Community Investments Portfolio Asset Manager - CIBC

Location: Chicago, IL

Job Type: Full Time

Job Number: 2320998

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com. Full post available here.

Asset Management Analyst, The National Equity Fund, Inc. - Chicago, IL

The National Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits, is seeking an Asset Management Analyst in the Chicago office to provide analytical and technical support to the Asset Manager. The Analyst will collect, input and review construction, marketing and leasing reports; conduct compliance reviews and property site visits; complete analysis of quarterly and annual operating results; undertake research projects; and establish and maintain project files and databases.

The qualified candidate must have a bachelor’s degree in real estate finance, economics, business, accounting or related field. Must have a minimum 3 years’ experience in real estate; finance, rent-restricted multifamily asset or property management; or community development. Experience and technical knowledge of Section 42 and real estate syndication is preferred. Strong written and presentation skills also preferred. Knowledge of multifamily real estate development including market analysis; deal structuring; basics of construction and rehabilitation; affordable housing operations; property management; and financial analyses is required. Keen analytical skills and attention to detail with strong financial skills and knowledge is essential. Must have proficient computer skills; word-processing, spreadsheet and presentation software. Ability and willingness to travel is required.

We offer a competitive salary along with a comprehensive benefits package. Submit resume and cover letter with salary requirements by fax (312) 360-0804, email rhall@nefinc.org or mail to The National Equity Fund, Human Resources Department,
10 S. Riverside Plaza, 17th Floor, Chicago, IL 60606.
NEF IS AN EQUAL OPPORTUNITY EMPLOYER 

Asset Manager, Clifford Beers Housing, Inc. - Los Angeles, CA

Asset Manager

Job posted by: Clifford Beers Housing, Inc.

Posted on: June 12, 2015

Job description

POSITION ANNOUNCEMENT

Job Title: Asset Manager

Location: Los Angeles, CA

Department: Asset Management

Reports To: Executive Director

Hours: M-F plus some evening, weekends, and holidays

Pay Rate: DOE/DOQ plus flexible benefits

FLSA Status: Exempt

Category: Administrative

Supervision Responsibilities: None

Summary: Clifford Beers Housing ("CBH") seeks a full time Asset Manager ("AM") to oversee the portfolio management and administration of CBH's operating properties to ensure long term performance, regulatory and investor compliance, and quality of life for CBH's housing development projects and its tenants. The AM will be responsible for all asset management and compliance reporting associated with CBH's portfolio which includes 7 completed projects totaling 310 units primarily throughout Los Angeles County. Additionally, CBH is under construction on 25 units and another 76 units are in predevelopment.

Essential Duties and Responsibilities: This is not an exhaustive task list, and other duties may be assigned as deemed appropriate or necessary by the supervisor or program director. 

Works hand in hand with the Housing Development Director during submittal of housing development applications as related to operating budgets and proformas, rent restrictions, welfare tax exemptions, fair housing issues, supportive service plans

• Acts as liaison to the service provider and other operational issues as necessary
• Transitions projects from construction to completion and turnaround underperforming properties
• Responsible for all asset management and compliance reporting associated with CBH's portfolio which includes 7 completed projects totaling 310 units primarily throughout Los Angeles County

• Responsible for overseeing an independent property management company responsible for the property management of CBH's portfolio, conducts periodic building and tenant file inspections, prepares annual operating budgets, prepares projections of cash flow and residual receipts calculations, prepares needs assessment and capital budgeting
• Coordinate with independent accountants in the preparation and review of audited financial statements as well as performing other financial analysis as required
• Oversees all leasing activities
• Research, as necessary, partnership agreements, financing documents, regulatory agreements and other sources to determine financial, statutory, and regulatory reporting requirements
• Prepares and ensures all regulatory, lender and investor compliance
• Prepares and submit initial and on an annual basis, all documentation to ensure welfare tax exemption
• Ensures approval of annual property and liability insurance to all respective parties involved in transactions as well as minimize risk to CBH's portfolio
• Ensures that required building's business licenses and permits are obtained and remain current
• Presents the status of housing development projects to CBH's Board of Directors

Education and Experience Matrix--one of the following combinations is required:

EDUCATION

EXPERIENCE

Bachelor's degree in Urban Planning, Finance, Real Estate, or related field.

Minimum 1 year of direct, hands-on experience performing asset management functions, or 2 – 4 years of related/comparable work experience.

Other Position Requirements:

• Knowledge of public and private housing finance programs, including HUD, HOME, particularly Section 8 programs, low income housing tax credits and IRS Section 42
• Professional demeanor in representing the organization to colleagues, constituents, funders and public officials
• Strong attention to detail and the ability to manage multiple projects, establish workload priorities, and meet deadlines
• Excellent written and verbal communication skills, with strong emphasis on financing
• Experience in underwriting proformas, particularly operating cash flows
• Understanding of dispositions, capital accounts, and recommending exit strategies for projects
• Ability to handle sensitive and confidential materials
• Proficient in Microsoft Office, Word, Excel, and Outlook
• Driving with current class C driver's license, a vehicle for transportation, proof of valid automobile insurance, the ability to be insured by MHALA liability insurance are conditions of employment

How to apply

How to Apply: Email Resume to kpark@cbhousing.orgEOE. Please reference Asset Manager in subject line. Please submit cover letter and resume as an attachment in Word Document or PDF format only.