Asset Manager Capital Improvements | Affordable Housing
Location: Bronx, New York
Requisition ID: BBBH2380
Role Summary
The Asset Manager Capital Improvements will oversee financial performance, regulatory compliance, and capital projects for affordable housing properties, working collaboratively with accounting, development, property management, and external stakeholders to ensure operational excellence and value creation.
What You'll Do
- Work with accounting staff to review financial performance of properties, obtain answers from property management, and review results with executives
- Collaborate with development staff on specific transactions such as year-15 dispositions or property sales
- Review stabilized leasing activity and collections, and follow up with property managers to ensure completion
- Review violations, regulatory compliance, and proposed or recommended physical improvements, and follow up with property managers to ensure completion
- Coordinate with internal and external property managers to confirm budgets and procedures are being followed
- Ensure sites are properly maintained through ongoing communication with property managers
- Increase cash flow through analysis of financial reports prepared with accounting staff and work with executives to identify strategies to increase property value
- Liaise with property managers, syndicators, lenders, and relevant governmental agencies regarding reporting requirements to ensure timely and accurate submissions
- Track construction timelines, including relocation activities, invoices, budgets related to the development budget, and environmental close-out
- Monitor financial stability through project completion and stabilization requirements post-construction
- Participate in resident meetings and maintain relationships with resident leaders across sites
Required Qualifications
- Bachelor's degree
- Minimum of 3 years of real estate experience, with a focus on residential assets in the New York City metro area
- Familiarity with federal, state, and city affordable housing programs
- General understanding of affordable housing, property management, and construction
- Proficiency in Microsoft Office (Word, Excel, Outlook/Calendar)
- Excellent verbal and written communication skills, with strong customer service orientation
- Strong organizational, analytical, problem-solving, and time-management skills with close attention to detail
- Self-motivated with the ability to prioritize tasks and meet deadlines with limited direction
- Ability to work independently and complete tasks proactively
Preferred Qualifications
- Interest in learning additional aspects of affordable housing, including underwriting, legal structures, and compliance requirements
- Resourceful and proactive in addressing challenges
- Flexibility in managing shifting priorities and deadlines
Compensation
$85K–$105K per year
Additional Information
Professional presence, positive attitude, open-mindedness, and strong team collaboration are essential for success in this role.v
