Director of Property Management

Company Overview

MDG Design and Construction / Development Services, an affordable housing developer, with over 30 years of excellence and industry leader real estate firm that develops and constructs high quality affordable housing, based in Woodbury, NY seeks a Director of Property Management.

Overview

This pivotal role will work with external property managers and other third parties and internal accounting, construction, development, and executive staff to monitor the MDG portfolio of PACT projects during construction lease-up as well as stabilized assets. The Director of Property Management will monitor property management progress on NYCHA projects and post-closing activities, financial metrics, and property manager performance metrics to assist executives in maximizing cash flow and making strategic decisions.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Work with accounting staff to review financial performance of properties and obtain answers from property management to questions and review results with executives.
• Work with development staff on specific transaction such as year 15 dispositions or property sales.
• Review stabilized leasing activity, collections, and follow up with property managers to ensure completion.
• Review violations, compliance with regulations and proposed or recommended physical improvements and follow up with property managers to ensure completion.
• Coordinate with internal and external property managers to confirm budgets and procedures are being followed.
• Probe property managers to ensure sites are well maintained.
• Increase cash flow through analysis of financial reports prepared with the assistance of accounting staff and work with executives to identify strategies to increase property value.
• Liaise with property manager, syndicator, lender and relevant governmental agencies on all reporting requirements and requests to ensure that property managers are response and submitting regular reports as required.
• Track progress of construction timeline, participating in tracking relocation activities invoices and budgets as related to the development budget, environmental close out
• Track financial stability of the project completion and stabilization requirements post construction.
• Participate in resident meetings and continue relationships with resident leaders at the various sites.

EDUCATION / EXPERIENCE REQUIREMENTS:

• Bachelors Degree Required·
• 3 years of real estate, with a specific focus on residential assets in the New York City metro area with an understanding of federal, state and city affordable housing programs.

KNOWLEDGE / SKILLS:

• General understanding of affordable housing, property management, and construction
• Desire to learn other aspects of affordable housing including underwriting, legal structures and compliance rules
• Proficient in MS Office; Word, Excel, Outlook-Calendar
• Must have outstanding verbal and written communication and outstanding customer service skills
• Strong organizational, analytical problem solving and time management skills, combined with attention to detail.
• Self-Motivated and ability to prioritize tasks and projects with limited direction and time constraints and meet deadline.
• Ability to be resourceful and proactive in dealing with issues that may arise
• Must be a good culture fit: Professional presence, open-minded, positive attitude and team player
• Strong ability to work independently and proactively complete tasks without needing explicit instructions.
• Flexible with moving priorities and deadlines.
• Strong communication skills