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VICE PRESIDENT PORTFOLIO MANAGEMENT - Rochester, NY

Company: Conifer Realty
Location: Walton
Posted on: January 16, 2022

Job Description:

AT CONIFER, WE OFFER: Purpose, Innovation, and Excellence

About Conifer: Conifer Realty, LLC is a dynamic, vertically integrated organization that creates and manages high-quality affordable and work-force housing. Conifer is devoted to growth , to innovation and to be purposeful to our communities. Every step in our process creates a path to a HOME for Possibilities -- a HOME for our residents, and a HOME for our employees. Conifer has a 45-year investment and development history with over 16,000 units owned and managed today. In addition to our current East Coast portfolio, we want to extend nationally with our Purpose, Innovation, and our HOME for Possibilities. At the heart of Conifer is an experienced team of close to 600 highly skilled and passionate professionals. The team's demonstrated entrepreneurial spirit has secured our leadership role in the affordable housing industry.

BASE LOCATION FOR POSITION: Conifer's Corporate Resource Center in Rochester, NY, OR a remote home office within Conifer's regional portfolio of NY, NJ, MD, PA with flexibility for travel to Corporate or sites as scheduled.

The Vice President of Portfolio Management is a senior management position responsible for establishing and leading an institutional class in-house Multifamily tactical asset management team, with significant emphasis on Affordable Housing programs. This includes analyzing existing internal departmental processes, priorities, and performance, retaining best practices, and repurposing strategies, resources, and execution in alignment with current owner/investor/leadership objectives for company and portfolio valuation growth.

RESPONSIBILITIES will include but not be limited to:
Mentor, motivate, lead, and retain a highly skilled Asset and Risk Management team and support staff including but not limited to a team of dedicated asset managers with assigned property portfolios sized and paced with Conifer's planned portfolio growth.
Drive portfolio and individual asset profitability, NOI, and valuation growth with significantly enhanced focus on revenue maximization across all forms of property revenue and operating subsidy.
Develop and ensure execution of multi-year strategic operating/business plans for all properties.
Working in coordination with Property Management and applicable support departments, design and implement a collaborative Portfolio Management approach to further facilitate effective performance that meets or exceeds financial expectations in accordance with strategic plans and/or operating budgets.
Ensure individual property/asset plans are aligned with short- and long-term Capital Transaction goals and objectives.
Ensure annual operating budgets are aligned with strategic portfolio/property objectives including but not limited to growth targets and physical asset preservation.
Develop and/or refine monthly, quarterly, and annual executive/investor level financial performance and watchlist reporting inclusive of reforecast considerations.
In coordination with applicable internal and external resources, develop and execute strategies to maximize Property Tax appeal, assessment, and savings opportunities.
Strategically assess/manage property cash flow and cash reserves to maximize coverage of owner/investor distributions, larger periodic expense needs, and major repair and maintenance capital improvements.
In support of the Strategic Asset Management, Investment, and Development teams, contribute to the analysis of new development/investment/acquisition opportunities including but not limited to market research, revenue forecasting, financial analysis and and/or development of operating budget proformas.
Working with senior leadership and the Director of Risk Management, ensure Conifer's overall Insurance and Risk program and operations maximize the company's risk mitigation and minimize the overall cost of risk.
Periodically conduct site visits to ensure portfolio/property assets are managed and maintained in alignment with Conifer's strategic plans and investment expectations.
Build and maintain strong Intradepartmental and Interdepartmental relationships that support a collaborative and collegial working environment aligned with Conifer's values and cultural objectives.

Visit Conifer's website link: https://coniferllc.com/

Conifer is a professional, service-oriented organization offering a competitive compensation package commensurate with experience, along with excellent benefits that include ongoing training; promotion from within; 13 paid holidays, paid time off (PTO); 401K with company match; medical, HSA, dependent care Flex account, dental, vision; company-paid life, short and long-term disability insurances; a wellness program.

APPLY TODAY via our website link to complete our application and attach your resume: https://www.careersatconifer.com. You will hear directly from the hiring manager on next steps in the process. Thank you for your interest in joining the Conifer Team!

Conifer Realty LLC is an Equal Opportunity Employer and does not discriminate on the basis of any legally protected status or characteristic. Minority/Female/Sexual Orientation/Gender Identity/Disability/Veteran.

Requirements

EDUCATION:
--- MBA preferred. Minimum Bachelor's degree required.

CANDIDATES EXPERIENCE WILL INCLUDE:
Minimum 8 -10+ years' progressive experience in the real estate Portfolio Management industry with demonstrated success in leading and achieving institutional portfolio/property level Portfolio Management objectives.
Recent 3-5+ years managing an Institutional Portfolio Management department with a real estate portfolio that includes Affordable Multifamily assets desired.
Demonstrated ability to meet and/or exceed portfolio financial and investment objectives.
Significant financial analysis experience in portfolio/property financial valuations.
Strong knowledge of Multifamily Affordable Housing programs (HUD/Sec 8/RAD, LIHTC, RD, HOME, PH, etc.) required.
Expert property management skills.
Strong property management financial and accounting skills.
Advanced Excel skills required; proficient WORD, Outlook.
Yardi Voyager, Dealpath housing/developer software skills preferred, or other housing industry programs needed.

Keywords: Conifer Realty, Scranton , VICE PRESIDENT PORTFOLIO MANAGEMENT - Rochester, NY, Executive , Walton, Pennsylvania

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