Asset Manager

Employer
Dominium
Location
Plymouth, Minnesota
Posted
Nov 24, 2021
Closes
Dec 24, 2021
Category
Management
Employment Status
Full Time

Dominium is helping tackle the affordable housing crisis – and we’re looking for motivated candidates to join our team and help further our mission. With offices in Minneapolis, Atlanta, Dallas and Phoenix, Dominium is one of the nation’s largest and most innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents daily to create a strong sense of community and connectivity.

Join us in making a difference in people’s lives every day at a company where you can challenge yourself to develop both personally and professionally.

POSITION SUMMARY: The Asset Manager's role will be to evaluate and analyze the physical products and operations of a diverse portfolio of multi-family assets to company leaders to allow them to make well-educated financial decisions about the future.

ESSENTIAL FUNCTIONS

On behalf of ownership, evaluate the physical product and operations of a diverse portfolio of apartment communities consisting of luxury, affordable, tax credit, and subsidized communities to maximize long-term value. Review and prepare reports for ownership to include financial, physical, and operational performance monitoring that clearly identifies problems related to watchlist items, provides actions plans and goals to resolve issues as well as identifies other improvement opportunities Communicate clearly, intelligently, and routinely with multiple stakeholders, departments, and financial agencies. Ensure all reporting requirements for limited partners, lenders, and others are prepared and submitted as required and on time Assist with the planning and execution of refinancing, restructuring, repositioning, re-syndication, and sales within the portfolio, working closely with the Project Partner, value event team, and property management to prepare properties for significant events. Generate strategic business plans for each property. Communicate and collaborate closely with Dominium’s property management, accounting, compliance, and housing development teams to ensure ownership goals are understood and met Ensure properties are effectively operated, reporting and compliance requirements are met, and new developments and acquisitions incorporate accumulated knowledge for long-term ownership Act as a resource for other departments regarding partnership agreements, loan documents, tax returns, restrictive covenants, and other concerns as necessary Perform audits and quality assurance reviews as needed Inspect and monitor the physical condition of properties, assist in developing multi-year capital improvement plans, and provide ownership with a reserve source and use analysis annually. Assist with new acquisition pre and post-takeover for new assets; monitor adherence to proforma, stakeholder deliverables, and reporting for new construction and transitional portfolio Assist in preparation of Asset Management Department annual operating budget Communicating with Partners, Senior VP’s, VP’s, Regional Managers, and Community Managers  Monthly meetings with Property Management to ensure properties are well maintained, resident requirements are met, reports are provided to lenders/partners and appropriate services are rendered. Make periodic visits to apartment communities Assess the quality of Property Management auditing compliance to policy desk audit and physical audits.

QUALIFICATIONS

Bachelor’s degree and/or professional property management designation (i.e. CPM, COS, CAM)  preferred and/or a minimum of 3 years of hands-on rental real estate experience Strong knowledge and minimum 2 years successful experience in Housing Tax Credit Program preferred Ability to travel up to 50% of the time Knowledge of HUD Section 8 and 236 verification processes preferred Knowledge of multi-state agency tax credit requirements & reporting preferred Strong written and verbal communication skills Advanced mathematical ability and reasoning skills Ability to comprehend highly complex partnership structures, waterfalls, and distribution possibilities General Accounting background preferred Yardi experience is a plus   About Us: Dominium is one of the leading affordable housing development and property management companies nationwide. We operate in more than 20 states and employ over 1,200 employees. For nearly 50 years, we have offered excellence to the development and management of affordable housing communities across the United States. Dominium’s values – creating long-term value, developing people, integrity, and growth – are built upon our company’s mission and vision. We offer a competitive salary, incentive bonus program, training and development programs, career growth opportunities and community volunteer and outreach programs. We also offer a comprehensive benefits package for eligible employees including Medical, Dental, Life & Disability, Paid Time Off, 401(K), Flexible Spending Accounts, Employee Recognition & Wellness Programs.

 

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