Mission Economic Development Agency.
Senior Financial Asset Manager
Mission Economic Development Agency., San Francisco, California, United States, 94199
Title:
Senior Financial Asset Manager (FT, Exempt)
Reports to:
Associate Director Asset Management
Pay Range:
$100,000 - $115,000
Location:
San Francisco, CA.
This is a hybrid position, and candidates must be able to work three days per week in our San Francisco office.
Apply Here:
https://medasf.bamboohr.com/careers/176
JOIN OUR MEDA TEAM
At MEDA, we find meaning and fulfillment in investing in people’s lives. We work collaboratively to close the opportunity gap for low-to-moderate-income Latino families in San Francisco’s Mission District by providing them access to affordable housing, career and small-business development, education, and more.
YOUR CAREER OPPORTUNITY
As the Senior Financial Asset Manager with the Community Real Estate (CRE) team at MEDA, you will play a pivotal role in our mission to prevent family displacement in the Mission and San Francisco through housing preservation and production. The CRE team oversees a diverse portfolio exceeding $100 million, comprising over 36 small sites, 4 tax credits, and 5 RAD properties. Your duties will include monitoring operational performance, fostering relationships with joint venture partners and funders, assessing physical conditions, ensuring program compliance, and evaluating market viability for both residential and commercial properties.
You will serve as the primary liaison, representing MEDA's long-term ownership interests to internal and external stakeholders, establishing clear objectives, resolving issues, and providing oversight in alignment with our strategic goals.
Your dedication to community preservation, excellent communication skills, financial acumen, proactive mindset, and effective project and team management abilities will be instrumental in this role.
Duties and Responsibilities
The work of the asset management unit is dynamic and evolves with the growth of the CRE Team. Core areas of your work, among other duties and responsibilities, will entail:
Real Estate Portfolio Management:
Support the Associate Director in implementing and aligning strategies and achieving outcomes for Community Real Estate in anti-displacement.
Identify and manage financial risks related to the real estate portfolio, including preparing ongoing financial evaluations and recommendations.
Research partnership agreements, financing documents, regulatory agreements, tax returns, and other pertinent sources to align with ownership objectives.
Guide the financial and physical strength of MEDA’s overall portfolio and ensure compliance with lenders and investors.
Analyze monthly property budget-to-actual results by comparing them to proforma and key performance indicators (KPIs).
Monitor and manage property debt, identifying opportunities for refinancing and negotiating as needed.
Develop Lender Covenant Schedule, Property Fee Schedule(s), LPA requirements, and a Real Estate Owned (REO) Schedule in coordination with Finance.
Stay updated on industry trends, market conditions, and regulatory changes impacting the portfolios.
Cross-Functional Collaboration:
Work closely with the Asset Manager of SSP and the Finance team to analyze portfolio financial data, identifying trends, risks, and optimization opportunities.
Collaborate with Preservation to develop precise pro forma financials and long-term financial plans for new acquisitions.
Offer Asset Management insights to Production throughout all stages of new project development.
Manage cash flow, capital expenses, reserve funding, and owner distribution projections in partnership with Finance.
Support the Finance team by addressing auditor inquiries during annual audits and tax filings.
Identify and mitigate portfolio-wide-related risk; oversight of property insurance-related matters.
Tax-Credit/RAD Portfolio:
Represent the owner's operation interests in joint venture partnerships.
Ensure compliance with tax credit and RAD regulatory requirements.
Manage annual budgeting processes in collaboration with JV partners and conduct monthly financial assessments.
Oversee the property management entity in accordance with long-term objectives for the tax credit portfolio.
Coordinate with property management teams to optimize operational efficiency.
Conduct regular site visits and inspections to assess property conditions.
YOUR KEYS TO SUCCESS
Bachelor’s degree in real estate, finance, business, or related field.
Minimum of 7 years of real estate industry experience, preferably affordable housing.
Asset Management Specialist (AMS) or Certified Housing Asset Management (CHAM) designation is a plus.
Demonstrated financial acumen and ability to present analytical findings.
Strong management skills, with a focus on data management and achieving results.
Experience in project management with time-sensitive deadlines.
Strong financial pro forma skills, including proficiency in Microsoft Excel and Yardi.
Spanish fluency is preferred.
YOUR MEDA EXPERIENCE
Joining MEDA means having meaningful experiences that develop achievers. We find meaning and fulfillment in our work as we see our community thrive.
We offer a market-leading benefits program that reflects MEDA's values and mission.
Comprehensive medical, vision, and dental insurance for employees and their dependents.
401(k) plan for employees.
Generous paid time off - a minimum of 20 days for new employees.
