Senior Asset Manager

Company: District of Columbia Housing Finance Agency
Location: Washington
Posted on: May 23, 2025

Job Description:

The Portfolio and Asset Management Department is responsible for managing the Agency's Multifamily portfolio of over one hundred and forty (140+) projects for compliance with terms of the loan agreement and the Agency's mission of affordability requirements. The Senior Asset Manager oversees an assigned portfolio of multifamily properties with various loan and regulatory requirements. S/he is tasked with monitoring the condition of each property in their respective portfolio and collaborating with the with other team members and departments who has a stack to achieve maximum performance of the assets. --More specifically, the Senior Asset Manager is responsible for the following:----ESSENTIAL DUTIES AND RESPONSIBLITIES-- Managing a portfolio containing a greater proportion of at-risk properties. --Monitoring the affordability requirements and marketability of properties within the portfolio and conducting analysis and developing assessments/action plans for the at-risk properties.-- Performing annual property inspections to ensure viability, prudent operational performance, and fiscal management. Mortgage Bankers Association (MBA) inspection certification preferred.-- Collaborating with the Portfolio Manager to identify cost containment opportunities.-- Reviewing proposed operating budgets and audited financial statements to identify potential issues and monitoring pre-payable and maturing loans. Utilizing networking opportunities to develop relationships for potential financing opportunities.-- Serving as primary contact for a range of constituencies.-- Assisting the Director in providing guidance and training to Asset Managers and updating and developing policies and procedures.-- Collaborating with Business Development, Underwriting, Loan Servicing and Subsidy Administration staff to further the Agency's efforts.-- Reviewing and authorizing escrow disbursements and distribution requests.-- Conduct desk reviews, Management Operation Reviews (MORS), and Property Management Reviews of assigned Risk Share and Non-Risk Share projects-- Review and analyze consent/loan modification request for Agency conformity.-- Performing other duties as assigned by the Director.KNOWLEDGE AND QUALIFICATIONS:-- Bachelor's Degree in Real Estate, Business, or another related field from an accredited university or equivalent experience is required-- Masters in Real Estate Development (MRED) or a Master's in Business Administration (MBA) IS a plus-- 7 +years of experience in Real Estate, Asset Management or Property Management---- Certified Occupancy Specialist Certification a plus-- Knowledge of affordable housing, Low Income Housing Tax Credits, Tax Exempt Bond Programs and HUD Affordable Housing Programs---- Knowledge of building codes and maintenance and housing quality standards-- Expertise in Portfolio Management-- Understanding of federal, state, municipal code, regulations; contract law; and real estate law---- Must possess strong research, project management, organizational, analytical, and math/quantitative skill---- Excellent communication skills: both verbal and written with the ability to make presentations-- Must possess strong working knowledge of all aspects of Microsoft Office Suite, specifically ExcelPI83e3a94ddc5d-25660-37712182

Keywords: District of Columbia Housing Finance Agency, Towson , Senior Asset Manager, Executive , Washington, Maryland