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Asset Manager

Req ID: 7791
Location: Chicago - Loop
# of Openings: 1
FT/PT: Full time
Employment Type: Regular
Salary Schedule:
Job Notes:


Summary:  The Asset Manager is responsible for the management of a predetermined subset of the portfolio of properties within the Heartland Housing broader portfolio. The Asset Manager is responsible for the day-to-day asset management of the property, inclusive of the financial performance as well as ensuring that all operational issues are addressed accordingly by our third party property management partner. The ideal candidate must possess a solid financial understanding, be organized and have effective communication skills.


Essential Duties and Responsibilities:

  1. Develop and implement annual asset level strategic plans, including hold/sell analysis
  2. Lead the research, analysis, and execution of asset level strategic initiatives incorporating all of aspects of the executed Property Management Agreement for each assigned property
  3. Engage and direct property managers in development of operating budgets including capital and leasing plans
  4. Oversee property level operating activities including supervision of third-party property managers and leasing agents
  5. Establish leasing objectives/guidelines, provide oversight of revenue management system/strategy, manage lease process as needed for mixed use assets, commercial spaces within our multifamily assets, and prepare execution recommendations to Director of Asset Management
  6. Oversee and direct the completion of quarterly valuations and cash flow forecasts
  7. Assist in economic underwriting and due diligence for wholly owned acquisitions and transition of acquisitions to Heartland Asset Management
  8. Direct and manage the internal process of obtaining required approval of all dispositions
  9. Participate in the strategic initiatives of the Development, Supportive Services, and Property Management and Asset management teams under the leadership of the Executive Director
  10. Manage the disposition process for wholly owned property sales as appropriate
  11. Identify and assist with the execution of property level financings and refinancing opportunities, tax credit adjusters, and other capital sources
  12. Review of financial reports to monitor performance and achieve investment objectives
  13. Participate in Investment Committee and client presentations
  14. Prepare client quarterly reporting for assets
  15. Other duties as assigned will occur that are related to the work we do for our mission to be successful.(do not change this one and ensure this one is your last task)


Cultural Attributes: To perform the job successfully, an individual should demonstrate the following attributes.

  • Accountability – Be responsive, responsible, resourceful, principled, and a problem-solver
  • Leadership – Take initiative, communicate effectively, delegate based on skills and interests, possess strategic thinking and acting; develop staff, foster teamwork
  • A Bias Toward Action - Advocate for services and policies that support healthier lives for the populations’; be decisive and take action when a problem arises, communicating with those impacted; be proactive, innovative, and consistently work to improve operations and outcomes, carrying out formal continuous improvement initiatives
  • Value centered – Ensure daily demonstration of Courage, Respect, Partnership, Integrity, DEI, and Excellence.

Qualifications:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Education and/or Experience: Bachelor’s degree required in finance or related focus with a minimum 5+ years of commercial or investment real estate experience, asset management experience preferred, with 3+ years of Multifamily asset management experience.
  • Other Skills/Experience:
    • Strong written/verbal communication skills
    • Self-starter with strong problem solving and quantitative skills
    • Interpersonal skills with an ability to interact with external and internal clients required
    • Ability to work well with others and manage/motivate junior staff
    • Ability to work well under pressure with multiple competing deadlines
    • Development and asset repositioning experience
    • Familiarity with revenue management systems
    • Willingness to travel
  • Computer Skills: 
    • Intermediate skills in MS Office Suite and Yardi a requirement.


Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • While performing the duties of this job, the employee is regularly required to talk or hear.
  • While performing the duties of this job, the employee is frequently required to sit; use hands to finger, handle, or feel and reach with hands and arms.
  • While performing the duties of this job, the employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch, or crawl.
  • The employee must occasionally lift and/or move up to 15 pounds.

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • The noise level in the work environment is usually moderate.

Heartland Alliance makes all hiring and employment decisions without regard to race, creed, color, age, gender, gender identity, marital or parental status, religion, ancestry, national origin, physical or mental disability, sexual orientation, sexual identity, immigrant status, political affiliation or belief, ex-offender status (depending on the offense and position to be filled), unfavorable military discharge, membership in an organization whose primary purpose is the protection of civil rights or improvement of living conditions and human relations, height, weight, or HIV infection, in accord with the Organization's AIDS Policy Statement of September, 1987. Individuals with disabilities requiring accommodation should contact the Employee Services Office at (312) 660-1431.


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Heartland Alliance requires all employees to be fully vaccinated against COVID-19 unless Heartland has approved a medical or religious accommodation for you consistent with applicable laws and regulations.