Job Description

DIRECTOR OF ASSET MANAGEMENT

Sunrise Affordable Housing Group

Firm Overview

Sunrise Affordable Housing Group (“Sunrise”) is a real estate investment company specializing in acquiring and operating affordable-rate multifamily properties across the United States. We target properties with LIHTC restrictions, Section 8 HAP contracts, and other affordability components. Our current portfolio includes a mix of LIHTC and Section 8 properties, designated for both family and senior residents, with concentrations in the Southeast and West. Our leadership team has an extensive track record in affordable housing acquisition with leading developers before launching Sunrise. We are headquartered in Palm Beach, FL, with additional offices in New York and Los Angeles.

Job Overview

We are seeking an experienced Asset Manager to join our leadership team. The Director of Asset Management will report to the leadership team and be responsible for all aspects of the operational performance and financial reporting of our portfolio. The ideal candidate is self-motivated, entrepreneurial, and knowledgeable in affordable housing programs. In this role, the Director of Asset Management will:

• Oversee 3 rd -party property management to support day-to-day operations;
• Coordinate with 3 rd -party project management to track the budget, schedule and progress of ongoing capital improvement projects
• Manage internal financial budgeting, forecasting and reporting for property operations and capital projects by implementing internal processes to track progress and identify potential issues
• Coordinate and work with the relevant 3 rd -party professionals to complete audits, taxes and other partnership/regulatory reporting requirements
• Monitor compliance with all regulatory, loan and partnership agreements, and liaise with partners, lenders, and governmental institutions

Requirements

2+ years of experience in Affordable Housing multifamily asset management. Past experience with LIHTC and Section 8 is required.

Strong financial modeling and quantitative analysis skills.

Experience managing rehabilitation projects and capital expenditures.

Strong interpersonal skills to effectively manage relationships with internal teams, property management companies, and partners.

Salary

Competitive salary ranging from $125,000 – $175,000, depending on experience and qualifications.

Location

The job is located in Los Angeles, CA. Travel up to 20% of the workweek.

Equal Opportunity Statement

Sunrise is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Job Tags

Similar Jobs