Asset Manager

Cahec Properties Corporation - Columbia, SC

Full-time - Mid Level

Remote - Columbia, SC

About the position

The Asset Manager at CAHEC Properties Corporation is responsible for overseeing a portfolio of affordable housing properties, ensuring their economic and physical health. This role involves data management, relationship management with financial partners, and coordination of recapitalization efforts. The position promotes personal growth and professional development within a supportive team environment.

Responsibilities

• Collect and interpret relevant data necessary for measuring the economic and physical condition of the properties.
• Work with property management and accounting staff to improve underperforming properties through budget processes and other actions.
• Provide monthly assessments of the portfolio to the supervisor on portfolio condition and property changes.
• Collaborate with third parties to implement recapitalization plans and lead recapitalization efforts.
• Develop and maintain knowledge of industry trends and asset management standards for affordable housing portfolios.
• Ensure periodic physical inspections of the properties and monitor correction of noted deficiencies.
• Work with lenders, grant providers, and federal and state agencies to obtain financing for recapitalization initiatives.
• Prepare necessary reports for financial partners and respond to stakeholders regarding recapitalizations.
• Maintain version control for portfolio databases and financial worksheets necessary to measure portfolio performance.
• Collaborate with team members to ensure budgets and schedules are maintained for properties undergoing recapitalization.

Requirements

• Bachelor's degree in planning, real estate, math, finance, business, accounting, or economics or related field; or equivalent work experience.
• 3 years of administrative experience in asset management or related field.
• Proven ability to demonstrate advanced proficiency in Microsoft Word and Excel.
• Knowledge of accounting principles to understand a property's financial condition through review of financial statements and audits.
• Working experience and knowledge of real estate development projections.
• Knowledge of the LIHTC Program and USDA programs related to affordable housing.

Nice-to-haves

• Proven ability to manage multiple, concurrent priorities and adapt to changing priorities.
• Excellent interpersonal and communication skills, particularly for conveying information related to portfolio performance.
• Ability to think analytically to develop and recommend effective solutions.

Benefits

• Paid holidays
• Health insurance
• Dental insurance
• 401(k) with 6% match
• Flexible spending account
• Paid time off
• Employee assistance program
• Vision insurance
• Life insurance
• Professional development assistance