Senior Asset Manager

Pay Range: Minimum $119,355.89 - Maximum $139,248.54 **POSITION SUMMARY** **** The Senior Asset Manager responsible for monitoring the operational and financial performance of Eden’s portfolio, benchmarking, investor and lender relationships and acquisition, refinancing and rehabilitation necessary to preserve Eden’s portfolio. The Senior Asset Manager works closely with the Director of Asset Management to identify and implement long term strategies to improve property performance to meet organizational objectives. The Senior Asset Manager will routinely project manage to lead cross-functional teams focused on the financial health of Eden’s portfolio while working closely with various departments including, but not limited to, Property Management, Facilities, Accounting, Compliance, and Development. This position will routinely interact with outside vendors, Regulatory Agency personnel, lenders, and investors. This position reports directly to the Senior Director of Asset Management. **ESSENTIAL DUTIES AND RESPONSIBILITIES** - Closely monitor and routinely report on operational and financial performance of the portfolio of properties relative to budgets as well as development proformas, investor and lender expectations. - A primary point of contact for lenders and investors; develops and maintains good working relationships with all contacts assigned to portfolio. - Analyze monthly financial statements. Identify trends and recommend action where appropriate with the ultimate goal of increasing revenue in accordance to Eden’s policy, controlling operating expenses and ensuring projected surplus cash distributions are being met. - Work with Property Management and to ensure that annual operating budgets and capital plans support property, portfolio and organizational objectives by maximizing revenue and controlling expenses to maintain operating margins, adequate reserves and to cover debt service. - Research partnership agreements, financing documents, regulatory agreements, tax returns and other sources to determine ownership objectives. - Monitor all aspects of Eden’s portfolio performance including, but not limited to status of proforma, LIHTC capital accounts, future limited partner buy-outs, debt refinancing and capital planning. - Facilitate portfolio analysis to recommend financial restructuring as appropriate, including new re-syndication opportunities, refinancing old debt, partnership buyouts and rehabilitation projects. - Negotiates with partners when waterfall agreements need adjustment for long-term financial health. - Facilitate efforts to reposition assets including limited partner buy outs, debt restructuring, renovation planning, refinancing and coordination with Development department on re-syndications. - Lead oversight efforts and problem solving for ‘Watchlist’ of troubled properties. - Oversee third party property management, as assigned, and monitor the performance of the properties they manage. Review budgets, financials and audits and lead efforts to address operating inefficiencies where applicable. - Develop and monitor tracking tools for annual LIHTC capital accounts analysis and exit tax projections. - Facilitate preparations of exit strategies and negotiations for LIHTC properties. - Work with Development and Property Management to create accurate proformas and long-term financials plans for new properties. - Design, implement and lead the interdepartmental property acquisition coordination process, including developing appropriate toolkits, checklists, process and procedure descriptions, and other duties as assigned to ensure effective and timely implementation of property level business plans for newly acquired properties. - Lead performance analysis of all acquisition properties. Draft and maintain reports to share and present key metrics with Eden Board of Directors. - Facilitate creating material and presenting information and funding requests to Board Committees as assigned. - Lead the devel…