Senior Asset Manager, Asset Management (Hybrid| DMV Area)

E nterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves.

Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.

S. Virgin Islands - all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org

Working at Enterprise

At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field.

You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with an exceptional benefits package .

Job Description Summary

The Senior Asset Manager position exists to determine asset-level strategy in alignment with corporate performance objectives and ensure the achievement of property-level goals that maximize the performance of the ECD portfolio.

The Senior Asset Manager is responsible for overseeing a growing multifamily portfolio, which is primarily affordable and located in multiple jurisdictions in Washington, DC, Maryland, Pennsylvania, and / or Virginia, with multiple finance and compliance layers.

The Senior Asset Manager will be responsible for site visits, financial review, positioning for property redevelopment / refinancing, and partner reporting.

This position will work with external and internal customers and must have strong communication and writing skills, in addition to strong quantitative skills, and the ability to read, interpret and analyze financial statements for multi-family real estate ventures.

Job Description

• Manage the financial and physical performance of the ECD portfolio in collaboration with property management, development, and resident services.
• Review and approve property tax assessments and coordinate property tax appeals with local counsel. Approve real estate tax invoices for payment.
• Receive, review, and evaluate monthly financial statements and follow-up on variances.
• Review and approve annual operating budgets and capital expenditure plans.
• Review and approve non-routine expenditures.
• Conduct site visits and review property management systems.
• Develop strategic plans for underperforming communities and supervise execution of the plans by property management.
• Develop and update annual business plans for each community to inform and execute the asset-level strategy.
• Participate with the ECD development team in developing the scope of work and operating budgets for properties to be renovated / refinanced.
• Identify operational issues throughout design / construction / lease-up / stabilization phases of development and work with cross-functional project teams to devise solutions.
• Provide a leadership role in the transition of all properties from development to operations. Work with property management and development to ensure items such as security contracts, controlled access, video surveillance, and internet / video have been considered, and if appropriate, contracts / equipment are put in place.
• Establish a feedback loop with the development team to capture learnings from portfolio operations to inform future project design and development.
• Collaborate with property management and resident services on community development and resident relations.
• Identify, prioritize, and resolve physical and operating problems / issues with properties.
• Assist with property insurance related matters including claims reporting.
• Monitor property debt and the expiration of LIHTC compliance to identify opportunities for restructure, refinance or acquisition of limited partners' interests.
• Coordinate with property management compliance staffto ensure affordable housing program reporting requirements are being met.
• Develop action-plans in coordination with the Management Agent to address financial, operational, or compliance matters to align performance with expected results.
• Manage timely and accurate communications and reports with investors, lenders, government officials and others as required.
• Approve major contracts with third-party vendors.
• Complete accurate, timely internal reports.
• Monitor property operations, including weekly occupancy levels.
• Assist in resolving resident issues with property management and resident services.

QUALIFICATIONS & SKILLS :

• Bachelor's degree or equivalent required, preferably in Business Management, Accounting, Finance, or related field. Master's Degree in Real Estate, MBA or CPA preferred.
• 7+ years multi-family real estate, finance, accounting, and / or asset management experience.
• Experience managing a portfolio of real estate, and familiarity with private financing and federal, state, and local government funding.
• Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines.
• Strong verbal communication and business writing skills.
• Ability to read, interpret, and analyze financial statements.
• Sound understanding of real estate terminology and concepts, including multi-family real estate; working knowledge of LIHTC required.

CHAM AMS designation preferred.

• Strong analytical skills.
• Strong computer skills with excellent MS Excel skills.
• Initiative-taking and able to work independently.
• Excellent critical thinking and problem-solving skills
• Must demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member to produce high-quality results.

Total Rewards at Enterprise :

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.

Enterprise offers a comprehensive total rewards package for you and your family.

• The base salary range to offer for this role is between $135,000 / year - $150,000 / year depending on level of skills and experience.
• The hourly range for this position is represented by the low and high end of the range for the amount to be paid for the position.

Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance.

The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.

At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care.

Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits.

We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions.

Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications.

Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.

PHYSICAL DEMANDS / WORKING CONDITIONS :

• Able to work under pressure, including evenings and weekends during peak periods. Peak periods are anticipated to be the 4th and 1st quarters.
• Able to travel for periods of up to 6 hours (air, car, train).
• Able to climb stairs at communities during site visits.
• When visiting project sites, incumbent may be exposed to varying environmental conditions (e.g., inclement weather, dirt, dust, and other construction work site hazards).
• Valid driver's license required, with own insurance.

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