ASSET MANAGER bei PRATT AREA COMMUNITY COUNCIL INC

Description

The Asset Manager is responsible for safeguarding the long-term financial stability and physical condition of IMPACCT Brooklyn’s housing portfolio. By maximizing property performance and ensuring complete regulatory compliance, this role directly advances the organization’s mission to preserve affordable housing for Brooklyn residents.

Essential Duties and Responsibilities
Data Management

• Extract raw data from Excel files and third-party property managers to build structured performance models.
• Create and maintain digital dashboards to track key indicators such as vacancy rates, rent collections, and expense ratios.

Financial Performance & Oversight

• Monitor and analyze operating budgets, cash flows, and reserve accounts across the portfolio.
• Recommend strategies to improve Net Operating Income (NOI) and sustain capital reserves.

Regulatory & Investor Compliance

• Maintain a comprehensive calendar of compliance deadlines, including audits, certifications, and reporting requirements.
• Prepare and submit required reports to auditors, lenders, syndicators, and government agencies.

Portfolio Strategy

• Develop long-term strategies for refinancing, recapitalization, and asset repositioning, with emphasis on commercial assets.
• Support planning for Year-15 LIHTC exits and other milestone events in the portfolio.
• Coordinate efforts to reposition and refinance existing affordable housing developments.
• Evaluate the feasibility of preservation development opportunities and conduct due diligence for existing and prospective projects.

Property Operations Coordination

• Meet regularly with property managers to review both financial and operational performance.
• Conduct site visits to assess physical conditions and flag deferred maintenance issues.
• Maintain compliance and tax status for all portfolio entities.
• Evaluate new acquisitions or deals based on existing portfolio performance.

Commercial Leasing

• Perform due diligence and market research on commercial assets, including rent analysis and revenue alignment.

Qualifications

Minimum Qualifications

• A bachelor’s degree is required, preferably in public administration, business administration, public policy, urban planning, law, finance, economics, or a related field.  A master’s degree is preferred.    
• 2 - 3 years of professional experience is required, preferably in affordable housing, property management, public finance, government, or a related field.
• Ability to read income and expense statements preferred. 
• Core competencies and experience in property management and real estate finance are strongly preferred.
• Proficiency in real estate terminology and concepts is required, and basic knowledge of affordable housing programs at the City, State, and Federal levels is encouraged. 
• Strong verbal communication and public presentation skills are a requirement.
• Strong organization skills and ability to coordinate complex activities, prioritize conflict demands, and meet deadlines. 
• Strong computer skills with a thorough knowledge of MS Word and Outlook. 
• Proficient in Microsoft Excel and financial modeling techniques.
• Ability to work independently and as part of a team in a fast-paced environment.
• Fluency in the English language is required.

Supervisory Responsibilities
None

Employment Status
Exempt, Full-Time. The days and hours of work are primarily Monday through Friday, 9:00 a.m. to 5 p.m. Travel may be expected. Occasional evening or weekend work and local travel may be required for events or funder meetings.

Benefits and Wages
Competitive pay, hybrid schedule, paid time off including vacation, personal holidays, 403(b), 529 Plan, tuition reimbursement, Flexible Spending Account, medical insurance, Employee Assistance Program, and other fringe benefits.
 

Physical Demands and Work Environment 
This job operates in a professional office environment.  This role involves a mix of office tasks and direct participant engagement.  The physical demands described here represent those that an employee must meet to perform the essential functions of this position successfully.  Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.  The role requires the ability to stand or sit for extended periods at a desk, work on a computer, and occasionally lift materials weighing up to 25 pounds.  Mobility is needed to navigate the office and assist participants during programs.  Typically based in a standard office setting, the environment has a noise level that is usually moderate to high, depending on the time of day and client population.  Regular interaction with clients and staff fosters a supportive atmosphere, and the noise level is usually moderate to high, depending on the time of day. 

IMPACCT Brooklyn is an equal opportunity employer and a drug-free workplace, and complies with applicable ADA regulations.
All applicants are considered for all positions without regard to race, religion, color, sex, gender, sexual orientation, pregnancy, age, national origin, ancestry, physical/mental disability, medical condition, military/veteran status, genetic information, marital status, ethnicity, alienage or any other protected classification, under applicable federal, state, and local laws.  By completing this application, you are seeking to join a team of hardworking professionals dedicated to consistently delivering outstanding service to our customers and contributing to the financial success of the organization, its clients, and its employees.  Equal access to programs, services, and employment is available to all qualified persons.  Applicants requiring accommodations to complete the application and/or interview process should contact a management representative.