Asset Manager, Capital Transactions – Boston, MA

The Community Builders, Inc. (“TCB”) is a large, non-profit developer and manager of affordable housing based in Boston with properties in 14 states and regional hubs in Chicago and Washington, DC.

Located in TCB’s Boston office at 95 Berkeley Street, the Asset Manager, Capital Transactions will have primary asset management responsibility for portfolio assets in need of refinancing, restructuring, or disposition. This role will involve collaboration with personnel in other departments, including Property Management, Development, Finance, and Legal.

In addition, the Asset Manager, Capital Transactions will be responsible for representing the owners in the capital planning process. This role will involve collaboration with personnel in Property Management and Asset Management.

Responsibilities specific to the Asset Manager, Capital Transactions will include:

Identifying properties as candidates for refinancing, resyndication, or other restructuring
Developing plans for the refinancing, restructuring, and disposition of portfolio properties in collaboration with staff in other departments, as well as external parties
Executing refinancing, restructuring, and disposition plans
Working with other Asset Management and Property Management staff to represent the owners’ interests in the capital planning process

General asset management responsibilities will include:

Rating properties on a variety of dimensions (operational performance, physical condition, program compliance, and strength of market)
Identifying Watch List properties and creating Action Plans to improve property performance
Working effectively with investors and other funding partners to address issues of concern
Analyzing long-term property performance against projections
Maintaining the integrity and quality of property data
Reviewing and approving annual property budgets
Reviewing financial statements
Conducting periodic site inspections
Working with the Director of Asset Management and others on process improvement projects within and outside the department

Requirements: The position requires: a minimum of five to seven years of experience in affordable housing asset management, including experience with refinancing and restructuring as well as physical assets and capital planning from an owner’s perspective, and a very strong ability to work independently. In addition, the successful candidate will have demonstrated experience improving business processes in these areas. Other requirements for success in the position include:

Strong familiarity with real estate and various programs used to finance affordable housing
Strong organizational and time management skills
Skill in financial analysis using MS Excel
Strong verbal and written communication skills

The Community Builders is committed to ensuring diversity in its workforce and candidates from diverse backgrounds are encouraged to apply.

Please send a cover letter and resume to resumes@tcbinc.org.

The Community Builders, Inc. is an Equal Opportunity Employer and strongly encourages candidates of all backgrounds to apply for this position.