Management Development Manager jobs in Louisville, KY

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES: Please add in here somewhere that Regional Asset Managers will be a direct report and something about the duties and responsibilities associated with managing this group.

• Serve as an Owner’s Representative; to understand property issues, pinpoint problem areas, and pursue solutions to maximize portfolio profitability.
• Be a highly visible role, with extensive contact with internal and external sources related to the property.
• Possess the ability to handle multiple properties and tasks through lease-up, construction operations and construction issues, stabilized operations, and through the entire compliance period.
• Be responsible for asset enhancement and financial results to increase revenue and asset value.
• Will communicate and work through diverse issues with equity partners, lenders, and departments within the organization (Accounting, Property Management, Compliance, Construction, and Development) effectively and respectfully.
• Lead and organize the annual budgeting process ( reviewing property budgets prepared by management companies, presenting budgets to owners, analyzing budgets for reasonableness, etc.).
• Complete analyses on occupancy levels, income statement variances to budget, tenant AR levels, etc. to ensure that the portfolio is operating profitably and as budgeted.
• Identify issues in underperforming properties within the portfolio to address these issues with property management.
• Review and understand partnership agreements, loan documents, LIHTC agreements, and applications to ensure the property complies and remains in compliance with IRC Section 42 requirements.
• Interact with Construction and Development Departments to follow and understand construction issues and how they will impact or relate to stabilized operations.
• Complete physical in-person inspections of properties within the portfolio.
• Follow through physical site inspections to ensure that sufficient responses are received promptly and that all AM action items are addressed.
• Participate in group visits to properties that are underperforming and follow through on action plans that are put in place to ensure improvement in operations.

• 7 years experience of direct supervisory experience; 5 years of relevant experience at the regional property management level. Working knowledge of Section 42 (LIHTC) principles and requirements
• Bachelor’s Degree with a concentration in Real Estate, Business or a related field preferred.
• Experience with Yardi/Real Page and MRI Developer Central a plus
• Strong analytical and quantitative skills with an emphasis on financial analysis
• Understanding of real estate accounting principles and financial reporting procedures with the ability to analyze variances.
• Able to read, analyze, and interpret complex business documents including partnership agreements, financial reports, contracts, loan documents, and regulatory agreements.
• Proficiency with Microsoft Office suite. A strong understanding of Excel is a must.
• Able to work proactively, independently, and as a strategic partner in a team environment.