About RCD
Resources for Community Development (RCD) is a leading regional nonprofit developer and owner of affordable housing. RCD’s mission is to create and preserve affordable housing for people with the fewest options, to build community and enrich lives.

Since RCD was established in 1984, our company has developed or preserved over 65 communities that provide affordable, high-quality, and service-enriched rental housing to over 2,200 low-income households throughout the Bay Area. Through a robust pipeline, RCD is actively growing. RCD strives for excellence and are we are seeking an outstanding candidate to join our team.

Major Job Responsibilities and Duties:
The Asset Manager (AM), under the direct supervision of RCD’s Director of Asset Management, will have responsibility for a range of asset management activities relating to RCD’s multifamily affordable housing portfolio. The roles and responsibilities of the AM are integral to the business and operational management of RCD’s housing portfolio and the fulfillment of RCD’s mission. The candidate will join a growing team with a strong track record, industry position, and trajectory. The following are a description of essential tasks but does not restrict the tasks that may ultimately be assigned.

Overview
• Core member of the portfolio and asset management team
• Manage a portfolio of rental housing to meet or exceed corporate revenue targets while maintaining or improving the financial and physical condition of the underlying real estate
• Indirect management of the property management company, John Stewart Company, as well as representing the Owner in management-related issues and decision-making
• Contribute to strategic property-level lifecycle planning to ensure the long-term financial and physical sustainability of the property
• Engage portfolio-level capital planning, business planning, and financial management
• Assigned asset management responsibilities in cross-departmental arenas, including housing development and resident services

Property level
General
• Develop, implement, and maintain property-level asset strategies towards eventual financial repositioning of the asset, as needed
• Monitor Key Performance Indicators, contribute to property watch list process for troubled assets, and oversee necessary property modifications through to resolution

Financial
• Manage portfolio of properties to corporate revenue targets
• Support the maintenance of RCD’s property financial tracking system
• Negotiate annual operating budgets and present for approval
• Conduct quarterly financial performance reviews with property management staff
• Participate in annual audited financial statement process and review
• Manage capital planning and reserves, authorize withdrawals, and present significant expenditures for approval
• Support layering of new financing, refinancing events, and loan modifications

Physical
• Implement replacement reserve management plans
• Support property-level implementation of physical plant initiatives, as assigned
• Coordinate with Portfolio Project Manager on implementation of large capital projects
• Conduct annual site visits

Business Planning & Financial Management
• Support Portfolio Project Manager in transactional work pertaining to Year 15 acquisitions of LIHTC investor positions
• Recommend annual fee targets for portfolio of housing

Projects in development
• Coordinate operating subsidy and capital financing requirements for affordability and other restrictions with the Housing Development Project Manager
• In support of an acquisition or existing property re-finance, analyze unit map for restriction layering, max rents versus max restrictions, occupancy and income issues, opportunities for maximizing gross potential, etc.
• Support the property management company through marketing and lease-up and the transition to stabilized operations
• Participate in design by supporting the Project Manager in ensuring construction specifications meet RCD’s standards, as informed by existing portfolio and prior development history

Administration
• Support quality control, accuracy, and timeliness of key areas of real estate administration, including: compliance tracking; lender and investor reporting; subsidy administration; insurance claim administration; and property tax exemption renewals
• Monitor property-level legal proceedings and exposures, as well as insurance claims
• Issue accounting guidance and directives to property management company
• Management and board reporting for assigned portfolio of housing

Qualifications:
Qualified applicants should have at least two to four years of progressive experience in the asset management, property management, or development of multifamily rental housing. The position requires an exposure to and familiarity with affordable housing funding programs, real estate, and construction. Ideal candidates will possess a ‘can-do’ attitude, with a desire and ability to embrace the role of owner and long-term steward of RCD’s growing portfolio of affordable housing.

The applicant should have demonstrated experience and/or abilities in the following areas:
• Strong organizational skills and an ability to juggle and prioritize multiple responsibilities
• Strong interpersonal and management skills and an ability to effectively manage the work and staff of the property management company
• Clear and effective verbal and written communication
• Demonstrated relationship-building experience and an ability to work collaboratively with the diversity of affordable housing stakeholders
• Analysis of financial spreadsheets, income statements, and other relevant financial and physical analyses of low income multifamily housing developments
• Knowledge of property management and real estate investment management software and applications a plus, such as: MRI, Boston Post, Yardi, Integratec, RealPage, Prophix.

Education:
Minimum: Associate’s degree in finance, economics, urban studies, architecture or related field, or equivalent combination of education and/or work experience

Desirable: Bachelor’s degree in business administration, economics, or related field
Certified Housing Asset Management (CHAM), IREM, LIHTC or similar training certifications or accreditations

Work Environment: Majority of time spent in a sedentary office environment.

Travel Requirements: The responsibilities of this position will require occasional travel to off-site locations.

Physical Requirements: Must be able to communicate clearly, both verbally and in writing. Must be able to lift twenty (20) pounds. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Application Procedure and Salary: Applicants should send a cover letter, resume, and salary requirements via e-mail to careers@rcdhousing.org. Please reference “Asset Manager” in the subject line. Applicants with suitable experience and/or skills will be contacted for interviews. Compensation is negotiable depending on experience and qualifications. RCD offers competitive benefits including: paid vacation and sick leave; health, dental, vision, life and long-term disability insurance; pre-tax flexible spending and commuter check plans; and employer contributions to a retirement savings plan. No calls please.

RESOURCES FOR COMMUNITY DEVELOPMENT IS AN EQUAL OPPORTUNITY EMPLOYER