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Housing Asset Management Associate

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Location: New York, NY, United States
Job Type: full-time
Date Posted:
Salary Range: 70000 - 90000 USD Annually

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Description

The Housing related entities of the Archdiocese include the Association of New York Catholic Homes, Inc., (ANYCH) which provides oversight to Archdiocesan related housing companies, and the New York Institute for Human Development (IHD), which aids in creation, survival, and growth of community-based organizations through a broad range of technical assistance, consulting services and financial support, together operate as Catholic Homes New York (Catholic Homes). Catholic Homes provides over 2,700 affordable housing units throughout the Archdiocese which includes Manhattan, Staten Island, the Bronx, and parts of upstate New York. In addition, approximately 2,000 units are under construction or in the pipeline for new development.  

Job Summary:

Catholic Homes is seeking to fill an Asset Management Associate position to aid in our rapid growth.  This position requires assisting the Senior Project Asset Manager oversee the portfolio of affordable housing and help move pipeline units from construction into the portfolio.

The successful applicant will demonstrate the ability to analyze financial reports, manage multiple priorities and deadlines.  This position requires the applicant to work both as part of a team and independently on assignments under the direction of the Senior Project Asset Manager.

Duties and Responsibilities include the following:

  • Monitor management operations of 14 projects with 2,777 units of affordable housing including family, senior, and supportive housing, under the direction of the Senior Project Asset Manager.
  • Coordinate and participate in transition of housing projects from construction completion to property management operations.
  • Assist in the assessments of the physical condition of the properties, evaluate current and long-term financial health, and ensure the on-going financial sustainability of the properties including needed capital improvements.
  • Regular, periodic inspections of properties to ensure that they are meeting company high quality standards including HUD REAC, HQS, HPD and other requirements.
  • Monitor building performance, income, expenses, and compliance including violation removal and filing Local Laws.
  • Liaison between management and Senior Project Asset Manager in the preparation of annual budget, maximize property performance, and streamline operations.
  • Assist the Senior Project Asset Manager in submissions and reporting of monthly, quarterly, or annual reports.
  • Collaborate with Housing Development team during the due diligence phase of property acquisition or existing property renovations.
  •  Assist Catholic Charities and other third-party social service providers with the implementation and support of social service initiatives and programs at the Projects.
  • Perform other duties as may be requested by Senior Project Asset Manager.

Pay:  $70,000 - 90,000 per year

Position Type and Expected Hours of Work:

This is a full-time position. Days and hours of work are generally 9 AM - 5 PM, Monday – Friday (Temporarily Hybrid Remote). Additional weekend and evening hours may be required to meet agency deadlines.

Qualifications:

  • Bachelor's Degree required in Real Estate, Urban Planning, Management, Accounting, or related fields.
  • Minimum 3 years of experience in Asset or Property Management of residential Affordable properties/Tax-Credit-Certification, preferred.
  • Ability to understand budgets (Assets & Liabilities) and other financial reports. (Income statements, and Balance sheets)
  • Experience in NYC compliance, building regulations and extensive knowledge of multi-family building systems. preferred.
  • ARM or CPM preferred.
  • Problem solver and resourceful and creative ideas and critical thinking.
  • Ability to understand budgets (Assets & Liabilities) and other financial reports (Income statements, and Balance sheets).
  • Experience in NYC compliance, building regulations and extensive knowledge of multi-family building systems preferred.
  • Understanding private and public debt financing, equity, and compliance reporting needs for typical affordable housing development projects, preferred.
  • Ability to drive to both existing housing developments and new construction sites weekly.
  • Ability to work well with a diverse group of professionals, excellent written and oral communications skills, and a can-do attitude is required.
  • Excellent communication, writing and analytical abilities.
  • Deep commitment and understanding of affordable housing.
  • Financial analysis and project management experience, and familiarity with subsidized funding programs, a plus. 
  • Ability to juggle multiple priorities and maintain attention to detail.
  • Microsoft Office 365 with outstanding Excel skills required.
  • Adobe Creative Suite experience preferred.
  • Remote systems literate.

Working conditions and physical demands:

  • The demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
  • Remain in a stationary position at a workstation or in meetings, using the computer approximately 50% of the time.
  • Work in an office environment; exposure to outside weather conditions traveling to both existing housing developments and new construction sites.
  • Travel to and traverse active construction sites.
  • Travel to site and board meetings as needed.
  • Meet competing deadlines.
  • Valid driver’s license and personal vehicle. 

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