Asset Manager Associate

ABOUT THE CONNECTICUT HOUSING FINANCE AUTHORITY

Connecticut Housing Finance Authority (“CHFA”) is a self-funded, quasi-public organization. Its mission is to alleviate the shortage of housing for low-to moderate-income families and persons in the state of Connecticut (“State”) and, when appropriate, to promote or maintain the economic development of the State through employer-assisted housing efforts.

CHFA is a mission-driven leader in creating #affordablehousing opportunities for families and individuals in Connecticut. We believe in the power of the diverse and inclusive communities we serve. We provide a challenging, progressive, and supportive environment that encourages and promotes employee development.

We offer competitive salaries; tuition reimbursement; 457 deferred compensation, state sponsored pension plan, comprehensive health, dental, life, and disability plan, paid vacation, sick, and holidays, hybrid work schedule, ongoing training, career development and if qualified employee may be eligible for student loan forgiveness under Federal Loan assistance program.

ABOUT THE POSITION:

The Multifamily Asset Manager Associate will undergo on-the-job training to learn the fundamentals of asset management, financial markets, portfolio constructions, and risk and client relationship management under the guidance of a Manager, Team Leader, or a position of a higher grade. This training program is designed to prepare candidates for potential roles such as Multifamily Asset Manager 1.

SUPERVISION RECEIVED:

Receives direction from the Senior Program Officer, or a position of a higher grade.

SUPERVISION EXERCISED:

None.

POSITION SUMMARY:

• Participate in structured training programs focused on multifamily asset management, financial analysis, property operations, and real estate market trends.
• Work collaboratively to monitor and support the portfolio of affordable housing, both CHFA financed and otherwise documented, and that the properties and the residents meet requirements appropriately and adequately.
• Support senior asset managers in reviewing and processing multifamily housing development compliance and operations documentation and participate in construction and/or permanent loan applications and requisitions. Responsible for database information entry, analysis and reporting, processing financial reports, asset management servicing, and reviewing loan documents.
• Assist in evaluating potential investment opportunities, including acquisitions, refinancing, and dispositions, and help support the development of asset strategies.
• Assist in preparing internal and external performance reports, including investment summaries and property updates for stakeholders.
• Support the asset management team in overseeing property operations, including tenant relations, leasing, and property maintenance, ensuring properties are operating efficiently and aligning with financial goals.
• Learn how to create and monitor client portfolios, ensuring they align with investment objectives.

MINIMUM QUALIFICATIONS REQUIRED:

Bachelor’s degree in finance, business, accounting or related field. Experience in lieu of education will be considered.

OTHER REQUIREMENTS:

Requires strong analytical skills and knowledge of insurance, financial analysis, and principles of real estate. Requires solid organizational and interpersonal skills, and the ability to deal with different levels of management, both internal and external, and a willingness to adapt and learn new skills. Requires excellent verbal and written communication skills, accuracy, as well as strong computer skills, including Microsoft Word™, Excel™, and PowerPoint™.

ALL OTHER DUTIES AS ASSIGNED:

This is not an exclusive list of all job functions, and the employee is expected to complete all duties as assigned. Duties and responsibilities may be added, deleted, or changed at any time at the discretion of management, formally or informally. This job description in no way constitutes an employment contract or agreement.

CHFA is an equal opportunity/affirmative action employer and strongly encourages the application of women, minorities, veterans, and persons with disabilities.

CHFA EOE