Job Information
BRIDGE Housing Corporation Asset Management Analyst in San Francisco, California
About BRIDGE Housing
BRIDGE Housing strengthens communities by developing, owning, and managing high‐quality, affordable homes for working families and seniors. BRIDGE’s portfolio of housing currently consists of 106 properties and 11,700 units throughout California, Washington & Oregon. Based out of the San Francisco Bay Area. Few housing development organizations have achieved the success and stature of BRIDGE Housing Corporation. Founded in 1983 utilizing an anonymous donation, BRIDGE today has become a leading affordable housing development partner.
Summary
The Analyst - Asset Management will be an integral part of the Asset Management Team ("AM Team") responsible for executing the business plan for a portfolio of affordable multi-family assets owned by BRIDGE Housing. This role will support the Lead Asset Manager in various tasks related to assessing market conditions, operations, property conditions, staffing, compliance, capital expenditures, rent collection, and leasing opportunities at each property within the portfolio. The Analyst will report to an Asset Manager or Senior Asset Manager. This position will be onsite 3 days a week and will be based in the San Francisco corporate office.
Duties and Responsibilities
Complete and file monthly, quarterly, and annual reports to ensure compliance with lender and investor as well as tax credit funding requirements
Assist in identifying and escalating significant issues to the Asset Manager/Senior Asset Manager
Attend weekly asset management calls to discuss priorities, learn and contribute to discussions on best practices
Participate in regular portfolio management meetings that are relevant to assigned properties
Contribute to the annual property budgeting process, including but not limited to developing and maintain cash flow and distribution projections, for assigned properties
Update property databases
In partnership with the Lead Asset Manager, conduct periodic inspections of all assets in sub-portfolio with particular attention to any troubled assets
Assist in annual property tax exemption filings
Support the processes for reserve reimbursement and other capital project funding
Ability to understand and research key documents (property audits, partnership documents, financing agreements, regulatory agreements, insurance coverages, tax returns, etc.)
Analyze/investigate monthly property budget-to-actual results by comparing them to proforma and key performance indicators (KPIs) established for each property
In partnership with the Lead Asset Manager, prepare (or assist in the preparation of) monthly, quarterly, annual and special/periodic Board, senior management, investor, lender and regulatory agency reporting, as assigned
Train and support new staff members, as needed
Assist with special projects and provide assistance to the asset management team as requested
Experience and Qualifications
Minimum of 1 to 3 years of relevant experience in commercial real estate, preferably with an owner, lender, manager, syndicator, agency, or real estate consulting group
BS/BA degree preferred
Basic knowledge of finance, operations, and accounting principles in commercial real estate, with a willingness to learn
Affordable Housing knowledge is a plus
Proficiency in Microsoft Excel, Word, and PowerPoint
Strong written and oral communication skills
Strong organizational skills with attention to detail
Demonstrated eagerness to learn, contribute, and grow within the team
Ability to collaborate effectively with property management and ownership teams (external partners)
A diplomatic and assertive approach to problem-solving, coupled with self-motivation
Curiosity and a willingness to explore new approaches and solutions
Must have the flexibility to travel to properties
Working conditions
• Works in an office environment, with occasional travel to and work at property site locations
• Usually works a standard workweek
Physical requirements
• Ability to remain in a stationary (standing and/or seated) position more than half the time; ability to travel to offsite locations, and tour properties
• Ability to operate machinery and/or equipment that requires the constant use of hands/fingers/wrists more than half the time
• Ability to spend more than half the time viewing computer monitors
• Ability to move, lift, carry, push, pull, and place objects weighing less than or equal to 25 pounds without assistance
BRIDGE Housing is an Equal Opportunity Employer committed to fostering an inclusive environment for our diverse workforce. We do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, marital status, veteran status, or disability. Pursuant to the California Fair Chance Act, we will consider qualified applicants with arrest and conviction records.