Asset Management Analyst - MidPen Housing Corporation

WHY MIDPEN

At MidPen, we build communities that change lives. Since 1970, we have been committed to our mission: to provide safe, affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect.

We develop affordable housing, provide professional property management for all our communities, and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nation’s leading non-profit developers and stewards of affordable housing. Our current portfolio of more than 130 properties is home to 20,000 working families, seniors, and people with special needs. We take pride in delivering affordable housing solutions, and we invite you to join us on a journey toward social, economic, and racial equity.

BENEFITS AND COMPENSATION

In 2023, MidPen was again certified as an official Great Place to Work®, and for good reason! In addition, we offer a best-in-class benefit package that includes healthcare options (Kaiser or Sutter), dental, vision, life & disability insurance. We also offer a wide range of voluntary benefits; 403(b) retirement investment opportunity and annual financial literacy and retirement planning options, FSA for childcare, medical and commuter benefit options, Employee Assistance program and pet insurance for our furry, feathered, and scaled friends. In addition to 14 paid company holidays, which include a paid winter holiday break between Christmas and the New Year, we offer 4 paid wellness days for employees to disconnect and recharge. As a learning organization, we encourage professional development and career advancement, and we offer up to $3,000 annually ($12,000 lifetime maximum) for education assistance with tuition reimbursement and/or loan debt relief that includes qualified family members. And, as a family-friendly company, we offer a paid time off parental leave benefit of 12 weeks in a 12-month period for new or expecting parents. Check out our benefits snapshot on our careers page.

PAY RANGE

$75,000 - $85,000 Annual Salary - Pay based on applicable experience and qualifications

POSITION OVERVIEW

The Asset Management Analyst provides support to the Asset Management Department with a specific focus on the portfolio of their Senior Asset Manager supervisor. The support includes administrative responsibilities, reporting analysis, and involvement in special projects as assigned. This position is critical to the department’s continued effort to support other departments and provide excellent customer service to its lender, agency, and partners.

This is a hybrid position, based on current MidPen policy of working Tuesdays and Thursdays in the Foster City Office. Monday, Wednesday and Friday, option to work from home or the office. When working from home, requires a reliable internet connection.

ESSENTIAL DUTIES

• Completes monthly, quarterly and annual investor, lender and regulatory agency reporting
• Performs analysis of property financials, budgets and portfolio reporting
• Provides excellent customer service to both internal and external stakeholders
• Coordinates communications and manages requests from investors, lenders, partners, agencies and other stakeholders
• Performs analysis of property financials, budgets and portfolio reporting
• Ensures the timely delivery of annual audited financial statements and tax returns, annual property budgets and other required reporting to internal and external parties
• Researches partnership agreements, financing documents, regulatory agreements, tax returns and other source documents as needed
• Manages and monitors financial and legal requirements in connection with the portfolio, abstracting the information necessary to ensure compliance and facilitate business processes
• Completes analysis, reporting, presentations and memos upon request
• Ensures information and data is accurate in reporting and database systems
• Facilitates the coordination of securing internal and external approvals in governing documents and according to company policy, as needed
• Supports the processes for reserve draws and capital/construction projects
• Participates in assigned tasks related to annual property budgeting and proforma modeling
• Provides administrative support for the Asset Management team
• Performs other assignments as requested

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the education, knowledge, skill, and/or ability required.

Education and Experience

• Bachelor’s degree in Finance, Business Administration, Accounting, or related field, plus two years’ relevant work experience, or an equivalent combination of education and relevant experience
• Master’s Degree or experience in real estate, low-income housing, accounting or asset management preferred

Knowledge, Skills, and Abilities

• Proficiency using Excel, Word and Outlook
• Ability to prepare financial reporting and perform analysis
• Detail oriented and able to comprehend and research legal documents
• Excellent reading, written and verbal communication
• Ability to work both within a team and independently
• Commitment to the Mission and Values of MidPen
• Must have valid California driver’s license, reliable transportation, and proof of current auto insurance policy

Physical Requirements

• Constantly perform desk-based computer tasks, frequently sitting
• Occasionally stand/walk, reach/work above shoulders, grasp lightly/fine manipulation, grasp forcefully, use a telephone, sort/file paperwork or parts, lift/carry/push/pull objects that weigh up to 15 pounds
• Rarely twist/bend/stoop/squat, kneel/crawl

Working Conditions

• This is a hybrid position, based on current MidPen policy of working Tuesdays and Thursdays in the Foster City Office. Monday, Wednesday and Friday, option to work from home or the office. When working from home, requires a reliable internet connection

This description reflects management’s assignment of essential functions, it does not proscribe or restrict the tasks that may be assigned.

EQUAL OPPORTUNITY EMPLOYER

MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Consistent with its obligations under the law, MidPen Housing Corp. will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job. MidPen believes that diversity and inclusion among our teammates is critical to our success, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.