Vice President of Portfolio Management

Description

• Foster collaboration across diverse communities, stakeholders, and partners.
• Demonstrate a heart-driven commitment to social justice through the strategic management of CCF’s real estate portfolio.
• Coordinate closely with Finance and Property Management to align cash flow management and budget performance.
• Negotiate terms with brokers and carriers to optimize coverage and cost efficiency.
• Guide the design, execution, and evaluation of community programs across regions.
• Implementing retention and succession strategies.
• Ensure operational consistency, fiscal discipline, and service excellence across all properties.
• Achieve and maintain 90% compliance with Service Provision requirements by December 31, 2028.
• Oversee administrative budgets and recommend resource allocation across divisions.
• Oversee the two-member Risk Management team in achieving its BHAG: Generate at least $1M in annual savings through effective risk mitigation by December 31, 2028.
• Achieve the VPPM BHAG: A self-sustaining portfolio contributing at least $3M annually to CCF’s growth and resident success by December 31, 2028.
• Resolve underperforming properties through financial restructuring, lender negotiations, or strategic dispositions.
• Oversee program budgets, staffing, and new service launches for both existing and developing sites.
• Recruiting, selecting, and developing talent.
• Collaborate with the President and COO to define and measure strategic portfolio goals.
• Oversee property operations, budget development, vendor management, training, tenant relations, and compliance.
• Direct all aspects of corporate and property insurance programs, claims, safety, and loss control.
• Review and approve portfolio budgets, underwriting, and compliance plans.
• Coordinate the transition of new projects from development to stabilization.
• Lead and support the four-member Asset Management team in achieving its BHAG: Ensure the long-term fiscal and physical health of the portfolio by December 31, 2028.
• Collaborate with General Counsel, HED, and Finance to minimize liability and ensure compliance.
• Collaborate with internal teams (HED, Compliance, Legal) and external partners to sustain and expand services.
• Managing corrective actions, conflict resolution, and terminations in compliance with CCF policies and applicable laws.
• Establish BHAGs and annual objectives for each sub-function; lead operational planning and reporting cycles.
• Motivating staff to embody CCF’s mission and pursue continuous excellence.
• Approve underwriting for new and existing developments to ensure long-term portfolio health.
• Conduct monthly Management by Objectives and Results (MOR) meetings with sub-function leaders and executive leadership.
• Achieve and maintain a three-year trailing Economic Occupancy rate of at least 93% by 2028.
• Lead and support a 32-member Community Services team focused on delivering high-impact resident programs aligned with LURA and CCF standards.
• Oversee all asset management operations, including property performance, lender/investor relations, compliance, and financial reporting.
• Drive continuous improvement and innovative revenue generation strategies across the portfolio.
• Develop and maintain forecasting tools to align risk exposure with portfolio growth.
• Provide executive oversight to a 166-member Property Management team responsible for daily operations of CCF’s real estate assets.
• Evaluate and optimize the organizational structure of Portfolio Management and its sub-functions.
• Establishing performance goals and conducting evaluations.
• Foster strong relationships with community stakeholders, public agencies, and residents to enhance property stability and reputation.

Requirements

• Deep knowledge of LIHTC (9% and 4%), HOME, CDBG, AHP, HUD financing, and other funding sources.
• Strong written and verbal communication skills for executive audiences, public forums, and board presentations.
• Proven ability to develop and execute complex strategic plans.
• Minimum 15 years of progressive experience in affordable housing development and management, including multi-state operations.
• Exceptional ability to analyze, interpret, and communicate complex financial, regulatory, and operational information.
• Education requirements will be waived for CCF employees meeting the 15 years-experience requirement.
• Proficiency in statistical analysis, ratios, and real estate performance metrics.
• Bilingual (English/Spanish) preferred.
• Skilled negotiator capable of balancing mission and business priorities.
• Ability to travel up to 25% of the time throughout the southwest.
• CPM (Certified Property Manager) designation desired.
• Advanced financial modeling and forecasting skills.
• Valid Driver’s License required.
• Strong critical thinking and problem-solving capabilities.
• Bachelor’s degree required; Master’s in Urban Planning or Real Estate Development preferred.
• Proven experience supervising multidisciplinary teams and managing large, complex portfolios.
• Ability to calculate amortizations, mortgage structures, and investment returns.

Benefits

• Annual salary range $195,000 to $248,000 DOE.
• 100% employer paid PPO medical, dental, and vision benefits.
• Retirement plans, death benefits, Flexible Spending Account (FSA) plan, and Employee Assistant Program (EAP).

Training + Development

Interview process

Visa Sponsorship

Security clearance