Sr. Manager, Asset Resolution

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging.

Join us at enterprisecommunity.org

Working at Enterprise

At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey.

Enterprise offers career opportunities in our with an.

Job Description Summary

The Senior Manager, Asset Resolution will provide support for advanced problem-solving function for the Asset Resolution team, focusing on resolving issues on troubled low income housing investments in coordination with our National Field Operations team. The principal goal is to maintain the viability, quality and affordability of Enterprise investment in low income housing properties. This position can be located in any Enterprise office but we are open to remote only for the right candidate.

Job Description

Responsibilities:

• Manage real estate portfolio of approximately 15 properties where Enterprise provides asset management for syndicated funds, focusing solely on troubled real estate;
• May oversee a small portfolio of Real Estate Owned (REO) properties where an Enterprise entity has assumed a General Partner interest in order to protect the interests of investors and preserve the housing for the tenants;
• Work with General Partner/Sponsors, funders and regulatory agencies to find solutions to on-going problems; solutions may include removal of property management firms, removal of General Partner entities; restructuring debt;
• Evaluate past and forecast future property performance, and performance of its sponsors and management agents;
• Identify, communicate and work to mitigate risks/problems via reporting tools and information gained through communications with general partners, property managers, and via on-site visits; Complete all necessary internal and external reporting requirements;
• Determine property capital and funding needs to ensure long term viability of the asset;
• Negotiate workout strategies with general partners, lenders, public sector entities and investors as appropriate;
• Conduct project site visits, tenant file reviews, review property management systems, review organizational systems and provide technical assistance if appropriate;
• Work with Regional Asset Management team to develop communication strategies with large partners;
• Interface with National Field Operations Senior Directors regularly including during project performance reporting cycles and standard financial reporting periods;
• Complete internal and external reports accurately and meet all deadlines;
• Interact with Enterprise staff to provide accurate and timely information;
• Performs other duties as assigned.

Qualifications and Skills

• 5-10+ years experience with real estate, housing programs, finance, accounting, law, and/or property management.
• Master's degree or equivalent is preferred, preferably in real estate, finance, accounting or related field.
• Strong financial analysis skills.
• Familiarity with loan documents, partnership agreements, contracts and other legal documents is required.
• Knowledge of real estate and LIHTC are preferred.
• Strong computer skills are required; thorough knowledge of Salesforce, Workday, MS Word, MS Excel, and MS Outlook are preferred.
• Ability to adjust quickly to changing priorities and circumstances is required.
• Ability to work evening and weekend hours during peak periods is required.
• Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines.
• Must be highly motivated.
• Must be able to work independently with a minimum of supervision.
• Must demonstrate strong interpersonal skills working with a wide variety of professional and non-professional personnel.
• Strong problem solving and negotiating skills are required.
• Must possess strong written and oral communication skills.
• Able to travel as necessary to accomplish the goals for the position.
• Incumbent is expected to demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member.

Physical Demands/Working Conditions

• Ability to work under stress/pressure.
• Ability to travel for flights up to 6 hours, or in automobile, or train.
• Ability to climb stairs offsite at project sites.
• When visiting project sites, incumbent may be exposed to varying environmental conditions (e.g. outdoor weather, dirt, dust, and other construction work site hazards).
• Valid driver's license required.

Total Rewards at Enterprise:

You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing.

Enterprise offers a comprehensive total rewards package for you and your family.

The base salary for this role is $115,000 to $130,000, depending on level of skills and experience.

The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs.

At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care. Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits. We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions. Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others.

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