Are you interested in combining your skills in owner representation/financial evaluation/people coaching with a commitment to social resilience for the Mission district in San Francisco?
Your Career Opportunity
As an Asset Manager with the Community Real Estate (CRE) team, you will be on the leading edge of MEDA’s efforts to stop displacement of families in the Mission and San Francisco through housing preservation and production. The CRE team manages a $100 million, 30+ building portfolio of preservation, tax credit, and commercial properties. You will be responsible for monitoring the operational performance of MEDA’s growing portfolio, benchmarking, joint venture partner and funder relationships, physical condition, program compliance, strength of market, including both residential and commercial uses. You will be responsible for representing MEDA’s long-term owners interests with internal and external stakeholders in the establishment of clear goals, problem solving, and oversight of each property, consistent with our strategic plan. Your passion for keeping families rooted, superior communication skills, financial fluency, strong sense of initiative, and project/team management skills that deliver results will be well utilized in this position.
About MEDA
The Mission Economic Development Agency (MEDA) is a community-based, local economic development organization, which, for over 48 years, has engaged individuals, families, and small businesses in community-building strategies. Rooted in the Mission and focused on San Francisco, MEDA’s mission is to strengthen low- and moderate-income Latino families by promoting economic equity and social justice through asset building and community development.
Duties and Responsibilities
The work of the assessment management unit is dynamic and evolves with the growth of the CRE Team. Core areas of your work, among other duties and responsibilities, will entail:
Real Estate Portfolio Management & Forecasting
- Support Senior Asset Manager(s) and Deputy Director in implementing and aligning strategies and achieving anti-displacement outcomes.
- Work closely with Preservation and Production teams through each stage of the real estate lifecycle.
- Identify and manage financial risks related to the real estate portfolio, including but not limited to preparing financial evaluations and recommendations, developing pro forma budgets, conducting benchmarking and utility analyses, performing technical reviews of official documents, and providing constructive input on property management plans.
- Prepare timely and concise written and verbal presentations, financial plans, and RFI responses to internal and external stakeholders to report, analyze, audit, and forecast portfolio.
Compliance and Monitoring
- Guide the financial and physical strength of MEDA’s portfolio and ensure timely and accurate compliance with lenders and investors, particularly the San Francisco Mayor’s Office of Housing and Community Development.
- Closely monitor and consistently report on the operational and financial performance of the portfolio of properties. This includes preparing, analyzing, and/or auditing property budgets, operating statements, tax filings, and like documents.
- Work with project managers to create accurate pro forma financials and long-term financial plans for new properties.
- Review budgets to ensure properties are meeting affordability, operating expense per unit, reserve funding, and surplus cash distribution goals as required under all agreements or regulations.
- Coordinate and monitor timely and accurate completion of Property Tax Welfare Exemptions
- Coordinate transition from development to operations including document transition, creation of property binders, regulatory compliance, budgeting, LP payment and 8609 processing.
- Conduct inspections of the portfolio.
Tenant and Community Outreach
- Set and manage owner direction and policies for tenant engagement and retention with staff, including community real estate and housing opportunities program staff.
- Be part of the integration of MEDA’s programs for generational wealth building as resources for residents and businesses in MEDA’s portfolio.
- Represent owner’s operation interests in joint venture partnerships with development project manager staff.
Property Management Oversight
- Oversee third party property management company in accordance with long term objectives and policies for portfolio. Working with the Associate Director of Asset Management to establish and implement a business plan for future in-house property management.
- Provide constructive input to property management when adverse performance trends arise and actively participate in developing corrective management plans.
- Responsible for third party property management relationships and monitoring the performance of the properties they manage.
Your Keys to Success
To perform successfully in this role, you will need to leverage these key qualifications:
- 3+ years of real estate experience including asset and/or property management with direct responsibility for team management
- Bachelor’s degree or additional related work experience; Master’s degree in nonprofit management, real estate, urban planning or related area a plus
- Strong management skills, with focus on data management, accountability and achieving results;
- Interpersonal skills that allows for the development of positive working relationships, conflict-resolution while maintaining strong supervision and accountability;
- Experience and knowledge of coaching methodology.
- Experience in project management with time-bound deadlines and accountability to team;
- Strong financial proforma skills, including proficiency in Microsoft Excel
- Spanish fluency preferred.
- Strong working knowledge of Mission District preferred.
- Proven ability to develop and maintain cooperative relationships with individuals from diverse backgrounds, including board members, public sector staff and officials, representatives of other nonprofit organizations, vendors, and people from low-income households.
- High degree of independence, initiative, responsibility, and accountability as well as capability in a team environment.
TO APPLY:
Please click on the link below to complete an application for this position.
https://medasf.bamboohr.com/jobs/view.php?id=83
