The Role: Vice President of Asset Management & Development
Location: Lancaster, OH
Our client has more than 60 years’ experience as a general contractor and has expanded from its base as a single-family home developer and has grown into a multi-family construction business in both subsidized and conventional markets. Our client has now constructed over 4, 700 housing units throughout Ohio, Kentucky, West Virginia and Indiana, and manages more than 85 communities including a large portfolio of Rural Development, HUD Section 8 and Low-Income Housing Tax Credit (LIHTC) properties. Most recently they have formed a commercial division that includes both rehabilitation and new construction of banks, medical offices, nursing homes, and shopping centers.
This individual will be an integral member of the Asset Management team responsible for maximizing value and achieving well-defined company goals for a portfolio of residential investments through aggressive asset management strategies and setting expectations with property and above-property leaders. His or her responsibilities include overseeing the overall profitability for a residential, retail and parking portfolio.
Provide clear direction for operations within the Property Management and Development Divisions ensuring that the Company financial and business objectives are being achieved
Manage and provide guidance to a team of salepeople
Develop a strategic business pipeline to advance profitability
Analyze the company’ s portfolio, repairing dysfunctional business strategies, and devising and implementing financial plans to strengthen the company’ s profitability
Creatively organize and negotiate financing for deals and execute the deal while managing a supporting staff and all key personnel related to the deal including attorneys, architects, government officials, and partners
Partner with the vice president of finance to strategically project future company financial status as well as individual deal financial status and aligns the two effectively
Create project pro formas for potential deals
Analyze and amend current pro formas to suit the company’ s financial goals and mission
Participate on leadership team by providing thoughtful input on short-term and long-term organizational goals and decisions at an executive level
Execute all requirements of funding sources, municipalities, and various regulations attached to development deals
Form and maintain strategic relationships within the industry
Maintain a continuous knowledge of the housing development industry and market status
Oversee the implementation of policies, procedures and compliance for the property management division
Creatively and effectively communicate and sell the services provided
Promote the company values which help drive a culture of respect and collaboration
Bachelor’ s degree in business, or a related field, and a minimum of 8-10 years of real estate industry experience
Experience with financial reports, budgets and forecasting
Strong knowledge of Affordable Housing programs including HUD, Rural Development, Low-Income Housing Tax Credit and other applicable laws, rules and regulations
Skilled in residential leasing, property management and some experience or knowledge of retail leasing/management.
Proven ability to understand legal work required in real estate transactions
Ohio Real Estate license preferred
Interested candidates should apply through the HireBetter website at jobs.hirebetter.com. Qualified applicants will be responded to as quickly as possible.
Please note: Applicants for employment in the U.S. must possess work authorization that does not require sponsorship for a visa now or in the future.