Assistant Asset Manager for Affordable Housing - Tripalink
Firestone Park, CA 90001
About the Job
Who We Are:
Tripalink is a leading co-living and apartment rental platform that aims to redefine urban living. With a strong presence in major cities across the United States, we offer modern apartments designed to create a sense of community among residents.
As a fast-growing startup, we are committed to building a community that supports personal growth, celebrates diversity, and encourages excellence. Our team is dedicated to providing exceptional living experiences through cutting-edge technology and unparalleled customer service. If you're passionate about making a difference and eager to be part of a team that values creativity and teamwork, we invite you to explore our career opportunities and join us on our journey.
Responsibilities:
- Assist in managing investment portfolio of over 85 investment projects, total valuation above $700M across different state.
- Assist in supervising affordable housing projects related to leasing and financing.
- Conduct financial analysis of development assets, including the creation of detailed pro-forma and financial models, to assess property performance relative to business plan targets.
- Analyze market data to identify market trends and prepare narrative memos and detailed reports which provide insight into market trends at the property level.
- Review and approve maintenance repairs from the third party property managers or vendors.
- Manage the ownership/property management relationship by providing regular and ongoing communication, clear direction of objectives and initiatives, timely and comprehensive reporting, and effective resolution of issues, concerns, questions, and requests.
- Review and finalize annual budgets proposed by Tripalink, ensuring each meets or exceeds business plan underwriting, is in-line with market and industry standards, and NOI is maximized through effective revenue growth strategy and expense saving measures, with controlled and deliberate capital spend.
- Monitor the financial budgeted-to-actual variances and operational performance of each asset on a monthly basis, and identify and investigate deficiencies or opportunities, and guide the development of appropriate action plans that correct deficiencies or maximize opportunities.
- Collaborate with outside consultants (e.g. tax advisors, insurance brokers, interior designers), as well as communicate quarterly and annual financial results to investors and lenders, as needed.
- Oversee the cash management process, including tracking capital expenditures spend, managing operating and capital reserve balances and disbursement requests to lenders, and handling cash surplus distributions to investors.
- Assist in the disposition process for any properties that are placed on the market for sale, including broker selection, marketing material review and approval, buyer inquiry response, due diligence management, proration and closing statement generation, and post-closing true-up settlement.
- Keep abreast of current changes in technology, processes, and standards within the industry by attending industry conferences and/or subscribing to professional publications, and apply knowledge and practices to areas of responsibility.
Requirement:
- Bachelor's degree in finance, business administration, real estate, or related field.
- 3+ years of real estate or financial related experience in multifamily.
- Experienced with affordable housing, such as LIHTC.
- Experienced with Excel, Appfolio, Juniper Square, and CoStar.
- Be efficient, passionate, proactive, detail-oriented, and quick learning in a fast development pace.
- Excellent presentation and communication skills.
- Strong financial analysis and Real Estate experience is highly preferred.
What We Provide:
- Excellent Working Environment: Energetic, Ambitious, Passionate
- Great Team Experience
- Regular Team Building Activities
- Free Community Event Entrance
- Leadership Cultivation & Individual Development
- Networking & Resources from External Partners
- Opportunities of Rotation Among Departments & Locations
Diversity & Inclusion at Tripalink
Tripalink is committed to bringing together individuals from different backgrounds and perspectives. We strive to create an inclusive environment where everyone can thrive, feel a sense of belonging, and do great work together.
We are proud to be an equal opportunity employer open to all qualified applicants regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, Veteran status, or any other legally protected status.
Note on Pay Transparency:
Tripalink provides an estimate of the compensation for roles that may be hired as required by state regulations. This role may also qualify for annual incentive and/or comprehensive benefits. Compensation may vary based on (a) location, as Tripalink factors in specific location when benchmarking compensation for most roles; (b) individual candidate skills and qualifications; and (c) individual candidate experience.
Additionally, Tripalink leverages current market data to determine compensation, so posted compensation figures are subject to change as new market data becomes available. The salary, other compensation, and benefits information is accurate as of the date of this posting. Tripalink reserves the right to modify this information at any time, subject to applicable law.
PI249268775
Source : Tripalink