Asset Manager - VBC

Vaughn Bay Washington
Vaughn Bay Construction Washington Office | WAVBC
1911 65th Avenue W
Tacoma, WA 98466, USA

Starting in 1991 as a family-owned residential builder in the greater Tacoma, Washington area, Vaughn Bay Construction has grown into a leading provider of both light commercial and affordable multi-family construction.

Our work environment includes:

• Growth opportunities
• On-the-job training
• Safe work environment

Why work for us:

Vaughn Bay Construction offers the following Compensation and Benefits package for full-time employees:

Position Salary Range: $80,000 to $100,000 DOE

Paid time off:

• An accrual of 80 hours Vacation
• Up to 6 paid sick days per year. (varies based on state sick leave laws)
• 8 paid holidays
• 2 paid floating holidays.

Benefits offered:

• 401(k) with employer match
• Voluntary benefits available

Job Summary:

Vaughn Bay Construction is seeking an Asset Manager to oversee property operations for properties up to 250 units.

Responsibilities:

• Act as liaison between ownership and property management.
• Direct oversight of property operations including budgets, business plans and financial reporting.
• Review monthly property management/financial reports and identify operational and financial issues and address these issues accordingly.
• Review and approve property-related matters including cap ex, lease assignments/subleases, rent increases, real estate tax appeals, tenant defaults and capital improvement projects.
• Conduct annual real estate tax, service contract and utility analysis.
• Assist in adherence with loan documents, tenant lease agreements, partnership operating agreements and service contracts.
• Perform routine inspections on general facilities of the client office to ensure office facilities and equipment, including security systems, are operating at optimum levels.
• Interface with contractors and consultants for capital improvement projects.
• Help design and document asset management processes and procedures.

Qualifications:

• Multifamily management company experience overseeing properties that range from 6 to 250 units.
• Experience with Washington State Housing Finance Commission, LIHTC experience preferred.
• Financial modeling skills, including thorough understanding of structuring cash flow models, IRR analysis, discounted cash flow valuations, bond financing, profit distribution waterfalls and property-level cash analysis.
• Ability to prioritize, multi-task and manage conflicting deadlines in a fast-paced environment is critical to success; time management skills essential.
• Exceptional communication, interpersonal, analytical, writing and organizational skills.
• Self-motivated, resourceful and proactive, both with respect to managing workload and professional development.
• Strong MS Office (especially Excel) required.
• Experience with Yardi and RealPage preferred.