OUR CLIENT

One of the largest owner-operators of Affordable Housing in the United States has retained KM Partners in the search for a VP of Property Operations/RVP of Property Management. This is a family-owned and operated company that has been in business for more than 30 years, whose principals have been trailblazers in the LIHTC program since its inception with experience closing more than $1B in financings for more than 15,000 apartment homes. From the beginning, the founders’ passion for helping others has driven their business ethos and operations, including providing high-quality Affordable Housing, robust resident services, and consistently volunteering at the property level, to recently transitioning from counting the number of units to focusing on the quality of their impact. With a long-established history and dedication to creating a supportive environment for all employees, the CEO has inspired a loyal and passionate team focused on providing high-quality housing, resources, and assistance to the residents they serve.

 

Regional leadership opportunity with high visibility to company leadership and oversight of finance, strategy, and operations for the largest portfolio in the company. Utilize your passion for hands-on mentorship of regional management and onsite staff while enhancing operational efficiency and collaborating with company leadership.

 

ESSENTIAL RESPONSIBILITIES

• Direct responsibility for the financial performance of the regional portfolio

• Direct responsibility for the preparation of annual property budgets, regionals’ monthly review of budgets variance, and achievement net operation income and cash flow

• Identification, budgeting, and successful operating expense reduction initiatives through the implementation of rigorous procurement initiatives

• Manage and drive financial results, including budgets, reporting, reviewing with staff, developing and presenting strategies to improve financial and operational results

• Lead, motivate, mentor, and develop a team of Regional Property Managers.

• Provide oversight, direction, and feedback regarding employee performance expectations and results

• Conduct regular performance reviews

• Collaborate with the Vice President of Property Management to develop employee incentive programs, oversee and calibrate staff wages within the confines of budgets, and approve any changes

• Work cohesively with internal teams including HR, IT, Marketing, Compliance, Accounting, Acquisitions, and Development, Asset Management, etc.

• Manage legal, Fair Housing, and insurance issues as directed within the portfolio

• Ensure all training programs are being executed and that all communities are being operated within company standards

• Actively manage employee recruitment and hiring processes as necessary, including approving all-new community hires

• Ensure Resident Service programs are operated in accordance with existing state and local agreements and in accordance with company standards

• Ensure all Regional portfolio documentation is up-to-date, accurate, and effectively managed

• Ensure all required marketing and leasing procedures and initiatives are followed

• Act as Senior Liaison to State Agencies, PHA's, nonprofit partners, and Syndicators for Regional Operations and reporting as directed

• Coordinate with other internal teams during operational setup of new communities; initiate cross-functional kickoff meetings as necessary

• Serve as liaison with Acquisition and Development team on new projects

• Work closely with Compliance to ensure ongoing standards are met

• Create and monitor internal community inspection program with QA follow-up program

• Ensure all communities realize at least satisfactory scores from State or local inspection agencies

• Represent the company in all interactions with external regional stakeholders

• Review design and functionality of new acquisition and development projects; communicate and coordinate with supervisor

• Monitor all aspects of new pre-lease communities

• Ensure all management fees, compliance fees, etc. are at the appropriate levels and being collected

• Ensure the accurate and timely completion of all reporting

• Work to ensure all approved company practices, procedures, policies, and programs are being effectively executed throughout the portfolio

• Propose, develop and implement new procedures, practices, and initiatives within the portfolio

• Travel frequently throughout the state of Texas to meet with Regional staff and on-site Teams

 

REQUIREMENTS

• Bachelor's degree from a four-year college or university, or the equivalent combination of training and experience

• Experience in Affordable Housing Property Management

• LIHTC and HAP knowledge and experience



OUR FIRM

KM Partners’ national Executive Search and Professional Recruitment practice areas focus on high-growth, impact-investment-oriented businesses across relevant industries, including Investment Management, Real Estate, Clean Energy, Sustainable Infrastructure, and related Business and Professional Services. With a core focus in Tax Credits (LIHTC, NMTC, Historic, & Renewable), Multifamily, Affordable and Senior Housing, we partner with clients and place industry-specific professionals throughout the United States. At KM, we have established an unparalleled track record of repeat business and success recruiting in niche practice areas, including 140+ placements in Affordable Housing, which have led to 50+ promotions to date. We represent C-level Executive Leadership, Middle Management, and experienced Associates across industry professions.

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If qualified, please contact:

Morgan McCormick | Senior Director

(303) 495-3156 | morganm@kmcompanies.com

Job # 137