%20-%20Color.jpg)
Full-Time Asset Manager
Type
Full-Time
Schedule Monday - Friday, 8am - 5pm, and as needed
Location
7700 Trenholm Rd. Ext., Columbia, SC 29223
We offer a variety of positions from onsite property managers and maintenance staff, to district managers, and support staff at the home office located in Columbia, South Carolina.
We would like to have you consider joining a team that provides training, recognition, reward and challenge.
We offer competitive salaries, medical, dental, vision, life insurance, paid time off, short term/long term disability insurance at group rates and 401K.
Role and Responsibilities
(50%) Portfolio Management
- Collect and interpret relevant data necessary for measuring the economic and physical condition of the properties.
- Work with CMI property management and accounting staff to improve underperforming properties through budget process and /or other actions not requiring a capital event.
- Provide monthly assessment of the portfolio to supervisor on portfolio condition, property changes planned and implemented and property summary of underperforming assets.
- Work with supervisor and other CPC team members to stabilize properties through recapitalization as required. Collaborate with third parties to implement recapitalization plans and lead recapitalization efforts.
- Work with supervisor and CPC team members to consider and price new acquisitions.
- Develop and maintain a current knowledge of industry trends and asset management standards for affordable housing portfolios.
- Ensure periodic physical inspections of the properties, monitor correction of noted deficiencies and maintain historical record of same
(25%) Relationship Management
- Work with Lenders, Grant Providers, and Federal and State Agencies to obtain financing for recapitalization initiatives.
- Prepare necessary reports for all financial partners and respond to stakeholders concerning potential and closed recapitalizations.
- Work with third party report providers (Environmental, Appraisal, Market Study, Capital Needs Assessment…) to finalize reports and incorporate final findings in current and projected property operations.
- Work with CMI staff, supervisor, and CPC team members to ensure timely reporting of portfolio status to all internal and external customers.
(25%) Data Management & Coordination
- Maintain version control for portfolio databases and other financial worksheets necessary to measure portfolio performance.
- Work with CMI, and accounting and legal firms to ensure portfolio metrics reported on are an accurate representation of the properties current financial condition and trending conclusions as applicable.
- Work with CMI staff to ensure monthly and annual property information is shared efficiently and timely.
- Collaborate with supervisor and CPC team members to ensure budgets and schedules are maintained for properties undergoing recapitalization.
- Perform other related duties as requested or assigned.
If you are a team player, with a commitment to excellence in whatever you do, you could have a bright career opportunity with CAHEC Management, Inc. With over 30 years in the property management business, we strive every day to fulfill our Mission by providing opportunities for employees to achieve professional excellence.
We offer a variety of positions from onsite property managers and maintenance staff, to district managers, and support staff at the home office located in Columbia, South Carolina.
We would like to have you consider joining a team that provides training, recognition, reward and challenge.
We offer competitive salaries, medical, dental, vision, life insurance, paid time off, short term/long term disability insurance at group rates and 401K.
Company Overview
Community Affordable Housing Equity Corporation (CAHEC) is a non-profit community investment company based in Raleigh, NC, with the mission to provide communities affordable housing and opportunities for growth and revitalization by investing in qualified tax credit products throughout the southeast and mid-Atlantic. CAHEC Properties Corp (CPC) a non-profit affiliate of CAHEC, is based in Columbia, SC. CPC owns, acquires, rehabilitates, and develops affordable apartment communities in the southeast and mid-Atlantic. CPC’s mission is to expand the availability of quality affordable housing and maintain a portfolio of affordable housing that provides excellent service to residents, investors, and communities.
CAHEC Properties Corporation Overview
CPC is responsible for (i) structuring, negotiating, and closing new and resyndicated development projects, (ii) providing owner representation for properties owned by CPC and its affiliates, and (iii) acquiring affordable properties that are at risk of removal from the affordable housing stock. Through its affiliates, CPC is the Managing Member or General Partner for over two hundred and thirty multifamily affordable housing communities and, in this role, is responsible for the physical and economical oversight of each property. Specifically, CPC is responsible to ensure all applicable compliance is maintained, the physical condition of each property is at a high quality, all local, state, and federal reporting requirements are met, and financial commitments to investors and other stakeholders are maintained. CPC is also responsible for overseeing all property and corporate accounting and finance functions of CPC and its affiliated entities.
Position Summary
Minimum Work Experience
Minimum Education
Qualifications and Education Requirements
- Bachelor’s degree in planning, real estate, math, finance, business, accounting, or economics or related field; or an equivalent combination of education and comparable work experience.
Preferred Skills
- Proven ability to demonstrate advanced proficiency in Microsoft Word and Excel.
- Knowledge of accounting principles to understand a property’s financial condition through review of monthly balance sheets and income statements and annual audits.
- Working experience and knowledge of real estate development projections.
- Knowledge of the LIHTC Program and USDA 515, 521 and 538 programs, and the ability to apply this knowledge to affordable housing transactions.
- Proven ability to manage multiple, concurrent priorities and easily adapt to constantly changing priorities to meet established timetables.
- Proven ability to listen and understand issues being presented, and to think analytically to develop and recommend effective creative solutions.
- Demonstrate excellent interpersonal and communication skills (verbal and written), particularly for obtaining, organizing, and accurately conveying information pertaining to portfolio and property performance.
- Work with an overall methodology consistent with CAHEC’s principles of integrity and social responsibility and values of quality, customer service, leadership, innovation, personal development, and fun.
Equal Opportunity Employer
CAHEC Management is an Equal Opportunity Employer. It is the policy of the Company to provide equal opportunity for all employees and applicants for employment without regard to race, color, creed, religion, gender, sexual orientation, national origin, age, marital status, mental or physical disability, pregnancy, military or veteran status, or any other basis prohibited by state or federal law. This policy also prohibits employees from harassing any other employees for any reason including, but not limited to, race, religion, sex, national origin, age, or disabled status.
Fair Housing and Equal Opportunity
This institution is an equal opportunity provider and employer. The Fair Housing Act prohibits discrimination in real estate related transactions, or in the terms of conditional of such a transaction, race, color, religion, sex, disability, familial status, or national origin. The Federal agency that is responsible for enforcing this law is the U. S. Department of Housing and Urban Development. If a person believes that they have been discriminated against in violation of this law, they should contact the U. S. Department of Housing and Urban Development, Washington, DC 20410 or call (800) 669-9777.
