Senior Director of Asset Management

About PPL

Project for Pride in Living (PPL) is a nonprofit organization dedicated to empowering low-income individuals and families to become self-reliant through integrated services in housing, employment, and education. We believe in the power of community and the potential of every person. When joining PPL, you become a part of a diverse team whose goal is to assist our residents and communities with the groundwork they need not only to survive but also to thrive.

Job Summary

Project for Pride in Living (PPL) is seeking a strategic and mission-driven Senior Director of Asset Management to lead the stewardship of its real estate portfolio; residential and commercial. This role is responsible for maintaining the value of the real estate as assets to PPL and to the communities.

The Senior Director will oversee long-term asset planning, compliance, investment and portfolio analysis, ownership responsibilities ensuring alignment with PPL’s mission to build stronger communities through housing, employment, and education.

Key Responsibilities

• Monitoring performance of portfolio of low-income housing units plus commercial space, especially monitoring financial performance, physical condition and capital expenditures, advising of opportunities for improvement of troubled properties and recommending corrective action
• Establishing an Asset Management Plan for each owned property, clarifying management priorities consistent with PPL mission
• Reviewing insurance and property tax status of each property and taking measures to assure proper insurance coverage and tax classification and valuations
• Reporting to limited partners and funders as required, ensuring connection to the PPL Executive Team
• Working closely with PPL’s compliance team, monitoring compliance with all funding and other requirements for all owned properties
• Reviewing, recommending and implementing new financing or ownership structures for existing portfolio, as appropriate
• Maintaining all property records in a well organized, easy to retrieve system, for legally required time periods

Supervisory Responsibilities

Serve as supervisor to Associate Director of Asset Management and Real Estate Project Analyst.

Qualifications

Experience

Education

Benefits

Hours

Full time, Exempt

Salary

$125,000-$150,000 / annually DOQ

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