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About the Role

The Asset Manager at Mission Housing Development Corporation acts as Owner's Representative concerning the physical and financial status of assigned properties, protecting the portfolio's financial health and long-term viability. The role requires strong analytical, financial, and Excel skills.

Responsibilities

Create, review, and approve annual property management budgets in collaboration with Property Management.
Ensure property conditions and operations meet Mission Housing’s standards for resident health and safety, and long-term portfolio stability in coordination with property management.
Meet reporting requirements and inquiries from regulatory and financing partners within deadlines.
Monitor property operating results against budgets, analyze variances, provide feedback, and implement improvements.
Interpret financial statements and property audits to recommend improvements for property financial performance, including analysis of loan and regulatory structures to enhance property performance and/or cash flow.
Identify and manage properties on the watch list/critical list.
Manage construction draws for small-scale capital improvement projects.
Create and update asset business plans focused on identifying and mitigating property-related risks.
Perform and monitor property inspections, including annual inspections.
Identify opportunities for refinancing.
Lead commercial tenant lease negotiations and lease execution.
Manage capital needs assessments and develop capital plans.
Work as part of a dedicated and supportive Asset Management team.
Develop consensus within and between diverse groups, treating people with respect and compassion.
Resolve conflicts through negotiations and maintain relationships during difficult situations.
Meet deadlines and work well under pressure, utilizing effective time management for competing demands.
Collaborate with the AM team, PM, Services, MHDC departments, city agencies, and partners, using creative and innovative solutions.
Interpret and comment on financial statements and legal documents.
Review contracts and capital/operating expenditures, presenting them for approval with clear cost/benefit and risk analysis, adhering to corporate guidelines.
Stay current with the latest funder and regulatory regulations for housing programs in San Francisco and California.
Represent Mission Housing Development Corporation professionally.
Understand and commit to the mission and philosophy of Mission Housing Development Corporation.
Perform other duties as appropriate and consistent with Mission Housing's mission, including occasional community-building activities, programs, and events.

Requirements

Bachelor's degree in real estate, finance, business, or a related field is strongly preferred.
Experience in affordable housing is required.
Minimum of one year of real estate, asset management, and/or property management experience, preferably within affordable housing or multifamily real estate with exposure to commercial real estate.
Certified Property Manager (CPM) or Certified Housing Asset Management (CHAM) designation is strongly preferred.
Ability to negotiate and lead decision-making processes within Mission Housing leadership and with external parties.
Strong time management and organizational skills with attention to detail.
Technical project management skills.
Advanced proficiency in MS Office suite (especially Excel) and property management software like YARDI.
Excellent written, verbal communication, and relationship management skills.
Extensive problem-solving abilities and flexibility while remaining focused on solutions.
Ability to sit, use hands, reach, talk, and hear regularly.
Ability to occasionally stand, walk, and drive.
Ability to occasionally lift and/or move up to 20 pounds.

Skills

Analytical skills
Financial skills
Excel proficiency
Negotiation skills
Time management
Organizational skills
Attention to detail
Technical project management
MS Office suite proficiency
Property management software proficiency (YARDI)
Written communication
Verbal communication
Relationship management
Problem solving
Flexibility

Location

San Francisco

Work Type

Hybrid
Full-Time

Experience Level

Minimum of one year of experience

Education Level

Bachelor's degree preferred
Certified Property Manager (CPM) designation strongly preferred
Certified Housing Asset Management (CHAM) designation strongly preferred

Salary/Compensations

$105,000.00-$115,000.00 per year, DOE

Benefits

Medical plan
Dental plan
Vision plan
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’s vision is vibrant communities where everyone has secure, affordable, and sustainable housing.

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.
Mission Housing is a drug-free workplace as required by the “Drug-Free Workplace Act of 1988.”

Asset Manager at Mission Housing Development Corporation | CA, US | Rezi