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Director of Asset Management

Company: Evernorth
Location: Portland
Posted on: May 10, 2022

Job Description:

Evernorth is hiring If you are looking to join a growing organization that has great pay and benefits, check us out. We are looking for an Director of Asset Management in Portland, Maine. We support a hybrid work environment and are an equal employment opportunity employer. The Director of Asset Management has principal responsibility to provide the company---s asset management services, consistent with best practices in the affordable housing finance industry. This position directs departmental functions, oversees performance of invested assets, mitigates risk, and deploys resources. This position hires and develops department staff. The Director is a primary representative of the department to stakeholders. The Director clarifies department goals and policies, develops procedures, maintains information systems and manages quality control. Key competencies include leadership and communication skills, performance and financial analysis, personnel management, process administration and problem-solving aptitude. The position also requires substantive knowledge of affordable housing operations and programs, as well as LIHTC industry standards and regulatory environment. Reports to: Vice President, Asset Management Supervises: Portland Department staff Representative Responsibilities Department Operations Direct staff execution to actively manage invested assets throughout their life cycle; ensure completion of deliverables related to corporate investment management obligations. Conduct regular periodic collection, analysis and reporting of performance results by investment properties and partnerships. Monitor regulatory compliance by investment partnerships, enact corrective measures and maintain appropriate records Ensure periodic updated risk analysis of invested assets; mitigate operating risk and maintain investment return; assess problems and enact corrective steps. Track and report on asset life cycles and delivery of key performance benchmarks; coordinate information exchange with other departments, partners and investors. Oversee maintenance and data integrity of asset management records and systems. Represent investors in enforcement of contractual rights and decision-making regarding invested assets; uphold company---s fiduciary and contractual duties to investors and partners. Leadership Represent Asset Management department with key stakeholders. Develop and implement procedures and policies consistent with best industry practices. Propose funding and allocate resources for department operating and capital budgets. Stay current on industry knowledge and trends; advise colleagues on affordable housing programs, standards, regulations, and best practices. Deliver service initiatives and education to external stakeholders. Enact decision-making on investors--- behalf in administration of partnership contractual rights and obligations. Supervision Recruit, direct, supervise, coach and evaluate Asset Management staff. Supervise contractual engagement of professionals to support asset management needs. Provide internal and external technical assistance and performance assessments related to property management. Team & Culture Ensure that department staff work effectively and supportively as a team. Collaborate with VP Asset Management in analysis and negotiation of transactions which impact investment risk or return and require investor action or approval. Collaborate with President, SVP and other senior managers to meet corporate mission and performance goals. Uphold corporate principles of respect, service, value, and partnership. Carry out other duties as assigned. Work Environment The position involves a high degree of interaction with senior managers and the President, and regular interaction with EN---s investors and Board of Directors. It involves extensive interaction with external stakeholders, professionals, and industry organizations. It requires extensive use of information technology and interpretation of relevant documentation within an office setting. It requires regular travel in Maine and New Hampshire, and periodically within New England and nationally. It may require attending meetings outside of traditional business hours. Education, Experience, Knowledge, and Conditions Required Bachelor---s degree. Five years--- comparable experience in financial services, real estate investment management, or nonprofit affordable housing. Proficiency in computer applications, including Microsoft and Excel. Broad personnel management experience. Excellent organizational and interpersonal skills, attention to detail, and logical reasoning capacity. Current driver---s license and/or ability to travel to properties, meetings, and conferences. Willingness to undergo criminal background check. Preferred Master---s degree in business administration, accounting, finance or related field. Expertise in affordable housing property management or LIHTC asset management. Familiarity with information management or database tools. Job Type: Full-time

Keywords: Evernorth, Portland , Director of Asset Management, Executive , Portland, Maine

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