Asset Management Analyst

About True Ground Housing Partners

True Ground Housing Partners (formerly APAH) was founded in 1989 by four families motivated to address affordable housing in Arlington, VA. Today, we have grown into one of the region's leading nonprofit affordable housing developers. Our rental communities provide affordable housing to more than 6,000 people in the Washington DC Metro Region for neighbors earning between 30% and 80% of the Area Median Income (AMI). True Ground exists to provide quality affordable housing and resident-centered programming to help our residents make the most of their home. True Ground is a mission driven, community minded and resident focused organization guided by seven core values: compassion, integrity, collaboration, innovation, excellence, impact, and racial equity.

Summary Description

The Asset Management Analyst will support the Asset Management department and their efforts to ensure the financial and physical well-being of True Ground's portfolio. Primary responsibilities include assisting with conducting initial review of monthly financial statements, loading them into asset management database, completing the financial dashboard report for internal and external review, supporting the annual property budgeting process, supporting the department on LIHTC program compliance, and supporting various special projects such as rent relief initiatives, property insurance renewals, and other reasonable data analytics tasks as assigned. In addition, the Asset Management Analyst, in their data management capacity, will work cross departmentally to support the data needs of other departments as they related to property performance and resident information that is contained in the property management database.

Essential Functions

Financial Analysis (40%)

• Collaborate with Asset Manager(s) to review monthly financial statements and variance reports of 30+ multi-family properties to ensure adherence to budgets and to monitor financial performance.
• Assist with researching cost-effective means to optimize revenues and reduce operating costs, maintenance, and real estate taxes without compromising on quality of housing
• Aggregate property level data to create and maintain financial dashboards and ensure quality control and accuracy in reporting
• Support staff by building new reports as needed, supporting funding applications and compiling data for presentations
• Complete projects that relate to the oversight of the third-party property management firm(s) to ensure consistent, efficient, and quality management at all properties

Data Management (40%)

• Maintain and update True Ground's asset management database; facilitate automated coordination with other data systems and provide technical assistance to colleagues as needed.
• Work with property management software to create a streamlined method for querying property and financial data
• Track delinquency and collaborate with resident services on eviction prevention efforts.
• Compile and analyze resident survey results and incorporating resident feedback into operational oversight and decisions.

Compliance and Other (20%)

• Support the property insurance renewal process, in partnership with the VP of Asset Management
• Work collaboratively with the Data Analytics Manager on completing the Resident Services dashboard at regular intervals
• Support interdepartmental initiatives by attending meetings and participating in cross-departmental initiatives.
• Other duties as assigned

Supervisory Responsibility

None

Qualifications

• A bachelor's degree in finance, economics, data analytics or related field plus 2+ years of experience in asset management, real estate development, or property management.
• Strong financial and analytical skills as well as attention to detail
• Proficient with MS Excel, Word, and Outlook
• Ability to read and comprehend legal documents, including loan documents, contracts and tax credit partnership agreements.
• Strong working knowledge of construction, capital planning and systems management a plus.
• Excellent written and oral communication skills
• Well-organized self-starter who is conscientious, organized, pays attention to details and is able to work independently in a fast-paced environment.

Expected Hours of Work

This is a full-time, exempt position. Typical workdays are Monday through Friday, with a total of 40 hours worked a week between the hours of 8 a.m. and 6:30 p.m. Occasional evening or weekend hours for community/board meetings related to projects and/or special events; additional work hours as required.

Working Conditions/Physical Requirements

This job operates in a professional office environment. On occasion this position may work off-site at events. This role routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

The employee is frequently required to operate a computer and other office equipment, communicate information and ideas so others will understand, observe details at close range, and will occasionally move items weighing up to 30 pounds.

Reasonable Accommodations Statement

To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodation may be made to help enable qualified individuals with disabilities to perform the essential functions.

Disclaimer

This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Duties, responsibilities, and activities may change, or new ones may be assigned at any time with or without notice.

Salary and Benefits

The salary for this position starts at $72,400. True Ground has a competitive benefits package that includes medical, dental and vision insurance, long and short-term disability insurance, life insurance, commuter benefits, 401k and paid leave. Remote work up to 50% of the time is available. Our corporate office in Ballston features free parking.

Equal Opportunity Employment

True Ground offers equal employment opportunities (EEO) to employees and applicants for employment and prohibits unlawful discrimination and unlawful harassment on the basis of race, color, religion, national origin, gender, age, disability, gender identity or expression, veteran status, marital status, sexual orientation or any other protected classes or categories as defined by federal, state or local laws. This policy applies to all terms and conditions of employment including, but not limited to recruitment, selection, promotion, termination, layoff, recall,