Senior Director of Asset Management

Description

• 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
• Assist with the preparation of budgets, capital expenditures, and tax information
• 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
• Reporting to limited partners and funders as required, ensuring connection to the PPL Executive Team
• Reviewing insurance and property tax status of each property and taking measures to assure proper insurance coverage and tax classification and valuations
• Establishing an Asset Management Plan for each owned property, clarifying management priorities consistent with PPL mission
• Maintaining all property records in a well organized, easy to retrieve system, for legally required time periods

Requirements

• Proficient in Microsoft Office products especially Excel. Experience with Yardi a plus
• Must have valid Minnesota drivers’ license and able to drive to inspect sites
• HSA or FSA Options
• Strong financial analysis skills essential to the review of the financial performance, capital needs and operating reserves of individual properties and a broader portfolio
• Knowledge of real estate financing and accounting
• 7-10 years experience in asset management, real estate investment management, commercial real estate finance, property management, real estate accounting or other closely related field
• Understanding of the various legal entity structures and their reporting requirements (e.g. LLC, LP, LLP)
• Familiarity with low-income housing funding mechanisms essential to development and operation of affordable housing properties
• Demonstrated problem solving skills in analyzing and recommending alternatives and solutions to funding issues, legal structure and operating issues related to an affordable housing portfolio
• BA/BS degree in Real Estate Management, Business, Finance or Accounting, or other related field. (additional education may substitute for experience)
• Demonstrated proficiency in the ability to read and interpret documents related to the Asset Management position

Benefits

• PTO & Paid Holidays
• Health & Dental Insurance
• Paid Parental Leave
• 403(b) Retirement Plan with Employer Match
• Employer-Paid Short & Long-Term Disability & Life Insurance
• Summer Half-Day Fridays (Memorial Day-Labor Day)

Training + Development

Interview process

Visa Sponsorship

Security clearance