Asset Manager (Project Management)
Position Summary:
The Asset Manager ensures the long-term financial health and sustainability of NHA's affordable rental portfolio. This position oversees the economic, financial, physical, and compliance needs of NHA's properties while managing capital improvement projects and risk mitigation strategies. The role requires expertise in asset management, financial analysis, project oversight, and capital planning for both multifamily and group home properties. Success in this role will be measured by the financial performance of NHA's portfolio, compliance with regulatory requirements, timely completion of capital projects, and stakeholder engagement.
This position plays a crucial role in ensuring NHA's properties promote diversity, equity, and inclusion for residents and the broader community.
Essential Duties and Responsibilities:
Financial Analysis & Risk Management
Review monthly reports for each property; analyze performance against budget; identify utility consumption outliers and recommend corrective actions.
Oversee the property budget process, including rent increases (OHCS, Section 8) and contract renewals.
Review and edit audited financial statements, ensuring timely reporting.
Monitor cash flow, including distributions to NHA and partners.
Develop asset management strategies for properties under development.
Analyze and develop strategies for expiring Year 15 LIHTC deals and Limited Partner buyouts.
Create reports, dashboards, and presentations for NHA leadership, board members, and external stakeholders.
Compliance & Contract Management
Ensure compliance with public and private housing finance programs (HUD, LIHTC, Section 8, PRAC 811/202, HOME, CDBG, OAHTC, and others).
Maintain relationships with property management companies, funders, investors, and regulatory agencies.
Interpret and manage partnership agreements, loan documents, and regulatory agreements.
Ensure regulatory and financial reporting compliance.
Manage and negotiate leases and lease renewals for group homes, ensuring lessee compliance and proper property maintenance.
Physical Needs & Capital Project Management
This role requires the ability to travel frequently within the Portland-Metro area. Property site visits may involve walking, standing, climbing stairs, or exposure to varying weather conditions. Reasonable accommodations will be made as necessary.
Conduct property site inspections and assess physical conditions, working with third-party specialists as needed.
Plan and oversee capital needs assessments, preventative maintenance programs, and capital improvement projects.
Manage long-term replacement reserves and oversee reserve transfer requests.
Develop and maintain relationships with general contractors and preferred vendors.
Oversee emergency repairs and ensure timely response and documentation in compliance with state and funding requirements.
Departmental Support
Provide technical assistance in the preparation and maintenance of portfolio capital and budgetary strategies.
Support Asset Management Department operations, including data management, report production, and financial analysis.
Assist in the preparation of periodic reports to lenders, investors, and public funding agencies.
Benefits:
Excellent health coverage through Kaiser Permanente, with multiple medical and dental plans
100% employer-paid employee coverage plus $250/month for dependent coverage
Alternative care and vision benefits included in some plans
7% employer match for 403(b) retirement plan after one year of employment
Generous vacation and sick leave
Four weeks of paid parental leave
