Asset Manager

  • Company:
    Dominium
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    16 hours ago
  • Category:
    Real Estate & Property

Headquartered in Plymouth, Minnesota with Regional offices in Atlanta, Dallas, and Phoenix, Dominium is one of the nation’s largest and most innovative affordable housing development and management companies. Dominium is focused on real results and long-term value. By 2025, the company expects to be the country’s pre-eminent private developer, owner, and property manager of affordable housing.We are a vibrant and growing organization, with many avenues and opportunities for you to build a successful career. We offer a respectful and fun work atmosphere, educational and training programs, and excellent benefits.The Asset Manager’s role will be to evaluate and analyze the physical products and operations of a diverse portfolio of multi-family assets to company leaders to allow them to make well educated financial decisions about the future.ESSENTIAL FUNCTIONSOn behalf of ownership, evaluate the physical product and operations of a diverse portfolio of apartment communities consisting of luxury, affordable, tax credit, and subsidized communities to maximize long-term valueReview and prepare reports for ownership to include financial, physical, and operational performance monitoring that clearly identifies problems related to watchlist items, provides actions plans and goals to resolve issues as well as identifies other improvement opportunitiesCommunicate clearly, intelligently, and routinely with multiple stakeholders, departments, and financial agencies. Ensure all reporting requirements for limited partners, lenders, and others are prepared and submitted as required and on timeAssist with the planning and execution of refinancing, restructuring, repositioning, re-syndication, and sales within the portfolio, working closely with the Project Partner, value event team, and property management to prepare properties for significant events.Generate strategic business plans for each property. Communicate and collaborate closely with Dominium’s property management, accounting, compliance, and housing development teams to ensure ownership goals are understood and metEnsure properties are effectively operated, reporting and compliance requirements are met, and new developments and acquisitions incorporate accumulated knowledge for long-term ownershipAct as a resource for other departments regarding partnership agreements, loan documents, tax returns, restrictive covenants, and other concerns as necessaryPerform audits and quality assurance reviews as neededInspect and monitor the physical condition of properties, assist in developing multi-year capital improvement plans, and provide ownership with a reserve source and use analysis annually.Assist with new acquisition pre and post-takeover for new assets; monitor adherence to proforma, stakeholder deliverables, and reporting for new construction and transitional portfolioAssist in preparation of Asset Management Department annual operating budgetCommunicating with Partners, Senior VP’s, VP’s, Regional Managers, and Community ManagersMonthly meetings with Property Management to ensure properties are well maintained, resident requirements are met, reports are provided to lenders/partners and appropriate services are rendered. Make periodic visits to apartment communitiesAssess the quality of Property Management auditing compliance to policy desk audit and physical auditsQUALIFICATIONSBachelor’s degree and/or professional property management designation (i.e. CPM, COS, CAM) preferred and/or a minimum of 3 years of hands-on rental real estate experienceStrong knowledge and minimum 2 years successful experience in Housing Tax Credit Program preferredAbility to travel up to 50% of the timeKnowledge of HUD Section 8 and 236 verification processes preferredKnowledge of multi-state agency tax credit requirements & reporting preferredStrong written and verbal communication skillsAdvanced mathematical ability and reasoning skillsAbility to comprehend highly complex partnership structures, waterfalls, and distribution possibilitiesGeneral Accounting background preferredYardi experience is a plusAbout Us: Dominium is one of the leading affordable housing development and property management companies nationwide. We have operations in more than 20 states and over 1,200 employees. For over 45 years, we have offered excellence to the development and management of affordable housing communities across the United States. Dominium’s values are built upon the company’s mission and vision and include creating long-term value, integrity, developing people, and growth.We offer a competitive salary, incentive bonus program, training and development programs, career growth opportunities, community volunteer and outreach program, and comprehensive benefits package for eligible employees including Medical, Dental, Life & Disability, Paid Time Off, 401(K), Flexible Spending Accounts, Employee Recognition & Wellness Programs.