COMMUNITIES FIRST, INC
Director of Asset Management
COMMUNITIES FIRST, INC, Detroit, Michigan, United States, 48228
Communities First, Inc.
is a Michigan-based nonprofit 501c3 whose mission is to build healthy, vibrant communities through economic development, affordable housing and innovative programming. CFI is focused on providing safe, quality affordable housing, increasing economic opportunities, and improving the quality of life of the populations that the organization serves.
Job Summary:
The Director of Asset Management will oversee and optimize the performance of Communities First, Inc.’s diverse portfolio of assets. The Director of Asset Management will be responsible for development and execution strategies to maximize value, efficiency, and profitability of CFI’s real estate portfolio.
Essential Functions:
Provide financial analysis and underwriting of various real estate projects
Effectively research and summarize real estate entitlement information, rental and sale comparables, market data, property ownership, planning documents, and funding applications and requirements
Assist in the assembly of funding applications
Evaluate and accurately summarize property historical financial income and expenses and discounted cash flows using excel and other tools
Assist with property and project development and operating budgets
Assist with project construction management and portfolio management
Maintain and update reports for database
Assist with administrative tasks (scanning, filing, document search and delivery)
Learn and facilitate the ongoing development of a filing system and coordinate storing and arranging of records to meet administrative, legal, and financial requirements
Schedule meetings, create agendas and prepare and disseminate minutes/notes from meetings
Assist with calendar reminders to meet internal and external deadlines
Assist with project acquisition activities and feasibility assessments
Assist with property insurance policies
Assist with preparing capital needs budget with leadership team
Assist with commercial and residential Leasing and finding prospective users
Assist in the creation of specialized documents for presentations to community groups, potential funders, partner organizations, and other stakeholders
Education:
Undergraduate or Graduate degree preferred.
Required Knowledge, Skills, Abilities, Training, and Experience:
Strong ability to understand financial return metrics (IRR, ROE) and valuation techniques.
Strong proficiency in Microsoft Office suite (Excel, PowerPoint, Outlook, Word) and Adobe Acrobat.
Knowledge of accounting and finance related to real estate.
Effective interpersonal skills which enables working with others to elicit information, think creatively, and work independently.
Knowledge of FHLB, CDBG, HOME, MSHDA funding and other comparables.
Strong work ethic and initiative; desire to work in an entrepreneurial, team-based environment.
Effective oral, written, and presentation skills.
Desire to grow and learn professionally in a fast-paced environment.
Ability to prioritize multiple projects and tasks and take direction when needed.
Equal Employment Opportunity & ADA Compliance:
Communities First, Inc. provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Equal employment opportunity applies to all terms and conditions of employment including hiring, placement, promotion, termination, layoff, recall, transfer, leave of absence, compensation, and training. To ensure equal employment opportunities to qualified individuals with a disability, Communities First, Inc. will make reasonable accommodations for the known disability of an otherwise qualified individual, unless undue hardship on the operation of the organization would result. We support and promote equal employment opportunity, human dignity, and racial, ethnic, and cultural diversity by taking positive steps to eliminate barriers that may exist in hiring and in employment practices. Discrimination of any type will not be tolerated.
This job description does not list all of the duties of the job. Other duties and responsibilities may be assigned. This job description may be revised at any time. This job description is not a contract for employment and either the employee or the employer may terminate employment at any time, for any reason or no reason.
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is a Michigan-based nonprofit 501c3 whose mission is to build healthy, vibrant communities through economic development, affordable housing and innovative programming. CFI is focused on providing safe, quality affordable housing, increasing economic opportunities, and improving the quality of life of the populations that the organization serves.
Job Summary:
The Director of Asset Management will oversee and optimize the performance of Communities First, Inc.’s diverse portfolio of assets. The Director of Asset Management will be responsible for development and execution strategies to maximize value, efficiency, and profitability of CFI’s real estate portfolio.
Essential Functions:
Provide financial analysis and underwriting of various real estate projects
Effectively research and summarize real estate entitlement information, rental and sale comparables, market data, property ownership, planning documents, and funding applications and requirements
Assist in the assembly of funding applications
Evaluate and accurately summarize property historical financial income and expenses and discounted cash flows using excel and other tools
Assist with property and project development and operating budgets
Assist with project construction management and portfolio management
Maintain and update reports for database
Assist with administrative tasks (scanning, filing, document search and delivery)
Learn and facilitate the ongoing development of a filing system and coordinate storing and arranging of records to meet administrative, legal, and financial requirements
Schedule meetings, create agendas and prepare and disseminate minutes/notes from meetings
Assist with calendar reminders to meet internal and external deadlines
Assist with project acquisition activities and feasibility assessments
Assist with property insurance policies
Assist with preparing capital needs budget with leadership team
Assist with commercial and residential Leasing and finding prospective users
Assist in the creation of specialized documents for presentations to community groups, potential funders, partner organizations, and other stakeholders
Education:
Undergraduate or Graduate degree preferred.
Required Knowledge, Skills, Abilities, Training, and Experience:
Strong ability to understand financial return metrics (IRR, ROE) and valuation techniques.
Strong proficiency in Microsoft Office suite (Excel, PowerPoint, Outlook, Word) and Adobe Acrobat.
Knowledge of accounting and finance related to real estate.
Effective interpersonal skills which enables working with others to elicit information, think creatively, and work independently.
Knowledge of FHLB, CDBG, HOME, MSHDA funding and other comparables.
Strong work ethic and initiative; desire to work in an entrepreneurial, team-based environment.
Effective oral, written, and presentation skills.
Desire to grow and learn professionally in a fast-paced environment.
Ability to prioritize multiple projects and tasks and take direction when needed.
Equal Employment Opportunity & ADA Compliance:
Communities First, Inc. provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Equal employment opportunity applies to all terms and conditions of employment including hiring, placement, promotion, termination, layoff, recall, transfer, leave of absence, compensation, and training. To ensure equal employment opportunities to qualified individuals with a disability, Communities First, Inc. will make reasonable accommodations for the known disability of an otherwise qualified individual, unless undue hardship on the operation of the organization would result. We support and promote equal employment opportunity, human dignity, and racial, ethnic, and cultural diversity by taking positive steps to eliminate barriers that may exist in hiring and in employment practices. Discrimination of any type will not be tolerated.
This job description does not list all of the duties of the job. Other duties and responsibilities may be assigned. This job description may be revised at any time. This job description is not a contract for employment and either the employee or the employer may terminate employment at any time, for any reason or no reason.
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