Assistant Director, Asset Management - Arlington HQ

Role: Assistant Director, Asset Management

Reports to: Executive Director, TPC Homes

Program: 2400- Housing Development

Department: Housing Development/TPC Homes

Location: Arlington Administration - 2116 Arlington Ave., Suite 100, Los Angeles, CA 90018

Setting: Not 100% Onsite

Schedule: Monday - Friday, 9am - 5pm

Status: Full-time/Exempt/Non-Management

Benefits: Medical, Vision, Dental, Life Insurance, 403(b) Retirement plan, Employee Assistance Program (EAP), etc.

Openings: 1

Summary:

The People Concern has launched an affiliate organization, TPC Homes, focused on housing development, ownership and operations. We are committed to adding to the supply and improving the management of affordable and permanent supportive housing for individuals who have experienced, or are at risk of experiencing, homelessness through innovative approaches to partnerships, finance and construction. We are looking for an Assistant Director, Asset Management to oversee the ongoing financial performance and strategic management of our growing real estate portfolio. The Assistant Director will have the opportunity to work directly with senior TPC Homes leadership and other members of the development and property management teams to build out the new organization, contribute to decisions around strategic direction and develop best practices and standards for portfolio growth and management.

Essential Duties and Responsibilities:

• Act as primary point of contact for day-to-day matters on TPCH corporate activity for legal, accounting and other third parties.
• Manage regular upkeep of insurance, compliance, payment and financial reporting requirements across properties.
• In partnership with property management, prepare annual budgets for properties and long-term capital improvement plans and reserve studies.
• Prepare regular property financial reports for department, board and investor use.
• Track and analyze trends in financial performance data including NOI analysis, expense benchmarking against comparable properties, and identification of operational efficiency opportunities.
• Lead acquisition analysis and initial underwriting for new projects including market analysis, pro forma development, financing structure evaluation, and due diligence coordination.
• Maintain the TPCH website with regular project updates.
• Identify funding opportunities and lead the preparation of applications.
• Monitor debt service coverage ratios and ensure compliance with loan covenants across the portfolio.
• Work with development and property management teams on major capital improvements, incorporating sustainability upgrades and refinancing opportunities.
• Manage relationships with limited partners, lenders, and other stakeholders in existing developments.
• Oversee asset repositioning strategies, including potential sales, refinancing, or redevelopment opportunities.
  
  

Qualifications:

• High School Diploma, GED or Equivalent
• Minimum four (4) years related residential real estate asset management or comparable experience with a solid understanding of affordable housing finance and nonprofit real estate operations. Candidates should have the ability to successfully manage organization portfolio operations with minimal supervision.
• Ability to interpret financial reports and analyze data for trends and insights with specific focus on portfolio performance optimization.
• Ability to clearly communicate and synthesize complex financial information for senior leadership, board members, investors and outside parties.
• Experience in conducting financial audits and ensuring compliance with regulations.
• Proficiency in using financial modeling software, property management systems, and accounting software for analysis and reporting purposes.
• High level of comfort in joining a growing organization without established processes and procedures.
  
  

Preferred Qualifications:

• Bachelor's Degree
• Experience working with affordable and/or permanent supportive housing and related public funding sources, such as government loans and tax credits.
• Experience working in both property management and real estate ownership/asset management.
  
  

Work Environment:

• Field (may need to travel) and indoor office environment. Based primarily in Arlington HQ.
• Required to be in-office at least four days / week.
• Will be required to walk or drive to different local sites and events (Southern California area).
• Regularly required to sit, stand, bend and occasionally lift or carry up to 25 pounds on a regular basis.
• Will necessitate working in busy, dusty and loud environments around our unhoused clients at times, including parking in and near their current areas of residence.
• Will be exposed to elements like cold, heat, dust, noise and odor and other potential visual situations of this industry (homeless clients, skid row population, substance users etc.).
• May need to bend, stoop, twist, and sit throughout the day.
  
  

EXPECTED BEHAVIORS OF ALL STAFF

• Act as a role model
• Demonstrate a sense of responsibility
• Continuously learn and improve
• Acknowledge your own areas of improvement
• Hear and provide honest, specific and direct feedback
• Create an environment where everyone is welcomed valued and respected
• Collaborate
  
  

Equal Opportunity Employer

The People Concern is an equal opportunity employer dedicated to non-discrimination in employment. We select the most qualified individual for the job based on job-related qualifications regardless of race, color, age, sex, religion, national origin, disability, ancestry, marital status, credit history, sexual orientation, arrest and court record, genetic information, veteran status or any other status protected by federal, state or other applicable laws.  

About The People Concern

The People Concern empowers the most vulnerable among us to rebuild their lives. One of Los Angeles County’s largest social services agencies, The People Concern was formed in 2016 in a merger of two trusted social service organizations based in Los Angeles County, OPCC and Lamp Community. Informed by more than fifty-eight years of work in the community, The People Concern is a leading provider of, and advocate for, evidence-based solutions to the multi-faceted challenges inherent in homelessness and domestic violence.

With compassion and profound respect for those we serve, we provide a fully integrated system of care – including outreach, interim housing, mental and medical health care, substance abuse services, domestic violence services, life skills & wellness programs, and permanent supportive housing – tailored to the unique needs of homeless individuals, survivors of domestic violence, challenged youth, and others who have nowhere else to turn.

The People Concern’s model of integrated and comprehensive care empowers our participants to navigate the multi-faceted obstacles in their lives, become their best selves, and ultimately, connect with and contribute to their communities.

Benefits & Perks

• Medical Insurance
• Vision Insurance
• Dental Insurance
• Retirement Planning (403b) & Matching
• Paid Holidays
• Paid Vacation Days
• Paid Sick Days
• Employee Assistance Plans (EAP)
• TELUS Health
• Flexible Spending Account (FSA)
• Basic Life / Accidental Death & Dismemberment (AD&D)
• Voluntary Short- and Long-Term Disability
• Voluntary Pet Insurance
• Corporate Discounts: Discounts on Hotels, Theme Parks, Concerts, Movies, Restaurants & More
• The People Concern University & Certificates