Associate Director of Asset Management
Company: East Bay Asian Local Development Corporation
Location: Oakland
Posted on: March 17, 2023
Job Description:
Emphasizing our historic and continuing commitment to Asian and
Pacific Islander communities, the -East Bay Asian Local Development
Corporation (EBALDC) -works with and for all the diverse
populations of the East Bay to build healthy, vibrant and safe
neighborhoods through community development. -EBALDC -is a
first-generation social enterprise founded in 1975 that has
consistently generated > 75% of our revenue from earned income.
Our businesses and programs generate revenue to support sustained
social impact. We oversee a diverse range of businesses and
programs, including real estate development, property management,
social services, and professional services, some of which are
corporate operations and others are operated as subsidiaries and
through partnerships with public and private partners. -EBALDC -is
dedicated to building a culturally diverse and pluralistic
organization committed to working in multicultural communities, and
strongly encourages minorities, people of color and women to apply
for our employment opportunities. EBALDC is an equal opportunity
employer and makes employment decisions on the basis of merit,
including the applicant's ability to champion EBALDC mission,
values and organizational culture. EBALDC wants to have the best
available persons in every job. EBALDC policy prohibits unlawful
discrimination on any basis protected by federal, state or local
law or ordinance or regulation. -For more about -our
accomplishments -and -our mission, please visit: - - -East Bay
Asian Local Development Corporation (EBALDC) -is seeking for a
full-time -Associate Director of Asset Management -at the main
office in Oakland, CA. -Summary:The Associate Director of Asset
Manager is responsible for monitoring the operational and financial
performance of EBALDC's portfolio, investor, and lender compliance,
and assist the Director of Asset Management in the refinancing and
rehabilitation necessary to preserve EBALDC's portfolio. -The Asset
Manager works closely with -the Director of Asset Management -to
identify and implement long-term strategies to improve property
performance to meet organizational objectives. - -Key Duties and
Responsibilities:
- Monitor the current and long-term financial status of
properties by reviewing budget variance reports and audited
financial statements, and by preparing long-term operating cash
flow projections
- Propose solutions to structural deficits and propose
disposition of annual surplus/deficits for assigned portfolio
- With the Director of Asset Management, develop workout plans
for properties that are not performing to standards
- Responsible for third party property management relationships
and monitoring the performance of the properties they manage
- Work closely with property management to maximize performance
of the portfolio
- Review and monitor capital accounts, reserve accounts, and
losses in EBALDC property portfolio to prioritize capital
improvements and develop back-end buyout strategies
- Participate in annual property budget processes to compare the
budgets to the original development projections and to ensure rents
are increased in compliance with our regulatory agreements
- Work with Real Estate Development staff to create initial
operating budgets and project designs that achieve Asset Management
goals of long-term financial stability, cost efficiency, and
well-maintained physical plants. - Compare proformas to budgeted
rent schedules and actual operating budgets for similar EBALDC
buildings
- Lead Asset Management staff in determining capital needs in
coordination with Property Management Department; secure adequate,
timely and appropriate financing to meet needs
- Financial reporting analysis, interpretation,
recommendations
- Other assignments and duties as assigned -Required Knowledge,
Skills & Abilities:
- Capability to analyze complex problems, problem solve, and
exercise good judgement
- Strong quantitative analysis skills
- Excellent writing and communication skills
- Strong attention to detail
- Ability to exercise independent judgment appropriate to the
position
- Excellent time management skills and ability to set
priorities
- Ability to work collaboratively with people in other
departments and skill levels
- Dependability, initiative, and follow-through
- Ability to work effectively with development professionals and
public officials
- Ability to work with, and sensitivity to, a diverse,
low-income, multi-ethnic population -Minimum Qualifications:
- Bachelor's Degree in accounting, finance, business
administration, or related field
- Ability to prepare financial feasibility analyses, conduct
research, and prepare narrative reports and proposals
- Strong experience in affordable housing and/or multi-family
residential real estate finance preferred
- Familiarity with partnership agreements, financing documents,
regulatory agreements, tax returns and other property
documents
- Two years' experience or advanced degree in related academic
field, in one or more of the following:
- asset management
- residential or commercial property management
- financial management
- housing development
- full-charge accounting
- internal auditing
- contract administration
- Intermediate knowledge of MS Word and MS Excel
- Two years' experience in quantitative analysis.
- Experience with or strong interest in non-profit organizations
-Preferred Qualifications:
- Graduate degree in urban planning, accounting, finance,
business administration, or related field
- Familiarity and effectiveness with the fiscal,
physical/maintenance, regulatory, and tenant relations aspects of
property management
- Competency in Yardi (or similar), Microsoft Office 365,
SharePoint, Salesforce preferred
- Training and experience in HUD and Tax Credit programs
- CPM, NAHP, CHAM or other certification related to housing
development, property, or asset management -Salary
Range:$115,000.00 - $125,000.00 annually -Benefits and Other
Information:EBALDC offers excellent benefit. - EBALDC pays 100% of
employee premiums and 60% of dependent premiums for Medical,
Dental, Vision, LTD and Life, EAP, Retirement, Paid Time Off, CA
Paid Sick Leave, Holidays and Wellness Days off for all eligible
employees. -**All candidates will be subject to a background check
and COVID-19 Vaccination is required as a condition of employment**
-Please NO PHONE CALLS! -EBALDC is an EOE/AA Employer - -Powered by
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Keywords: East Bay Asian Local Development Corporation, Oakland , Associate Director of Asset Management, Executive , Oakland, California
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