Senior Asset Manager - Orlando Neighborhood Improvement Corporation

Job Description

Job Description

Ask Yourself?

Are you a strategic, results-oriented asset management professional looking to make a meaningful difference while deepening your expertise in affordable housing?

Are you an expert in preserving, managing, and strengthening a portfolio of affordable housing properties?

Would you like to join an award-winning nonprofit whose mission is building and maintaining affordable communities with enhanced services in Central Florida?

Why?

The Orlando Neighborhood Improvement Corporation (ONIC) is expanding their team with a new Senior Asset Manager position. ONIC's approach to affordable housing is carried out through Asset Management focused on maintaining the investment of the portfolio. The organization is dedicated to preserving, managing, and strengthening the existing portfolio of affordable housing properties. This involves addressing physical and financial needs of ONIC's owned properties, which over time require comprehensive renovations to be of sound quality and affordability. A priority for ONIC is to address the physical needs of the existing portfolio of properties. The current focus leading into the next five years is on completing strategic redevelopments and comprehensive rehabs and including sustainability and overall facility improvements.

Want to know more, visit Homepage - Orlando Neighborhood.

What Will You Do as ONIC's Senior Asset Manager?

The Senior Asset Manager, under the direction of the CFO, will be responsible for the oversight and management of the operating real estate portfolio owned and operated by ONIC, its affiliates, and its partnerships. The ideal candidate will have a deep understanding of the affordable housing market, strong financial acumen, and a proven track record in asset management. ONIC's existing portfolio, which includes 12 properties and 1,501 units, serves an essential role in providing affordable housing in an increasingly competitive market. By executing its focused asset management strategy, ONIC will ensure that these properties continue to serve as vital housing resources for low-to-moderate income residents.

Responsibilities include :

• Oversee and manage a diverse portfolio of affordable housing assets, including oversight of the financial and physical condition of the properties, budgets, cash management, and long-term planning.
• Monitor all debt and equity financing requirements, including HUD and Section 42 LIHTC compliance.
• Evaluate and manage property management performance while identifying and managing refinancing and repositioning opportunities across the portfolio.
• Develop and implement strategies to maximize asset value and minimize risk including energy efficiency, insurance structuring, emergency preparedness, compliance, and property management policies.
• Prepare and present annual and quarterly progress reports to the CFO, CEO, Board of Directors, and Board Committees; maintain reporting compliance for investors, lenders, and all partners.
• Coordinate with resident services the needs of residents and resident boards; ensure that resident programs are budgeted for, and that property management is assessed as needed.
• Manage and coordinate the work of project teams including architects, contractors, engineers, consultants and property managers to ensure adherence to project budget and schedule, cost containment, regulatory compliance, and quality control.
• Negotiate agreements or secure bids; review bids presented by the property management companies and make recommendations for changes or approval to ONIC leadership.
• Oversee marketing and lease up programs for new properties in coordination with the real estate development team and CFO.

Key Lived Experiences, Attributes and Skillsets of the Senior Asset Manager