Macdonald & Company is partnering with a prominent affordable housing owner, investor, and developer seeking to appoint a Vice President of Asset Management for their Los Angeles office. This role is pivotal in shaping the strategic direction and maximizing the value of a diverse portfolio of properties.
Key Responsibilities:
Lead and execute asset management strategies that enhance property value, optimize cash flow, and ensure the successful execution of key capital projects.
Develop a comprehensive understanding of each asset's unique operational challenges and identify opportunities for performance improvement.
Oversee and guide large-scale capital projects, ensuring seamless collaboration between contractors and service providers, with a focus on on-time and within-budget delivery.
Cultivate and maintain strong relationships with property management teams, proactively addressing issues and ensuring alignment with strategic goals.
Conduct detailed financial analysis, comparing monthly and quarterly financials against budgets, and ensure data integrity and accuracy.
Develop and manage annual operating and capital budgets, ensuring they align with the overarching asset management strategy.
Work closely with compliance teams to ensure adherence to regulatory requirements across various government housing programs.
Qualifications:
Bachelor's degree in Business, Finance, Real Estate, or a related field.
7-12 years of experience in real estate asset management or finance, with a strong focus on affordable or workforce housing.
Proven background transitioning from property management to asset management.
Demonstrated ability to interpret complex financial data and develop data-driven strategies.
Exceptional communication skills, adept at engaging with investors, regulatory agencies, and internal teams.
A history of career progression with a commitment to ongoing professional growth.
Strong organizational and problem-solving skills, with a proactive mindset.