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Vice President of Asset Management

Rochester, NY (http://maps.google.com/maps?q=OFF-SITE+Rochester+NY+USA+14607) • Asset Management

Job Type

Full-time

Description

About Conifer:

Conifer Realty, LLC is a dynamic, vertically integrated organization that creates and manages high-quality affordable and work-force housing. Conifer is devoted to growth, to innovation and being a best -in -class developer.

Conifer has a 45-year investment and development history with over 15,000 units owned and managed today. Along with its affiliate, Conifer is one of the Top 20 owners in the nation. We currently have an East Coast portfolio and are looking to rapidly expand. At the heart of Conifer is an experienced team of more than 500 highly skilled and passionate professionals. The team’s demonstrated entrepreneurial spirit has secured our leadership role in the affordable housing industry.

Visit Conifer's website to understand our history, mission, and values at link:https://coniferllc.com/

Overview:

Responsible for establishing and leading an institutional class in-house Multifamily Asset and Risk Management Team, with significant emphasis on Affordable Housing programs. This includes analyzing existing departmental processes, priorities, and performance, retaining best practices, and repurposing strategies, resources, and execution in alignment with current owner/investor/leadership objectives for company and portfolio valuation growth.

Responsibilities:

+ Mentor, motivate, lead, and retain a skilled Asset and Risk Management team and support staff including but not limited to a team of dedicated asset managers with assigned property portfolios sized and paced with Conifer’s planned portfolio growth.

+ Drive portfolio and individual asset profitability, NOI, and valuation growth with significantly enhanced focus on revenue maximization across all forms of property revenue and operating subsidy.

+ Develop and ensure execution of multi-year strategic operating/business plans for all properties.

+ Working in coordination with Property Management and applicable support departments, design and implement a collaborative Portfolio Management approach to further facilitate effective performance that meets or exceeds financial expectations in accordance with strategic plans and/or operating budgets.

+ Ensure individual property/asset plans are aligned with short- and long-term Capital Transaction goals and objectives.

+ Ensure annual operating budgets are aligned with strategic portfolio objectives including but not limited to growth targets and physical asset preservation.

+ Develop and/or refine monthly, quarterly, and annual executive/investor level financial performance and watchlist reporting inclusive of reforecast considerations.

+ In coordination with applicable internal and external resources, develop and execute strategies to maximize Property Tax appeal, assessment, and savings opportunities.

+ Strategically manage property cash flow and cash reserves to maximize coverage of owner/investor distributions, larger periodic expense needs, and major repair and maintenance capital improvements.

+ Contribute to the analysis of new development/investment/acquisition opportunities including but not limited to market research, revenue forecasting, financial analysis and and/or development of operating/underwriting proformas.

+ Working with senior leadership ensure Conifer’s overall Insurance and Risk program and operations maximize the company’s risk mitigation and minimize the overall cost of risk.

+ Periodically conduct site visits to ensure assets are managed and maintained in alignment with Conifer’s strategic plans and investment expectations.

+ Build and maintain strong Intradepartmental and Interdepartmental relationships that support a collaborative and collegial working environment aligned with Conifer’s values and cultural objectives.

Education:

+ Minimum bachelor’s degree required. MBA Preferred

Experience:

+ Minimum ten plus (10+) years’ progressive experience in the real estate investment industry with demonstrated success in leading and achieving institutional property and portfolio level asset management objectives.

+ Recent 3-5+ years managing an Institutional Asset Management department with a real estate portfolio that includes Affordable Multifamily assets desired.

+ Demonstrated ability to meet and/or exceed portfolio financial and investment objectives.

+ Significant experience in developing and analyzing real estate underwritings and similar financial analyses required.

+ Strong knowledge of Multifamily Affordable Housing programs (HUD/Sec 8/RAD, LIHTC, RD, HOME, PH, etc.) required.

+ Expert property management skills.

+ Strong property management financial and accounting skills.

+ Advanced Excel skills required; proficient WORD, Outlook;

+ Yardi Voyager, Dealpath housing/developer software skills preferred or other housing industry programs needed.

Skills

+ Demonstrated effective leadership skills.

+ Dynamic work ethic; embraces change.

+ Excellent interpersonal and customer service skills.

+ Collaborative, friendly to effectively handle issues as they arise.

+ Demonstrated excellent written/oral communication and presentation skills.

+ Ability to exercise excellent business professionalism and business judgment at all times.

+ Strong organizational, time management, and multi-tasking skills with ability to meet deadlines.

+ Resourceful; effective problem-solving skills.

+ Flexibility – able to prioritize projects and adapt work projects quickly when needed.

+ Demonstrated ability to coach, mentor, train all levels of the organization.

+ Effective supervision, delegation skills.

+ Able to work both independently and a team.

+ Positive, outgoing attitude to fellow employees, community/state representatives.

+ Ability to “think outside the box”.

Conifer Realty is a professional, service-oriented organization offering a competitive compensation package commensurate with experience, along with excellent benefits that include ongoing training and development, 13 holidays, 15 days paid time off, 401K with company match, medical, HSA, dependent care Flex account, dental, vision; company-paid life, short and long-term disability insurances; and a wellness program.

The salary range for this position is $200,000.00-$225,000.00. The actual compensation may vary depending on a wide range of factors, including experience, skills, qualifications, certifications, location, etc. This range does not include additional forms of compensation such as bonuses.

APPLY TODAY via our website link:http://www.careersatconifer.comcomplete our application process and attach your resume. You will hear directly from the hiring manager on next steps in the process. Thank you for your interest in joining the Conifer Team!

Conifer Realty LLC is an Equal Opportunity Employer and does not discriminate on the basis of any legally protected status or characteristic. Minority/Female/Sexual Orientation/Gender Identity/Disability/Veteran.