A leading 3rd party affordable property management company seeks a Vice Predient of Operations with affordable property management experience. This leader must posses a natural hunger for growth and exemplary leadership skills. Under the direction of the Senior Vice President of Operations, the Vice President of Operations supports and assist a team of Regional Property Managers in the development and monitoring of company policies and procedures related to property management; recruits, trains, develops, and supervises community managers; and shares responsibility for maintaining the physical asset and the financial health and performance of assigned properties. This leader will ensure that all affordable policies, rules and procedures are adhered to. This role will interface directly will ownership groups of the assigned portfolio on a daily, weekly and monthly basis. They will ensure that all financial reports are accurate, prepares budgets and monthly budget variance reports and ensure the timely distribution of said reports with all ownership groups as outlined by the management agreement.
Knowledge / Skills / Ability
- Must possess proven track record of successful with experience and knowledge of financial reporting, budget and budget variance reports, property maintenance, property marketing, and affordable compliance experience in both HUD and LIHTC field.
- Must have strong supervisory, personnel management and organizational skills.
- Ability to delegate and communicate property management methods.
- Ability to independently establish priorities, manage time effectively, and fulfill assigned objectives and projects.
- Ability to respond to and resolve unexpected problems and handle priority changes in a fast-moving, fluid environment.
- Demonstrated proficiency in Outlook, Excel, and Word.
- Good verbal and written communication skills.
- Ability to coach and lead staff.
- Ability to develop strong professional relationships with associated agencies and ownership groups.
- Ability to comprehend legal documents and carry out related rent collections and lease management.
- Demonstrated understanding of property operations with emphasis on lease terms and contract enforcement, including collections.
Required Knowledge and Experience
- Working Knowledge of HUD Section 8
- Working Knowledge of LIHTC programs
- A minimum of five (3) years Regional Management
- College degree preferred. Professional designation (ARM, CAPS, CPM, etc.) is helpful but not required.
- Strong financial skills to include budgeting, reclassing of expenditures, creating and explaining budget variance reports.
Supervisory Responsibilities
- The Regional Vice President supports the Regional Manager and ensures that all assigned tasks and ownerhip requests are completed timely for all assigned properties.
- Establishes and coordinates a communication system involving transaction and activities among Regionals, Community Managers and the corporate office.
- Hires, trains, supervises, develops, and terminates the employment of those supervised in accordance with company policies and directives.
- Monitors, assists, and makes recommendations to improve marketing activities; reviews occupancy status; recommends rent schedules.
- Reviews/audits property administrative, accounting, and maintenance areas to ensure compliance with established policies and procedures; approves all exceptions of same.
- Resolves resident relation issues.
- Inspects properties to ensure the highest standards are maintained; evaluates maintenance, grounds, and housekeeping operations in areas of efficiency. Conducts periodic inspection of vacant apartments for market-ready condition.
- Supervises and coordinates preparation of annual operating and capital budgets.
Monitors and makes recommendations on budget performance and prepares monthly or quarterly summary report of same.
- Reviews and approves expenditures within specified budgetary guidelines. Negotiates and/or evaluates contracts and makes recommendations.
- Established/revises property management forms, reports, and manuals including updates, changes, and additions.
- Acts as primary liaison between Owner or Owner's Representative.
- Travel is required. Must have reliable transportation to conduct site audits.
- Ensure that all tax credit and HUD section 8 files are in order at all times
- Is responsible for ensuring all assigned properties are able to pass all required audits.
- Prepares yearly budgets, tracks budget variances and is able to explain variances as needed to ownership groups.
- Creates a Capital Improvement Plan
- Monitors the curb appeal of all sites on a regular basis and ensures properties are in REAC readiness when needed.
- Is able to create and execute a Preventative Maintenance Plan
This role will require travel to multiple states on a regular basis. The ideal person will have to live in the Tri-state area (NY, NJ, PA, DC and MD)
Only applicants with experience in affordable housing will be considered.
Job Type: Full-time
Pay: $110,000.00 - $120,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Paid time off
- Vision insurance
Experience level:
Schedule:
Experience:
- Regional Property Management: 5 years (Required)
- HUD and LIHTC: 5 years (Required)
License/Certification:
- Driver's License (Required)
Ability to Relocate:
- Atlanta, GA: Relocate before starting work (Required)
Willingness to travel:
Work Location: In person