Vice President of Development

SUMMARY: Under the general direction of the SVP Development & Asset Management, the Vice President of Asset Management is responsible for the fiscal accountability, operational performance, physical plan management of the Agencies multi-property residential portfolios, as well as supervision and oversight of FWHS Asset Managers and Facilities Coordinators.  The Vice President of Asset Management will create and implement processes, procedures, and tools to optimize efficiency of the Asset Management team, and financial and operational performance of the FWHS real estate portfolio.

ESSENTIAL DUTIES AND RESPONSIBILITIES: The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required.  Other duties may be assigned.

• Assists the SVP Development & Asset Management in the management of the FWHS’ assets and property management entity.
• Manages, plans, and coordinates the activities of the Asset Management department, including all aspects of administration, budgeting, maintenance, and customer relations. 
• Defines objectives and executes strategy for each asset including leasing, operations, and/ or capital improvements.
• Establishes and maintains property operation benchmarking including revenues, expenses, net operating income (NOI), return on investment, and cash flow and distribution analysis.
• Maintains a detailed understanding of factors affecting various markets and submarkets associated with portfolio and monitors market trends in value, cost, and supply/demand fundamentals.
• Understands competitive positioning relative to rents, lease terms and overall occupancy.
• Maintains property specific compliance with loan documents and equity agreements.
• Oversees leasing and marketing plan for properties including lease up projections, estimated tenant improvement costs, marketing methods and prospect plans.
• Evaluates the department’s performance by developing private sector standards, reviewing, and monitoring departmental business plans, attending meetings, and analyzing performance reports.
• Conducts quarterly internal asset valuations for all properties.
• Ensures accurate reporting, timely data production and audit support is maintained.
• Monitors implementation programs for all types of maintenance and management activities of FWHS’ housing units to ensure decent, safe, and sanitary housing for FWHS’ residents.
• Assures departmental compliance with applicable local, state, and federal regulations.
• Develops operating budgets for the Asset Management Department by directing and participating in division budgets, monitoring budgets, and reviewing financial reports.
• Regularly meets with the Development Department to assess current needs.
• Assist in the preparation of the annual needs assessment statement.
• Prepares monthly, weekly, and special reports for the SVP Development & Asset Management for submission to the Board of Commissioners, other departments, and HUD.
• Develops plans, specifications and cost estimates and plans for repairs associated with the maintenance of FWHS’ real estate assets.
• Stays abreast of public housing matters, tax credits developments, and opportunities by studying HUD regulations, laws, ordinances, and publications and by attending professional conferences, training, and meetings.
• Develop and implement plans to achieve short and long-term goals.
• Perform other duties as assigned.
• DRIVING IS AN ESSENTIAL FUNCTION OF THE JOB: Promotes partnerships within the community by participating on committees and organizations and encouraging outside agencies to partner with Fort Worth Housing Solutions.

EDUCATION AND LICENSING:

• Bachelor’s degree from an accredited college or University preferably majoring in finance, accounting, business administration or related field.
• Must possess a current Texas Driver’s License, have a driving record in good standing, and be eligible for coverage under FWHS’s fleet vehicle insurance policy.

SKILLS AND EXPERIENCE:

• Minimum seven (7) years’ experience with increasing responsibility in a position with multifamily asset management or public housing agencies, or combination of education and experience.
• Knowledge of the principles, practices, and techniques of property management.
• Knowledge of marketing strategies, processes, and available resources.
• Knowledge of applicable laws, regulations, standards, policies, and procedures within specific programs.
• Skill in budget preparation and fiscal management.
• Knowledge of the low-income housing tax credit and tax-exempt bond programs.
• Ability to read and interpret complex state and federal legislation.
• Knowledge of general office procedures and practices, business English and math.
• Ability to communicate clearly and concisely, orally and in writing.
• Ability to establish and maintain effective and courteous relationships with other employees and other business contacts.
• Above average analytical and reasoning skills.
• Ability to manage multiple priorities and multiple demands to accomplish tasks in accordance with established requirements; anticipate potential problems and needs in order to develop and initiate appropriate corrective action.
• Uses sound judgment to make and implement decisions.
• Effectively initiate and manage work projects.
• Effectively relate to and deal with public and private agencies and residents in order to accomplish organizational goals and complete projects.
• Delegate duties and assignments in order to achieve objectives. Ability to prepare and present ideas in English, in a clear and concise manner, both orally and in writing.
• Must pass a pre-employment drug screening and criminal background check.

DEADLINE TO APPLY: Open Until Filled