Arbor Management, LLC
Asset Manager
Arbor Management, LLC, Wilmington, Delaware, us, 19894
About Us :
Arbor Management, LLC, a leading affordable apartment management company, is seeking an experienced Asset Manager to join our team of skilled and dedicated professionals. Our award-winning company manages a diverse portfolio of affordable rental communities in 9 Mid-Atlantic and Northeastern states.
Job Summary :
The Asset Manager is responsible for overseeing financial analytics and the physical condition of Arbor Management, LLC communities. This role involves strategic planning, financial analysis, and collaboration with the property management team and Development Division to ensure properties achieve their financial and operational goals. The Asset Manager will report to the VP/Director of Property Management with an indirect line to the Executive Vice President of Leon N. Weiner & Associates, Inc. and Arbor Management, LLC.
Responsibilities
ESSENTIAL DUTIES AND ACCOUNTABILITIES
Oversee the performance of affordable housing properties, ensuring they meet financial and operational goals.
Conduct regular financial analysis and reporting, including budgeting, forecasting, and variance analysis.
Develop and implement strategic plans to optimize property performance, including identifying opportunities for cost savings and revenue enhancement.
Monitor market trends and conditions to inform strategic decision-making and ensure properties remain competitive within their market.
Request Section 8 property rent increases annually and utilize HUD programs to mark properties up to market rents when allowable.
Monitor special claims filed with the HUD contract administrator when circumstances require it.
Ensure timely and accurate reserves for withdrawal requests.
Prepare an accurate and timely utility analysis for each property.
Work closely with the management team and Development Division to properly structure property rents, utility schedules, operating expense budgets, and reserve deposits.
Maintain a process for reviewing real estate tax assessments and managing tax appeals as necessary.
Develop and manage capital improvement plans with the Facilities and Maintenance Division and the property management team.
Understand all investor, lender, and agency reporting requirements.
Identify and mitigate risks associated with property operations and financial performance.
Manage ancillary revenue contracts and maximize financial benefits.
Qualifications
Required Education and Experience:
A bachelor’s degree in accounting, finance, real estate, business administration, or a related field is preferred.
Two (2) to five (5) years of experience in asset management, preferably in affordable multifamily property management.
CHAM Asset Management Training Certificate holder or willingness to obtain certificate within 1 year anniversary of first annual review process.
Knowledge and experience with the Low-Income Housing Tax Credit Program is a plus.
Knowledge and experience with other affordable housing programs centered on HUD and Rural Development is a plus.
Yardi experience is a plus.
Strong financial acumen with experience in budgeting, forecasting, and financial analysis.
Ability to learn quickly and desire to understand the complexities of the affordable housing business.
Ability to multi-task and manage projects simultaneously.
Excellent communicator with proven ability to interface with a broad array of employees, stakeholders, and housing partners.
Required Skills/Abilities:
Ability to prepare internal and external written reports such as risk assessments and management plans.
Knowledge of applicable federal and state regulations and policies.
Excellent communication skills both verbally and in writing.
Excellent organizational, analytical, and people skills, with keen attention to detail.
Excellent computer skills and proficiency in financial analysis and spreadsheet modeling.
Ability to determine the market value of property.
Physical Requirements:
Prolonged periods sitting at a desk and working on a computer.
Ability to stand and walk for extended periods.
Must be able to lift up to fifteen (15) pounds at times.
Valid driver's license for traveling purposes.
Ability to travel within Arbor’s 9-state portfolio.
We are proud to be an Equal Opportunity Employer that Values Diversity & Inclusion.
Accommodation is available for applicants with disabilities in all phases of the application and employment process.
Great Benefits : Arbor Management, LLC offers a competitive salary and benefits package including matching 401k, dental insurance, medical insurance, disability benefits, prescription drug coverage, life insurance, paid personal time, wellness programs, and paid vacations.
For immediate and confidential consideration, please apply through this job posting. Relocation is not available for this position.
