Director of Asset Management

POSITION ANNOUNCEMENT Director of Asset Management Job Summary: The Director of Asset Management oversees and safeguards the physical and financial health of the Chinatown CDC property portfolio and ensures that Chinatown CDC's mission goals for the portfolio are achieved. Status: Full-time, Exempt Location: North Beach, San Francisco Salary: DOE; Comprehensive benefits Hours: Monday through Friday, regular business hours; plus some nights and weekends The Organization: A community-based non-profit organization founded in 1977, Chinatown Community Development Center develops and manages affordable housing buildings for low-income residents in San Francisco, primarily in the Chinatown and Tenderloin neighborhoods. The organization also improves the quality of life for residents and visitors to San Francisco's Chinatown neighborhood in the areas of tenant rights, open space, and land use and transportation planning. Job Responsibilities: •  Monitor the physical condition of Chinatown CDC's properties through project site visits, review of management reports and Capital Needs Analyses, and periodic inspections •  Oversee the development, monitoring and implementation of capital plans and improvements for the portfolio •  Develop and oversee analysis of monthly property financial statements, including reports on collections and turnover •  Review annual operating budgets and annual audits •  Establish benchmarks and monitor financial performance of properties •  Identify and prioritize property financial issues •  Develop and implement monitoring tools as needed and action plans to resolve property financial issues •  Complete future planning for properties, including capital planning and financial modeling •  Satisfy reporting requirements •  Monitor income and rent regulatory compliance; complete other tasks as necessary to ensure that properties are in compliance with reporting, record-keeping and related requirements •  Train and oversee the work of asset management staff •  Enhance the professional development of asset management staff •  Represent the Department to the Board of Directors and Asset Management Committee •  Participate in organizational planning as a Director and member of Management Team and project development planning •  Represent the organization at external events, tours, public policy activities, and neighborhood and community meetings •  Establish and maintain relationships with external agencies (e.g. investors, HUD representatives, City officials, NeighborWorks, community groups, etc.) in relation to asset management Knowledge, Skills, and Experience: •  Understanding of HUD/LIHTC/affordable housing regulatory agreements, and affordable housing management and development principles •  Understanding of fair housing and landlord/tenant laws, regulations, and procedures in San Francisco •  Strong budget preparation, analysis, monitoring skills •  Strong financial, team-building, management, and interpersonal skills •  Ability to work with people of diverse economic, social, and ethnic backgrounds •  Excellent problem solving skills Minimum Qualifications: •  Ten (10) years of experience in asset management with significant experience in the moderate to low-income housing field •  Five (5) years supervisory experience •  Bachelor's Degree in Economics, Real Estate, Business, Planning, or related field, and/or equivalent experience •  Experience and knowledge of government housing programs and regulatory requirements •  Experience with pro formas, PNAs, capital planning, portfolio financial planning, refinancing •  Proficiency with computer systems, including word processing and spreadsheet •  Experience in and knowledge of Human Resources principles and practices •  Thrives in a collegial working environment within the department and actively engages other departments such as Housing Development, Property Management and Fiscal Departments Preferred Qualification: •  Graduate degree and/or additional asset management experience and real estate •  Strong experience with MIS, Yardi Systems' Property and Asset Management software •  Familiarity with Chinatown and Tenderloin communities •  Training and experience in HUD and Tax Credit programs •  California Real Estate Broker's license •  CPM, NAHP, CHAM or other certification related to asset management, housing development, property management To Apply: Please click on the link below or visit our website www.chinatowncdc.org to complete an online application. Cover letter and resumé are required. https://home.eease.adp.com/recruit/?id=11552931