JOB DESCRIPTION

Ask Yourself?

Are you a strategic, results-oriented asset management professional looking to make a meaningful difference while deepening your expertise in affordable housing?

Are you an expert in preserving, managing, and strengthening a portfolio of affordable housing properties?

Would you like to join an award-winning nonprofit whose mission is building and maintaining affordable communities with enhanced services in Central Florida?

Why?

The Orlando Neighborhood Improvement Corporation (ONIC) is expanding their team with a new Senior Asset Manager position. ONIC's approach to affordable housing is carried out through Asset Management focused on maintaining the investment of the portfolio. The organization is dedicated to preserving, managing, and strengthening the existing portfolio of affordable housing properties. This involves addressing physical and financial needs of ONIC's owned properties, which over time require comprehensive renovations to be of sound quality and affordability. A priority for ONIC is to address the physical needs of the existing portfolio of properties. The current focus leading into the next five years is on completing strategic redevelopments and comprehensive rehabs and including sustainability and overall facility improvements.

Want to know more, visit https://orlandoneighborhood.org/.

What Will You Do as ONIC's Senior Asset Manager?

The Senior Asset Manager, under the direction of the CFO, will be responsible for the oversight and management of the operating real estate portfolio owned and operated by ONIC, its affiliates, and its partnerships. The ideal candidate will have a deep understanding of the affordable housing market, strong financial acumen, and a proven track record in asset management. ONIC's existing portfolio, which includes 12 properties and 1,501 units, serves an essential role in providing affordable housing in an increasingly competitive market. By executing its focused asset management strategy, ONIC will ensure that these properties continue to serve as vital housing resources for low-to-moderate income residents.

Responsibilities include:

• Oversee and manage a diverse portfolio of affordable housing assets, including oversight of the financial and physical condition of the properties, budgets, cash management, and long-term planning.
• Monitor all debt and equity financing requirements, including HUD and Section 42 LIHTC compliance.
• Evaluate and manage property management performance while identifying and managing refinancing and repositioning opportunities across the portfolio.
• Develop and implement strategies to maximize asset value and minimize risk including energy efficiency, insurance structuring, emergency preparedness, compliance, and property management policies.
• Prepare and present annual and quarterly progress reports to the CFO, CEO, Board of Directors, and Board Committees; maintain reporting compliance for investors, lenders, and all partners.
• Coordinate with resident services the needs of residents and resident boards; ensure that resident programs are budgeted for, and that property management is assessed as needed.
• Manage and coordinate the work of project teams including architects, contractors, engineers, consultants and property managers to ensure adherence to project budget and schedule, cost containment, regulatory compliance, and quality control.
• Negotiate agreements or secure bids; review bids presented by the property management companies and make recommendations for changes or approval to ONIC leadership.
• Oversee marketing and lease up programs for new properties in coordination with the real estate development team and CFO.

Key Lived Experiences, Attributes and Skillsets of the Senior Asset Manager

• Bachelor's degree in business, real estate, management, finance, urban planning, public administration, property management, and/or asset management.
• Minimum seven (7) years of asset management experience, preferably with affordable multi-family housing.
• Proven skills in managing affordable housing small-scale rehab and affordable housing construction projects ranging from $5,000 to $500,000 preferred.
• Experience with federal, state, local housing programs and funding sources including LIHTC, HOME and CDBG.
• Strong organizational and project management skills and ability to coordinate complex activities, manage conflicting demands, and meet deadlines.
• Ability to create and analyze real estate financial reports and budgets.
• Proficiency with Microsoft Office, especially Excel.
• Current driver's license and proof of motor vehicle liability insurance required.

More About ONIC?

Founded in 1985, the Orlando Neighborhood Improvement Corporation (ONIC) is a nonprofit housing development organization dedicated to building and maintaining affordable communities with enhanced services in Central Florida. For nearly four decades, ONIC has delivered quality, affordable multi-family rental housing that supports long-term housing stability for low-to-moderate income families across the region. ONIC has developed more than 26 affordable and mixed-income communities and manages a portfolio of over 1,500 rental homes. ONIC has built an award-winning track record of creating well designed, quality housing and living environments. Its communities include fully affordable developments as well as mixed-income communities where affordable units are integrated with market-rate housing.

Think you are ONIC's first Senior Asset Manager?

To apply, click on the link to the ONIC – Senior Asset Manager position profile at ArmstrongMcGuire.com/jobs. You will see instructions for uploading your compelling cover letter, resume, salary requirements, and professional references. Please provide all requested information to be considered. In case of any technical problems, contact talent@armstrongmcguire.com. No phone calls, please, and no applications will be accepted by email or directly from third-party posting sites.

Salary is commensurate with experience and is in the $90,000 range. This is a full-time, hybrid position. Benefits include: (12) paid holidays, accrued vacation and sick time, (4) medical insurance options, dental and vision insurance, short and long-term disability, a 403b retirement plan and a health saving account option.

Orlando Neighborhood Improvement Corporation is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, pregnancy-related conditions, and lactation), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, or any other characteristic protected by applicable federal, state, or local laws and ordinances. Orlando Neighborhood Improvement Corporation's management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, employee activities, access to facilities and programs, and general treatment during employment.

BENEFITS

Salary is commensurate with experience and is in the $90,000 range. This is a full-time, hybrid position. Benefits include: (12) paid holidays, accrued vacation and sick time, (4) medical insurance options, dental and vision insurance, short and long-term disability, a 403b retirement plan and a health saving account option.