability to be resourceful and proactive in dealing with issues that may arise
Must be a good culture fit: Professional presence, open-minded, positive attitude and team player
Strong ability to work independently and proactively complete tasks without needing explicit instructions
Flexible with moving priorities and deadlines
Strong communication skills