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About the Role

The Senior Asset Manager will maintain Mission Housing’s high-quality assets and design/implement strategies within the multifamily unit. This role optimizes portfolio performance through strategic, mid-to-long-term planning and short-term project execution, providing financial, physical, regulatory, and administrative services for affordable rental communities.

Responsibilities

• Independently monitor property management firms' activities and report significant information.
• Lead and monitor third-party property management in lease-ups for new construction and occupied rehabs.
• Identify, evaluate, and recommend capital improvement and replacement projects, including energy efficiency retrofits.
• Manage LIHTC capital accounts through annual analysis and exit tax projections.
• Collaborate with development and finance teams on rehab and re-syndication opportunities.
• Work with Mission Housing’s team to achieve portfolio, new construction, and acquisition goals.
• Establish a feedback loop with Asset Managers and project development teams to capture learnings.
• Collaborate with Resident Services to ensure service effectiveness.
• Represent Mission Housing’s ownership concerns and coordinate with teams to ensure lease-up, marketing, and maintenance align with plans and regulations.
• Ensure development goals are met on time.
• Create and refine reporting procedures, databases, and systems for data collection and project tracking.
• Directly supervise Asset Managers, managing their performance, development, and training.
• Review and analyze monthly property financial statements.
• Review annual operating budgets to ensure multi-year plan implementation.
• Ensure properties meet financial goals as projected and required.
• Contribute to the preparation of audited financial statements and ensure timely surplus distributions.
• Represent Mission Housing to stakeholders, partners, lenders, and community members.
• Create asset management plans for Mission Housing’s operating portfolio.
• Perform monthly site inspections and oversee physical risk management.
• Manage insurance for the portfolio, including claims and coverage levels.
• Oversee the creation and maintenance of physical specifications to maintain design integrity and improve the portfolio.
• Lead and perform due diligence on proposed new acquisitions and make recommendations.
• Research partnership agreements, financing documents, and regulatory agreements to identify constraints.
• Negotiate with partners and/or lenders to amend agreements.
• Facilitate approval processes with lenders and/or investors.
• Prepare and review all reporting information due to investors/lenders.
• File welfare exemptions and business entity forms.
• Complete other assigned tasks related to real estate asset management, policy development, budgets, planning, record maintenance, and administration.
• Perform other duties consistent with Mission Housing’s mission, including participation in community-building activities.

Requirements

• Experience working in affordable housing with multiple layers of funding.
• Experience applying for, closing, and managing 4% and/or 9% Tax Credit Applications with TCAC, CDLAC, and applicable lenders.
• Experience applying for and obtaining funding from HCD, HUD, and other non-San Francisco-based funding sources.
• Minimum of 3-5 years of real estate finance or asset management experience, preferably within 100% affordable housing or multifamily real estate.
• Experience with budgeting, forecasting, and performing financial analysis.
• Experience with compliance with regulatory agreements.
• Ability to negotiate independently on behalf of Mission Housing Development Corporation.
• Strong time management and organizational skills with attention to detail.
• Technical project management skills.
• Advanced proficiency in MS Office suite.
• Advanced proficiency in property management software, e.g., YARDI.
• Excellent written communication skills.
• Excellent verbal communication skills.
• Excellent relationship management skills.
• Extensive problem-solving abilities.
• Flexibility while remaining focused on solutions.
• At least 5 years’ experience supervising other employees.

Skills

• Financial analysis
• Budgeting
• Forecasting
• Regulatory compliance
• Negotiation
• Time management
• Organizational skills
• Attention to detail
• Project management
• MS Office suite proficiency
• YARDI proficiency
• Written communication
• Verbal communication
• Relationship management
• Problem-solving
• Supervisory skills

Location

• San Francisco

Work Type

• Hybrid
• Full-Time

Experience Level

• Senior
• 3-5 years of real estate finance or asset management experience
• At least 5 years’ experience supervising other employees

Education Level

• Bachelor's degree in real estate, finance, business, or related field strongly preferred
• Certified Housing Asset Management (CHAM) designation strongly preferred

Salary/Compensations

• $110,000.00 to $130,000.00 per year, DOE

Benefits

• Medical
• Dental
• Vision
• Retirement plan

About the Company

• Mission Housing Development Corporation is a private nonprofit housing developer founded in 1971.
• Mission Housing's mission is to strengthen communities and build equity by creating and preserving service-rich affordable housing.
• We own 40 affordable housing buildings serving 3,500 families, seniors, and formerly unhoused San Franciscans.
• Mission Housing vision is vibrant communities where everyone has secure, affordable, and sustainable housing.
• Mission Housing is a drug-free workplace as required by the “Drug-Free Workplace Act of 1988.”

Equal Opportunity

• Mission Housing is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, color, ethnic background, religion, sex, sexual orientation, age, national origin, or disabilities.
• Please let us know if you need any reasonable accommodations.
• Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.