Senior Asset Manager

Job Description

Job Description

Orlando Neighborhood Improvement Corporation (ONIC) seeks strategic, results-oriented professional to serve as its next full-time Senior Asset Manager .

The Senior Asset Manager is responsible for the oversight and management of the operating real estate portfolio owned and operated by ONIC, its affiliates, and its partnerships. The ideal candidate will have a deep understanding of the affordable housing market, strong financial acumen, and a proven track record in asset management. ONIC’s existing portfolio, which includes 11 properties and 1,359 units, serves an essential role in providing affordable housing in an increasingly competitive market. By executing its focused asset management strategy, ONIC will ensure that these properties continue to serve as vital housing resources for low-to-moderate income residents.

RESPONSIBILITIES INCLUDE:

• Oversee and manage a diverse portfolio of affordable housing assets, including oversight of the financial and physical condition of the properties, budgets, cash management, and long-term planning. Conduct site walks regularly.
• Evaluate and manage property management performance. Bid out property management contracts periodically.
• Monitor all debt and equity financing requirements, including HUD and Section 42 LIHTC compliance.
• Identify and manage refinancing and repositioning opportunities across the portfolio.
• Regularly review energy usage at properties and identify methods for improving energy efficiency.
• Develop and implement strategies to maximize asset value and minimize risk. Develop overall risk management strategies including insurance structuring, emergency preparedness, compliance and property management policies.
• Coordinate with internal and external stakeholders, including lenders, investors, regulatory agencies, and residents as necessary.
• Coordinate cross departmentally on mutual projects and concerns with other department team members and CFO as necessary.
• Negotiate agreements or secure bids for the approval of the CFO and/or CEO. Review bids presented by the property management companies and make recommendations for changes or approval to ONIC leadership.
• Prepare and present progress reports to the CFO, CEO, Board of Directors and Board Committees, as necessary. Work with any committees including the Finance and Development Committees, on strategic financial and management issues.
• Coordinate with resident services regarding the needs of residents and resident boards; ensure that resident programs are budgeted for, and that property management is assessed as needed.
• Manage and coordinate the work of project teams including architects, contractors, engineers and other consultants, with property managers to ensure adherence to project budget and schedule, cost containment, regulatory compliance and quality control.
• Oversee marketing and lease up programs for new properties in coordination with the real estate development team and CFO.

• Establish and maintain effective working relationships with owners, property managers, and accountants of the property management companies.

REQUIREMENTS AND SKILLS:

• Bachelor’s Degree from four-year College or university in business, real estate, management, finance, urban planning, public administration, property management, or asset management.
• Minimum of five (5) years of asset management experience, preferably with affordable multi-family housing.
• Proven skills in managing small-scale rehab and construction projects ranging from $5,000 to $500,000 preferred.
• Experience with federal, state, and local housing programs and funding sources, including Low-Income Housing Tax Credits, HOME and CDBG, a plus.
• Strong organizational and project management skills and ability to coordinate complex activities, manage conflicting demands, and meet deadlines.
• Ability to read and analyze real estate financial reports and budgets.
• Required computer skills: Microsoft Office Suite (especially Excel).

SALARY & BENEFITS:

The salary is commensurate with experience and is in the $90,000 range. Benefits include (12) paid holidays, accrued vacation, and sick time, (4) medical insurance options, dental and vision insurance, short and long-term disability, a 403b retirement plan and a health saving account option.

HOW TO APPLY:

To apply, click on the link for this position at . You will see instructions for uploading your compelling cover letter, resume, and salary requirements. Cover letters should be responsive to the mission of ONIC as well as the stated responsibilities and qualifications.