Employee Assistance Program offering free financial or legal counseling.
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
#J-18808-Ljbffr
Senior Financial Asset Manager (FT, Exempt)
Reports to:
Associate Director Asset Management
Pay Range:
$100,000 - $115,000
Location:
San Francisco, CA.
This is a hybrid position, and candidates must be able to work three days per week in our San Francisco office.
Apply Here:
https://medasf.bamboohr.com/careers/176
JOIN OUR MEDA TEAM
At MEDA, we find meaning and fulfillment in investing in people’s lives. We work collaboratively to close the opportunity gap for low-to-moderate-income Latino families in San Francisco’s Mission District by providing them access to affordable housing, career and small-business development, education, and more.
YOUR CAREER OPPORTUNITY
As the Senior Financial Asset Manager with the Community Real Estate (CRE) team at MEDA, you will play a pivotal role in our mission to prevent family displacement in the Mission and San Francisco through housing preservation and production. The CRE team oversees a diverse portfolio exceeding $100 million, comprising over 36 small sites, 4 tax credits, and 5 RAD properties. Your duties will include monitoring operational performance, fostering relationships with joint venture partners and funders, assessing physical conditions, ensuring program compliance, and evaluating market viability for both residential and commercial properties.
You will serve as the primary liaison, representing MEDA's long-term ownership interests to internal and external stakeholders, establishing clear objectives, resolving issues, and providing oversight in alignment with our strategic goals.
Your dedication to community preservation, excellent communication skills, financial acumen, proactive mindset, and effective project and team management abilities will be instrumental in this role.
Duties and Responsibilities
The work of the asset management unit is dynamic and evolves with the growth of the CRE Team. Core areas of your work, among other duties and responsibilities, will entail:
Real Estate Portfolio Management:
Support the Associate Director in implementing and aligning strategies and achieving outcomes for Community Real Estate in anti-displacement.
Identify and manage financial risks related to the real estate portfolio, including preparing ongoing financial evaluations and recommendations.
Research partnership agreements, financing documents, regulatory agreements, tax returns, and other pertinent sources to align with ownership objectives.
Guide the financial and physical strength of MEDA’s overall portfolio and ensure compliance with lenders and investors.
Analyze monthly property budget-to-actual results by comparing them to proforma and key performance indicators (KPIs).
Monitor and manage property debt, identifying opportunities for refinancing and negotiating as needed.
Develop Lender Covenant Schedule, Property Fee Schedule(s), LPA requirements, and a Real Estate Owned (REO) Schedule in coordination with Finance.
Stay updated on industry trends, market conditions, and regulatory changes impacting the portfolios.
Cross-Functional Collaboration:
Work closely with the Asset Manager of SSP and the Finance team to analyze portfolio financial data, identifying trends, risks, and optimization opportunities.
Collaborate with Preservation to develop precise pro forma financials and long-term financial plans for new acquisitions.
Offer Asset Management insights to Production throughout all stages of new project development.
Manage cash flow, capital expenses, reserve funding, and owner distribution projections in partnership with Finance.
Support the Finance team by addressing auditor inquiries during annual audits and tax filings.
Identify and mitigate portfolio-wide-related risk; oversight of property insurance-related matters.
Tax-Credit/RAD Portfolio:
Represent the owner's operation interests in joint venture partnerships.
Ensure compliance with tax credit and RAD regulatory requirements.
Manage annual budgeting processes in collaboration with JV partners and conduct monthly financial assessments.
Oversee the property management entity in accordance with long-term objectives for the tax credit portfolio.
Coordinate with property management teams to optimize operational efficiency.
Conduct regular site visits and inspections to assess property conditions.
YOUR KEYS TO SUCCESS
Bachelor’s degree in real estate, finance, business, or related field.
Minimum of 7 years of real estate industry experience, preferably affordable housing.
Asset Management Specialist (AMS) or Certified Housing Asset Management (CHAM) designation is a plus.
Demonstrated financial acumen and ability to present analytical findings.
Strong management skills, with a focus on data management and achieving results.
Experience in project management with time-sensitive deadlines.
Strong financial pro forma skills, including proficiency in Microsoft Excel and Yardi.
Spanish fluency is preferred.
YOUR MEDA EXPERIENCE
Joining MEDA means having meaningful experiences that develop achievers. We find meaning and fulfillment in our work as we see our community thrive.
We offer a market-leading benefits program that reflects MEDA's values and mission.
Comprehensive medical, vision, and dental insurance for employees and their dependents.
401(k) plan for employees.
Generous paid time off - a minimum of 20 days for new employees.
Employee Assistance Program offering free financial or legal counseling.
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
#J-18808-Ljbffr