Northwest Real Estate Capital Corp.posted 7 months ago
Full-time - Mid Level
Remote - Great Falls, MT
Social Assistance

About the position

The Regional Portfolio Manager (RPM) is a pivotal role responsible for the comprehensive management of multifamily properties, ensuring both administrative and asset management excellence. This position requires the RPM to maintain a high standard of property appearance and maintenance, oversee revenue collections, and ensure compliance with agency regulations. The RPM will communicate property goals to site personnel and monitor their progress, ensuring that all operations are aligned with the financial and physical objectives set forth by ownership and agency guidelines. In this role, the RPM will be responsible for maintaining updated operations files, monitoring revenue collections, and managing notices to residents, including eviction processes when necessary. The RPM will collaborate closely with the compliance management team to ensure that all work performed meets expectations and will hold Property Managers accountable for compliance. Additionally, the RPM will be involved in hiring site team members, conducting training sessions, and performing employee reviews, including disciplinary actions when necessary. The RPM will also be responsible for reviewing and approving invoices for accounts payable and ensuring that all agency inspections are met with satisfactory responses. This role requires a minimum of three property visits annually, including a comprehensive unit inspection during one of those visits. The RPM will create annual budgets, conduct monthly financial reviews, and prepare quarterly variance reports for owners, lenders, and investors, ensuring transparent communication regarding financial performance and property management.

Responsibilities

  • Oversee the overall operation of multifamily properties, ensuring quality maintenance and appearance.
  • Monitor revenue collections and ensure 100% accounting of revenue at month-end.
  • Review and track notices to residents, including eviction processes when necessary.
  • Collaborate with compliance management to ensure work meets expectations and hold Property Managers accountable.
  • Hire site team members and conduct training for Property Managers and Maintenance Managers.
  • Perform employee reviews and manage disciplinary actions, including terminations if necessary.
  • Review and approve invoices for accounts payable and all Purchase Orders.
  • Attend agency inspections and address any concerns regarding the project.
  • Facilitate on-site communication and monitor property goals with the site team.
  • Visit properties a minimum of three times annually and conduct a 100% unit inspection during one visit.
  • Create annual budgets and conduct monthly financial reviews with quarterly variance reporting to owners, lenders, and investors.

Requirements

  • High school diploma or equivalent required; training in property or real estate management related to affordable housing is preferred.
  • Minimum of 5 years of experience managing multiple properties and teams of property staff.
  • Experience and/or training in affordable housing programs (Section 8, HUD, RD, Tax Credit, etc.) is required.
  • Proficient with Microsoft Office Suite or related software; experience using Yardi or another property management software is highly preferred.
  • Ability to supervise multiple employees and manage multiple projects, objectives, and deadlines.

Nice-to-haves

  • Experience in financial reporting and budget creation.
  • Strong negotiation skills and excellent interpersonal skills.
  • Familiarity with laws, regulations, and best practices applicable to hiring and recruitment.

Benefits

  • Competitive salary range of $70,000 - $75,000 yearly.
  • Work-from-home flexibility with regular travel to properties.
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