Vice President of Asset Management

SUMMARY:
Under the general direction of the President, the Vice President of Asset Management is responsible for the fiscal accountability, operational performance, and physical plan management of the Agency’s multi-property residential portfolio, as well as supervision and oversight of FWHS Asset Managers and Facilities Coordinators. The Vice President of Asset Management will create and implement processes, procedures, and tools to optimize efficiency of the Asset Management team and financial and operational performance of the FWHS real estate portfolio.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned.
1. Manages, plans, and coordinates the activities of the Asset Management department, including all aspects of administration, budgeting, maintenance, and customer relations
2. Defines objectives and executes strategy for each asset including leasing, operations, and/ or capital improvements
3. Establishes and maintains property operation benchmarking including revenues, expenses, net operating income (NOI), return on investment, and cash flow and distribution analysis
4. Maintains a detailed understanding of factors affecting various markets and submarkets associated with portfolio and monitors market trends in value, cost, and supply/demand fundamentals
5. Conceptualize, implement and execute value-add strategies, including expense reductions, revenue optimization, , lease expiration management, asset repositioning, asset refinancing and hold/sell/recapitalization recommendations
6. Assist in managing the debt financing, refinancing, and asset dispositions
7. Establishes and oversees processes related to property reserves, makes recommendations for withdrawals as needed
8. Leads all aspects of budgeting, financial forecasts and adjustments to business plans across portfolio
9. Understands competitive positioning relative to rents, lease terms and overall occupancy
10. Maintains property specific compliance with loan documents and equity agreements
11. Oversees leasing and marketing plan for properties including lease up projections, estimated tenant improvement costs, marketing methods and prospect plans
12. Directly responsible for oversight and performance of FWHS asset managers, Facilities Coordinators, and various contractors
13. Evaluates the department’s performance by developing private sector standards, reviewing, and monitoring departmental business plans, attending meetings, and analyzing performance reports
14. Conducts quarterly internal asset valuations for all properties
15. Ensures accurate reporting, timely data production and audit support

16. Monitors maintenance and management activities of FWHS housing units to ensure decent, safe, and sanitary housing for FWHS residents
17. Ensures departmental compliance with applicable local, state, and federal regulations
18. Regularly meets with the Development Department to assess current needs
19. Prepares monthly, weekly, and special reports for submission to the President, Board of Commissioners, other departments, and HUD
20. Develops plans, specifications and cost estimates and plans for repairs associated with the maintenance of FWHS’ real estate assets
21. Stays abreast of public housing matters, tax credits developments, and opportunities by studying HUD regulations, laws, ordinances, and publications and by attending professional conferences, training, and meetings
22. Perform other duties as assigned

QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and /or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND LICENSING:
• Bachelor’s degree in Real Estate, Business, Finance, or related field from an accredited college or university.
• Must possess a current Texas Driver’s License, have a driving record in good standing, and be eligible for coverage under FWHS’s fleet vehicle insurance policy

SKILLS AND EXPERIENCE:
• Minimum ten (10) years’ experience in multifamily asset management; affordable experience preferred
• Minimum five (5) years’ direct management experience
• Proven track record of improving portfolio operations, including business plan development, execution and value creation
• Experience designing and improving asset management processes and systems
• Strong decision-making skills with the ability to think and act like an owner
• Analytical approach with a results-oriented mindset
• Knowledge of marketing strategies, processes, and available resources
• Knowledge of applicable laws, regulations, standards, policies, and procedures within specific programs
• Experience in budget preparation and fiscal management
• Knowledge of the low-income housing tax credit and tax-exempt bond programs
• Ability to communicate clearly and concisely, orally and in writing
• Ability to manage multiple priorities and multiple demands to accomplish tasks according to established requirements; anticipate potential problems and initiate appropriate corrective action
• High degree of personal motivation; strong work ethic
• Ability to maintain a strong network of internal and external relationships to support organizational goals.
• Ability to prepare and present ideas in English, in a clear and concise manner, both orally and in writing
• Must pass a pre-employment drug screening and criminal background check

TECHNICAL SKILLS:
• Must possess above-average skill with Microsoft Office suite of products and be capable of using internet resources for research and developing reports
• Ability to learn other computer software programs as required

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit, stand, walk, operate a computer and other office equipment, attend onsite and offsite meetings, and communicate in writing and verbally in person and via video conference, email, and phone.

While the work is primarily sedentary, walking, standing, bending, and carrying of items such as books, binders, files, and documents is required. The employee must occasionally lift and/or move up to 25 pounds.

The noise level in the work environment is usually quiet.

TELEWORK:
Following a probationary onboarding period, this position is eligible for teleworking, subject to the need for physical attendance as directed by the employee’s supervisor or required by the circumstances.