Job description

Millennia Housing Management is hiring for Asset Management Analyst for our corporate office located at Key Tower in Downtown Cleveland.

The Asset Management Analyst is responsible for analyzing and evaluating assets, portfolios and monthly, quarterly and annual financial statements. The Asset Management Analyst will also be accountable for the assistance in implementing strategies that maximize the financial performance and value of The Millennia Companies portfolio. This position will be orking out of Key Tower in Cleveland, OH.

Essential Functions and Responsibilities
* *
Read, interpret, and comprehend Controlling Documents such as:
*

• Owner Documents (Limited Partnership/Operating Agreements).
• Regulatory Agency Documents.
• Loan Documents.

• Handle and ensure compliance with the financial aspects of Controlling Documents, including:
• Loan Compliance.
• DSCR computations.
• Communicate with lender representatives.

• Soft Debt Payments, including computations of cash flows as defined in loan docs.
• Communicate/Interact with 3rd party representatives.
• Seller Note Payments.

• Regulatory Compliance
• Monitor and track compliance related due dates and deliverables on behalf of our governmental finance programs.
• Control/Coordinate payment of distributions from operating projects to owner entities according to applicable regs with Accounting.

• Owner Documents
• Initiate/Process cash flow distributions/waterfalls on a quarterly, semi-annual, or annual basis as stipulated in the Controlling Documents.
• Initiate/Process distributions resulting from capital transactions.
• Maintain history of payments to investors.
• Calculate and maintain information investor returns, IRR, etc.

• Assist the Director of Asset Management with all levels of investor communications and report deliveries as detailed in the Controlling Documents.
• Provide assistance with building out our web-based application and data/reporting loading for our investment partners.
• Working knowledge of financial statements on behalf of real estate investments.
• Ability to run analytics at the property and portfolio levels for micro and macro trends.
• Assist the accounting team with auditor inquiries associated with project audits and tax returns.
• Ability to travel to properties to conduct site visits as needed.
• Real Estate Owned Schedule (REO):
• Maintain the detailed schedule of all owner entity/sponsor/guarantor guarantees for the quarterly REO schedule.
• The long-term goal is to assume the responsibility for the preparation of the REO schedule.

• Process oriented mindset with the ability and drive to build continuous improvement efficiencies in all tasks.
• Conduct internal auditing of real estate operations to identify opportunities and weaknesses and then provide recommendations.
• Provide recommendations and implement changes for property improvements based on thorough analysis and experience.
• Prepare narratives and financials for investor reporting.
• Other duties as assigned.

_*_
_Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions._

• *

Required Education and Experience**

• *

1 - 5 years’ experience in multi-family asset management.

• Section 8 and low-income housing tax credit experience a plus.
• Bachelor's degree required (prefer accounting /finance/real estate).
• Possess excellent Microsoft Excel skills.
• Ability to read/comprehend legal documents.
• Ability to communicate clearly and concisely both verbally and written.
• Knowledge of and ability to work with Finance concepts (NPV, IRR, etc.).
• Ability to work effectively with limited daily supervision.
• Highly motivated self-starter with a positive "can-do" attitude.
• An analytical, detailed-oriented approach with a results-oriented mindset.
• Ability to think like an owner in all decision-making.
• Entrepreneurial spirit with a willingness to do what is necessary.

**
*Work Conditions & Physical Demands*
* *
Able to work independently or as a team member to assist employees and managers with special projects.
*

• Strong collaboration skills – works well across functional areas—excellent relationship-building skills; able to collaborate with various levels of the organization.
• The physical demands described here represent those that an employee must meet to perform the essential functions of this job successfully.
• While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear, and taste or smell. The employee must occasionally lift or move up to 20 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus.

*
Expected Hours of Work & Travel**

• *

Regional travel will be required, as necessary.
**
*Values We Seek*

• *

Respect*: Respect is shown by demonstrating a sense of self-awareness and reflecting on one's own words and actions to adapt, grow, and succeed. We embrace our differences while recognizing what brings us together.

• Collaboration: Collaboration begins with strengthening our relationships with our residents, owners, partners, and employees, relying on strong communication and a deep understanding of the values and needs of all those involved.
• Service-Focused: Understand what internal and external stakeholders' value and anticipate their needs; strives to create a meaningful experience and build lasting relationships.
• Performance: Achieving exceptional performance requires us all to be working on the right things at the right time and, in doing so, staying aligned with our business fundamentals and priorities. It also requires us to understand the business – carefully and critically analyzing our performance and metrics and weighing options and risks before decisions are made.

**
*EOE/Disabled/Veterans Statement*
We are an Equal Opportunity Employer. Each applicant for employment is considered solely based on job qualifications, without regard to race, color, religion, sex, sexual orientation, genetic information, age, disability, national origin, veteran status, or any other classification protected by law.
**
*About The Millennia Companies*
Founder and Chief Executive Officer Frank T. Sinito entered the real estate business in 1985 with the purchase of a 14-unit multi-family development in Northeast Ohio, handling all aspects of property management and developing a passion for providing exemplary and caring service to residents. From this start, Sinito went on to acquire additional apartment developments, and, in 1995, he founded The Millennia Companies® (Millennia), a high-performance business enterprise that has grown to operate in a diverse set of sectors; opportunities exist in multi-family real estate development, property management, commercial real estate, hospitality and more. We invite you to thrive in your career here as we serve thousands of residents, clients, and customers throughout our dynamic group of companies.
You can make a difference at Millennia. Do you value respect, service, performance, and collaboration? These values drive our culture and success, and we recruit employees who embody them. When you join our team, you will be part of an environment that fosters growth and enables excellence. You will also meet passionate employees who work together to advance our mission and create a culture of excellence recognized by industry associations. In 2020, Millennia ranked #1 on the Affordable Housing Finance (AHF) list of Top 10 Companies Completing Substantial Rehabilitation, #4 on the AHF list of Top 50 Affordable Housing Owners, and #18 on the Multi-Housing News list of Top Developers.

Job Type: Full-time

gatheringourvoice.org is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, gatheringourvoice.org provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, gatheringourvoice.org is the ideal place to find your next job.