Asset Manager

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Job description

MISSION STATEMENT To provide decent and affordable housing to low- and moderate-income persons.
VISION STATEMENT RCHDC is committed to being an industry leader of Rural Northern California in providing low- and moderate-income housing. RCHDC continually strives to be a strong, dynamic, and flexible organization; effective at achieving its mission through its efforts and partnerships, both public and private.

About the role

• RCHDC is looking for an Asset Manager to help ensure the long-range achievement of financial, physical, and regulatory benchmarks for all properties owned and managed. Create and monitor annual property budgets, watchlists, and asset management plans. As well as helping ensure deferred developer fees, asset management fees and other payments to the Owner are received in a timely manner.

What you'll do

• Assure deferred developer fee payments, asset management fees, and other incentives or reimbursements due to Owner are received. Maximize Owner waterfall opportunities.
• Create Deal Book for all properties and monitor all tickler items (e.g., key agreements/dates)
• Maximize investor and stakeholder relationships.
• Provide requested reporting, documentation, and responses to inquiries from key stakeholders such as investors, lenders, tax credit partners, and regulators in a timely manner.
• Create and monitor internal watch list.
• Track property performance (financials, vacancies, collections, unit turnovers, etc.)
• Plan for capital needs
• Oversee the processes for reserve replacement and other capital project funding.
• Create and update asset management plans and dashboard for each property.
• Support annual property operating and capital budgeting processes.
• Annual update of management plans
• Monitor key third party contracts (auditor, insurance, others)
• Maintain and review debt schedule.

Knowledge and Skills

• Strong time management and organizational skills with the ability to prioritize and meet deadlines.
• Detail-oriented and able to effectively manage and complete multiple tasks simultaneously.
• Possess excellent verbal and written communication skills.
• Ability to work well with others in the spirit of teamwork.
• Ability to understand and research key documents (audits, partnership documents, financing agreements, regulatory agreements, insurance coverages, tax returns, etc.)
• Proficient in Microsoft Word, Excel, and Outlook

Preferred Qualifications

• Bachelor's degree with coursework in real estate, finance, accounting, economics, business administration or related subjects preferred.
• Has or is willing to obtain the Certified Housing Asset Management (CHAM) designation.
• Two years relevant work experience, preferably in multifamily asset or property management
• Possession of a valid Driver's License, a good driving record, and automobile insurance per requirements of the State of California.
• CA Real Estate Brokers license preferred.

Benefits RCHDC takes pride in its competitive benefits package

• 13 Paid Holidays
• Vacation Leave (increases based on years of service)
• Sick Leave and Personal Leave
• We pay 95% of employee-only Health insurance premium
• We pay 100% of employee-only Dental & Vision premium
• We pay 100% of employee-only $25,000 Life insurance premium
• We pay 100% of employee-only Accident insurance premium
• RCHDC offers a 401(k) retirement plan with an annual company match

The pay range for this role is:
70,000 - 85,000 USD per year(Ukiah)

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