1924 Director of Asset Management

Our Client is a California-based leader in the financing and development of affordable housing. Their Asset Management Division oversees a portfolio of affordable housing properties throughout California and New Mexico. They are a team of experienced professionals that work to identify and implement timely and cost-effective solutions to provide quality homes for thousands of people. They’re committed to the ongoing quality, appearance, and operation of all their projects, so they take a long-term asset management approach to property management. They’re passionate about affordable housing AND their people. They welcome you to join our amazing team in beautiful San Diego County, California.

What You’ll Be Doing

As the Director of Asset Management, you will be responsible for overseeing the financial performance and business strategy of the Company’s portfolio, as well as ensuring the properties’ physical and financial well-being and the adherence of all legal and regulatory requirements. You will also be responsible for leading the creation of budgets and applicable capital plans while ensuring that such budgets and capital plans are effectively and efficiently implemented.

Additionally, your tasks will include, but not be limited to:

• Identifies underperforming assets and executing strategies that improve cash flow margins and total returns through capital recycling and/or reinvestment
• Designs, builds, and manages a best-in-class asset management platform dedicated to providing streamlined and transparent processes for evaluating and repositioning core assets as well as underwriting, marketing, and selling non-core assets.
• Completes gain/loss, accretion/dilution, net cash flow and other financial and operational analyses tied to capital improvement and disposition initiatives.
• Seeks and analyzes data from a variety of sources to support decisions and to align others with the organization’s overall portfolio optimization strategy.
• Identifies disposition and reinvestment properties through review of financial and operational performance.
• Manages coordination of post-acquisition activities and integration of assets into the ownership’s portfolio.
• Collaborates with functional stakeholders to identify opportunities for improved operating performance – including ways to drive additional revenue and control expenditures.
• Completes monthly review of financials and narratives, review weekly project data including recaps, traffic reports, follow-up cards and delinquencies.
• Supplies senior management with valid and reliable information for all phases of planning including budgets, staffing, capital improvements, and other
• Participates in development of program/project plans and
• Oversees contracts, vendors, bids, and
• Establishes and enforces asset management benchmarks, policies, and
• Plan, organizes and implements work activities to meet established departmental and Company-wide goals and objectives, contributes to programs and project compliance with all applicable laws, regulation, and regulatory agency requirements.
• Participates in the management of development projects, develops financial pro forma and other analyses, participates in the formulation of development concepts, analyzes opportunities and constraints for alternative development scenarios and sites.
• Conducts site visits on a regular basis to include but not limited to review of curb appeal, model inspections, expense approvals and personnel issues.
• Produces comprehensive asset management reports for
• Conducts market analyses of real property and performs periodic renegotiation of
• Coordinates with and provides asset management information/assistance to other departments and outside agencies/organizations.

What You’ll Need to Perform the Role

You’ll use your bachelor’s degree in finance, accounting, real estate, or a related field, plus at least 10 years of experience in affordable housing asset management, and expert knowledge of affordable housing programs, reading tax returns, LPAs, loan agreements, regulatory agreements, and settlements. You may also have an equivalent combination of education, training, and/or experience from which comparable knowledge, skill, and abilities have been attained.

You’ll also need the following attributes:

• Advanced understanding of property budgets, variance analyses, capital improvement plans, investor, and lender reporting requirements.
• Proficiency in financial modeling including refinancing, re-syndication, and recapitalization scenarios.
• Exceptional history of formulating contingency plans to effectively manage risks that might impact cost and time.
• Extensive history of building successful relationships with various trades and subcontractors, preferably in the area local to the project.
• Proficiency with Microsoft Office (Word, Excel, Outlook, and Project)
• Working knowledge of Fair Housing mandates and eviction
• Strong working knowledge of principles, methods, practices, and techniques involved in real estate development, leasing, and strategic asset management.
• Exceptional judgment and critical thinking abilities with demonstrable asset management technical skills.
• Willingness and ability to work in a fast-paced atmosphere with a wide range of responsibilities, evolving deadlines, requirements, and challenges.
• Basic principles and practices of program/project planning, management, and
• Basic concepts and techniques of real estate appraisal and research
• Principles and practices of sound business communication and real estate
• Ability to work cooperatively and effectively with a diverse group of
• Extremely organized with ingrained ability to prioritize and multi-task in a fast-paced
• Keen attention to detail with focused adherence to strict deadlines and
• Sound problem-solving skills with demonstrated ability to exercise sound independent
• High level of integrity and dependability, including handling sensitive and confidential
• Teamwork mindset and temperament to work effectively with a diverse group of
• Effective ability to communicate clearly and concisely, both verbally and in
• Genuine desire to work in the real estate development affordable housing
• Personal accountability and enthusiasm for achieving company

What’s in it for You

Our client’s people are at the core of everything they do. They offer meaningful careers competitive salaries, annual bonus packages, and an energetic office environment.

They take the well-being of their team members seriously; thus, providing an attractive benefits and perks package to meet the needs of all their employees. This package includes, but is not limited to:

• Medical (HMO, PPO, HDHP/HSA plans available)
• Dental (HMO and POS)
• Vision
• Section 125 Cafeteria Plan
• Company sponsored Disability and Life insurance
• 401K plan participation with Company match
• Paid Time Off (PTO)
• Opportunities for professional development
• Hybrid working environment
• Flexible work schedule as business needs permit
• Company-wide events

You’ll also be part of a workplace culture that is committed to their C.A.R.E.S values:

• Communication = Meaningful Communication
• Accountability = Foster Accountability
• Relationships = Cultivate Relationships
• Excellence = Pursue Excellence
• Solutions = Provide Solutions

What’s Comes Next

If this role seems of interest to you and you meet the needs to be successful, apply using the link. Our recruiting team will then review your application and any of the materials you submit. From that point, we’ll reach out if you’re a fit and introduce you to the hiring manager and move you through the interview process, which will encompass meeting virtually, as well as in-person at our corporate office in Carlsbad (following all COVID-19 safety precautions and protocols).

Equal Opportunity & Diversity, Equity, and Inclusion

Our client’s is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. We encourage applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Our client’s is committed to diversity, equity, and inclusion (DEI) and is guided by the following principles:

• They acknowledge that historic and ongoing discrimination results in a society where certain groups are disadvantaged in ways that are not always obvious.
• They understand that a commitment to racial equity and inclusion is not always easy, is not always comfortable, and is not always It is nevertheless a commitment we have chosen to make.
• Their commitment to racial equity and inclusion is evidenced by our demonstrated actions to address the unique housing needs of Black, Indigenous, People of Color, and other marginalized groups. We intentionally develop and manage affordable housing that address the needs of historically marginalized, and disenfranchised populations.
• They celebrate and encourage diversity in all forms and promote equity and inclusion through our practices, policies, systems, and behaviors.
• Their commitment to diversity, equity and inclusion is embedded in all aspects of our
• They intentionally create an inclusive environment where our internal team, our external clients, and our contracted service providers are valued and supported.
• They treat others with dignity and respect at all
• They foster teamwork and employee participation, encouraging the representation of different employee perspectives.
• They encourage all members of our team to be open-minded and listen when given constructive feedback regarding other’s perception of your conduct.

Reasonble Compensation is a range commensurate with relevant breath of experience in this field 

Base: 180K-200K plus bonuses and benefits.