HomeSight
The Executive Director of HomeSight is expected to have an unwavering commitment to promoting social and economic equity, resulting in enhanced economically and culturally diverse communities. This vision is achieved through the promotion and support of affordable homeownership, business development, and community advocacy. The leader in this role, will not only serve as community leader, internally, the Executive Director will be responsible for implementing operational policies and procedures. The Executive Director must have strong public communication skills, strong financial management skills, as well as dynamic people / leadership skills.
EXPECTATIONS OF THE ROLE
In partnership with the Board of Directors, set strategic direction for the organization.
Have an unwavering commitment to being a visible and accessible community and economic development leader
Effectively work with community to create mixed use community development projects. Responsible for overall operations, budget and personnel management, insuring financial integrity for the organization
Manage operational processes against strategic plans
Oversee performance on all initiatives
Creates and maintains positive team culture, resulting in high employee satisfaction and retention
Works to deepen the organization’s connection with community organizations
Supports and encourages a culture of continuous improvement
In conjunction with the Board of Directors, create fundraising strategies to ensure sustainability for HomeSight and community development partners
REQUIRED SKILLS, ATTRIBUTES AND EXPERIENCE
Vision and Strategy
Understand and have experience working with a Board of Directors to set vision and strategy
Leadership
Proven ability to ensure strong operational infrastructure including but not limited to establishing and maintaining sound policies, procedures and internal controls
Technical / Subject Matter Expertise
Proven experience working as a champion and leader in community development
Real estate development and first mortgage lending experience (origination, sales or servicing)
Experience in equitable transit-oriented development (mixed income and mixed use)
Working knowledge / familiarity with homeownership in the Seattle and Pacific Northwest region
Fund Development
Experience developing and nurturing relationships with funding entities – public and private
Has working relationships with local and national funders
Experience with capital campaigns
People Management
Experience managing work teams
Proven experience supporting staff and staff-led initiatives
Empowerment of staff at all levels
Demonstrated ability to be fair and transparent
Experience in performance management and a commitment to professional development
Relationships and Community Impact
Ability to focus on increasing broad resources for the community as a whole, rather than being focused specifically on internal sustainability
Proven community development leader
Experience building trust and nurturing relationships with POC-led organizations and communities of color
Commitment to Social and Racial Equity
Have a strong racial and social equity lens as well as a working understanding of power dynamics
Commitment to working to dismantle systemic racism
Values and demonstrates a commitment to addressing racial and social justice equity issues internally and externally
Other Skills, Attributes and Qualities
Innovative and entrepreneurial
Servant leader
Demonstrated ability to persevere and act with determination on long range projects and initiatives
Positive frame of mind, common sense, patience and persistence
Ability to inspire others
Highly values integrity and ethics
Sense of humor
Value reciprocal accountability
Humility in being an active listener
Passion and sophistication
MINIMUM REQUIREMENTS
10+ years of demonstrated progressively responsible experience in professional positions relating to nonprofit management – including but not limited to:
Fiscal management
People management
Fundraising
Program design and implementation
5+ years of experience working as a champion for community / economic development, homeownership and mortgage lending preferred.
The Executive Director of HomeSight is expected to have an unwavering commitment to promoting social and economic equity, resulting in enhanced economically and culturally diverse communities. This vision is achieved through the promotion and support of affordable homeownership, business development, and community advocacy. The leader in this role, will not only serve as community leader, internally, the Executive Director will be responsible for implementing operational policies and procedures. The Executive Director must have strong public communication skills, strong financial management skills, as well as dynamic people / leadership skills.
EXPECTATIONS OF THE ROLE
In partnership with the Board of Directors, set strategic direction for the organization.
