Deputy Director of Asset Management

DESCRIPTION:

Characteristics of the Class: Under administrative direction of the Director, the Deputy Director performs complex professional work of considerable difficulty planning, organizing and directing activities of assigned functions related to the Housing Authority’s real estate portfolio, to include asset management, redevelopment, repositioning of assets, acquisition and other related duties as required.

Reporting to the Director of Asset Management, the Deputy Director will aid the department Director to drive HACLA’s strategies for multi-family sites to include affordable, special need, and naturally occurring affordable housing, market rate housing, mixed-use, mixed income redevelopment, office building administration and identify opportunities for maximizing HACLA’s current portfolio operations to meet the Authority’s mission. The incumbent will bring a solid understanding of how to grow HACLA business resulting in organizational growth, including bringing a strong network of contacts to support business development efforts, and will know when to enlist the collaborative energies of staff and colleagues to achieve success. This will be a professional who is experienced with commercial and residential asset management and will assist in department policy generation, partnership development and manage staff.

 

Examples of Essential Functions:

• Carries out the activities of assigned functions; assists department director with oversight of Asset Management activities including affordable and market-rate housing property/asset management and rehabilitation programs and operations; develops, recommends and helps administer policies and procedures.
• Oversees the development of scopes of work, Requests for Proposals, Requests for Qualifications and other similar documents with respect to property operations; coordinates and oversees documents related to the procurement process and leads an evaluation team that reviews, analyzes and evaluates proposals received in response to such procurements, and analyzes and manages the resulting services contracts, schedules and budgets.
• Negotiates, reviews, interprets, and guides implementation and compliance with redevelopment-related agreements, including ground leases, partnership agreements, reciprocal easement agreements, management and leasing plans, and covenants; helps resolve legal, contractual, and technical issues by working with internal and outside counsel on such agreements.
• Helps implement Asset Management goals, objectives, policies, budgets and priorities for assigned service areas; recommends appropriate service and staffing levels; allocates resources accordingly.
• Provides input and evaluation of the efficiency and effectiveness of programs and services methods and procedures; supervises and coordinates activities of staff members; Consults with and assists various HACLA officials and agency representatives in the resolution of problems; makes recommendations or takes corrective action as appropriate.
• Analyzes and interprets real estate appraisals, operating budgets, balance sheets, project budgets, and other financial information related to portfolio performance and uses such analysis and interpretation to inform property and asset management decisions.
• Coordinates asset management activities with other departments and outside agencies and organizations, including legal counsel; provides staff assistance to the Asset Management Director; prepares and may present reports, updates, and other necessary communications.
• Attends, participates and may present at professional meetings; stays abreast of new trends and innovations in the fields of real estate, affordable and market rate housing portfolio management redevelopment and affordable housing development, financing and rehabilitation.
• Interacts at and leads community stakeholder and tenant meetings.
• Performs other related duties as may be assigned.

KNOWLEDGE OF AND TRACK RECORD IN UTILIZING:

• The theories, principles and practices of asset and property management, , project management, contract administration and negotiation, and business and public administration.
• Multi-family redevelopment activities, including utilization of low-income tax credit and bond financing as well as managing compliance with welfare exemptions, Section 8, and tax credits.
• Organization and management practices as applied to the analysis and evaluation of assigned programs, policies and operational needs particularly as relates to comprehensive public and subsidized housing programs, including rehabilitation.
• Local, state and federal laws, rules, and regulations governing real estate property management, planning and development, , asset management and mixed-finance development.,
• Methods and procedures in real estate financial, analytical, statistical and mathematical matters, including residential, multi-family, commercial real estate market analysis.
• Principles of supervision, training and performance evaluation.
• Principles and practices of budget preparation and administration.
• Principles of community development and public engagement.

ABILITY TO:

• Conceptualize, analyze, manage and implement complex portfolio management.
• Plan, organize, direct and coordinate the work of assigned personnel.
• Analyze problems, identify alternative solutions, and recommendations in support of department goals.
• Effectively administer a variety of property types through their life cycle and extend useful life of properties.
• Prepare complex asset management reports and analyses.
• Initiate and maintain effective and cooperative working relationships with colleagues, consultants, team members, local, state and federal government agencies, lenders/investors, and community stakeholders.
• Prepare and administer large and complex budgets and analyze real estate proformas.
• Interpret and apply Federal, State and local policies, procedures, laws, and regulations.
• Prepare clear and comprehensive written reports on technical and administrative matters.
• Prepare and deliver effective presentations.

TYPICAL QUALIFICATIONS:

Experience: Minimum seven years of increasingly responsible experience in the oversight of a large real estate portfolio, structuring and negotiating property management contracts, preferably with experience in affordable housing transactions, which include public subsidies, low income housing tax credits and tax exempt bonds and at least five years of administrative and supervisory responsibility. Experience working with principals and senior level officials.

Education: A graduate degree from an accredited college or university with a major course work in real estate, finance, business administration or related field OR a Bachelor’s degree combined with ten or more years of experience in, property or asset management, real estate development, planning, business, finance or a related field. Educational requirement may be waived based on a compelling portfolio of experience. 

SUPPLEMENTAL INFORMATION:

APPLICATION PROCESS

Applications will be reviewed for relevant experience, education, and/or training. Applications must be detailed and complete for proper evaluation. Resumes may be included but may not be submitted in lieu of application content. Only the most-qualified applicants will be considered and may be invited to the interview and selection process.

 

SELECTION PROCEDURE
Applications will be reviewed for relevant experience, education and training.  The application must be detailed and complete for proper evaluation.

 

HIRING INFORMATION All job offers are contingent upon providing proof of full vaccination against COVID -19 and successful completion of a pre-employment evaluation, which includes: a post-offer medical examination (includes drug and alcohol screening), criminal records check, employment history and education verification, and documentation of the right to work in the United States. Fully vaccinated means 14 days have elapsed since receiving the second dose of the two dose vaccine or 14 days since receiving the one dose vaccine.

Candidates will start at step one of an eight step salary range unless there are special exceptions in accordance with agency Personnel Rules.

 

DISABILITY ACCOMMODATION

Testing Accommodations: If you require an accommodation due to a physical, mental or learning disability, please call (213) 252-5400 for special assistance.  Special testing accommodations may be arranged if verification of the disability is provided by a physician, rehabilitation counselor, or other authority.

 

Mandatory Vaccination Accommodations: If you are unable to submit proof of vaccination at time of acceptance of a job offer due to medical and/or religious reasons, you will need to submit a request for a reasonable accommodation to engage in an interactive process. Fully vaccinated means 14 days have elapsed since receiving the second dose of the two dose vaccine or 14 days since receiving the one dose vaccine.

 

As a condition of new and continued employment, employees in this classification must participate in mandatory direct deposit of payroll.

 

We are an Equal Opportunity/Affirmative Action Employer.

Candidates who require a reasonable accommodation in any portion of the selection process should state their need in writing when submitting an application.

NOTE: The provisions of this announcement do not constitute an expressed or implied contract and any provisions contained in this announcement may be modified or revoked without notice.

Pursuant to the Housing Authority of the City of Los Angeles' Conflict of Interest Policy, new and existing employees are required to refrain from participating in activities, employment or enterprises, which are in conflict with public interest and/or with his or her duties as an employee of the Authority.  A copy of the Conflict of Interest Policy may be obtained by visiting our website at:

http://www.hacla.org/Portals/0/Attachments/Others/ConflictofInterestPolicy.pdf 

Please call NeoGov Toll-Free Applicant Support telephone line (855) 524-5627 if you forget your password, have application login problems or get an error message during the application process.