Asset Manager

We don’t just create housing, we create homeownership opportunities for low and moderate income residents. Join our movement!

ABOUT THE SAN FRANCISCO COMMUNITY LAND TRUST

The San Francisco Community Land Trust (SFCLT) is a nonprofit organization whose mission is to create permanently affordable housing for low-to-moderate-income people through community ownership of the land. Guided by the principles of anti-displacement and racial justice, SFCLT stabilizes neighborhoods, and creates greater access to housing and homeownership opportunities with a focus on BIPOC communities previously excluded from access to wealth, and in particular, access to homeownership opportunities.

SFCLT currently owns and operates 16 permanently affordable properties for those of low and moderate income spread throughout San Francisco, including Chinatown, the Mission, the Tenderloin, the Richmond, South of Market, and Russian Hill.

ABOUT THE ASSET MANAGER ROLE

The SFCLT Asset Manager will primarily be responsible for managing financial resources to ensure the financial sustainability of a growing real estate portfolio (currently ~170 units across 16 properties). We are looking for someone with real estate asset management experience who is excited by the idea of joining a start-up-like organization and has the ability to immediately take ownership of key asset management responsibilities.

The Asset Manager will report directly to the Housing Director and will collaborate with the Marketing and Lease Up Manager, Construction Manager, and the Stewardship Director (responsible for asset management compliance). Additionally, for the right candidate, there is potential to grow into a larger role within the organization.

HOW YOU WILL SUPPORT THE WORK OF SFCLT

• Financial Modeling/Analysis: Create annual property budgets, conduct monthly cash flow analysis for each property, and develop and implement expense reduction strategies to ensure each property operates with a cash surplus.
• Day-to-Day Asset Management: Evaluate expense requests in accordance with budgets, perform the annual bad debt write-off process, manage 50+ property bank accounts, and handle all ad-hoc asset management-related requests in compliance with loan documents and best practices.
• Acquisition Support: Provide asset management support during acquisitions by evaluating key real estate pro forma assumptions (e.g., inflation projections, operating expenses) to assess the financial feasibility of prospective properties.
• Collaboration: Work closely with other areas of asset management (e.g., compliance, marketing and lease-up, construction) to ensure the financial sustainability of the portfolio.
• Presentations: Lead quarterly presentations to the Executive Director and Board of Directors regarding portfolio financial performance, facilitate ad-hoc lender discussions, and regularly communicate complex financial information to staff.
• Project Management: ability to effectively plan, organize, and oversee a high volume of tasks and resources in an ambiguous environment to ensure that deadlines are consistently met.

ABOUT YOU

• Passionate About Social Justice: Your work is rooted in local communities marginalized by gentrification and displacement, including communities of color, low-income, queer, and immigrant residents of San Francisco
• Resourceful and Trustworthy: You handle sensitive information with integrity and confidentiality, while effortlessly managing multiple tasks at once.
• A Natural Relationship builder: You enjoy building and maintaining productive relationships with lenders, property managers, and residents to ensure effective collaboration and positive sentiment towards organization.
• Organized and Detail Organized: You enjoy creating systematic processes and take pride in your ability to ensure accuracy and compliance, and ensure effective documentation practices in your work.
• Adaptable and Team-Oriented: You thrive in dynamic, fast-paced environments, bringing a positive, can-do attitude while collaborating seamlessly with others to achieve success.

REQUIREMENTS

• At least 3 years of relevant real estate asset management experience, preferably in affordable multi-family housing
• BA or MBA in Finance preferred
• Strong proficiency in Microsoft Excel and financial modeling
• ​​Strong understanding of real estate pro formas, key financial metrics (i.e., net income, DSCR), budgeting, CNAs, cash flow analysis; awareness of market trends and conditions to guide strategy.
• Advanced experience with property management software (e.g., Buildium),
• This is a hybrid role, requiring two days per week in the San Francisco office, with mandatory in-office presence on Mondays. Additional in-office days may be required based on events or other factors
• Must be fully vaccinated against COVID-19 prior to starting

APPLY HERE Links to: https://zurl.to/GWl

Our goal is to fill this position ASAP but for the right candidate, the start date is negotiable. Please upload your resume and a cover letter demonstrating your interest and fit for the position. We look forward to hearing from you!

SFCLT is an equal opportunity employer and encourages diversity in its applicants. All applicants will be considered for employment regardless of race, color, religion, sex, sexual orientation, gender identity, gender expression, age, marital status, ancestry, national origin, military or veteran status, or mental or physical disability. BIPOC, queer and trans people, women, and nonbinary and gender non-conforming applicants are strongly encouraged to apply.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider employment qualified applicants with arrest and conviction records to apply for any open position in which they feel qualified.