Massachusetts Jobs

Our client is seeking a full time Financial Asset Manager to join their Pittsfield team! This position offers a flexible hybrid schedule, but will require coming to their Pittsfield office at least several times a month. The Financial Asset Manager collaborates with the CFO and Asset Management Team to ensure the financial sustainability of our affordable housing portfolio. Key Responsibilities: - Oversee property performance to meet financial and operational goals. - Understand property details, including legal documents and challenges. - Identify risks and develop mitigation strategies, ensuring adequate insurance coverage. - Supervise portfolio accounting staff and monitor financial performance, including budgets and revenue. - Prepare financial reports, including monthly dashboards and watchlist properties with corrective action plans. - Develop and present annual budgets for approval. - Manage communications regarding portfolio finance with stakeholders. - Lead annual audits, ensuring timely completion and positive outcomes. - Collaborate with Management and the Real Estate Development Team to structure property rents, utility schedules, operating expense budgets, and reserve deposits for recapitalization or refinancing. Required Skills and Abilities: - Strong understanding of affordable housing programs (HUD, LIHTC, etc.) and relevant regulations. - Knowledge of tax laws and generally accepted accounting principles. - Strong financial analysis and budgeting skills. - Excellent written and verbal communication skills. - Proficiency in Microsoft Office. - Exceptional organizational skills, including multitasking and prioritization. - Mission-driven with strong values, seeking creative solutions in a collaborative environment. Education and Experience: - Bachelor\'s degree in Accounting, Finance, or Real Estate required. - 5+ years of experience in asset management, property management, or a related field, preferably in affordable housing.