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Director of Asset Management

Company: Wesley Housing
Location: Alexandria
Posted on: November 22, 2021

Job Description:

THE COMPANY
Wesley Housing is a nonprofit community housing developer whose mission is to develop, own, operate, preserve, and maintain affordable housing and sustain quality communities for low- and moderate-income families and individuals across the Washington, D.C. region. The heart and soul of Wesley Housing's mission lies in our commitment to combine affordable housing with family programs and supportive services to foster positive development and self-sufficiency for all adults, children, and families. Wesley Housing's headquarters are located in Alexandria, VA (Fairfax County). Our apartment communities are located throughout the Washington, D.C. metro region.
For more information, visit the website at
THE POSITION
Reporting to the Chief Financial Officer, the Director of Asset Management will build and oversee the departmental infrastructure for efficient oversight of a growing and complex portfolio, manage the performance of the overall portfolio of multi- family housing, regularly inform Senior Leadership of important sources of risk and opportunity as well as strategies for mitigation and capitalization and ensure ongoing compliance and financial stability of the portfolio. The current portfolio consists of 23 stabilized properties (1,652 units), 8 properties under development/rehab with delivery dates in 2022 - 2023 (484 units) and a development pipeline with another 3 properties (345 units) following closely behind. The Director of Asset Management will supervise one senior asset manager.
THE PERSON

  • Bachelor's degree in related field (real estate, public policy, urban planning, architecture, business or finance) preferred.
  • Eight (8) or more years of demonstrated experience in successful affordable housing development, finance, construction, asset management, or property management.
  • Knowledge of federal, state, and local affordable housing programs and rules and regulations.
  • Experience with the Low-Income Housing Tax Credits (LIHTC) program and knowledge of HUD programs is required.
  • Industry relevant certification/License etc. preferred.
  • Experience with non-profit organizations preferred.
  • Strong financial analysis, organizational, oral and written communication, and negotiating skills are essential.
  • Strong interpersonal skills necessary to navigate the demands of both internal and external stakeholders, and the ability to adjust to the audience.
  • Ability to meet deadlines, handle multiple tasks effectively, and work autonomously.
  • Innovative thinker and a creative problem solver who identifies and resolves issues before they escalate.
  • Proficient with Microsoft Office Suite.
  • Attention to detail.
  • Supervisory experience.

Keywords: Wesley Housing, Alexandria , Director of Asset Management, Executive , Alexandria, Virginia

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