Financial Asset Manager - MOLARI Employment and HealthCare Services

Our client is seeking a full time Financial Asset Manager to join their Pittsfield team! This position offers a flexible hybrid schedule, but will require coming to their Pittsfield office at least several times a month. The Financial Asset Manager collaborates with the CFO and Asset Management Team to ensure the financial sustainability of our affordable housing portfolio.

Key Responsibilities:

• Oversee property performance to meet financial and operational goals.
• Understand property details, including legal documents and challenges.
• Identify risks and develop mitigation strategies, ensuring adequate insurance coverage.
• Supervise portfolio accounting staff and monitor financial performance, including budgets and revenue.
• Prepare financial reports, including monthly dashboards and watchlist properties with corrective action plans.
• Develop and present annual budgets for approval.
• Manage communications regarding portfolio finance with stakeholders.
• Lead annual audits, ensuring timely completion and positive outcomes.
• Collaborate with Management and the Real Estate Development Team to structure property rents, utility schedules, operating expense budgets, and reserve deposits for recapitalization or refinancing.

Required Skills and Abilities:

• Strong understanding of affordable housing programs (HUD, LIHTC, etc.) and relevant regulations.
• Knowledge of tax laws and generally accepted accounting principles.
• Strong financial analysis and budgeting skills.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office.
• Exceptional organizational skills, including multitasking and prioritization.
• Mission-driven with strong values, seeking creative solutions in a collaborative environment.

Education and Experience:

• Bachelor’s degree in Accounting, Finance, or Real Estate required.
• 5+ years of experience in asset management, property management, or a related field, preferably in affordable housing.

Our client is seeking a full time Financial Asset Manager to join their Pittsfield team! This position offers a flexible hybrid schedule, but will require coming to their Pittsfield office at least several times a month. The Financial Asset Manager collaborates with the CFO and Asset Management Team to ensure the financial sustainability of our affordable housing portfolio.

Key Responsibilities:

• Oversee property performance to meet financial and operational goals.
• Understand property details, including legal documents and challenges.
• Identify risks and develop mitigation strategies, ensuring adequate insurance coverage.
• Supervise portfolio accounting staff and monitor financial performance, including budgets and revenue.
• Prepare financial reports, including monthly dashboards and watchlist properties with corrective action plans.
• Develop and present annual budgets for approval.
• Manage communications regarding portfolio finance with stakeholders.
• Lead annual audits, ensuring timely completion and positive outcomes.
• Collaborate with Management and the Real Estate Development Team to structure property rents, utility schedules, operating expense budgets, and reserve deposits for recapitalization or refinancing.

Required Skills and Abilities:

• Strong understanding of affordable housing programs (HUD, LIHTC, etc.) and relevant regulations.
• Knowledge of tax laws and generally accepted accounting principles.
• Strong financial analysis and budgeting skills.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office.
• Exceptional organizational skills, including multitasking and prioritization.
• Mission-driven with strong values, seeking creative solutions in a collaborative environment.

Education and Experience:

• Bachelor’s degree in Accounting, Finance, or Real Estate required.
• 5+ years of experience in asset management, property management, or a related field, preferably in affordable housing.