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Highland Property Management Director of Asset Management - Summit Management Group in Missoula, Montana

Director of Asset Management - Summit Management Group

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  • Missoula, MT, USA

  • DOE

  • Salary

  • Full Time

    Company-paid health, vision, and life insurance; bonus program; matching 401K; paid holidays and accrued paid time-off

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Position: Director of Asset Management

Location: Corporate Office

Status: Full Time, Salaried (Non-OT Exempt)

Reports To: Vice President

This position is responsible for the direction of the Asset Management Department on a day-to-day and strategic basis. Oversees compliance management.

Job Duties:

Represent Owner in all proceedings. Safeguard the portfolios' assets. Inspect properties and provide reports to executive team. Identify risks and report to executive team (potential lawsuits, poor practices, etc.) Review processes and procedures and identify and report on potential inefficiencies in and risks to the portfolio and the overall organization. Assist in the due diligence and underwriting of potential acquisitions. Identify and report potential efficiencies (insurance, lending, cost savings, etc.) for portfolio and Summit companies. Development and implement Asset Management Operating Procedures. Communicate with investors. Coordinate with Summit Housing, Summit Construction, and Highland Property Management as needed in evaluation of potential investments, processes, and procedures. Propose goals and objectives for each property. Assist in the preparation and approval process of property operating budgets. Report monthly, quarterly and annual on the portfolio. Review monthly property operating statements and budget to actual comparisons. Other duties as assigned.

Contacts and Liaisons:This position comes in contact with the executive team, lenders, investors, insurance agents, vendors, etc. Diplomacy, tact, and a helpful, positive, professional presentation and attitude are required.

Training/Education:

Bachelor's Degree required with a concentration in business, finance, accounting and/or real estate.

Knowledge and skills:

Thorough understanding of Real Estate Management and Financial Analysis, along with Debt Workout/Financing experience. Excellent written and verbal communication skills, interpersonal skills, and computer literacy are a must. Thorough understanding of LIHTC requirements is required.

Computer literacy sufficient to operate spreadsheet and word processing applications (i.e. Microsoft Excel, Microsoft Word, Microsoft Powerpoint, Access).

Working knowledge of RealPage/Onesite

Ability to work with financial concepts and perform financial analysis including ROI, IRR and discounted cash flow modeling.

Required work behaviors:

  • Spirited initiative and resourcefulness

  • Entrepreneurial approach

  • Remover of barriers

  • Results focused

  • Accountable

Physical Requirements:

  • 80% office work (meetings, phone, computer, etc.)

  • Must possess a valid driver's license and be insurable for company vehicles.

  • Standard vision, with or without corrective eyewear.

  • Standard hearing, with or without a hearing aid.

  • Ability to lift a minimum of 25 pounds

Pay and Benefits:

  • Schedule: Full-time

  • Benefits: Quarterly bonus program; health, vision, life and disability insurance; matching 401K; paid holidays and accrued paid time-off

Equal Opportunity Employer. Candidates must pass pre-employment background and credit check. This company participates in E-Verify.

About Us:

Summit Management Group, Inc. is the parent company of a growing family of companies headquartered in beautiful Western Montana. We specialize in Low-Income Housing Tax Credit (LIHTC) developments, with mixed-income units joining our portfolio in 2018. To date, Summit has built, been awarded, or has under construction 32 LIHTC properties (1,646 units) spanning Colorado, Montana, Oklahoma, South Dakota, Utah, and Wyoming. Summit's family of companies are involved in all aspects of development, including site selection, finance and investor relations (Summit Housing Group, Inc.), construction (Summit Construction Group, Inc.), and on-going property management (Highland Property Management, Inc.). Our continued growth and success is made possible by our great staff and dynamic partnerships with institutions and organizations working together to ensure quality affordable housing throughout the US.

Highland Property Management

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