SFCLT is Seeking an Asset Manager/Co-Director of Asset Management

Job description

Do you have real estate and property management skills but tired of working for the wrong side of capitalism? Are you looking for a meaningful job doing good in the world where you are valued, have a voice, and are encouraged to maintain a good work/life balance?

SFCLT seeks an Asset Manager/ Co-Director of Asset Management (Co-Directorship to begin 01/01/2023) to manage 145+ units in our growing portfolio of currently 14 buildings.

The Asset Manager is hired by and reports to the Executive Director, as well as, working closely with the Associate Asset Manager (soon to be Co-Director).

CORE RESPONSIBILITIES:

Ensuring the financial sustainability and stabilization of our 14 buildings and 145+ units

• Optimizing properties to achieve a DSCR minimum of 1.1 or greater

• Reserve Management – Operating and Replacement

• Regular review of Capital Needs Assessments/Coordinate Outside Consultants

• Project Management, Bid leveling, and managing consultants for property rehabilitation and renovation work, and work with bookkeeper to process invoices/draws in a timely and accurate manner.

• Identifying optimal hard debt and soft debt (private and public) financial products for refinancing

• Reviewing Monthly/Quarterly Financials & working with the bookkeeper to create systems/improve our internal financial management

• Annual Budgets: Creating and presenting budgets for staff and residents

• Identifying cost saving methods like electrification & solar.

Navigating and ensuring compliance

• Overseeing resolution of all code violation related issues

• Welfare Exemption Preparation – first and annual filing

• Compliance: Mayor’s Office of Housing & Community Development (MOHCD) Annual Monitoring activities – reporting

• Lender reporting – quarterly and annual

• Support of the annual Financial audit including annually setting a bad debt policy.

• Income certification for new and existing tenants

Overseeing Staff/Collaborating on Lease Up Activities

• Creating a marketing plan

• Advertising

• Lottery

• Notifying and Confirming eligibility of lottery winners

• Move In/Lease Signing/SFCLT policies and property House Rules

Collaborate with the Acquisitions on feasibility studies and pursuing new project leads.

• Financial feasibility assessment: Develop pro formas for new projects

• Social feasibility assessment: Tenant outreach

QUALIFICATIONS/ SKILLS/ EXPERIENCE

The ideal candidate will have experience working with people from diverse socio-economic and cultural backgrounds, will be passionate about the organization’s mission, and be experienced in project management, facilitation, and working independently with accountability to a team. We hope to hear from candidates who have:

• Deep alignment with & enthusiasm for SFCLT’s mission

• At least 2 years of experience in managing the financial health of residential multi-unit housing.

• Experience managing relationships with contractors & consultants

• Ability to quickly establish credibility and build strong relationships with diverse groups of people, particularly marginalized and housing insecure tenants and residents

• Ability to work independently to advance projects while maintaining accountability to a small team

• Commitment to open communication and intentional information-sharing

• Extremely organized and detail-oriented work style

• Ability to maintain a high level of confidentiality

• Excellent written and oral communication skills

• Proficiency in Microsoft Office Suite (particularly excel) and Google Suite

While not required, skills or experience in any of the following areas/activities are desirable:

• Residential rehabilitation construction management, including but not limited to: scope of work creation, capital needs assessments, coordinating consultants (architects, general contractors, etc) and acting as a liaison between the construction team and the SFCLT team.

• Affordable housing experience either in asset management or project management.

• Rooted in communities most impacted by gentrification and displacement, including communities of color and low-income, queer, and immigrant communities of San Francisco.

• Highly developed leadership skills, including facilitation and public speaking

• Ability to communicate in Spanish or other language widely used in SF

• Bachelor’s and/or Master’s degree

SALARY AND BENEFITS

Pay: $80,000-$140,000 depending on experience. SFCLT offers 31 days of PTO/yr , health, and transportation reimbursement benefits.

Please send your resume and cover letter to: sbailey@sfclt.org. Applications will be reviewed on a rolling basis. We look forward to hearing from you!

Job Type: Full-time

• All applicants must be fully vaccinated before the start date (2 shots + booster)

• This is a hybrid workplace which requires some in-office time.