National Community Renaissance
Director of Asset Management
National Community Renaissance, Rancho Cucamonga, California, United States, 91739
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Director of Asset Management
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National Community Renaissance .
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Responsibilities
Oversee daily operations of the Asset Management department, providing oversight of staff activities, directives, and departmental systems.
Communicate proactively with the VP of Asset Management regarding issues impacting portfolio performance, risk, market trends, or stakeholder relationships.
Assist in developing and implementing strategic business plans and term sheets for each asset and the department.
Monitor asset performance quarterly, revisit strategies, ensure properties meet affordability and reserve funding requirements, and analyze long-term performance.
Identify properties for refinancing, re-syndication, or restructuring; work on exit strategies, appraisals, valuations, and dispositions.
Assist with feasibility reviews and due diligence for new projects, review project proformas, and reforecast budgets.
Support onboarding of new deals, including breakeven analyses.
Provide analytical support such as cash flow modeling, reforecasting, and market research.
Prepare quarterly portfolio reports and strategic recommendations, and assist in establishing executive reporting.
Develop relationships with brokers, lenders, investors, municipalities, and regulatory agencies.
Conduct site inspections, document property conditions, and develop corrective actions.
Coordinate with Risk Management on insurance requirements and risk mitigation.
Ensure compliance with external reporting requirements, including tax exemptions and bond arbitrage.
Participate in the annual budgeting process, review budgets, and assist in financial statement preparation and audits.
Collaborate with internal teams and external parties to achieve property goals.
Maintain records of best practices and reporting schedules.
Work independently, participate in projects, and conduct performance reviews.
Attend company events, which may include overnight stays.
Skills & Qualifications
Strong analytical and negotiation skills.
Proficiency in MS Word, Excel, Outlook, internet; MS Project is a plus.
Flexibility to work and travel as required.
Valid driver’s license, insurance, and vehicle.
Experience & Education
Four-year degree in a related field or equivalent industry experience.
At least 5 years in asset management or related real estate/affordable housing fields.
Knowledge of regulatory programs, the housing industry, and multi-family and senior communities.
Experience with HUD, Bond, Tax Credit, and conventional financing.
Proven problem-solving skills and ability to implement rapid turnaround plans.
Physical Requirements/Work Environment
Exposure to various weather conditions.
Standing, walking, sitting, driving, and operating office equipment.
Additional Details
FLSA Code: Exempt
Salary: $150,000 - $160,000 per year
Location: Pomona, CA
Employment Type: Full-time
Seniority Level: Director
Job Function: Finance and Sales
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Director of Asset Management
role at
National Community Renaissance .
Get AI-powered advice on this job and more exclusive features.
Responsibilities
Oversee daily operations of the Asset Management department, providing oversight of staff activities, directives, and departmental systems.
Communicate proactively with the VP of Asset Management regarding issues impacting portfolio performance, risk, market trends, or stakeholder relationships.
Assist in developing and implementing strategic business plans and term sheets for each asset and the department.
Monitor asset performance quarterly, revisit strategies, ensure properties meet affordability and reserve funding requirements, and analyze long-term performance.
Identify properties for refinancing, re-syndication, or restructuring; work on exit strategies, appraisals, valuations, and dispositions.
Assist with feasibility reviews and due diligence for new projects, review project proformas, and reforecast budgets.
Support onboarding of new deals, including breakeven analyses.
Provide analytical support such as cash flow modeling, reforecasting, and market research.
Prepare quarterly portfolio reports and strategic recommendations, and assist in establishing executive reporting.
Develop relationships with brokers, lenders, investors, municipalities, and regulatory agencies.
Conduct site inspections, document property conditions, and develop corrective actions.
Coordinate with Risk Management on insurance requirements and risk mitigation.
Ensure compliance with external reporting requirements, including tax exemptions and bond arbitrage.
Participate in the annual budgeting process, review budgets, and assist in financial statement preparation and audits.
Collaborate with internal teams and external parties to achieve property goals.
Maintain records of best practices and reporting schedules.
Work independently, participate in projects, and conduct performance reviews.
Attend company events, which may include overnight stays.
Skills & Qualifications
Strong analytical and negotiation skills.
Proficiency in MS Word, Excel, Outlook, internet; MS Project is a plus.
Flexibility to work and travel as required.
Valid driver’s license, insurance, and vehicle.
Experience & Education
Four-year degree in a related field or equivalent industry experience.
At least 5 years in asset management or related real estate/affordable housing fields.
Knowledge of regulatory programs, the housing industry, and multi-family and senior communities.
Experience with HUD, Bond, Tax Credit, and conventional financing.
Proven problem-solving skills and ability to implement rapid turnaround plans.
Physical Requirements/Work Environment
Exposure to various weather conditions.
Standing, walking, sitting, driving, and operating office equipment.
Additional Details
FLSA Code: Exempt
Salary: $150,000 - $160,000 per year
Location: Pomona, CA
Employment Type: Full-time
Seniority Level: Director
Job Function: Finance and Sales
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