Real Estate Asset Manager

Title:                    Real Estate Asset Manager        

Location:            50 East 168th Street, Bronx, NY 10452

Reports to:       Senior Vice President, Affordable Housing Asset Management

About Us:

The Women’s Housing and Economic Development Corporation (WHEDco) is a community development organization founded on the radically simple idea that all people deserve to live in healthy, vibrant communities.  We build award-winning, sustainable, affordable homes – but our work is not over when our buildings are complete.  WHEDco believes that to be successful, affordable housing must be anchored in strong communities of which residents can be proud. WHEDco’s mission is to create and bridge access in the South Bronx to resources that support thriving neighborhoods – from stable, affordable housing to high-quality early childhood and school-age youth education programs, comprehensive family and community services, business and entrepreneur assistance, and cultural programming. See www.whedco.org for more information.

Job Summary:  

The Asset Manager supports WHEDco’s Housing/Real Estate Department by managing capital projects, ensuring the financial and environmental sustainability of our building operations, and analyzing and acting upon building operations data.

Responsibilities:

• Manage compliance needs with NYC and funding agencies. Coordinate responses for reporting and requests from all agencies. Update and maintain calendar with critical due dates for reporting, inspections and other key tasks. Expected to provide guidance on all compliance- related issues and become the point-person for all inquiries.
• In coordination with the Senior Vice President of Affordable Housing Asset Management, develop and maintain asset management systems and procedures, including creating and updating property dashboards, dealbooks, preventative maintenance plans, and long-term capital plans.
• Conduct financial analysis and provide recommendations on arrears, budgeting, capital plans, cost containment strategies and cash flow proformas.
• Support Senior Asset Manager as a project manager for capital projects, including new construction and renovation. Communicate with architects, engineers, contractors; track budgets, change orders and submittals; report to government agencies and investors; and coordinate with impacted residents and staff.
• Maintain, organize and archive critical documents, including loan documents, insurance records, building plans and records.
• Initiate and shepherd the vendor payment process from inception to final delivery.
• Manage WHEDco’s utility accounts and energy benchmarking.
• Research and recommend capital improvement projects that enhance energy efficiency, sustainability, and resiliency in WHEDco buildings.
• Engage residents, building maintenance, and WHEDco staff in recycling, waste reduction and other sustainability practices that reduce building operating expenses while increasing the quality of life for building residents and WHEDco clients.
• Works with Safewatch to manage facility security and reception.
• Assist the housing/real estate department with additional projects as necessary.

Qualifications:

• Bachelor’s degree in real estate development/finance, property management, urban planning or business, preferable in the affordable housing space. Master’s degree preferred, but not required.
• Minimum industry job experience of 3 years
• Preferred a minimum of 2 years’ experience working for NYC agencies (HPD, HDC, HRA, etc.) or in a position with direct contact or reporting responsibilities to agencies
• Strong organizational skills, with keen attention to detail. The ideal candidate will possess a passion for order and efficiency.
• Strong project management, financial and analytical skills.
• Strong proficiency in Microsoft Excel and other Microsoft Office applications. The ideal candidate will be comfortable navigating and analyzing reports from various sources and can pick up new platforms relatively easily.
• Strong verbal and written communication skills.
• Pro-active problem-solver and avid team player. Must have the ability to remain focused in a fast-paced environment.
• Demonstrated commitment to affordable housing and work in low-income communities.

Excellent benefits and competitive salary based on experience. This position is full-time hybrid, with specific on-site days established by Director of Real Estate. There is an expectation of in-person work at least one day per week. This arrangement accommodates occasional meetings with contractors or property inspections, which require in-person attendance.

WHEDco affords all qualified applicants equal employment opportunities without discrimination because of race, creed (religion), color, sex, national origin, sexual orientation, military status, age, disability, predisposing genetic characteristic, marital status or domestic violence victim status, or any other category protected by law. WHEDco follows the requirements of the New York Human Rights Law with regard to non-discrimination on the basis of prior criminal conviction and prior arrest.

WHEDco is an E-Verify employer. E-Verify is an Internet-based system that compares information entered by an employer from an employee’s Form I-9, Employment Eligibility Verification, to records available to the U.S. Department of Homeland Security and the Social Security Administration to confirm employment eligibility.

Salary : $65,000 - $75,000