Victory Housing Corporate Office
Asset Management Associate
Victory Housing Corporate Office, Rockville, Maryland, us, 20849
Rockville, Maryland
The Asset Management Associate will managea portfolio of senior and affordable housing assets, with a focus on maximizingvalue and minimizing risk. The Asset Management Associate will work closelywith the Asset Management team to implement strategic initiatives and improveoperational performance. The ideal candidate will have a deep understanding ofthe real estate market, strong analytical skills, excellent communicationskills, and a proven track record of maximizing asset performance.
KEY JOBRESPONSIBILITIES:Analyze and manage the financial and physical performance of a portfolio of senior and affordable housing propertiesReview and analyze operating results to identify areas of opportunity for cost savings and increased revenue. Present results and recommendations to senior leadership teamCollaborate with the Property Management, Finance, Development, and Accounting teams, to ensure alignment with overall business objectives and ensure seamless operationsParticipate in regular meetings with senior management to discuss portfolio performance and strategic initiativesSupport efforts to improve overall energy efficiency by identifying opportunities and funding sources to help meet organization's resiliency goalsConduct regular property inspectionsAssist in the preparation of property budgetsParticipate in due diligence and overall transaction supportTrack and report insurance claimsManage Capital Expenditure process, including directingbudget process, reviewing unbudgeted requests, and managing replacementreservesPrepare the monthly financials dashboard and provide an analysis of opportunities identifiedFollow up with Regional Managers on variance questions regarding expense overages and income shortfallsManage Subsidy Programs, including review of rent and expense increases; ensure rent studies and Utility Analysis are being completed in accordance with individual contracts. Confirm accurate audit, insurance, and tax expensesQUALIFICATIONS:
Bachelor'sdegree required, preferably with course work in finance, economics, realestate, or related fieldsDemonstratedinterest in affordable housing and/or senior housing or related areasExperiencein real estate finance, asset or property management, preferred, particularlyin affordable housing real estateStrongwriting and presentation skills, with the ability to analyze data and presentinformationAbilityto work both independently and on a team, as well as to multi-task and meetdeadlinesProficiencywith Microsoft Excel, Word, Outlook, PowerPoint, & Teams; Yardi andSmartsheet also helpfulStrongcommunication skillsAbleto work in office or in the field, as directed
We offer a competitive benefits andsalary package, including free parking and free gym access.
Victory Housing is an Equal OpportunityEmployer committed to providing an inclusive work environment for staff,clients, volunteers and service partners. Victory Housing's employment,advancement and recruitment processes ensure diversity in terms of age, color,disability, ethnicity, gender, gender identity or expression, marital status,national origin or ancestry, race, religion, sexual orientation, geneticinformation, and/or military or veteran status.
The Asset Management Associate will managea portfolio of senior and affordable housing assets, with a focus on maximizingvalue and minimizing risk. The Asset Management Associate will work closelywith the Asset Management team to implement strategic initiatives and improveoperational performance. The ideal candidate will have a deep understanding ofthe real estate market, strong analytical skills, excellent communicationskills, and a proven track record of maximizing asset performance.
KEY JOBRESPONSIBILITIES:Analyze and manage the financial and physical performance of a portfolio of senior and affordable housing propertiesReview and analyze operating results to identify areas of opportunity for cost savings and increased revenue. Present results and recommendations to senior leadership teamCollaborate with the Property Management, Finance, Development, and Accounting teams, to ensure alignment with overall business objectives and ensure seamless operationsParticipate in regular meetings with senior management to discuss portfolio performance and strategic initiativesSupport efforts to improve overall energy efficiency by identifying opportunities and funding sources to help meet organization's resiliency goalsConduct regular property inspectionsAssist in the preparation of property budgetsParticipate in due diligence and overall transaction supportTrack and report insurance claimsManage Capital Expenditure process, including directingbudget process, reviewing unbudgeted requests, and managing replacementreservesPrepare the monthly financials dashboard and provide an analysis of opportunities identifiedFollow up with Regional Managers on variance questions regarding expense overages and income shortfallsManage Subsidy Programs, including review of rent and expense increases; ensure rent studies and Utility Analysis are being completed in accordance with individual contracts. Confirm accurate audit, insurance, and tax expensesQUALIFICATIONS:
Bachelor'sdegree required, preferably with course work in finance, economics, realestate, or related fieldsDemonstratedinterest in affordable housing and/or senior housing or related areasExperiencein real estate finance, asset or property management, preferred, particularlyin affordable housing real estateStrongwriting and presentation skills, with the ability to analyze data and presentinformationAbilityto work both independently and on a team, as well as to multi-task and meetdeadlinesProficiencywith Microsoft Excel, Word, Outlook, PowerPoint, & Teams; Yardi andSmartsheet also helpfulStrongcommunication skillsAbleto work in office or in the field, as directed
We offer a competitive benefits andsalary package, including free parking and free gym access.
Victory Housing is an Equal OpportunityEmployer committed to providing an inclusive work environment for staff,clients, volunteers and service partners. Victory Housing's employment,advancement and recruitment processes ensure diversity in terms of age, color,disability, ethnicity, gender, gender identity or expression, marital status,national origin or ancestry, race, religion, sexual orientation, geneticinformation, and/or military or veteran status.