213030 April Housing, LLC is hiring an Assistant Vice President/Regional Asset Manager to lead the strategic management and operational performance of a regional portfolio of affordable multifamily properties. In this role, you will be responsible for maximizing value, ensuring regulatory compliance, and managing financial performance and risk.
What You'll Do
- Develop and implement asset management strategies to maximize property performance, cash flow, and portfolio value while maintaining affordability commitments.
- Prepare investment recommendation reports for new construction and rehabilitation, including market assessment, proposed construction scope, and operating proforma.
- Oversee a regional portfolio of affordable housing properties, ensuring compliance with HUD, LIHTC, and other federal, state, and local regulatory requirements.
- Monitor and analyze property performance metrics, including occupancy, rent collections, operating expenses, and capital needs.
- Conduct regular property and market evaluations to identify opportunities for improvement or risk mitigation.
- Physically inspect each property within their portfolio with regular cadence.
- Manage property budgets and long-term financial planning, ensuring alignment with ownership goals.
- Collaborate with property managers to optimize NOI (Net Operating Income) and meet financial targets.
- Oversee annual audits, financial reporting, and tax credit compliance submissions.
- Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio.
- Partner with property management companies to ensure consistent execution of operational strategies.
- Collaborate with Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio.
- Identify and mitigate potential risks, including physical, financial, and regulatory challenges.
- Develop and implement corrective action plans as needed to address performance or compliance issues.
What We're Looking For
- Minimum 7 years of experience in asset management, real estate, or property management, with a strong focus on affordable housing.
- Demonstrated understanding of LIHTC, HUD programs, and other affordable housing regulations.
- Strong financial acumen, including experience with financial modeling, budgeting, and reporting.
- Understanding of affordable housing programs and compliance requirements.
- Strong analytical and problem-solving skills with a data-driven approach.
- Excellent interpersonal and communication skills to collaborate with a diverse range of stakeholders.
- Strategic thinker with a proactive and results-oriented mindset.
- Ability to manage multiple priorities in a fast-paced environment.
Nice to Have
- Bachelor’s degree in Business Administration, Finance, Real Estate, or a related field.
Team & Environment
Works in partnership with Blackstone and April Housing leadership as part of the Asset Management team.
Benefits & Compensation
- Compensation: $145,000.00 To $160,000.00 Annually
- Health insurance coverage
- Retirement savings plan
- Paid holidays
- Paid time off (PTO)
April Housing is an equal opportunity employer prohibiting discrimination based on any legally recognized basis.
