Rockville, Maryland

The Asset Management Associate will manage a portfolio of senior and affordable housing assets, with a focus on maximizing value and minimizing risk. The Asset Management Associate will work closely with the Asset Management team to implement strategic initiatives and improve operational performance. The ideal candidate will have a deep understanding of the real estate market, strong analytical skills, excellent communication skills, and a proven track record of maximizing asset performance.

Key Job Responsibilities

Analyze and manage the financial and physical performance of a portfolio of senior and affordable housing properties.
Review and analyze operating results to identify areas of opportunity for cost savings and increased revenue. Present results and recommendations to senior leadership team.
Collaborate with the Property Management, Finance, Development, and Accounting teams, to ensure alignment with overall business objectives and ensure seamless operations.
Participate in regular meetings with senior management to discuss portfolio performance and strategic initiatives.
Support efforts to improve overall energy efficiency by identifying opportunities and funding sources to help meet organization’s resiliency goals.
Conduct regular property inspections.
Assist in the preparation of property budgets.
Participate in due diligence and overall transaction support.
Track and report insurance claims.
Manage Capital Expenditure process, including directing budget process, reviewing unbudgeted requests, and managing replacement reserves.
Prepare the monthly financials dashboard and provide an analysis of opportunities identified.
Follow up with Regional Managers on variance questions regarding expense overages and income shortfalls.
Manage Subsidy Programs, including review of rent and expense increases; ensure rent studies and Utility Analysis are being completed in accordance with individual contracts. Confirm accurate audit, insurance, and tax expenses.

Qualifications

Bachelor’s degree required, preferably with course work in finance, economics, real estate, or related fields.
Demonstrated interest in affordable housing and/or senior housing or related areas.
Experience in real estate finance, asset or property management, preferred, particularly in affordable housing real estate.
Strong writing and presentation skills, with the ability to analyze data and present information.
Ability to work both independently and on a team, as well as to multi-task and meet deadlines.
Proficiency with Microsoft Excel, Word, Outlook, PowerPoint, & Teams; Yardi and Smartsheet also helpful.
Strong communication skills.
Able to work in office or in the field, as directed.

We offer a competitive benefits and salary package, including free parking and free gym access.

Victory Housing is an Equal Opportunity Employer committed to providing an inclusive work environment for staff, clients, volunteers and service partners. Victory Housing’s employment, advancement and recruitment processes ensure diversity in terms of age, color, disability, ethnicity, gender, gender identity or expression, marital status, national origin or ancestry, race, religion, sexual orientation, genetic information, and/or military or veteran status.

Victory Housing, Inc.

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Asset Management Associate