Asset Manager

Asset Manager, National Field Operations

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging.

At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with an exceptional benefits package.

Job Description

The Asset Manager, National Field Operations position will provide front line relationship management for a specified portfolio of LIHTC projects. The position is responsible for : actively managing risks, analytical problem-solving, strategic engagement with the stakeholders of their portfolio of assets with a high degree of customer service, while gathering and sharing information from a diverse array of markets and programs.

Job Responsibilities

At the project level, the Asset Manager will actively identify and prioritize issues through proactive involvement and problem solving. Accurately analyze performance data, identify issues and their root causes through in-depth financial analysis and leveraging stakeholder relationships. Facilitate inter-company communication between cross-functional teams and coordinate their expertise to champion issue resolution and customer requests, with a focus on adding value for both the Sponsor and Investor. Consolidate various department's centralized analysis to communicate an encompassing message to our stakeholders. Proactively interact with area Originators and Underwriters to gain insights into markets, partners, the LIHTC industry and how Asset Management can add value and share expertise between departments. Develop Specific, Measurable, Achievable, Realistic and Timely (SMART) plans to ensure issues and requests are proactively ushered towards resolution. Conduct partner meetings with stakeholders (largely GP's and Sponsors) to : establish relationships with key players, better understand their organizational structure, identify primary business lines and their development pipeline, inquire about market influences and lessons learned, discuss regulatory policy changes, changes in sponsor policy and procedures, and shed light on any potential issues / concern. Conduct portfolio site visits to assess physical and compliance risks and make recommendations for improvement. Be a resource to provide thoughtful and informed recommendations based on experience, pulling in various teams / departments for participation when appropriate, and clearly understanding and articulating the benefit to the Partnership of recommendations.

Qualifications

• Industry relevant undergraduate degree and / or CPM Certification, HCCP Certification, or other industry recognized designations / certification / license.
• At least 2-3 years of real estate operations / LIHTC or other relevant industry experience.
• A broad understanding of affordable housing and ability to understand the details of, and advise others in, Low Income Housing Tax Credit program regulations.
• Familiarity with various subsidy and grant programs such as HOME, Section 8, SRO, NAHASDA, HOPWA, VA and Continuum of Care.
• Strong real estate financial and analytical skills, including underwriting / deal structure, comparative analysis, audit review and identification of underlying performance issues.
• The ability to lead groups of diverse stakeholders (GP / PM / legal counsel / state agencies, investors) through project level discussions.
• Strong negotiation skills with demonstrated ability to work through complex issues, not only understanding our goals, but also acknowledging the goals of the person with whom we are negotiating, determining their motive(s) and minimum needs, and negotiating for a win-win outcome.
• Ability to work independently and multi-task with competing deadlines during peak reporting times.
• Possesses critical thinking skills, offering opinions and a decisive course of action based on analysis of the fact set, drawing on internal staff across the department and / or business lines to support final recommendation.
• Incumbent is expected to demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member across Asset Management and Enterprise.
• Seeks opportunities to improve current systems / processes / tools, understanding that innovation is valued in our culture.
• Able to travel to and throughout multiple Enterprise properties, especially across the Five Boroughs of NYC.
• Able to walk properties in inclement weather.

Total Rewards at Enterprise

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing. Enterprise offers a comprehensive total rewards package for you and your family. The base salary for this role is $105,000 to $120,000, depending on level of skills and experience. The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs. At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as adoption and surrogacy support. Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits. We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions. Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications.