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Asset Manager

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Asset / Portfolio Management
Location
Newport Beach
 CA
Postal Code
92663
Country
United States

This job is no longer active.

Description


Company Overview:

Community Development Partners (“CDP”) is a mission-based affordable housing development company, headquartered in Newport Beach, CA with an office in Portland, OR. CDP achieves this mission by not only providing affordable housing, but by ensuring a high quality of living for all of its residents through robust resident services, meticulously maintained communities and artistic vision.  CDP owns a portfolio of 24 apartment communities located throughout California, Oregon, Arizona and Nevada.  The company is poised for growth with an increasingly robust development pipeline.

 

Job Description:

Community Development Partners is seeking to hire an Asset Manager to help take on a growing portfolio of affordable housing communities. The Asset Manager will be responsible for the overall performance of their portfolio, while supporting CDP’s mission-based goals. Specifically, the position will also entail:

  • Comprehensive understanding of financial statements, including: Operating Statement, Rent Roll, Balance Sheet and Aged Receivables
    • Monthly financial reviews
    • Internal cash flow modeling and forecasting
    • Annual budgeting of revenue, expenses and capital expenditures
    • Monthly and quarterly portfolio reporting
  • In-depth knowledge of property operations
    • Weekly calls with regional managers
    • Ability to tie all aspects of operations into financial projections
    • Guide property management in decision making based on budgets, cash balances, development process, and business plan
    • Work closely with CDP’s resident services coordinator
  • Support Development process
    • Spearhead loan conversions and related equity installments
    • Transition from Development to Asset / Property Management
    • Lease-ups
    • Underwriting guidance
  • Ensure compliance
    • Track and oversee management company filings including state, lender and investor reporting
    • Track and oversee tax exemptions by non-profit partner

 

Experience

The ideal candidate will have the following:

  • A minimum of 3 – 5 years of real estate experience in a related field;
  • Strong organizational skills
  • Ability to work on multiple projects simultaneously and meet deadlines;
  • A proven track record of advancement;
  • A strong understanding of development, finance, operations or affordable housing;
  • Proficiency in Microsoft Excel;
  • Strong work ethic.

Job Functions


  • Asset Management
  • Development
  • Financial Analysis
 

Job Sector


  • Residential
 

Experience


2+ to 5 years


This job is no longer active.

 
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