Senior Asset Manager | Central City ConcernCentral City Concern is seeking a
Senior Asset Manager to guide the financial and physical health of a real estate portfolio that exists to serve people affected by homelessness. You will lead a team of Asset Managers, shape long-term strategy for affordable housing assets, and advise senior and executive leadership. If you pair deep asset management expertise with a passion for mission-driven work, your analysis here translates directly into stable housing and lasting community impact.
Shape the Strategy- Develop year 15 buyout plans, refinance strategies, and turnaround and repositioning plans that protect and strengthen portfolio.
- Advise Senior and Executive Leadership on real estate strategy and asset management best practices.
- Build and present Key Performance Indicator reporting to internal and external audiences and research policy and legislation to recommend change.
Lead and Collaborate- Supervise and develop a team of Asset Managers working toward shared departmental goals.
- Serve as the Asset Management adviser across Housing Administration, Accounting, Real Estate Development, and Facilities Management, from pre-development through lease-up and stabilization.
- Lead cross-team process improvement projects and act as primary contact for third-party property management contracts.
Drive Mission and Impact- Ensure the real estate portfolio advances Central City Concern's mission of serving people affected by homelessness.
- Oversee debt obligations, investor capital accounts, and lender and investor compliance so housing remains financially sustainable.
- Join a dynamic nonprofit where leadership, creativity, and a non-judgmental, learning-oriented culture are valued.
The Senior Asset Manager oversees the Asset Management team at Central City Concern. The position is responsible for providing strategic direction and oversight for the financial and physical well-being of CCC's real estate portfolio. This position supervises a team of Asset Managers that collectively ensure the real estate assets achieve their goals in furtherance of Central City Concern's mission.
Location: Biltmore (310 NW 6th Ave. Portland, OR 97209)
Schedule: Monday - Friday 8:00am - 5:00pm (Saturday & Sunday Off)
Salary Range: $94,000 - $131,000*This range is influenced by professional experience, licensure, certifications, and internal equity.
MINIMUM QUALIFICATIONS:- A bachelor's degree in a relevant field of study required.
- Minimum of five years of progressively responsible asset management experience, preferably in affordable housing, AND some supervisory experience in a housing-related environment.
- Knowledge of asset management functions as well as federal, state and local guidelines and regulations related to affordable housing required.
- Project Management experience and/or certification preferred.
- Computer proficiency (MS Word, Excel, databases, Internet research); demonstrated high level proficiency with Excel required.
- Excellent interpersonal and business communication skills, both written and verbal required.
- Sensitivity to homeless people and the issues of homelessness, recovery from trauma/substance use, and the ability to work with people from diverse educational and personal backgrounds. Must have passion for our mission and a strong desire to impact a dynamic nonprofit organization.
- Work on this specific contract prohibits convictions of child or elderly abuse, offenses against persons, sexual offenses, or child neglect.
- Ability to adhere to Central City Concern's drug-free workplace which encourages a safe, healthy, and productive work environment and strictly complies with the Drug-Free Workplace Act of 1988. An employee shall not, in the workplace, unlawfully manufacture, distribute, dispense, possess, or use a controlled substance or alcohol.
- Must generally have the ability to bend, stoop, kneel, squat, twist, reach, pull and lift heavy objects and climb stairs, with reasonable or no accommodation.
- Must adhere to agency's non-discrimination policies.
- Ability to effectively interact with co-workers and clients with diverse ethnic backgrounds, religious views, political affiliation, cultural backgrounds, lifestyles and sexual orientations and treat individuals with respect and dignity.
ESSENTIAL DUTIES AND RESPONSIBILITIES:- Provide direct supervision of asset management staff to attain departmental goals.
- Lead cross team project management for process improvement impacting real estate portfolio operations.
- Develop and maintain year 15 buyout plans for the portfolio.
- Manage refinance processes, as applicable.
- Participate in enterprise-wide risk management. Identify and manage risks related to the real estate portfolio.
- Manage and serve as primary point of contact on all third-party property management contracts.
- Review and evaluate new and existing commercial lease terms specific to financial impact to CCC.
- Monitor capital accounts of investors.
- Develop property turnaround/repositioning plans.
- Serve as the Asset Management adviser between Housing Administration, Accounting and Real Estate Development departments during the pre-development, development and lease-up of new sites. Ensure compliance with lease up and Limited Partnership Requirements for property stabilization.
- Monitor and track portfolio wide debt obligations and compliance with lender/investor requirements.
- Review and comment on documents related to Asset Management, such as loan agreements, limited partnership agreements, operating and other regulatory agreements.
- Develop and maintain Key Performance Indicators reporting for CCC real estate portfolio and present on KPIs as required to both internal and external parties.
- Review and research policies and legislation related to Asset Management. Compile, submit, and present on policy related recommendations.
- Advise CCC Sr and Executive Leadership on real estate strategy as pertains to asset management best practices.
- Partner with and advise the Facilities Management team in capital planning and improvements, reserve utilization, and repair projects.
- Other duties as assigned
SKILLS AND ABILITIES:- Ability to maintain accurate records and necessary paperwork.
- Strong time management, follow-through and organization skills in a fast-paced environment.
- Ability to understand and analyze complex financial statements, specifically budget to actual statements, balance sheet, trial and balance sheets, and ability to prepare multi-year cash flow projections.
- Ability to successfully interact and communicate clearly with a wide variety of people including clients, employers, partnering agencies and co-workers.
- Ability to be creative, innovative, and be a progressive problem solver.
- Ability to display a non-judgmental attitude and a willingness to learn new skills.
- Demonstrated ability to work independently and as part of a team.
Benefits at Central City ConcernWe offer incredible benefits to our employees, including an extensive total rewards package, competitive compensation, medical, dental, vision, Student loan repayment options, and retirement savings matching plans!
- Generous paid time off plan beginning at 4 weeks of PTO accrual per year! Accrual amount/rate increases with longevity.
- Up to 11 recognized Holidays and 2 Personal Holidays (dependent on work shift schedule).
- Amazing 403(b) Retirement Savings plan with an employer match of 4.25% in your 1st year, 6% in the 2nd year, and 8% in your 3rd year!
- Comprehensive Medical, Vision, and Dental insurance coverage.
- Employer-Paid Life, Short-Term Disability, & Long-Term Disability Insurance!
- Sabbatical Program offering extended time off at years 7, 14, and 21.
This description is intended to provide a snapshot of the work performed and is not designed to contain a comprehensive inventory of all duties, responsibilities, and qualifications required for the position.
As an agency deeply rooted in recovery, part of our policy and commitment to a drug and alcohol-free workplace includes post-offer, and pre-employment drug screens. Please note we follow Federal Guidelines regarding prohibited substances, even for those legal at the state level.
Central City Concern is a second-chance employer and complies with applicable laws regarding the consideration of criminal background for employment purposes. Government regulations, contractual requirements, or the duties of this particular job may require CCC to conduct a background check and take appropriate action to address prior criminal convictions.