Job Type: Full-time
Pay: From $85,000.00 per year
Benefits:
401(k)
401(k) matching
Dental insurance
Health insurance
Life insurance
Paid parental leave
Paid time off
Retirement plan
Vision insurance
Wellness program
Physical Setting:
Office
Schedule:
Day shift
Monday to Friday
Work Location: In person
#J-18808-Ljbffr
Arbor Management, LLC, a leading affordable apartment management company, is seeking an experienced Asset Manager to join our team of skilled and dedicated professionals. Our award-winning company manages a diverse portfolio of affordable rental communities in 9 Mid-Atlantic and Northeastern states.
Job Summary :
The Asset Manager is responsible for overseeing financial analytics and the physical condition of Arbor Management, LLC communities. This role involves strategic planning, financial analysis, and collaboration with the property management team and Development Division to ensure properties achieve their financial and operational goals. The Asset Manager will report to the VP/Director of Property Management with an indirect line to the Executive Vice President of Leon N. Weiner & Associates, Inc. and Arbor Management, LLC.
Responsibilities
ESSENTIAL DUTIES AND ACCOUNTABILITIES
Oversee the performance of affordable housing properties, ensuring they meet financial and operational goals.
Conduct regular financial analysis and reporting, including budgeting, forecasting, and variance analysis.
Develop and implement strategic plans to optimize property performance, including identifying opportunities for cost savings and revenue enhancement.
Monitor market trends and conditions to inform strategic decision-making and ensure properties remain competitive within their market.
Request Section 8 property rent increases annually and utilize HUD programs to mark properties up to market rents when allowable.
Monitor special claims filed with the HUD contract administrator when circumstances require it.
Ensure timely and accurate reserves for withdrawal requests.
Prepare an accurate and timely utility analysis for each property.
Work closely with the management team and Development Division to properly structure property rents, utility schedules, operating expense budgets, and reserve deposits.
Maintain a process for reviewing real estate tax assessments and managing tax appeals as necessary.
Develop and manage capital improvement plans with the Facilities and Maintenance Division and the property management team.
Understand all investor, lender, and agency reporting requirements.
Identify and mitigate risks associated with property operations and financial performance.
Manage ancillary revenue contracts and maximize financial benefits.
Qualifications
Required Education and Experience:
A bachelor’s degree in accounting, finance, real estate, business administration, or a related field is preferred.
Two (2) to five (5) years of experience in asset management, preferably in affordable multifamily property management.
CHAM Asset Management Training Certificate holder or willingness to obtain certificate within 1 year anniversary of first annual review process.
Knowledge and experience with the Low-Income Housing Tax Credit Program is a plus.
Knowledge and experience with other affordable housing programs centered on HUD and Rural Development is a plus.
Yardi experience is a plus.
Strong financial acumen with experience in budgeting, forecasting, and financial analysis.
Ability to learn quickly and desire to understand the complexities of the affordable housing business.
Ability to multi-task and manage projects simultaneously.
Excellent communicator with proven ability to interface with a broad array of employees, stakeholders, and housing partners.
Required Skills/Abilities:
Ability to prepare internal and external written reports such as risk assessments and management plans.
Knowledge of applicable federal and state regulations and policies.
Excellent communication skills both verbally and in writing.
Excellent organizational, analytical, and people skills, with keen attention to detail.
Excellent computer skills and proficiency in financial analysis and spreadsheet modeling.
Ability to determine the market value of property.
Physical Requirements:
Prolonged periods sitting at a desk and working on a computer.
Ability to stand and walk for extended periods.
Must be able to lift up to fifteen (15) pounds at times.
Valid driver's license for traveling purposes.
Ability to travel within Arbor’s 9-state portfolio.
We are proud to be an Equal Opportunity Employer that Values Diversity & Inclusion.
Accommodation is available for applicants with disabilities in all phases of the application and employment process.
Great Benefits : Arbor Management, LLC offers a competitive salary and benefits package including matching 401k, dental insurance, medical insurance, disability benefits, prescription drug coverage, life insurance, paid personal time, wellness programs, and paid vacations.
For immediate and confidential consideration, please apply through this job posting. Relocation is not available for this position.
Job Type: Full-time
Pay: From $85,000.00 per year
Benefits:
401(k)
401(k) matching
Dental insurance
Health insurance
Life insurance
Paid parental leave
Paid time off
Retirement plan
Vision insurance
Wellness program
Physical Setting:
Office
Schedule:
Day shift
Monday to Friday
Work Location: In person
#J-18808-Ljbffr