VP Asset Management East

Job Description

• Strategic Leadership:
  • Develop and implement asset management strategies aligned with the company’s mission and goals.
  • Provide leadership and direction to property management teams, ensuring alignment with organizational objectives.
• Financial Oversight:
  • Monitor and analyze financial performance of properties, including budgets, forecasts, and financial reports.
  • Identify opportunities for revenue enhancement and cost reduction to maximize asset value.
  • Reviewing monthly and year to date property and portfolio operating performance
  • Recommending methods to strategically improve portfolio performance to improve cash flow and increase value
  • Prepare investment recommendation reports for new construction and rehabilitation including a market assessment, proposed construction scope, and accompanying operating performance
• Portfolio Management:
  • Oversee a diverse portfolio of affordable housing properties, ensuring optimal occupancy levels and tenant satisfaction.
  • Conduct regular property inspections and performance evaluations to assess operational efficiency.
  • Schedule and evaluate periodic compliance reviews
  • Physically inspect each property within their portfolio with regular cadence
  • Prepare periodic property management company reviews based on asset performance and in-person talent evaluations
• Compliance and Risk Management:
  • Ensure compliance with federal, state, and local regulations, as well as company policies and procedures.
  • Implement risk management strategies to mitigate potential liabilities.
  • Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio
• Stakeholder Engagement:
  • Build and maintain strong relationships with key stakeholders, including, Blackstone, investors, government agencies, and community organizations.
  • Represent the company at industry events and forums to promote its mission and objectives.
  • Maintain effective lines of communication with all partners, management companies, and internal departments
• Team Development:
  • Mentor and develop property management teams, fostering a culture of excellence and accountability.
  • Conduct performance evaluations and provide ongoing training and support.
  • Coach, mentor, train and manage a team of AVPs, AMs and analysts
• Reporting and Analysis:
  • Prepare and present regular reports on portfolio performance to senior management and the board of directors.
  • Utilize data analytics to drive decision-making and improve operational performance.

• Bachelor’s Degree – preferably in Real Estate or Finance
• 9+ years of real estate experience, with a preference for multifamily asset or portfolio management
• Experience in Section 42 housing preferred
• Microsoft Excel proficiency required
• Financial acumen
• Strong communication skills
• Leadership ability
• Personal commitment to making a positive difference in affordable housing
• Communicates Effectively: Communicates with direction and inspiration.  Consolidates facts and opinions to deliver compelling messages to teams. Considers various points of view and collaborates with peers and partner departments to deliver results
• Drives Results: Plans workstreams in line with standards set by leadership and follows up to ensure teams are delivering to standards set. Stays abreast of current results vis a vis targets and moves team forward actively to deliver on targets.  Relies on data and analytics to determine options for enhancing results.
• Plans and Aligns: Takes key organizational initiatives and develops detailed plans optimizing resources and time to deliver upon them.  Considers budget, personnel and timing implications when delivering upon plans. Ensure all team members required have a common plan and the resources, tools and processes to ensure  deliverables are met
• Manages Ambiguity: Can comfortably manage teams through "the gray" providing guidance and indicating when a pivot is necessary.  Ensures the team moves forward seamlessly even when a change of course is required.  Details what is required when working with ambiguity and keeps the team focused in these times
• Develops Talent/Professional Development: Helps establish development plans for all critical talent.  Is active in providing feedback of all types so that teams can become optimized, including eliminating talent that is consistently underperforming and securing, rewarding and promoting talent that is high performing and high potential
• Resilient: Works with the team to encourage strong performance and morale even when results are lacking.  Inspires others to keep moving forward with purpose and belief in executing the strategic plan.  Celebrates successes and encourages when things don’t go as planned.