Reliabilityweb Director of Asset Management

Knoxville’s Community Development Corporation (KCDC) offers our employees an outstanding opportunity for personal and professional growth while at the same time providing innovative housing resources to the citizens of Knoxville and Knox County. KCDC manages, invests and leverages approximately $100 million annually in the fulfillment of our mission to provide quality, affordable housing and life-changing opportunities to our residents and clientele.KCDC currently owns and operates more than 3,200 units of affordable housing across more than 20 properties in Knoxville. Utilizing HUD Section 8 resources, we also provide rental assistance to more than 4,000 families throughout Knox County. KCDC also develops new affordable housing properties, redevelops existing housing properties, and serves as the development agency for the City of Knoxville.We are currently looking for a Director of Asset Management to establish and lead our asset management platform in an effort to improve the efficiency and enhance the quality of our growing portfolio of affordable housing assets.

The Director of Asset Management will be responsible for developing and implementing standard reporting protocols to lenders, investors and other stakeholders; overseeing the development and implementation of short-term and long-term capital plans; adherence to compliance requirements typical of affordable housing properties; identifying and implementing operational improvements; and preparing properties for successful year-15 transactions. The Direct of Asset Management will report directly to the Vice President of Redevelopment and will work closely with other KCDC executive and director-level staff. This position will be full-time and onsite at KCDC’s main office in Knoxville, TN.

TO BE EFFECTIVE IN THIS ROLE YOU WILL NEED

Passion to serve our local community through the work at KCDC
Ability to relate to and encourage staff to achieve agency goals
Excellent analytical and management skills
Excellent time management skills
Technical knowledge necessary to perform all job responsibilities
A tireless work ethic
A positive attitude and ability to think outside the box

MINIMUM REQUIREMENTS

Bachelor’s degree with a concentration in Real Estate, Finance, or Business preferred and five to ten years of experience in affordable multi-family real estate (regional property management, asset management or development preferred.
Experience with and knowledge of LIHTC and HUD programs required.
Strong analytical and quantitative skills with knowledge of real estate accounting principles.
Ability to read, analyze, and interpret complex business documents including partnership agreement. loan documents and regulatory agreements.
Ability to make effective and responsible business decisions with minimal oversight.
Proficiency with Microsoft Office suite; a strong understanding of Excel is a necessity.
Must possess a valid driver’s license and be insurable under the KCDC’s automobile insurance plan at the standard rate.

BENEFITS

Ensuring you rest from work with generous paid time off benefits

11 paid holidays annually
2 to 5 weeks paid vacation annually with a 240-hour roll-over
12 paid sick days annually

Saving you money and preparing you for retirement
- Flexible Spending Accounts for medical and dependent care expenses
- Pre-tax insurance premiumso Defined Contribution Retirement Plan with 8.8% company contribution; No contribution required by you
- Roth Account, a post-tax retirement savings plan
- Deferred Compensation Plan (457b account), a pre-tax retirement savings plan

Taking care of you and your loved ones

Medical, dental, vision, and life insurance options
Long-term and short-term disability insuranceo Free Employee Assistance Program

Helping you achieve a healthy lifestyle and work/life balance

The Healthy Track, a comprehensive wellness programo Remote workplace options
Flexible work hours

Supporting your growth and advancemento
- Funds available for Continuing Education Credits (CEUs)
- Tuition assistance for college coursework