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Manager, Asset Management

Company: Lincoln Avenue Capital
Location: Santa Monica
Posted on: January 4, 2022

Job Description:

Lincoln Avenue Capital is seeking a Manager in the Asset Management department to work in our Santa Monica, California offices. As a Manager you are responsible for collaborating with Senior Business Leaders, the transactions team, property management, vendors, lenders, CPAs, investors, equity partners and various governmental agencies. This role is designed to manage a portfolio of multifamily properties from acquisition to disposition. * As a Manager, you will be responsible for effectively managing a team of asset managers who oversee the financial and operational performance of a multifamily and senior affordable housing portfolio. Managers will assist in monitoring construction, leasing, stabilization and ongoing management and compliance strategies. Improve the property monitoring and risk management processes including overseeing third party property management companies. Make recommendations and provide oversight based on performance and physical conditions of properties to mitigate risk or increase cash flow. * Analyze appropriateness and timing of equity installments and property operating reimbursements. Perform thorough analyses of financials and aid in the preparation of tax returns and audits. Assist with compliance maintenance in a variety of affordable housing programs (Section 8 and Section 42). Maintain terms of partnership agreements, loan documents, LURAs and various property agreements. * Oversee implementation of various business strategies. * Coordinate effective execution of portfolio-wide initiatives. * Assist in the continued development and refinement of Asset Management infrastructure, protocol and procedures. * Address investor, lender and equity partner requests and deadlines as needed. * Coordinate capital projects with on-site management and submit proof of required loan/agreement requirements to our partners timely. * Manage oversight of year-end budgeting process and closely manage property expenses to increase cash flow. * Assist Senior Business Leaders with various special projects as needed. Requirements Qualifications * Affordable housing experience required. * Undergraduate degree with a minimum of 4-5 years of relevant experience in areas such as real estate, finance, and/or banking. * Strong analytical skills with ability to evaluate complex data and present solutions, ability to problem solve with micro and macro views. * Strong communication and presentation skills to work effectively with and present to a broad range of partners, agencies, and third-party managers. * Self-starter with the ability to work independently and comfortable interacting with and presenting to senior management. * Strong Excel skills and experience with property financial reporting and financial modeling, preferably in commercial real estate transactions. * Ability to prioritize and handle multiple projects to meet deadlines. * A mature professional with excellent judgment and interpersonal skills. * Ability to lead a team of 5-6 associates to ensure timely completion of deliverables, reporting, strategic initiatives and various business plans. * Managerial experience highly preferred. * Baseline knowledge of key affordable housing and real estate concepts or an interest/ability to quickly learn the fundamentals is a plus. Benefits What We Offer In 2020, LAC welcomed 23 new, full-time employees and will expand by another 50% in 2021. In joining the LAC family, you will be part of a growing firm of passionate and talented people from multiple industries. We are purpose-driven and your contributions to the team will advance our commitment to providing high-quality affordable homes to thousands of residents. * Competitive compensation * 100% covered medical, dental, and vision insurance for both you and your dependents * 401(k) plan with company matching and no vesting period * Life and disability insurance * Generous Paid Time Off, Paid Holidays, and Sick Time * Paid Parental Leave * Employee Referral Program * Company & Team Building Events * Learning and development with career mapping

Keywords: Lincoln Avenue Capital, Santa Monica , Manager, Asset Management, Executive , Santa Monica, California

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