Associate Vice President of Asset Management
KCG Companies is a leading vertically integrated real estate development and construction firm specializing in the development of sustainable multifamily housing. Our commitment to quality, innovation, and affordable housing is at the core ofeverything we do.
The Associate Vice President of Asset Management will report directly to our Senior Vice President of Asset Management. They will focus on the operational side of asset management.
Essential Duties and Responsibilities:
- Oversee, monitor, analyze, and report on operational and financial performance for the Stabilized portfolio including but not limited to; monitoring budgets (compared to actuals), cash collections, aged payables, and review occupancy levels as necessary
- Evaluate property management performance as required.
- Conduct all necessary site visits (including tracking those outsourced with third party management).
- Work closely with third-party property managers to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis, deferred maintenance, capital expenditure needs and approvals.
- Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance.
- Evaluate and monitor LIHTC compliance and other risk factors quarterly, or as needed.
- Review partnership agreements, regulatory agreements, financing documents and other sources to determine enforceability of terms, financing structures and constraints, as needed.
- Monitor reserve balances and oversee requests for release of replacement and operating reserves.
- Develop and distribute periodic reports to investors, consultants, and other partners.
- Complete ad-hoc assignments and/or projects required by the Asset Management department.
- Oversee and track offline units to ensure no risk to credits.
Knowledge and Qualifications:
- Bachelor's degree or equivalent work experience, ideally in Accounting, Finance, Business, and Real Estate, or a similar field.
- 6 years of relevant work experience, with LIHTC experience preferred.
- High attention to detail and strong analytical, time management and problem-solving abilities.
- Ability to multitask efficiently in a fast-paced work environment.
- Excellent verbal and written communication.
- Exceptional proficiency with Microsoft Excel, Word, PowerPoint, and Outlook.
- Ability and willingness to travel to sites for investor visits.
- Work based out of the Indianapolis office.
Abilities:
- Excellent verbal and written communication skills.
- Ability to collaborate with a team of professionals across various disciplines.
- Professional and positive interaction with subordinates, peers, and supervisors.
- Maintain a positive attitude and cooperative working relationship with all employees.
- Ability to recognize and manage priorities.
- Demonstrate good judgement in reporting and solving issues.
- Exhibit a "Can Do" Attitude.
- Function independently with minimal supervision while demonstrating good planning skills.
- Ability to multi-task effectively.
- Show initiative in taking on additional responsibilities as schedule allows.
Competencies:
- Demonstrates knowledge of EEO policy
- Shows respect and sensitivity for cultural differences
- Values diversity and promotes a harassment-free environment.
- Treats people with respect and keeps commitments
- Inspires the trust of others
- Works with integrity and ethically
- Upholds organizational values.
Benefits:
- Be part of a team that is focused on values and committed to building better lives through better communities.
- Grow in your career with our development opportunities.
- Thrive in our collaborative and inclusive work environment.
- Enjoy our industry-leading benefits package and competitive compensation.
- Know that your work makes a positive impact on the lives of those in our communities.
EEOC Statement: All employment decisions at KCG Companies are based on business needs, job requirements, and individual qualifications. Qualified candidates are recruited without regard to age, race, color, national origin, gender, and sex.
Salary Description 125,000-135,000
Associate Vice President of Asset Management
KCG Companies is a leading vertically integrated real estate development and construction firm specializing in the development of sustainable multifamily housing. Our commitment to quality, innovation, and affordable housing is at the core ofeverything we do.
The Associate Vice President of Asset Management will report directly to our Senior Vice President of Asset Management. They will focus on the operational side of asset management.
Essential Duties and Responsibilities:
- Oversee, monitor, analyze, and report on operational and financial performance for the Stabilized portfolio including but not limited to; monitoring budgets (compared to actuals), cash collections, aged payables, and review occupancy levels as necessary
- Evaluate property management performance as required.
- Conduct all necessary site visits (including tracking those outsourced with third party management).
- Work closely with third-party property managers to provide direction for and oversight of business plans, budgets, forecasts, leases, analysis, deferred maintenance, capital expenditure needs and approvals.
- Maximize total return for each assigned asset through the analysis of property efficiencies and identifying opportunities for improved performance.
- Evaluate and monitor LIHTC compliance and other risk factors quarterly, or as needed.
- Review partnership agreements, regulatory agreements, financing documents and other sources to determine enforceability of terms, financing structures and constraints, as needed.
- Monitor reserve balances and oversee requests for release of replacement and operating reserves.
- Develop and distribute periodic reports to investors, consultants, and other partners.
- Complete ad-hoc assignments and/or projects required by the Asset Management department.
- Oversee and track offline units to ensure no risk to credits.
Knowledge and Qualifications:
- Bachelor's degree or equivalent work experience, ideally in Accounting, Finance, Business, and Real Estate, or a similar field.
- 6 years of relevant work experience, with LIHTC experience preferred.
- High attention to detail and strong analytical, time management and problem-solving abilities.
- Ability to multitask efficiently in a fast-paced work environment.
- Excellent verbal and written communication.
- Exceptional proficiency with Microsoft Excel, Word, PowerPoint, and Outlook.
- Ability and willingness to travel to sites for investor visits.
- Work based out of the Indianapolis office.
Abilities:
- Excellent verbal and written communication skills.
- Ability to collaborate with a team of professionals across various disciplines.
- Professional and positive interaction with subordinates, peers, and supervisors.
- Maintain a positive attitude and cooperative working relationship with all employees.
- Ability to recognize and manage priorities.
- Demonstrate good judgement in reporting and solving issues.
- Exhibit a "Can Do" Attitude.
- Function independently with minimal supervision while demonstrating good planning skills.
- Ability to multi-task effectively.
- Show initiative in taking on additional responsibilities as schedule allows.
Competencies:
- Demonstrates knowledge of EEO policy
- Shows respect and sensitivity for cultural differences
- Values diversity and promotes a harassment-free environment.
- Treats people with respect and keeps commitments
- Inspires the trust of others
- Works with integrity and ethically
- Upholds organizational values.
Benefits:
- Be part of a team that is focused on values and committed to building better lives through better communities.
- Grow in your career with our development opportunities.
- Thrive in our collaborative and inclusive work environment.
- Enjoy our industry-leading benefits package and competitive compensation.
- Know that your work makes a positive impact on the lives of those in our communities.
EEOC Statement: All employment decisions at KCG Companies are based on business needs, job requirements, and individual qualifications. Qualified candidates are recruited without regard to age, race, color, national origin, gender, and sex.
Salary Description 125,000-135,000
