Salary Range: $119,700 - $149,600SUMMARYThe VP of Asset Management is responsible for the strategic oversight of THA's portfolio of apartment communities, ensuring they operate efficiently, meet performance targets, and meet deliverables for investors. This role blends operations, finance, and strategic planning, working closely with the Affordable Housing, Rental Assistance, Development, and Finance/Accounting Departments. The VP of Asset Management is the strategic leader of THA's multifamily portfolio, ensuring it runs profitably, meets investor objectives, and delivers exceptional resident experiences. This role demands a mix of financial acumen, operational oversight, and leadership skills.
ESSENTIAL DUTIES AND RESPONSIBILITIES1. Portfolio & Performance Oversight- Oversee the entire multifamily portfolio, not just individual properties, aligning strategies across all communities.
- Monitor key performance indicators (KPIs) such as occupancy, collections, delinquency, and expenses. Track actuals vs. pro forma projections and make recommendations on budgets accordingly.
- Ensure consistent asset performance reporting and data integrity across all properties
2. Financial Management- Assist in developing, reviewing, and managing annual budgets and financial models
- Review capital expenditures to ensure alignment with strategic goals and ROI expectations
- Ensure adherence to annual budgets and value-added strategies
- Oversee DSCR testing for assets going through conversion
- Partner with Finance to ensure accurate financial reporting and budgeting
3. Operations & Strategy- Collaborate with property managers to improve leasing, marketing, staffing, and maintenance
- Assist with major unit renovations, amenity upgrades, and rent increases
- Develop and implement value-added strategies and capital improvement plans to enhance asset value and resident satisfaction
- Align operational practices with THA's broader strategic initiatives and development pipeline
4. Communication & Reporting- Provide regular, transparent, and comprehensive reporting to investors, lenders, partners, and THA staff
- Ensure all properties maintain compliance with HUD, LIHTC, Lenders, and other applicable regulatory requirements
5. Risk Management- Monitor reserves, cash position, and potential operational risks
- Identify and address issues such as staffing shortages or vendor failures
- Oversee the procurement, management, and the renewal of all property and liability insurance policies across the portfolio
- Lead the annual marketing of insurance coverage, in partnership with the insurance broker to ensure competitive pricing and appropriate coverage levels
- Evaluate insurance policy terms, limits, deductibles, and exclusions to balance risk mitigation and cost efficiency
- Coordinate with brokers, carriers, and legal advisors to manage claims, minimize loss exposure, and ensure timely resolution
- Ensure compliance with lender, investor, and regulatory insurance requirements
6. Exit Strategy & Disposition- Evaluate and recommend strategies for asset disposition, refinancing, or recapitalization
- Analyze market conditions and asset performance to determine optimal timing for transactions
- Coordinate with brokers and legal counsel, and financial partners to execute sales or refinancing activities
- Maximize financial returns while aligning with THA's long-term strategic goals
Required Skills & Qualifications:- Experience: Four (4)+ years in multifamily asset management
- Education: Bachelor's degree in finance or related field or seven years (7) or more experience in lieu of college degree
- Technical Skills: Proficiency with Microsoft Office, and financial modeling tools
- Soft Skills: Strong analytical and strategic thinking, teamwork, communication, and ability to work in a fast-paced environment
EDUCATION and/or EXPERIENCE- Bachelor's degree (B.A./B.S.) in a technical discipline of Finance or related fields, from a four-year college or university and four (4) or more years related experience and/or training;
- Seven years (7) or more experience in lieu of college degree, or equivalent combination of education and experience in housing development, business, finance, planning, or a related field, preferably for a non-profit, government agency or private financial institution.
- Advanced degree preferred.
- Must have a valid Oklahoma driver's license (must be obtained within 30 days of hire).
SUPERVISORY RESPONSIBILITIES- Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws.
- Responsibilities include interviewing and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
- The incumbent employee must demonstrate strong, fiscal, administrative, and operational leadership abilities. The ability to take the initiative and lead others.
BENEFITS SUMMARY: - Principal 401(k) retirement plan with 11% THA contribution; employee also may contribute
- Health plan (Blue Cross Blue Shield Oklahoma) available the beginning of the month after start date
- Life insurance - 1.5x annual salary is paid for by THA
- Twelve (12) paid holidays
- Company paid time off December 24th - January 1st
- Annual leave accrual
- 0 - 3 years of service: 12 days per year
- 4 - 6 years of service: 15 days per year
- Sick leave accrual (12 days a year)
Additional Benefits Available for Employees: - Dental available the beginning of the month after start date
- Vision available the beginning of the month after start date
- Flexible Spending Account available (Individual and/or Dependent Care)
- CareATC for primary care appointments at no cost to an employee (and other family members)
