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Director of Portfolio Strategy

Employer
CommonBond Communities
Location
St. Paul, MN
Start date
Apr 1, 2019
Closing date
May 1, 2019

View more

Category
Financial Services
Job Type
Employee
Employment Status
Full Time

Job Details

Director of Portfolio Strategy
Central Office, St. Paul

CommonBond is excited to announce a full-time Director of Portfolio Strategy. This position supervises and is part of a team responsible for (i) monitoring and guiding the financial, physical, and regulatory performance of CommonBond’s real estate assets from the “owner” perspective, (ii) interpreting federal and state affordable housing statutes, rules, regulations, case law and ruling and ensuring compliance by CommonBond; and, (iii) positioning the properties as stable, long-term assets within the CommonBond portfolio.

ESSENTIAL JOB FUNCTIONS AND ASSOCIATED TASKS
• Hire, support and supervise Asset Management and Corporate Compliance staff.
• Develop an Asset Management and Corporate Compliance strategy plan to implement department and organizational goals.
• Coordinate, prepare, and present periodic reporting to executive management and board of directors.
• Work across functional areas (e.g. property management, facilities management, advantage services) to align portfolio performance with organizational goals.
• Implement policies and procedures to manage risk within the portfolio.
• Monitor the process of moving a project from development to long-term operations and provide feedback to the Acquisition and Development division on actual performance to underwriting.
• Develop or refine protocols to insure CommonBond is positioned to provide information and meet the on-going administrative and reporting needs of various internal and external constituent
• Analyze and recommend to executive management the structure for any refinancing, or re-syndication, of the capital structure on portfolio property. Oversee portfolio refinancing or re-syndication as applicable/appropriate.
• Lead cross-functional efforts and participate in industry activity as CommonBond’s Asset Management voice.
• Support, participate in, and manage asset management and corporate compliance responsibilities.

MINIMUM REQUIREMENTS
• Bachelor’s degree with an emphasis in business administration, finance, public administration, urban planning, political science, or a closely related discipline. Graduate degree in Planning or Business preferred.
• Minimum of 6-8 years of experience in public or private sector real estate development, asset management, multifamily housing development, urban planning or related fields (such as legal, accounting, paralegal, property manager, multifamily lending or investing).
• Supervisory experience.
• Knowledge of real estate legal documents and financial accounting.
• Demonstrated project management capabilities
• Strong interpersonal skills - ability to interact effectively and professionally with leadership and staff, prospective and current funders, community representatives, and government agencies.
• Demonstrated experience preparing professional reports.
• Proficient in Microsoft programs such as Word, Excel, PowerPoint, and other programs.
• Excellent oral and written communication skills.
• Ability to lead a growing staff, work independently, establish priorities, and follow through on completion of tasks.

rec: max

Company

CommonBond Communities, the Midwest's largest nonprofit provider of affordable housing with services, has served the region for over 40 years. We are considered a national leader and innovator in the affordable housing and community development field. We develop, own or manage 5,000 affordable rental apartments and townhomes throughout 50 cities in Minnesota, Wisconsin and Iowa. Join our team and help us make a difference!

As an employee with CommonBond Communities, you’ll receive a strong compensation and benefits package including:

  • Competitive pay
  • Medical
  • Dental
  • Life and disability coverage
  • 401K retirement plan
  • Personal time off (PTO)
Company info
Website
Telephone
651-291-1750
Location
1080 Montreal Avenue
SAINT PAUL
MN
55116
US

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