Asset Manager at Wallick Communities
New Albany, OH
About the Job
Description
Wallick Communities, an employee-owned company, gives low-income families and senior citizens a place called “home” – thanks to five decades of experience in developing, building, managing, and overseeing affordable multi-family housing and assisted-living communities across the mid-west.
• 55 years serving our communities
• 20,000+ residents call our community’s home
• 5 states and growing
• Employee owned with 1000+ associates
Wallick Mission : Opening doors to homes, opportunity, and hope.
Wallick Values : Our Values flow directly from our Mission and set the expectation for how all associates work together. These values are:
• Care
• Character
• Collaboration
Wallick’s employee stock ownership plan (ESOP) allows you to be a shareholder and benefit from our company’s profitability. As an employee-owner, you can enjoy a valuable source of retirement income and feel more invested in our mission. Join us and become a partner in creating thriving communities.
The work - How you will contribute : In accordance with the Wallick Mission and Values, act as the Owners’ representative to ensure the asset is meeting the financial and compliance commitments, monitoring the long-term viability, and creating value through strategic decisions. This role will manage around 30 properties, ensuring the asset is sustainable over time.
Essential Functions and Responsibilities:
Review and approve annual strategic, operating and financial plans and budgets for the portfolio with Affordable Housing Operations
• Review and approve audit reports and tax returns for assigned portfolio which includes a combination of subsidized and tax credit properties
• Understand partnership documents and loan documents as they relate to all aspects of the asset
• Calculate annual cash flow distributions for the Wallick owned portfolio
• Meet regularly with Affordable Housing Operations to discuss operating results, variances to budget and strategize on opportunities for property performance improvement
• Analyze business operations, trends, expenses, revenue, and financial commitments to project future revenue and expenses
• Create plans, set goals, and measure results for troubled assets
About You:
You have a bachelors degree in finance or a related field, and 3 or more years of experience in an asset management or similar role within the multi-family real estate industry.
• An intermediate understanding of accounting and finance is required.
• A basic knowledge of applicable laws and regulations governing public housing is a plus.
• Should be familiar with some type of automated accounting software, in addition to Microsoft Office software.
• Must possess the ability to read and analyze financial reports and other accounting data.
• Must be able to respond to inquiries from assigned properties and co-workers.
• Must possess the ability to effectively present information to management.
• Must possess the ability to apply advanced mathematical concepts and operations to tasks.
• Make complex decisions requiring some judgment.
• Decisions may affect internal departments and/or assigned properties.
Benefits:
Diversity, equity, inclusion, plus belonging. Four impactful words. One powerful and transformative journey. Here at Wallick, we know that when we invest in the equity of each group, all groups benefit. It’s not about one person, one idea, nor any one action. It’s about what we can accomplish together. Join us and work towards creating an inclusive and diverse workforce experience at Wallick. We are an equal opportunity employer.
Candidates must successfully pass a pre-employment drug screen and background check.
Wallick Communities, an employee-owned company, gives low-income families and senior citizens a place called “home” – thanks to five decades of experience in developing, building, managing, and overseeing affordable multi-family housing and assisted-living communities across the mid-west.
• 55 years serving our communities
• 20,000+ residents call our community’s home
• 5 states and growing
• Employee owned with 1000+ associates
Wallick Mission : Opening doors to homes, opportunity, and hope.
Wallick Values : Our Values flow directly from our Mission and set the expectation for how all associates work together. These values are:
• Care
• Character
• Collaboration
Wallick’s employee stock ownership plan (ESOP) allows you to be a shareholder and benefit from our company’s profitability. As an employee-owner, you can enjoy a valuable source of retirement income and feel more invested in our mission. Join us and become a partner in creating thriving communities.
The work - How you will contribute : In accordance with the Wallick Mission and Values, act as the Owners’ representative to ensure the asset is meeting the financial and compliance commitments, monitoring the long-term viability, and creating value through strategic decisions. This role will manage around 30 properties, ensuring the asset is sustainable over time.
Essential Functions and Responsibilities:
Review and approve annual strategic, operating and financial plans and budgets for the portfolio with Affordable Housing Operations
• Review and approve audit reports and tax returns for assigned portfolio which includes a combination of subsidized and tax credit properties
• Understand partnership documents and loan documents as they relate to all aspects of the asset
• Calculate annual cash flow distributions for the Wallick owned portfolio
• Meet regularly with Affordable Housing Operations to discuss operating results, variances to budget and strategize on opportunities for property performance improvement
• Analyze business operations, trends, expenses, revenue, and financial commitments to project future revenue and expenses
• Create plans, set goals, and measure results for troubled assets
About You:
You have a bachelors degree in finance or a related field, and 3 or more years of experience in an asset management or similar role within the multi-family real estate industry.
• An intermediate understanding of accounting and finance is required.
• A basic knowledge of applicable laws and regulations governing public housing is a plus.
• Should be familiar with some type of automated accounting software, in addition to Microsoft Office software.
• Must possess the ability to read and analyze financial reports and other accounting data.
• Must be able to respond to inquiries from assigned properties and co-workers.
• Must possess the ability to effectively present information to management.
• Must possess the ability to apply advanced mathematical concepts and operations to tasks.
• Make complex decisions requiring some judgment.
• Decisions may affect internal departments and/or assigned properties.
Benefits:
- Employee Stock Ownership Plan
- Pay on demand (access your money as you earn it)
- Up to 8 weeks of Paid Parental Leave
- Paid time off, Holiday pay, and Gift of Time
- Health, Dental and Vision insurance effective within 2 weeks
- Gym membership or Fitness equipment reimbursement
- Company paid life and long-term disability insurance
- Voluntary life, short-term disability, accident, critical illness, and hospital indemnity coverage
- 401(k) with a 3.5% company match
- Tuition reimbursement
- Pet insurance
Diversity, equity, inclusion, plus belonging. Four impactful words. One powerful and transformative journey. Here at Wallick, we know that when we invest in the equity of each group, all groups benefit. It’s not about one person, one idea, nor any one action. It’s about what we can accomplish together. Join us and work towards creating an inclusive and diverse workforce experience at Wallick. We are an equal opportunity employer.
Candidates must successfully pass a pre-employment drug screen and background check.
