2 Jobs in Dorchester, MA
Dorchester Bay Economic Development is Hiring a Remote Asset Manager
- Analyze properties’ operational performance, through review of the monthly financials, physical condition, and program compliance, identifying any current areas of risk, future vulnerabilities and opportunities to better meet DBEDC’s objectives
- Manage all commercial leasing, approve individual capital improvement proposals, and monitor the implementation of capital improvements and/or specific maintenance enhancements where needed
- Review, approve, and present annual operating and capital budgets prepared by the third-party property managers for approval
- Direct and evaluate our contracted residential and commercial property management contracts
- Hold monthly meetings with key staff of each of our three management compan
yies to review property performance benchmarks and to establish action plans for sustainability or corrective action, as required - Monitor property reserve funds to ensure that required deposits, withdrawals and minimum balances are maintained
- Collaborate with the Finance and Real Estate teams to manage short and long-term cash flow needs
- Identify the maturity of any property debt and the need, if required, to restructure or refinance
- Facilitate the transition of all properties from real estate development to asset management operations
- Provide support and input into real estate development operating projections and design and specifications
- Establish and maintain deal books for all properties
- Make regular asset management presentations to the Real Estate Committee of the Board
- Establish and maintain annual asset management plan by property
- Establish and build upon asset management metrics, benchmarks and goals for the portfolio
- Work collaboratively with Resident and Community Engagement staff at DBEDC or contracted service groups
- Track and monitor various compliance reports and inspections required by lenders and syndicators
- Visit properties at least once per year or on as needed basis
- Ensure properties have adequate and effective insurance and tax abatements are filed if needed
- Oversee security contracts with outside vendors
- Manage with the management firms the implementation of green energy initiatives such as solar installation to lower carbon emissions at our properties
- Prepare monthly reports for DBEDC’s CEO that capture operating performance and liquidity issues.
- Encourage, motivate, and support professional development.
- Support staff development by establishing performance expectations and work plans to meet goals and objectives.
- Monitor staff progress toward performance expectations (objectives) and adjusting work plans as necessary to accomplish them.
- Are committed to DBEDC’s mission, an understanding of racial equity it’s the importance in housing and community development
- Values Differences: Recognizes the value of different perspectives and commits to inclusion, equity, and diversity in every aspect of work
- Have five to seven years of experience in asset management, property management, or other directly relevant experience
- Strong mathematic ability and strong financial analysis ability
- In depth understanding of real estate, partnership structures, the low- income housing tax credit (LIHTC) program, and other affordable housing finance programs
- Ability to interpret and analyze the business terms in legal documents and financial projections
- Strong critical thinking and ability to resolve property performance issues and opportunities
- Strong execution and organization skills and demonstrated experience in prioritizing and executing multiple priorities seamlessly
- Exceptional attention to detail
- Exceptional English language proficiency including written and verbal communication skills
- Excellent computer skills, including spreadsheet, database management software, word-processing, CRMs, and ability to learn new technologies
- Can successfully pass a background check
- Have experience working for a managing general partner in an asset management, development, or property management role
- Have experience working with both residential and commercial properties and with property finance
- Possess a Master’s Degree in Business, Real Estate, Public Administration or equivalent accreditation is helpful
- CHAM or other certification in property or asset management
- Conversational knowledge of Spanish, Haitian Creole, Cape Verdean Creole
- (5) Generous cost-sharing medical insurance packages for selection and no eligible waiting period.
- Employer paid Dental and Vision coverage
- Flexible Spending Account and Dependent Care Assistance program
- Short-Term Disability, Long-Term Disability, Life and Accident Death
- Commuter Benefits Program
- Employee Wellbeing On-Demand Services
- Perks at Work Program
- 3 personal days
- 3 weeks’ vacation to start
- Birthday leave
- 15 sick days
- 17 paid holidays
- 5 volunteer days
- 403 (b) plan with generous employer contribution
- Flexible hybrid work environment
- Don’t be discouraged from applying if you don’t “check all the boxes”. We appreciate the uniqueness of candidates and there is no “perfect’ resume!
- Salary range: $100,000 - $120,000.
Job Summary
Full Time
Civic & Environmental Advocacy
$98k-153k (estimate)
05/15/2023
05/13/2024
dbedc.org
BOSTON, MA
<25
1979
DARYL WRIGHT
$10M - $50M
Civic & Environmental Advocacy
Related Companies
About Dorchester Bay Economic Development
Dorchester Bay EDC was founded in 1979 by local civic associations to address the problems of economic disinvestment, unemployment, crime, community tensions and the shortage of quality affordable housing undermining Boston's Dorchester neighborhoods. Today, with both economic growth and income inequality on the rise, many of these problems remain as we face new challenges such as gentrification and displacement. Our mission is more relevant than ever before. Visit www.dbedc.org to learn more about our efforts to support strong people in sustaining stronger, more secure and safer neighborhoods ...
.
More
Show Less
The job skills required for Asset Manager include Asset Management, Business Administration, Problem Solving, etc. Having related job skills and expertise will give you an advantage when applying to be an Asset Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Asset Manager. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Asset Manager positions, which can be used as a reference in future career path planning. As an Asset Manager, it can be promoted into senior positions as a Top Asset Management Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Asset Manager. You can explore the career advancement for an Asset Manager below and select your interested title to get hiring information.
If you are interested in becoming an Asset Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Asset Manager for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Asset Manager job description and responsibilities
Preparing risk analyses and financial, investment, and asset management reports.
03/16/2022: New Brunswick, NJ
Reviewing policies and making recommendations for potential adjustments.
03/05/2022: New Britain, CT
Researching relevant markets and identifying trends and patterns.
03/09/2022: Lowell, MA
Liaising and negotiating with fund directors, property managers, attorneys, auditors, etc.
03/01/2022: Stamford, CT
Designed and executed asset management procedures and processes to maintain control and to monitor the accountability, maintenance and contracts.
02/15/2022: Memphis, TN
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Asset Manager jobs
Government agencies, non-profit organizations, and companies are required to provide comprehensive reports on how they acquire, utilize, and dispose of assets.
01/10/2022: Miami, FL
Digitize and automate Asset Management.
02/22/2022: Petaluma, CA
Don’t work to one-year objectives.
02/22/2022: Somerset, NJ
Previous experience as an analyst or asset manager is an advantage.
02/11/2022: Stockton, CA
Knowledge in doing risk analyses and financial, investment, and asset management reports is a plus.
02/18/2022: Syracuse, NY
Step 3: View the best colleges and universities for Asset Manager.
Similar Jobs
Popular Articles
