Director Asset Management Full Time

Summary:

Conifer Realty LLC is seeking a Director of Asset Management to oversee asset managers, maximize property performance, and drive portfolio analytics. The role involves leading a team, analyzing market trends, and developing policies for strategic decisions related to asset management in affordable housing. Conifer is an established leader in the affordable housing sector with over 15,000 units owned and managed.

Responsibilities:

• Conduct comprehensive asset performance analysis to inform strategic decisions to senior management.
• Provide leadership and direction to the asset management team, fostering an environment of continuous improvement and professional development.
• Monitor key market trends and legislative changes to capitalize on opportunities and ensure strategic direction of the portfolio.
• Prepare detailed reports and presentations for executive management on asset performance, new opportunities, and asset utilization strategies.
• Manage cash flow models and workout strategies for underperforming assets or “watchlist” properties.
• Oversee team to drive budget process, ensuring timely completion and accurate forecasting utilizing analytics.
• Key knowledge of operating agreements and management entities to properly understand ownership structures to maximize cash flow for investors.
• Assist property management staff in decisions that affect the asset’s long-term performance and to understand its relationship to established goals and budgets.
• Work with property management staff to ensure that the potential of the property’s value and benefit to Conifer is maximized.
• Coordinate and oversee monthly/quarterly financial review of portfolio with asset management team.
• Visit assigned sites and participate in site audits, as requested.
• Work with Property Finance in evaluation of possible refinancing, disposition or change of use of assigned properties.
• Foster relationships with lenders and investors to best communicate Conifer’s initiatives and investment plans.
• Participate in periodic review meetings for projects transitioning from Development to Operations.
• Assist with due diligence on potential acquisition opportunities.
• Conduct financial analysis, modeling, and portfolio stress testing, as needed.
• Other special projects and job-related duties, as assigned.

Requirements:

• Prior experience in Multi-family Real Estate preferred.
• Affordable housing experience preferred.
• Minimum 6-10 years of relevant Asset Management experience with demonstrated institutional analytical and quantitative skills, ideally within multi-family real estate.
• Minimum 3+ years managing a team in a demonstrated leadership capacity preferred.
• Bachelor’s degree in accounting or finance.
• Master’s Degree preferred.
• Accounting, Financial Analysis and Budgeting Skills.
• Yardi Voyager or equivalent housing software preferred.
• Proficiency with MS Office (Word, Excel, Outlook, SharePoint).
• Understanding of Business Intelligence (BI) platforms a plus.
• Adaptable; flexible to multi-task several projects at one time.
• Excellent business judgment, professionalism, and practices to handle day-to-day matters.
• Demonstrated strong analytical skills and financial modeling experience.
• Travel to specific Conifer sites and HQ required.

Benefits:

• Competitive compensation package commensurate with experience.
• Ongoing training and development.
• 13 holidays and 15 days paid time off.
• 401K with company match.
• Medical, HSA, dependent care Flex account, dental, and vision.
• Company-paid life, short and long-term disability insurances.
• Wellness program.

Tagged as: Affordable Housing, Asset Management, Conifer Realty LLC, United States