Asset Manager

Position: Asset Manager

Reports To: Head of Asset Management

Location:  Washington, D.C.

The NHP Foundation: NHPF is a not-for-profit real estate organization dedicated to preserving and creating sustainable, service-enriched multifamily housing that is both affordable to low- and moderate-income families and seniors, and beneficial to their communities. NHPF has 56 properties in 15 states and the District of Columbia, totaling over 9,000 units of low- and moderate-income housing.

Position Overview: This position will be part of the Asset Management Group and will play a key role in the oversight and performance of NHPF’s growing LIHTC multi-family portfolio. Specifically in ground-up construction, supportive housing, lease-up oversight, properties under rehab, and assembling temporary relocation plans and budgets for her/his respective portfolio. It is anticipated that this position’s responsibilities will increase proportionally with the growth of the portfolio.

Responsibilities:

• Work with NHPF staff, third-party management companies, general contractor, and stakeholders with the overall goal of maximizing operating results and meet investor and lender’s benchmarks
• Review and understand monthly financial reports to closely monitor property performance, identify issues and trends, and update stakeholders accordingly
• Responsible for the compliance performance of the assigned portfolio, including initial tax credit qualification process executed by third party management companies
• Lead the development and review process of annual budgets. Develop action plans to correct issues with underperforming assets
• Play key role in the year-end process and coordinate audit related items with the auditors and NHPF Finance Group
• Review closing documents (LPAs, Loan Agreements, UW, Operating Agreements, etc.) to make sure property compliance requirements are met and work with internal and external parties to ensure compliance
• Perform regular site visits to existing properties to assess operations
• Partner with NHPF Development Group during due diligence on acquisitions, tax credit transactions/refi and dispositions
  
  

Required Knowledge and Skills:

• Minimum of 3-5 years of commensurate experience in affordable housing asset management. Supportive housing and property management experience a plus
• Experience working with HUD, LIHTC S42 rules, URA requirements, and lease-up regulations
• Team oriented with strong analytical, organizational, and computer skills
• Hands-on asset management approach with solid problem-solving skills
• Ability to meet deadlines, accomplish work in order of priority; professionally maintain composure and effectiveness under pressure and moving targets
• Strong inter-personal skills with the ability to effectively work with partners and outside parties
• Bachelor’s Degree with focus in real estate, finance, accounting or related major. Advanced degree preferred.
• Must be available to travel 25%-30% including overnight travel

The above list of duties is intended to describe the general nature and skill level of work performed by NHPF Asset Managers. It is not to be construed as an exhaustive list of duties performed.

Compensation & Benefits: NHPF offers a generous compensation package, excellent benefits, and a great corporate culture.