The Asset Manager participates in developing, updating and implementing the company’s strategic asset management plan. The plan provides a systematic approach to ongoing oversight of Burbank’s real estate portfolio. The Asset Manager, as Burbank’s “owner representative,” is involved in all stages of real estate activities from pre-development through operations to ensure that the real estate assets achieve their goals in furtherance of organizational mission.
The position is characterized by a high degree of initiative, responsibility, accountability, a strong technical aptitude and ability to work effectively with individuals and organizations with a wide variety of interests, issues and concerns. This is a full-time exempt position that reports to the Director of Asset Management and works in close coordination with the finance, property management and housing development teams. The Asset Manager also collaborates on compliance and reporting efforts, including relationships with agencies, investors and lenders.
Specific Duties and Responsibilities: The following reflects Burbank Housing’s definition of essential functions for this job but does not restrict tasks that may be assigned. This job description incorporates an Asset Management Task List that more fully annotates the responsibilities of the position.
Financial Oversight
Real Estate Oversight
New Development, Recapitalization and Buyout
Other
Job Knowledge/Skills:
Qualification Requirements: The requirements listed above are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made (except experience levels) to enable individuals with disabilities to perform essential job functions.
Education and/or Experience: BA degree with major in finance, business administration or related field required. Three (3) to five (5) years plus of combined experience in affordable housing property management, multi-unit rental housing development and management, lending, asset management, and/or real estate development highly preferred, with extensive exposure to analyzing real estate development pro-formas, and preparing and reviewing property operating budgets.
Language Skills: Ability to read, interpret, and analyze relevant information; write reports and business correspondence; and to effectively present information and respond to questions from groups and individuals.
Mathematical Skills: Complete competence in college level mathematics, including the ability to conceptualize and analyze financial questions in mathematical terms.
Reasoning Abilities: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret technical instructions in mathematical and diagram form.
Physical Demands: While performing the duties of this job, employee is regularly required to walk; sit; use hands to handle objects/operate keyboards, tools or controls; reach with hands and arms; (both above the shoulders and below the waist) lift up to 20 pounds stoop; kneel and crouch; talk and hear.
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