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Financial Asset Manager
Job Description
Our client is seeking a full time Financial Asset Manager to join their Pittsfield team! This position offers a flexible hybrid schedule, but will require coming to their Pittsfield office at least several times a month. The Financial Asset Manager collaborates with the CFO and Asset Management Team to ensure the financial sustainability of our affordable housing portfolio.
Key Responsibilities:
- Oversee property performance to meet financial and operational goals.
- Understand property details, including legal documents and challenges.
- Identify risks and develop mitigation strategies, ensuring adequate insurance coverage.
- Supervise portfolio accounting staff and monitor financial performance, including budgets and revenue.
- Prepare financial reports, including monthly dashboards and watchlist properties with corrective action plans.
- Develop and present annual budgets for approval.
- Manage communications regarding portfolio finance with stakeholders.
- Lead annual audits, ensuring timely completion and positive outcomes.
- Collaborate with Management and the Real Estate Development Team to structure property rents, utility schedules, operating expense budgets, and reserve deposits for recapitalization or refinancing.
Required Skills and Abilities:
- Strong understanding of affordable housing programs (HUD, LIHTC, etc.) and relevant regulations.
- Knowledge of tax laws and generally accepted accounting principles.
- Strong financial analysis and budgeting skills.
- Excellent written and verbal communication skills.
- Proficiency in Microsoft Office.
- Exceptional organizational skills, including multitasking and prioritization.
- Mission-driven with strong values, seeking creative solutions in a collaborative environment.
Education and Experience:
- Bachelor’s degree in Accounting, Finance, or Real Estate required.
- 5+ years of experience in asset management, property management, or a related field, preferably in affordable housing.
Our client is seeking a full time Financial Asset Manager to join their Pittsfield team! This position offers a flexible hybrid schedule, but will require coming to their Pittsfield office at least several times a month. The Financial Asset Manager collaborates with the CFO and Asset Management Team to ensure the financial sustainability of our affordable housing portfolio.
Key Responsibilities:
- Oversee property performance to meet financial and operational goals.
- Understand property details, including legal documents and challenges.
- Identify risks and develop mitigation strategies, ensuring adequate insurance coverage.
- Supervise portfolio accounting staff and monitor financial performance, including budgets and revenue.
- Prepare financial reports, including monthly dashboards and watchlist properties with corrective action plans.
- Develop and present annual budgets for approval.
- Manage communications regarding portfolio finance with stakeholders.
- Lead annual audits, ensuring timely completion and positive outcomes.
- Collaborate with Management and the Real Estate Development Team to structure property rents, utility schedules, operating expense budgets, and reserve deposits for recapitalization or refinancing.
Required Skills and Abilities:
- Strong understanding of affordable housing programs (HUD, LIHTC, etc.) and relevant regulations.
- Knowledge of tax laws and generally accepted accounting principles.
- Strong financial analysis and budgeting skills.
- Excellent written and verbal communication skills.
- Proficiency in Microsoft Office.
- Exceptional organizational skills, including multitasking and prioritization.
- Mission-driven with strong values, seeking creative solutions in a collaborative environment.
Education and Experience:
- Bachelor’s degree in Accounting, Finance, or Real Estate required.
- 5+ years of experience in asset management, property management, or a related field, preferably in affordable housing.
Meet Your Recruiter
Liz Goclowski
Staffing Manager
Since being with MOLARI, I have been encouraged and given opportunities to grow in many ways, starting in Reception and moving into the role of Recruiter, I’ve always been given opportunities to develop new skills and join groups focused on building leadership skills, both personally and within the community. Working for a company that has such strong values and ties to its community helps me be involved and engaged with what people want and need in our area. This level of involvement really helps me connect with our applicant community and our clients. It allows me to help build a bridge between our employers and candidates.
Liz recruits and screens applicants; once hired, she orients new employees. Liz works closely with Employment Services team members to place the right MOLARI employees with clients throughout the Berkshires.