Asset Manager
Company: Commonwealth Construction
Location: Chicago
Posted on: May 7, 2024
Job Description:
Description:JOB PURPOSE or JOB SUMMARY:The Asset Manager will
assist overseeing the organization's affordable housing-based
portfolio, analyzing property-level operating statements,
summarizing portfolio-level data, identifying and monitoring watch
list properties, managing real estate tax assessments, property
insurance claims, monitoring capital needs assessment, property
stabilization metrics for new properties and performs site visits.
The individual in this role must have the ability to perform in
fast paced, goal driven environments. ESSENTIAL DUTIES and
RESPONSIBILITIES:
- Review monthly financials for all properties, and prepare
portfolio level performance reports
- Identify and oversee any watch list properties
- Review property level capital expense plan and oversee
performance
- Track property assessment for all properties and coordinate
property tax appeals
- Assist with providing project documents for audits
- Permanent Insurance: obtain certificates and respond to
stakeholder requests
- Manage property insurance claims from incident to
resolution
- Work with various financing partners, state and federal
agencies to provide stabilized lease-up reporting and respond
notice requests
- Work directly with in house and third-party property management
companies currently managing properties in the portfolio
- Monitor and report stabilization period lease-up and compliance
performance
- Travel required by car and plane: up to 40 percent of the
time
- Create analysis tools, monitoring methodology, perform analysis
and prepare reports
- Perform site visits to assess physical condition and assist
with operations. An individual in this position must be able to
successfully perform the essential duties and responsibilities
listed above. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential functions of
this position.The above list reflects the general details necessary
to describe the principle and essential functions of the position
and shall not be construed as the only duties that may be assigned
for the position.Requirements:PREFERRED QUALIFICATIONS:
- Associate's degree required
- Bachelor's degree preferred. Field of study to include
business, finance, accounting, paralegal, real estate, or other
related field of study
- Minimum of 3 years previous experience in the real estate,
Section 42/LIHTC property and property management experience
- Must be mathematical inclined
- Project management experience
- Proficient with Microsoft Office Suite
- Yardi experience is a plus
- Possess the ability to work independently and remotely PHYSICAL
AND MENTAL DEMANDS:The physical demands described here are
representative of those that must be met by an employee to
successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions. While performing
the duties of this job, the employee is regularly required to sit;
use hands to finger, handle, or touch objects, tools, or controls;
and talk or hear. The employee is occasionally required to stand,
walk, lift, and reach above shoulders. Specific vision abilities
required by this job include close vision, distance vision, color
vision, peripheral vision, depth perception, and the ability to
adjust focus. The mental and physical requirements described here
are representative of those that must be met by an individual to
successfully perform the essential functions of this position.
WORKING ENVIRONMENT: The work environment characteristics described
here are representative of those an employee encounters while
performing the essential functions of this job. Reasonable
accommodations may be made to enable individuals with disabilities
to perform the essential functions.While performing the duties of
this job, the employee is frequently exposed to noise, the noise
level in the work environment is usually moderate but it can be
loud at times. The work environment characteristics described here
are representative of those individual encounters while performing
the essential functions of this position.
PI5-
Keywords: Commonwealth Construction, Carol Stream , Asset Manager, Accounting, Auditing , Chicago, Illinois
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