Asset Manager
Company: Wallick Communities
Location: New Albany
Posted on: February 2, 2025
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Job Description:
Description
Wallick Communities, an employee-owned company, gives low-income
families and senior citizens a place called "home" - thanks to five
decades of experience in developing, building, managing, and
overseeing affordable multi-family housing and assisted-living
communities across the mid-west.
• 55 years serving our communities
• 20,000+ residents call our community's home
• 5 states and growing
• Employee owned with 1000+ associates
Wallick Mission : Opening doors to homes, opportunity, and
hope.
Wallick Values : Our Values flow directly from our Mission and set
the expectation for how all associates work together. These values
are:
• Care
• Character
• Collaboration
Wallick's employee stock ownership plan (ESOP) allows you to be a
shareholder and benefit from our company's profitability. As an
employee-owner, you can enjoy a valuable source of retirement
income and feel more invested in our mission. Join us and become a
partner in creating thriving communities.
The work - How you will contribute : In accordance with the Wallick
Mission and Values, act as the Owners' representative to ensure the
asset is meeting the financial and compliance commitments,
monitoring the long-term viability, and creating value through
strategic decisions. This role will manage around 30 properties,
ensuring the asset is sustainable over time.
Essential Functions and Responsibilities:
Review and approve annual strategic, operating and financial plans
and budgets for the portfolio with Affordable Housing
Operations
• Review and approve audit reports and tax returns for assigned
portfolio which includes a combination of subsidized and tax credit
properties
• Understand partnership documents and loan documents as they
relate to all aspects of the asset
• Calculate annual cash flow distributions for the Wallick owned
portfolio
• Meet regularly with Affordable Housing Operations to discuss
operating results, variances to budget and strategize on
opportunities for property performance improvement
• Analyze business operations, trends, expenses, revenue, and
financial commitments to project future revenue and expenses
• Create plans, set goals, and measure results for troubled
assets
About You:
You have a bachelors degree in finance or a related field, and 3 or
more years of experience in an asset management or similar role
within the multi-family real estate industry.
• An intermediate understanding of accounting and finance is
required.
• A basic knowledge of applicable laws and regulations governing
public housing is a plus.
• Should be familiar with some type of automated accounting
software, in addition to Microsoft Office software.
• Must possess the ability to read and analyze financial reports
and other accounting data.
• Must be able to respond to inquiries from assigned properties and
co-workers.
• Must possess the ability to effectively present information to
management.
• Must possess the ability to apply advanced mathematical concepts
and operations to tasks.
• Make complex decisions requiring some judgment.
• Decisions may affect internal departments and/or assigned
properties.
Benefits:
Diversity, equity, inclusion, plus belonging. Four impactful words.
One powerful and transformative journey. Here at Wallick, we know
that when we invest in the equity of each group, all groups
benefit. It's not about one person, one idea, nor any one action.
It's about what we can accomplish together. Join us and work
towards creating an inclusive and diverse workforce experience at
Wallick. We are an equal opportunity employer.
Candidates must successfully pass a pre-employment drug screen and
background check.
Keywords: Wallick Communities, Columbus , Asset Manager, Accounting, Auditing , New Albany, Ohio
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