Asset Manager (Foster City)

The role

The Asset Manager oversees a portfolio of up to 50 properties and serves as the primary contact for investors and lenders. They ensure the long-term financial health of the portfolio and provide analytical support on financial matters.

What you will do

• Establishes and maintains working relationships with lenders and investors
• Manages the annual budget process with Property Management and Development
• Ensures properties meet affordability, operating expense, reserve funding, and surplus cash distribution requirements
• Reviews long-term capital plans and manages reserve balances
• Reviews and analyzes investor and lender reporting
• Negotiates with partners and lenders to amend agreements
• Presents resolutions and property performance summaries to the Board Committee
• Researches and reviews governing and source documents for properties
• Conducts site visits and property condition reviews
• Collaborates with Development and Property Management to develop proformas and strategic plans

Required qualifications

• Bachelor’s degree in the field of Finance, Business Administration, Accounting or related field
• A minimum of three years’ experience in real estate or finance with a heavy emphasis on financial analysis of large portfolios
• Experience in at least four of the following: non-profit affordable housing, refinancing of debt, HUD regulatory programs, real estate accounting, financial analysis, property management or project de
• Proficiency in Microsoft Excel, Word, and Outlook
• Strong analytical, accounting, and financial skills
• Ability to prepare financial feasibility analyses, strategic plans, research, narrative reports, and proposals
• Strong written and verbal communication skills
• Ability to collaborate with internal and external stakeholders
• Ability to manage day-to-day responsibilities with minimal supervision
• Valid California driver’s license
• Reliable transportation
• Proof of current auto insurance

Benefits

• Health Insurance
• Dental, Vision, Life & Disability Insurance
• 403(b) Retirement Investment
• Employee Education Reimbursement Program
• Paid Parental Leave
• FSA for Childcare, Medical, and Commuter Benefits
• EAP Program
• Pet Insurance
• Paid Time Off
• Company Holidays
• Wellness Days

About the company

MidPen develops affordable housing, provides professional property management, and coordinates onsite support programs. They are a non-profit active in 12 Northern California counties.