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Asset Manager

20/20 Foresight Executive Search

This is a Contract position in Miami City, FL posted May 15, 2022.

THE COMPANY:The Mission of Thistle Communities is to create, manage and preserve quality, permanently affordable homes for working families, seniors, and people with disabilities.Thistle Communities is a leader in affordable housing with a portfolio of 1,077 homes and rentals.

We’re a business-oriented, private non-profit that earns most our operating income from the ownership and management of apartments and for-sale homes throughout Boulder County and in different types of real estate programs.

We’ve been in business for nearly 30 years and enjoy strong community support.Summary of Role: Responsible for the economic stewardship of our assets, to ensure the assets support the company and its mission.

The Asset Manager evaluates the portfolio’s performance, monitors for desired results and restructures if needed.

The Asset Manager also supports the Capital Investment team and the Portfolio Management team, including Maintenance, in Partnership to carry out day to day operations to meet our financial, social and cultural objectives.Member of the Leadership Team with the CEO, CFO, Portfolio Director, Construction Manager, ROC Program Director, CLT Coordinator, and Administrative Operations Manager.Direct Reports: CEOPartnership with: The Portfolio Director, the CFO, and the Construction ManagerResponsibilitiesEvaluates and monitors Thistle properties’ operational and financial performance.

Identifies revenue opportunities, cost savings and restructuring needsUnderstands/interprets and communicates terms of partnership agreements and payments due to Thistle; adjusts property performance to earn and pay fees; understands loan agreements and terms.

Monitors timelinesPartners with three high functioning employees (CFO, Portfolio Director, Construction Manager) and pursues a creative team environment & team developmentRecognizes how to use and develops systems for Property, Asset Management & Construction communicationOversees preparation of annual budgetsPreserves properties through short and long term plans; creates a sustainable mindset for Maintenance operations and assists with capital investment including prioritization, budgeting and implementationOversees or prepares all property tax reporting for abatementPrepares and delivers a consistent and cogent bi-monthly report to the Thistle BoardHelps plan for acquisition of new units and participates in (although not directly responsible for) identifying potential acquisitionsKeeps reserve analysis updated for propertiesStays current with regulatory and legal requirementsDevelopment Experience a plusOther duties as assigned by the CEOEducation and ExperienceIn addition to a Bachelor’s Degree in Business, Real Estate, Finance or other applicable subject, the candidate will have recent and successful experience:Managing a real estate portfolio and managing assets to achieve desired resultsLeading a team and being responsible for resultsExperience or familiarity in facilities managementPracticed negotiation skillsDeveloping systems to maximize effectiveness and minimize conflict

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