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Millennia Housing Management Vice President of Asset Management in Cleveland, Ohio

A leader in the multifamily real estate industry, specializing in the management of affordable housing communities, is searching for an experienced Vice President of Asset Management. The Multifamily Vice President of Asset Management will be responsible for asset managing a portfolio of at least 20k units of the Company's nationwide Section-8 and LIHTC properties.

The position is ideally suited for a highly motivated, detail-oriented individual with a solid, affordable housing asset management background and strong work ethic. This individual should have the desire to be a part of a rapidly expanding company and work within a team of other highly motivated individuals.

The position is located in Cleveland, OH at our corporate office.

We’re open to someone working remotely 2x - 3x per week if they don’t reside in Cleveland, OH

Duties will include:

  • Responsibility for overall portfolio management and profitability

  • Ensure the oversight and implementation of the property business plan and budget

  • Analyze property financials and performance metrics in pursuit of maximizing revenue and minimizing expenses

  • Provide recommendations and implement changes for property improvements based on thorough analysis and experience

  • Prepare narratives and financials for investor reporting

  • Assist in the development and monitoring of strategies to maximize asset values within the portfolio

  • Complete property inspections as part of monitoring property performance, management execution, and property capital needs

  • Negotiate major vendor contracts and pursue portfolio-wide expense reductions through vendor bidding

  • Problem solve property and portfolio level issues through research, analysis, and implementation

  • Oversee preparation for HUD & REAC inspections

  • Implement and monitor capital improvement projects

  • Assist in conducting due diligence and financial modeling for new acquisitions and dispositions

    Requirements

  • 3 - 5 years experience in multifamily asset management

  • Section 8 and low-income housing tax credit experience required

  • Bachelors degree (prefer real estate, business, or finance)

  • Excellent MS Excel skills

  • Strong management skills, with an ability to work independently and multitask

  • Highly motivated, with a positive "can-do" attitude

  • An analytical approach with a results-oriented mindset

  • Ability to think like an owner in all decision making

  • Entrepreneurial spirit with a willingness to do what is necessary

  • Travel to properties across the nation will be required

    Values We Seek

    Respect: Respect is shown by demonstrating a sense of self-awareness and reflecting on one's own words and actions to adapt, grow, and succeed. We embrace our differences while recognizing what brings us together.

    Collaboration: Collaboration begins with strengthening our relationships with our residents, owners, partners, and employees, relying on strong communication and a deep understanding of the values and needs of all those involved.

    Service-Focused: Understands what internal and external stakeholders' value and anticipates their needs; strives towards creating a meaningful experience and builds lasting relationships.

    Performance: Achieving exceptional performance requires us all to be working on the right things at the right time and, in doing so, staying aligned with our business fundamentals and priorities. It also requires us to understand the business – carefully and critically analyzing our performance and our metrics, and weighing options and risks before decisions are made.

    Physical Demands

  • N (Not Applicable) Activity is not applicable to this position.

  • O (Occasionally) Position requires this activity up to 33% of the time (0 - 2.5+ hrs/day)

  • F (Frequently) Position requires this activity from 33% - 66% of the time (2.5 - 5.5+ hrs/day)

  • C (Constantly) Position requires this activity more than 66% of the time (5.5+ hrs/day)

    Physical Demands

    Lift/Carry

    Push/Pull

    Stand - F

    Grasp - F

    10 lbs or less - C

    12 lbs or less - O

    Walk - F

    Reach Outward - F

    11-20 lbs - C

    13-25 lbs - N

    Manually Manipulate - F

    Reach Above Shoulder - F

    21-50 lbs - N

    26-40 lbs - N

    Sit - F

    Speak - C

    51-100 lbs - N

    41-100 lbs - N

    Climb - F

    Crawl - N

    Over 100 lbs - N

    Squat or Kneel - F

    Bend - N

    We believe that each employee makes a significant contribution to our success. The assigned responsibilities should not limit that contribution. Therefore, this position description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent nor our Company to only the work identified. We expect that each employee will offer their services wherever and whenever necessary, to ensure the success of our endeavors.

    EOE/Disabled/Veterans Statement

    We are an Equal Opportunity Employer. Each applicant for employment is considered solely on the basis of job qualifications, without regard to race, color, religion, sex, sexual orientation, genetic information, age, disability, national origin, veteran status, or any other classification protected by law.

    Background Check Process

    The information in your resume and application, including employment history, educational history, and references, are subject to verification.

    Acknowledgment

    This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the associate for this job. Duties, responsibilities, and activities may change at any time with or without notice.

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