**Hybrid Remote Position** Asset Management Analyst (8912 – Asset) (52 views)

San Rafael, CA
May 10, 2022 2022-07-09
Job Description

Explore a career at EAH Housing.

Start or continue a career in real estate development and management with EAH Housing. We are looking for talented and skilled professionals as we expand our property portfolio throughout California and Hawai`i. As a mission-based nonprofit organization and industry leader for more than 50 years, we live up to our values, and work to create opportunities to empower people to live better lives. Join us and make a difference today.

What we offer.

We offer a comprehensive benefits package that includes medical, dental, vision, disability and life insurance, as well as a 403(b) retirement plan with a 5% match. We also offer generous vacation accrual, holiday schedule, and work schedule flexibility.

We believe in work / life balance.
15 days of vacation per year (which increases based on years of service)
10 paid sick days per year
12 paid holidays

We take care of our employees.
Competitive Salaries 
403b Retirement Plan with 5% company match
Go 365 Wellness Program
Free Employee Medical Insurance
Affordable Dental & Vision Insurance
Flexible Spending Account
EAP – Mental Health, Financial and Legal Services
$1,500 Employee Referral Program
EAH University, an in-house training program 

This position is for a full time Asset Management Analyst to work in our corporate office in San Rafael, CA. This is a hybrid remote position. The Asset Management Analyst will prepare financial models for predevelopment operating budgets, presentations for appraisers, commercial property CAM charges, capital account reviews, RFP/NOFA applications, etc. Qualified candidates must have a Bachelor’s degree in Real Estate, Finance, Accounting, Business Administration, Urban or Regional Planning, Environmental Science, Architecture, Economics, and related fields or at least two years working in an organization staffed with various interdepartmental roles and functions, preferably in a financial, real estate, community development or non-profit organization. Salary to commensurate experience.

COMPANY OVERVIEW

EAH Housing has been developing, managing and promoting affordable housing since 1968. We are one of the largest and most respected nonprofit housing development and management organizations in the western United States. With a staff of over 450, EAH develops multifamily communities, manages over 100 properties in California and Hawaii, and plays a leadership role in local, regional and national housing advocacy efforts.

At EAH, we put our core values into action on a daily basis. We recognize that training is a critical investment in the success of our employees and in the continued excellence of EAH. Please visit our website to learn more about our culture and read employee comments to learn more about what it would be like to work at EAH.

For immediate consideration please apply to HYBRI002894  on our website at  www.eahhousing.org/careers

POSITION OVERVIEW

Under the direction of the Director, Asset Management, prepares financial models for predevelopment operating budgets, presentations for appraisers, commercial property CAM charges, capital account reviews, RFP/NOFA applications, etc. Using data management and/or Smartsheet software, develops tracking/tickler systems for key reporting functions and dates, (i.e.: option dates, resyndication timelines, PNA schedule, subsidy contract terminations, loan maturities/interest rate adjustments, AHP loan reconveyance). Assists Asset Management (AM) department in annual operating budget process and equity and debt transactions as needs arise.

RESPONSIBILITIES

A. For projects in predevelopment, works with operating property budget templates used by Asset Management (AM) and Real  Estate Development (RED) to estimate proforma operating budgets and property valuations.
B. Prepares basic capital account template, including financial projections data for each property. Annually, obtains book-tax capital account balances for each property from CPAs. Assists AM staff with annual EAH capital account analysis.
C. Assists Asset Managers in preparation of periodic reporting for investors, lenders and EAH senior management.
D. Assists AM Staff in development and maintaining comparative analysis tools to measure property operating income and expenses to determine optimum ranges for cost efficiency and rent policy.
E. Assists AM staff with preparation of RFP/NOFA applications, and lender or investor due diligence materials, providing technical, accounting and operations data where required by the application.
F. Supports AM staff in financial transaction such as lien assignments, refinancings and equity buyouts, preparing analytics and supporting reports for EAH board presentations, funder, and partner requirements.
G. Assists AM staff in researching, and making application for grant resources for capital improvements, environmental and conservation sustainability programs.
H. Using appropriate software, (Excel, Smartsheet, Calendar Invites, Filemaker, MRI, etc.) assists AM staff in developing tracking/tickler systems for key reporting functions, contract terminations and other critical time-sensitive deliverables. Trains AM staff on implementing tracking/tickler systems.
I. Assists AM staff preparing annual operating budgets, insuring LIHTC Net Operating Income and Cash Flow Projections are correctly entered. Reviews projected rents and rent increases with REM Compliance Summaries for maximum limits.
J. Assists AM staff in preparing HUD Budget worksheets for budget-based rent adjustments.
K. Prepares common area charges (CAM) estimates for commercial leases, and annual updates for billing CAM charges.
L. Assists in loan administration for Gates Harbor and loans between EAH affiliates.
M. Reviews billings from Facilities Management to ensure compliance with retention requirements in construction contracts for projects funded by Community Development Block Grant (CDBG) or EAH funds. Works in cooperation with Development Accounting to track projects to budget.
N. Assists AM staff with initial property data entry for EAH databases such as CRM, MRI, or Filemaker after upon land or real property acquisition, with updates through development or rehabilitation, project completion and after property transition to operating status.
O. Updates budget forecasts and data bases from annual audit results.
P. Participates with Asset Management Staff in developing record keeping requirements, systems, methods, and organization of data using EAH drives and hard paper files.
Q. Assists with special projects as assigned by the Director of Asset Management, and/or EAH Senior Management.
R. Communicates with and attends meetings with interdepartmental staff from AM, RED, REM, and EAH Senior Management.
S. Collects information, maintains records, updates, and maintains record tracking system and produces reports for EAH Senior Management, as needed.
T. Attends and actively participates in targeted industry conferences and seminars, mandatory training, including Neighborworks sponsored CHAM and NPH trainings.
U. Regular and predictable attendance.
V. Other duties as assigned.

QUALIFICATIONS

Bachelor’s degree in Real Estate, Finance, Accounting, Business Administration, Urban or Regional Planning, Environmental Science, Architecture, Economics, and related fields. At least two years working in an organization staffed with various interdepartmental roles and functions, preferably in a financial, real estate, community development or non-profit organization.
Must have access to and be able to drive a car. Must have a valid California Driver’s license and proof of automobile insurance.
Experience working at a non-profit affordable housing corporation or public agency involved in community development.

CRIMINAL BACKGROUND CHECK REQUIREMENTS

EAH Housing conducts criminal background checks on all candidates who have received a conditional job offer. Once you have receive such an offer, you will be required to submit and pass our criminal background requirements. Please be advised that certain roles may also require fingerprinting due to legal requirements.  If onsite housing is a requirement of the position, any household members over 18 years of age who will be living onsite with the candidate must also undergo a criminal background check and tenant screening.  Satisfactory completion of background check and fingerprinting requirements is a requirement of employment with EAH.   

COVID-19 VACCINATION REQUIREMENT 

EAH requires that all new hires be vaccinated at the time of hire, i.e., vaccinated on their first day of work and provide proof of their vaccination status.  Accommodations will be made for applicants with a valid medical reason or a sincerely held religious belief that they cannot get vaccinated.  Accommodations can be requested after an offer has been extended.    

EAH Housing is an AA/EEO/Veterans/Disabled Employer.  CA BRE #00853495 | HI RB-16985