Associate Asset Manager - Full-time Position
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Innovative Housing, Inc. (IHI) is a nonprofit affordable housing provider serving the Portland metro region since 1984. We are a small, efficient team of mission driven individuals doing great things. IHI owns and operates 1,000 affordable housing units in the Portland Metro region. IHI's residents represent many different communities and lived experiences and we strive to have our staff reflect this diversity. People of color are strongly encouraged to apply for this position. Please read more about us at: http://www.innovativehousinginc.com/services/services.html.

The position of Associate Asset Manager performs a variety of asset management, administrative and professional duties to support the successful performance of Innovative Housing's portfolio of affordable rental housing. The Associate Asset Manager reports directly to the Asset Manager. Innovative Housing offers professional salaries, a full range of benefits, and a great work environment.

RESPONSIBILITIES:

  1. Monitors and maintains the fiscal, physical and regulatory compliance of a property portfolio to performance standards set by the Asset Manager and Director of Housing Operations.
  2. Performs asset management functions as assigned by the Asset Manager.
  3. Provide financial technical assistance to the Asset Manager, including the preparation and maintenance of project budgets, proformas and capital strategies throughout ownership periods.
  4. Reviews monthly financial and management reports to monitor projects' performance against budget and provides the Asset Manager with status updates.
  5. Completes assigned financial performance reporting as assigned by the Asset Manager.
  6. Completes physical asset reviews and inspections according to IHI Asset Management standards.
  7. Analyzes long-term financial and capital needs of the IHI portfolio.
  8. Monitors occupancy levels and leasing patterns and provides status reports to the Asset Manager
  9. Tracks capital improvement, property rehabilitations and unit turns.
  10. Monitors, manages, and reports out on special projects in the portfolio.
  11. Assists in the preparation of periodic reports to lenders, investors, public funding agencies and the IHI Board of Directors.
  12. Develops and maintains general contractor and preferred vender relations and systems.
  13. Maintains electronic and hard copy records of the Asset Management team.
  14. Provides administrative and clerical support for the Asset Management Department.
  15. Other duties as assigned.

KNOWLEDGE, SKILLS & ABILITIES:

  1. Bachelor's Degree in Business Administration or Management, or comparable education and/or work experience.
  2. Four years' experience in property, or asset management, real estate development or related field is preferred.
  3. Knowledge of affordable housing programs including LIHTC, OAHTC, CDBG, HOME, HUD Section 8, Section 236 and Section 202 is preferred.
  4. Working knowledge of residential property management is preferred.
  5. Ability to develop and maintain strong working relationships with vendors around building repairs and maintenance.
  6. Excellent oral and written communication skills.
  7. Ability to interact professionally with co-workers, clients, outside agencies and board members.
  8. Strong work ethic and ability to follow up on open issues.
  9. Excellent organizational skills including accuracy and attention to detail.
  10. Computer skills including advanced skill levels in Excel, Word, and Outlook.
  11. Valid Oregon driver's license, proof of insurance and good driving record. Transportation required; most travel will be in the Portland metro area.
  12. Commitment to IHI's mission.

IHI offers qualified candidates an opportunity to work with a group of committed and passionate people providing critical affordable housing resources to the Portland region.

For this position, IHI will offer starting compensation of $58,000 - $60,000/year (DOE) and a full range of benefits, including but not limited to the following:

  • Excellent health coverage through Kaiser Permanente, including multiple medical and dental plan options; IHI contributes 100% of the cost of coverage for the employee, alternative care and vision included
  • 5% match for our 403(b) retirement plan
  • Generous vacation and sick leave

Please send resumes and cover letter to employment@innovativehousinginc.com

Innovative Housing is an Equal Opportunity Employer and is committed to diversity in our workforce. All qualified applications will receive consideration for employment without regard to race, color, religion, sex, or national origin. People of color are encouraged to apply.