Asset Manager

We’re looking for dedicated team members to join Orange County’s largest nonprofit developer of high-quality affordable housing and services. Join us in our mission to transform lives and strengthen communities for thousands of families, seniors, veterans, transitional age youth, and individuals coming from homelessness in California.

Location: Irvine, CA

Status: Full-time, Hourly

Wage: $120k to 140k + Benefits

Primary Objective of Position:

The Asset Manager is responsible for overseeing the financial, operational, and compliance performance of a portfolio of affordable housing properties. This role ensures that properties maintain strong financial health, comply with regulatory and contractual obligations, and meet organizational goals. The position involves collaboration with internal departments and external stakeholders, including property management companies, investors, lenders, and regulatory agencies. 

Major Areas of Accountability:

• Monitors the fiscal status of all communities assigned – including monthly financial statement review, monitoring vacancy, administration of reserves, implementation of solutions for properties which are not meeting performance targets, and governing documents compliance 
• Administers the physical improvement plan of all communities assigned – includes PNAs, long term improvement plans, reserve withdrawal processing, oversight of capital improvements, disaster contingency plans
• Ensures and supports timely and accurate reporting to investors, lenders, agencies, corporate boards
• Participates in the development process for new properties – including review of selected materials and proposed operating budgets
• Responsible for annual property processes – including preparation of operating budgets, site inspections, filing of welfare exemptions, OCC’s and SCC’s and 1st filings and resident demographic and satisfaction surveys 
• Support asset management staff on newly acquired properties pertaining to funding applications, expense comparisons, welfare exemptions, replacement reserve requests, and management agent agreements.  
  
• Maintains databases and collection of demographic data on residents 
• May supervise and train asset management staff 
• Participates in sustainability initiatives for assigned portfolio 
• Manages the lease-up process for newly developed properties, creates rent schedules, reviews marketing plans and lease-up office leases, coordinates these efforts with third party property management companies and ensures that rents and tenant mix is in compliance with governing documents 
• Manages and evaluates third party property management companies  
• Researches partnership agreements, financing documents, regulatory agreements, tax returns, audits and other source documents as needed 
• Other duties as assigned 

Level of Education, Experience and Skill Set:

• Bachelor’s Degree or equivalent Supervisory experience preferred 
• Tax credit compliance certificate preferred 
• 5+ years experience with some years of permanent supportive housing experience preferred 
• Knowledge of municipally financed multifamily projects, tax credits and HUD Knowledge of methodologies for budgeting and cash forecasting, financial analysis and portfolio asset management practices
• Detail oriented with a good, strong ability to think and communicate strategically
• Valid California driver’s license, clean DMV record and personal insured vehicle for travel within Jamboree’s service area Job will include travel to assigned portfolio and trainings 
  
• Job may include occasional evening or weekend work hours 
• Strong verbal and written communication skills; including ability to effectively give presentations 
• Skilled in usage of spreadsheet and word processing computer software 
• Experience in affordable housing, fair housing laws, property management/operations and practices. Mobile home law experience preferred. 

Physical Demands:

The Asset Manager is required to talk and hear.  The employee is often required to sit and use their hands. Vision abilities required by this job include close and far vision.  Ability to operate a computer keyboard, and lift files and reports.  Exposure to glare from a computer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift 25 lbs. and travel via automobile and/or plane 30%. 

Work Environment:

The work environment will usually be in a professional office setting, with possible shared workspace. The noise level is usually quiet to moderate.  When traveling the environment will change dependent upon the site visiting.