Asset Manager (530 views)

Charlotte, NC
February 10, 2020 2020-04-10
Job Description

DEPARTMENT: Catholic Diocese of Charlotte Housing Corporation
REPORTS TO: Executive Director
FLSA: Non-exempt

This position serves as Asset Manager for the Catholic Diocese of Charlotte Housing Corporation (CDCHC). The Asset Manager provides administrative support necessary for the physical, financial and regulatory operations of our housing portfolio; assists with project/partnership closings through construction, lease-up and stabilization; and coordinates with local churches to aid in the delivery of services and activities for our residents; and all of which require time both in the office and on job sites. The position interfaces with the Diocese of Charlotte Finance and Properties departments, Catholic Charities Diocese of Charlotte, third-party property managers, local churches/parishes, and the asset managers of our various development partners, as well as other third-party vendors or contractors needed to support the ongoing operations of properties. Only applicants with prior experience in the asset management of LIHTC properties will be considered.

• Oversee CDCHC’s housing assets, ensuring properties operate to optimal efficiency, achieve target outcomes and fulfill our mission, including ensuring their conformity with all partnership obligations and established procedures
• Manage and review the flow of critical partnership documents, such as tax returns, audits, PRAC renewals, and annual filings, in accordance with established procedures
• Attend all compliance and investor project site visits, as well as conduct field inspections quarterly, or as needed, and produce field reports
• Prepare and remit partnership activity reports to investors on a monthly or quarterly basis, in accordance with established procedures
• Prepare monthly asset management reports for Executive Director
• Ensure Annual Reports are filed with Secretary of State, and work to resolve any issues related to corporate standing
• Ensure Annual Certificate of Continued Compliance for LIHTC projects, and Annual Owner Certification for SHDP projects are filed timely with NCHFA
• Review property financials monthly to ensure properties operate within budget
• Prepare annual operating budgets for all properties, in accordance with project documents and established procedures
• Analyze annual year-end financial statements to determine applicable distributions of cash flows pursuant to provisions of each project’s operating agreement
• Assist with deal closings and monitor projects during construction and lease-up, including navigating active construction sites
• Serve as CDCHC’s primary point of contact between local churches, residents, property managers, and the asset managers for our development partners
• Coordinate with local churches, or other organizations, to implement programs and activities that are tailored to the needs of our residents
• Conduct and track tenant satisfaction surveys annually for each of our properties

• Administrative work of the corporation, such as scheduling meetings by and between CDCHC, our Executive Committee, and our developer partners, as well maintaining books, records and meeting minutes as directed
• Provide support in the analysis of new affordable housing developments
• Any other duties as assigned

• 3+ years of prior experience in the asset management of LIHTC properties
• Housing Credit Certified Professional (HCCP), Credit Certified Compliance Professional (C3P), National Compliance Professional (NCP), or Tax Credit Compliance System (TaCCS) certification, or willingness to acquire one of the above certifications within 6 months of employment
• Strong commitment to and belief in the mission of affordable housing
• Experience analyzing financial statements and monitoring budgets
• Possess a high level of attention to detail and accuracy
• Ability to simultaneously manage various tasks and responsibilities
• Excellent reading, speaking and writing skills in English
• Excellent computer skills and thorough knowledge of MS Excel/Word

• Bachelor’s degree, preferably in Accounting, Economics, Finance, or Real Estate
• Strong working knowledge of various regulatory programs including LIHTC, HOME, PRAC, and Section 8, as well as Fair Housing Laws
Responsibilities involve travel and work beyond the regularly scheduled work day and work week, as well as the ability to travel to meetings and worksites (must be able to travel).

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is also required to stand; walk and reach with hands and arms; and to navigate job sites during and after construction.

Interested applicants must submit both a cover letter with salary requirements and resume to [email protected] (no phone calls, please). Position will remain open until filled.