What are the responsibilities and job description for the Senior Asset Manager (Affordable Housing) - Bethesda position at Veritas Partners?
RESPONSIBILITIES:
- Lead the identification, triage, and resolution of assets experiencing chronic cash flow deficits or operational distress.
- Develop, implement, and oversee property-specific action plans that result in property stabilization.
- Prepare and present recommendations to Senior Management.
- Find, investigate, and apply for project level grant or soft debt funding to help properties stabilize.
- Assist Transactions Team with dispositions and/or refinancings.
- Identify additional sources of ancillary income that can help a community stabilize.
- Manage, coach, and develop a team of workout-focused asset management professionals.
- Review and approve operating budgets, reforecasts, capital expenditure plans, and non-routine expenditures.
- Analyze financial statements, debt structures, reserve usage, and partnership arrangements.
- Partner with property management, development, compliance, and resident services teams to resolve complex asset challenges.
- Oversee site visits, physical needs assessments, inspection responses, and action plans.
- Oversee monthly, quarterly, and annual reporting for the workout portfolio.
- 8 years of affordable housing, LIHTC/multifamily experience.
- 3 years of workout experience.
- 5 years of direct people management experience.
- Bachelor’s degree required; Finance, Accounting, Business, or Real Estate preferred.