Position Title: Senior Asset Manager
Department: Asset Management
Join our Team! At IHDA we strive to create and maintain a work environment that promotes diversity, recognition and inclusion. IHDA is committed to hiring and investing in individuals of diverse talents and backgrounds.
Who we are: The Illinois Housing Development Authority (IHDA) is one of the Nation’s preeminent Housing Finance Agencies. Our mission is to finance the creation and preservation of affordable housing across the state.
Summary: This position is housed within the Asset Management department, which monitors long-term compliance for IHDA-assisted developments.
Project Operations Compliance: Ensures the operational compliance of properties assisted by IHDA loans, grants, or tax credits through management, occupancy, and tenant file reviews.
Essential Functions:
- Implements proactive strategies to resolve properties’ operational compliance issues.
- Conducts initial and ongoing monitoring reviews of assigned portfolio based on prescribed timeframes.
- Prepares and maintains all operational compliance documentation.
- Serves as primary point of contact between owners/agents and Asset Management department.
- Proactively communicates with the property owner, manager, agent regarding operational issues.
- Participates in regular loan monitoring and delinquency meetings.
- Intakes, responds to, and resolves tenant and owner/agent inquiries or complaints.
- Performs other duties and special projects as assigned.
Education and Experience Requirements:
- Education: Bachelor’s degree required, experience may substitute.
- Experience: At least 5 years’ experience in asset management/operational compliance for affordable multifamily rental housing developments.
- Thorough knowledge of funding sources/programs desired: LIHTC, HOME, Section 8, etc.
- Proficiency in Microsoft Office Suite required.
- Training: Certifications required within one year.
- Valid Driver’s License: Required.
- Access to Personal Vehicle: Required.
- Frequency of Travel: Frequent – 50-75% annually.
What we Offer:
- Paid time off, plus paid holidays
- Medical/dental/vision/life insurance plans
- 401K plan – immediate vesting
- Tuition reimbursement
- Flexible scheduling available after probationary period.
Must be a resident of Illinois or willing to relocate.
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Flexible schedule
- Health insurance
- Life insurance
- Paid time off
- Professional development assistance
- Tuition reimbursement
- Vision insurance
Schedule:
Work Location: Hybrid remote in Chicago, IL 60601
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