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April Housing · 1 day ago

AVP. Asset Management (Multifamily)

Texas, United States

Full-time

Onsite

Senior Level

7+ years exp

April Housing is a leading owner and operator of high-quality affordable housing throughout the United States. The AVP will assist in implementing the strategic direction for their region and will be responsible for maximizing the operating performance and value of their assigned portfolio.

Property DevelopmentReal Estate

Responsibilities

Develop and implement asset management strategies to maximize property performance, cash flow, and portfolio value while maintaining affordability commitments

Prepare investment recommendation reports for new construction and rehabilitation, including a market assessment, proposed construction scope, and accompanying operating proforma

Oversee a regional portfolio of affordable housing properties, ensuring compliance with HUD, LIHTC, and other federal, state, and local regulatory requirements

Monitor and analyze property performance metrics, including occupancy, rent collections, operating expenses, and capital needs

Conduct regular property and market evaluations to identify opportunities for improvement or risk mitigation

Physically inspect each property within their portfolio with regular cadence

Manage property budgets and long-term financial planning, ensuring alignment with ownership goals

Collaborate with property managers to optimize NOI (Net Operating Income) and meet financial targets

Oversee annual audits, financial reporting, and tax credit compliance submissions

Analyze neighborhood or market conditions and trends, identifying the potential impact on the existing portfolio

Partner with property management companies to ensure consistent execution of operational strategies

Collaborate with Development and Acquisitions teams to ensure seamless transitions of newly acquired or developed properties into the portfolio

Identify and mitigate potential risks, including physical, financial, and regulatory challenges

Develop and implement corrective action plans as needed to address performance or compliance issues

Qualification

Asset management strategiesAffordable housing complianceFinancial modelingLIHTC understandingHUD programs knowledgeAnalytical skillsResilienceInterpersonal skillsCommunication skillsProblem-solving skillsTeam collaboration

Required

Minimum 7 years of experience in asset management, real estate, or property management, with a strong focus on affordable housing

Demonstrated understanding of LIHTC, HUD programs, and other affordable housing regulations

Strong financial acumen, including experience with financial modeling, budgeting, and reporting

Understanding of affordable housing programs and compliance requirements

Strong analytical and problem-solving skills with a data-driven approach

Excellent interpersonal and communication skills to collaborate with a diverse range of stakeholders

Strategic thinker with a proactive and results-oriented mindset

Ability to manage multiple priorities in a fast-paced environment

Communicates Effectively: Listens effectively and confirms understanding when needed. Cooperates effectively with teammates(intact team and cross functionally) and provides and takes feedback with ease

Drives Results: Works hard to ensure understanding of all critical performance targets. Lines up personal and team performance to deliver results. Accepts feedback and pivots activities and behaviors when needed to improve results

Plans and Aligns: Understands plans communicated and asks for clarity when needed. Provides input when plans require front line input. Makes an effort to ensure teammates are aligned on daily and weekly actions supporting the plan

Manages Ambiguity: Carefully listens to need for change or need to wait for instruction in times of change. Keeps moving daily and weekly tasks forward while waiting for any pivots to workstream

Develops Talent/Professional Development: Works with leadership to execute individual development plans for self and others. Makes time to become the best in their current role and to learn aspects of future potential roles

Resilient: Stays abreast of results individually and for the team and reacts with persistence especially when results are less than planned. Keeps a positive attitude and entertains and develops ideas to enhance results