Real Estate Asset Manager (Atlanta)

Resource Housing Group (RHG) is a dedicated nonprofit organization established in 1994,

committed to providing quality, secure, and affordable housing for low-income (LI) families. With

a track record of success, RHG has developed over 6,000 units of affordable housing across the

Southeastern United States, owning more than 50 affordable housing developments.

https : / / www.rhgroup.org /

Responsibilities

Analyze monthly financial statements of all assigned projects for variances between actual and budget, ensuring adequate escrow balances, bond funds and accruals.

Provide monthly budget variance commentary on all assigned projects to the internal management team.

Work closely with Property Managers to provide direction for and oversight of operating plans, budgets, and forecasts. Specific tasks include approving and submitting reserve draws, reviewing / approving third party contracts, rent increases, non-budgeted large expenditures. Participate in the annual budget review process by preparing operational trends to budget analysis.

Assist with the year-end financial audit review to ensure accuracy of the accounting data.

Maintain and update project summary data and financials MRI internal reporting software.

Work closely with Property Management, Asset Management and Development.

Carry out periodic on-site inspection property visits to evaluate the physical condition of property. Provide feedback to the Property Manager as needed.

In conjunction with third party property management team, develop preventative maintenance program, monitor its implementation, and conduct property inspections.

Identification and analysis of under-performing assets, and preparation and implementation of proactive operational work-out strategies.

Review and evaluate rent structure for each property based on market analysis and ownership objectives.

Maintain and track reporting requirements for all syndicators, investors, and financial institutions.

Review Insurance Requirements; work with broker on obtaining new policies, and review of renewals. Open claims as needed.

Review Property Tax assessments and submit appeals if needed.

Perform other duties as assigned by CFO or other senior management staff.

Keep senior management regularly informed regarding the asset performance.

Qualifications

Four-year college degree in Accounting or Finance or related field

Proficiency in Microsoft Office (proficient in Excel & Word)

Essential Skills

Self-motivated with the ability to prioritize and multi-task in an environment of multiple responsibilities

Deadline driven with a high degree of energy and enthusiasm

Detail Oriented

Some experience with physical property experience

LIHTC experience (Plus)