Asset Manager

We're passionate about the communities we serve and our mission to enhance quality of life through affordable housing and resident services. As part of our dedicated team, we need your interpersonal savvy and your financial acumen as our new Asset Manager in Newport Beach, California.  As our California-based Asset Manager, you will lead a growing portfolio of affordable housing communities, ensuring the portfolio initiatives and performance are in alignment with our mission-based goals.  

Your role will include:

• Maintaining detailed working knowledge of each project within your portfolio.
• Monitoring asset performance by collecting, reviewing, analyzing and reporting on asset financials, including monthly financial reviews, monthly and quarterly portfolio reporting, internal cash flow modeling and forecasting, annual budgeting of revenue, and expenses and capital expenditures.
• Overseeing and monitoring the achievement of benchmarks such as construction completion, qualified occupancy, stabilization, and permanent loan conversion of LIHTC projects.
• Using your in-depth knowledge of property operations to guide property management in decision-making based on budgets, cash balances, development processes, and business plans.
• Partnering closely with our resident services coordinator to ensure resident and community goals and objectives are met.
• Supporting the Development process by guiding the underwriting process, ensuring a smooth transition from Development to Asset / Property Management, managing lease-ups, and providing underwriting guidance.
• Ensuring compliance for your portfolio by tracking and overseeing management company filings including state, lender, and investor reporting, as well as tax exemptions by non-profit partners.

If the following describes you, we want to hear from you:

• Strong written and verbal communication skills (in English), allowing for clear and succinct communication in a variety of settings (phone, in-person and email), and with people of various backgrounds and levels, both internally and externally.
• Thorough understanding of MS Office and Google Workspace, with advanced knowledge of MS Excel.
• A strong customer focus, with dedication to meeting the expectations, needs and requirements of internal and external customers, successfully gaining their trust and respect.
• Willingness to roll up your sleeves and dig in, finding creative solutions to new and old challenges.
• Ability to work successfully both independently and with others, building professional working relationships based on mutual trust and respect.
• Comprehensive understanding of financial statements, including Operating Statement, Rent Roll, Balance Sheet and Aged Receivables.
• A strong understanding of development, finance, operations, or affordable housing.
• Strong planning and organizing skills, with the ability to work on multiple projects simultaneously and while adhering to deadlines.
• Ability to periodically travel to your West Coast properties.

Minimum qualifications:

• Bachelor’s degree in real estate, finance, economics, or a related field, or equivalent experience.
• Minimum 3 years of experience in real estate development.
• Minimum 2 years of experience with LIHTC/ affordable housing.
• Asset Management experience. 
• Experience with Limited Partnership agreements, loan documents, regulatory agreements other legal documents relating to affordable real estate transactions.
• Master’s degree in real estate development a plus.

Who we are:

Community Development Partners (CDP) is a leading affordable housing developer and operator dedicated to creating innovative housing solutions with a focus on long term community engagement. CDP is a mission driven organization and certified B Corporation. The organization has offices in Portland, OR and Newport Beach, CA and currently has projects in Oregon, California, Arizona, and Nevada. CDP brings a creative placemaking philosophy to an otherwise finance-driven world of affordable housing to provide the highest quality housing to low-income families. By incorporating robust resident programming into our projects, we successfully create communities that instill pride of place and connect residents with one another and the larger community.

Founded in 2011, we are a private company with a dedicated team and exciting work environment. We deliver extraordinary, high impact projects in the communities that need them most. The work environment is fast paced while also promoting an active lifestyle and work life balance. This is an exceptional opportunity to embark on or continue your journey along a mission driven career path.

CDP is an Equal Opportunity Employer. We offer a phenomenal benefits package, including heavily subsidized health and dental insurance, retirement plan with matching contributions, PTO, and more, and we'd love to have you join our team!