The Asset Manager is a professional position responsible for overseeing the portfolio of real estate owned by Three Rivers, which is primarily rental housing properties. The entire portfolio is valued at over $100 million. Successful management includes preserving and protecting property values, generating revenue, and providing residents with safe, quality housing.
You'll work closely with professional third-party property management firms who are responsible for the daily operations of the properties. Your primary duties include setting performance goals and monitoring performance of property management firms; overseeing property budgets; accomplishing compliance with funders and regulatory bodies; and planning and implementing capital improvement plans for physical needs of the properties.
The Asset Manager works closely with the agency’s fiscal team to conduct annual financial close, audit, and tax document preparation.
Ideal qualities for this position include knowledge of real estate or property management, excellent relationship-building skills, and a strong attention to detail. A successful Asset Manager will have a general familiarity with nonprofit accounting procedures and complying with state and federal funding guidelines. Some travel (SE Minnesota) is required and overnight travel is rare; mileage reimbursement is based on the IRS mileage rate.
This full-time position will be based in Faribault, Rochester or Zumbrota. A successful candidate for this position must live in Southeast Minnesota; out-of-state commuting is not feasible. The starting pay range for this position is $76,960-83,200 per year, depending on experience and qualifications.
Job offers are contingent on a reference check and a criminal background check.
Required Qualifications:
- Minimum Bachelor’s degree in Housing, Public Affairs/Administration, Business Administration, Real Estate or other relevant field
- Minimum two years of progressive experience in asset management, property management, housing development, real estate, business, or related field.
- Demonstrated financial aptitude including budgeting and analysis; extensive experience creating and using Excel spreadsheets
- Ability to manage professional property management firms and agents
- Extensive organizational skills with the ability to handle multiple tasks
- Self-motivated, energetic individual with ability to work both independently and as part of a team
- Proficient in Microsoft Office programs (Word, Excel, Power Point, Outlook)
- Certified Housing Asset Manager by NeighborWorks America or equivalent (may be completed after hire)
- Ability and willingness to travel within the region on a regular basis including a current, valid driver’s license in good standing as defined by agency insurance company, and current, valid personal automobile insurance or equivalent accommodation plan.
- Ability to pass required background study, as defined by position.
Helpful Qualifications:
- Knowledge of finance tools for affordable housing development, particularly Low Income Housing Tax Credits, gap financing, HOME, and others
- Experience in multi-family asset management, particularly projects with affordable housing restrictions and compliance requirements
- Experience with state and federal funding reporting requirements or other compliance activity
Functional Requirements:
- Ability to sit or stand while working.
- Primarily office-based position, with utilization of computer and other basic office equipment.
- Occasional travel using personal vehicle to housing properties or equivalent accommodation plan.
About Three Rivers Community Action
Join Three Rivers Community Action, a dynamic nonprofit organization established in 1966 by dedicated local citizens. Committed to enhancing lives across our service area, Three Rivers collaborates with community partners to address fundamental human needs, fostering individual, familial, and communal well-being.
At Three Rivers, we seek collaborative solutions, lead with integrity, embrace diversity, inspire mutual trust, listen to community needs, respect the people we work with, and promote equity, empowerment and self-sufficiency.
We advocate ardently for our program participants at local, state, and federal levels, leveraging our extensive network of human service agencies to provide comprehensive support. Through these partnerships, we optimize resources to better serve families and communities, catalyzing meaningful change and fostering inclusivity.
We realize dreams of homeownership for people such as single parents, individuals with disabilities, and diverse families. We enable seniors to age in place with vital services like home-delivered meals, transportation, and energy assistance. Through initiatives like Head Start, we ensure children are equipped for school success while supporting their families holistically. At every stage of life, Three Rivers strives to empower and uplift those we serve. Join us in making a difference, one life at a time.
About the Benefits
Enjoy a comprehensive benefits package tailored to support your well-being and enrich your life:
- Competitive wages with opportunities for advancement
- Extensive benefits for regular full-time staff (30+ hours per week), including health insurance, dental insurance, short-term income continuation, long-term disability insurance, voluntary life and AD&D insurance, Flexible Spending Accounts, and, if health insurance is elected, access to an HRA, ensuring peace of mind and security for you and your loved ones
- Participation in a generous 403B match (after 1 year of employment), aiding in building a stable financial future for regular staff working 20+ hours per week
- Generous paid time off, guaranteeing you sufficient time for relaxation, rejuvenation, and personal interests for regular staff working 30+ hours per week
- Access to our robust Employee Assistance Program, providing assistance and resources for both personal and professional challenges
- Training and professional development opportunities aimed at enhancing your skills and fostering career growth
- A supportive work environment that fosters diversity, teamwork, and recognizes individual contributions
Experience these outstanding benefits, among others, as we actively support your development, well-being, and success.
Equal Opportunity Commitment
We are committed to fostering an inclusive workplace that values lived experience. We strongly encourage individuals from under-represented populations and those with relevant lived experiences to apply. We value diverse perspectives and backgrounds. Your unique experiences and perspectives are an asset to our team, and we welcome your application.
Three Rivers is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, genetics, disability, age, or veteran status. If you require assistance or accommodation during the application process due to a disability, please contact Human Resources at jobs@threeriverscap.org or 507-316-0610.
Online application preferred: www.threeriverscap.org/careers. However, a paper application form may be requested by calling 507-316-0610.
Three Rivers is an Equal Employment Opportunity / Affirmative Action Employer
