Senior Asset Manager
Volunteers of America - National Services

Job Info

---

The Senior Asset Manager will take a larger role in evaluating new projects, taking roles on troubled assets, working with Director of Asset Management in developing new policies and procedures for the Asset Management Team, and providing solutions for projects in need of workouts.

Benefits Package Highlights:

• Medical, Dental and Vision Insurances
• Paid Time Off (Sick, Vacation and Holiday)
• Retirement (403B)
• Life Insurance

Schedule: M-F 8:00 AM-5:00 PM

About the Job:

The Senior Asset Manager will take a larger role in evaluating new projects, taking roles on troubled assets, working with Director of Asset Management in developing new policies and procedures for the Asset Management Team, and providing solutions for projects in need of workouts. Additionally, the Senior Asset Manager will be a resource for the other Asset Managers and allow the Asset Management department to develop senior level talent from within. The objective of this position is to ensure that housing properties owned by Volunteers of America National Services are performing at optimal level (including financial, physical plant and operating systems) and in compliance with financial covenants, regulatory requirements and other reporting and filing requirements as imposed from time to time.

Essentials:

Reporting

• 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, as required.
• Assure timely submission of monthly/quarterly/annual 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.
• Maintaining Assets.
• 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 and 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.

Liaison/Support

• 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.
• Act as first source to assist Asset Managers with various property level issues.
• Assist in providing training to the Asset Management staff on areas of expertise.
• Interface with Lenders and Regulators as directed.
• Provide assistance to Director of Asset Management Operations to ensure that Asset Managers are completing their Onsite Inspections.
• Review and update Management Agreements, Policy and Procedures, Watch List, Quick Guide and other Asset Management Documents as required.
• Provide assistance to Director of Asset Management Operations to ensure that Asset Managers are keeping up with our database system.
• Prepare and hold bi-weekly meetings with the asset management.

Qualifications:

• 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 seven (7) 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.

Volunteers of America National Services (VOANS) is a wholly controlled nonprofit subsidiary of Volunteers of America. National Services is organized and operated to "advance, support, promote and administer health, housing, and supportive services" in pursuit of the objectives of Volunteers of America. National Services employs more than 3,000 professionals across the country to operate its housing and health care programs.

This job has expired.