Asset Manager

Volunteers of America National Services (VOANS) is seeking an Asset Manager to represent owner and sponsor interests across our housing portfolio. This role plays a critical part in ensuring our properties operate at optimal performance while remaining fully compliant with financial, regulatory, and reporting requirements.

Asset Manager - Remote

The portfolio will cover Western USA, we are seeking a candidate that is based out of Texas.

Schedule: M-F 8:00 AM-5:00 PM

Salary: $84,000-$92,000 (Based on Experience)

The Asset Manager represents the owner/sponsor interests in all housing properties sponsored/cosponsored by Volunteers of America National Services. The objective of this position is to ensure that housing properties owned by Volunteers of America National Services are performing at optimal level (including financial, physical plant and operating systems) and in compliance with financial covenants, regulatory requirements and other reporting and filing requirements as imposed from time to time.

• 403(b) Retirement Plan
• Continuing career education and leadership programs;
• Medical, Dental and Vision Insurance
• Paid Time Off (Vacation, Holiday & Sick Days)
• Net Spend – Get paid early:
  Tap into 50% of your earnings before payday

• Gather, evaluate, interpret and report on the operational performance and condition of assigned real estate assets. Provide analysis, conclusions and recommendations regarding specific properties assigned as well as entire real estate portfolio.
• Assure timely submission of monthly/quarterly financial reports from management and accounting entities. Review reports and assess actual performance to approved budget and original underwriting assumptions.
• Obtain further information and clarification, as needed from management entities.
• Coordinate timely submission of annual operating and capital budgets from properties assigned; review for completeness, accuracy and conformance to performance goals, assuring that adequate funding sources have been identified to accomplish any capital needs to be undertaken.
• Assure timely submission of audited financial statements. Review and analyze statements; report on any findings or performance issues that require action; conduct follow-up as necessary with auditor or entity and track resolution of issues. Track and compare data from year to year, identifying trends or issues that require action.
• Order market studies, capital needs assessments, engineering studies, or other professional reports as required for assigned portfolio; develop implementation plans for any subsequent actions indicated by such professional studies.
• Track compliance with all loan and program regulatory requirements; institute remedial actions as required to correct non-compliance.
• Track adequacy of required reserves and escrow accounts.
• Develop and submit investor reports as required.
• Ensure tax filings and exemption requests are made on a timely basis.
• Present financial reports, analyses, forecasts, and recommendations for action as required to senior staff or affiliate offices. Make presentations to pubic as requested.
• Provide input, analysis and recommendations on proposed projects to Real Estate Development, and assist in transition process from construction to operations.
• Present financial reports, analyses, forecasts, and recommendations for action to the senior housing, Volunteers of America National Services local offices.

• Conduct on-site inspections of assets to evaluate physical condition, effectiveness of management operations, regulatory compliance, external effects on property and market position. Report on findings and conclusions; direct corrective measures to be accomplished and recommend changes or improvements needed.
• Identify assets that require intervention, changes in management, workouts, refinancing or disposition and develop plans to carry out such actions.
• Maintain the system to track financial and operational performance of each asset, working with accounting and management to create key indicators.
• Maintain the system for tracking and reviewing annual audited statements to ensure tracking and mitigation of audit findings and…