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We combine community organizing tenant and homeowner services, affordable housing development and management, and economic development to improve Brooklyn.  \nJob Description:  \nIMPACCT Brooklyn is looking for a results-driven Asset Manager to provide recommendations on asset acquisition and manage a portfolio of assets, increasing their value, and minimizing risks. The Asset Manager will be tasked with conducting risk analyses, preparing financial, asset management, and investment reports, reviewing policies, and developing strategies to maximize asset growth. Ultimately, an outstanding Asset Manager should have knowledge of real estate and a strong financial background. This position reports to the Executive Director.  \nDUTIES AND RESPONSIBILITIES:  \n􀁸 Ensure compliance with project agreements and other regulatory and lender requirements for all of IMPACCT’s subsidiary entities which comprise our management portfolio:  \n- Review the existing LLC, LP and HDFC closing binders –including Partnership Agreement, Management Agreement and other regulatory agreements and compile a comprehensive database by project  \n􀁸 Be the point person and maintain our relationship with third party management company(s) -currently two projects in our development portfolio with more projected  \n􀁸 Responsible for maintenance of entity tax status and compliance with Dept. of State, the State Attorney General’s office, the IRS, and NYC and NYS Dept. of Finance. Maintain database of entity status, oversee dissolution of entities no longer in use and works with the development department on formation of new entities.  \n􀁸 Maintain RE tax exemptions and apply for renewal RE exemptions (420C) as needed.  \n􀁸 Oversee required quarterly financial and annual reports, audits, annual certified rent rolls and other submissions to government agencies, project partners, syndicators, lenders and funders according to the sources and uses and regulatory requirements of each project. Maintain IMPACCT’s relationship with the asset management teams of these various agencies and companies.  \n􀁸 Maintain project reserve spreadsheet and submit operating and replacement reserves requests as needed to appropriate lender or syndicator according to their protocol. Set up reserve accounts as required, monitor investment accounts, and direct management to contribute to entity reserves as required by regulatory and lending agreements.  \n􀁸 Work with the Director of Housing and contracted CPAs to produce annual audits and tax returns for all subsidiary and affiliate entities in a timely manner.  \n􀁸 Review analysis of building operation expenses and rental revenue and prepare annual operating budgets for entities as required. Review internal budget to actual reports monthly. Monitor and discuss the expenditure reports with the Accounting Manager.  \n􀁸 Review insurance policy requirements for the management portfolio with the Director of Housing and provide proof of insurance as required to lenders and other agencies. Oversee the response to our insurers for insurance claims/suits against the entities or with adjusters and agents for damage claims from storm, flood, fire, wind, etc.  \n􀁸 Oversee management’s correction of issues and written responses to all building and unit inspections including HQS, insurance, and lender/syndicator as well as tenant file reviews to maintain rental subsidies.  \n􀁸 Oversee management compliance with LL87 & LL84 .  \n􀁸 Oversee management’s corrections of violations such as ECB, DOB, HPD code, elevator, boiler and sprinkler violations issued by government agencies. Monitor EMPower database of violations and their removal.  \n􀁸 Setup organizational protocols to ensure the flow of information between Housing Development, and Finance Department from project inception through construction, management and disposition  \nSUPERVISORY RESPO","cbCaid8wUOb3dSoT","https://ap.wps.com/l/cbCaid8wUOb3dSoT","pdf",144019,"English","# Agency Description\n# Job Description\n# Duties and Responsibilities\n# Supervisory Responsibility\n# Requirements\n# Work Environment\n# Physical Demands\n# Position Type and Expected Hours of Work","[{\"question\":\"What is the main purpose of the Asset Manager role in this job description?\",\"answer\":\"The role focuses on recommending asset acquisitions and managing a real estate asset portfolio to increase value and minimize risks.\"},{\"question\":\"Which compliance and reporting responsibilities are emphasized?\",\"answer\":\"The position requires maintaining regulatory, lender, and tax compliance across subsidiary entities and overseeing quarterly/annual financial reports, audits, certified rent rolls, and submissions to relevant government and funding partners.\"},{\"question\":\"What qualifications and skills are required for candidates?\",\"answer\":\"A bachelor’s degree is required, preferably in related fields, along with 3–5+ years of professional experience. Candidates must have strong organization and communication skills, proficiency with MS Word/Excel/Outlook, and familiarity with real estate terminology and affordable housing programs.\"}]","Asset Manager - Real Estate Job Description | PDF",1789322645]