Have an unwavering commitment to being a visible and accessible community and economic development leader
Effectively work with community to create mixed use community development projects. Responsible for overall operations, budget and personnel management, insuring financial integrity for the organization
Manage operational processes against strategic plans
Oversee performance on all initiatives
Creates and maintains positive team culture, resulting in high employee satisfaction and retention
Works to deepen the organization’s connection with community organizations
Supports and encourages a culture of continuous improvement
In conjunction with the Board of Directors, create fundraising strategies to ensure sustainability for HomeSight and community development partners
REQUIRED SKILLS, ATTRIBUTES AND EXPERIENCE
Vision and Strategy
Understand and have experience working with a Board of Directors to set vision and strategy
Leadership
Proven ability to ensure strong operational infrastructure including but not limited to establishing and maintaining sound policies, procedures and internal controls
Technical / Subject Matter Expertise
Proven experience working as a champion and leader in community development
Real estate development and first mortgage lending experience (origination, sales or servicing)
Experience in equitable transit-oriented development (mixed income and mixed use)
Working knowledge / familiarity with homeownership in the Seattle and Pacific Northwest region
Fund Development
Experience developing and nurturing relationships with funding entities – public and private
Has working relationships with local and national funders
Experience with capital campaigns
People Management
Experience managing work teams
Proven experience supporting staff and staff-led initiatives
Empowerment of staff at all levels
Demonstrated ability to be fair and transparent
Experience in performance management and a commitment to professional development
Relationships and Community Impact
Ability to focus on increasing broad resources for the community as a whole, rather than being focused specifically on internal sustainability
Proven community development leader
Experience building trust and nurturing relationships with POC-led organizations and communities of color
Commitment to Social and Racial Equity
Have a strong racial and social equity lens as well as a working understanding of power dynamics
Commitment to working to dismantle systemic racism
Values and demonstrates a commitment to addressing racial and social justice equity issues internally and externally
Other Skills, Attributes and Qualities
Innovative and entrepreneurial
Servant leader
Demonstrated ability to persevere and act with determination on long range projects and initiatives
Positive frame of mind, common sense, patience and persistence
Ability to inspire others
Highly values integrity and ethics
Sense of humor
Value reciprocal accountability
Humility in being an active listener
Passion and sophistication
MINIMUM REQUIREMENTS
10+ years of demonstrated progressively responsible experience in professional positions relating to nonprofit management – including but not limited to:
Fiscal management
People management
Fundraising
Program design and implementation
5+ years of experience working as a champion for community / economic development, homeownership and mortgage lending preferred.
Bellwether Housing
Seattle, WA, USA
The Senior Asset Manager is part of the Accounting and Finance Department and collaborates closely with the Property Management and Real Estate Development departments to ensure the long-term financial sustainability of our diverse portfolio of multi-family, affordable housing developments. The Senior Asset Manager will track the financial performance of each asset and provide reports to other departments to inform key property management, development and re-capitalization decisions. The Senior Asset Manager will also be responsible for ongoing reporting to lenders and equity investors with respect to various financial metrics of each asset. This position supervises the Asset Management staff and provides oversight on the following responsibilities:
Financial Analysis and Reporting:
• Provides professional expertise in finance, accounting, and long-term asset management to support the real property management and financial reporting functions of Bellwether Housing's building portfolio.
• Provides analyses, forecasts, and tracking to alert Portfolio Managers and stakeholders to trends and events affecting Bellwether's properties.
• Develops and maintains portfolio performance measurement tools for analyzing property operating performance, cash flow, debt structures, and reserve accounts.
• Conducts iterative stakeholder conversations with other teams, investors, lenders and leadership to confer about organizational needs and identify opportunities for optimizing asset performance.
• Assists Portfolio Managers in developing annual building operations budgets to meet targeted debt service coverage ratios and other benchmarks.
• Monitors and forecasts reserve levels, capital accounts, and cash flow. Evaluates cash flow and reserve projections to ensure that each property will meet cash flow targets and compliance with financial covenants.
• Works with the insurance broker to ensure proper insurance coverage while mitigating risks for the building portfolios.
• Monitors and manages property valuations, assessments, and payments.
• Identifies, tracks, and monitors waterfall payment priorities.
• Supervises the Asset Management Specialist position.
External Communication and Relationship Management:
• Acts as a strategic partner to Real Estate Development in regard to property acquisition and due diligence.
• Ensures that Bellwether meets stakeholder requirements and expectations by monitoring and coordinating financial compliance submissions and preparing forecasts.
• Facilitates approval process with lenders and/or investors for capital work, reserve draws, financing, and other items required under the property's governing documents.
• Prepares quarterly reports and dashboards that summarize the financial status of assets for Leadership Team and Board of Directors.
Long-Range Planning:
• Works in collaboration with Real Estate Development and Property Management to create accurate operating expense and debt service proformas and long-term strategic plans for new properties.
• Researches partnership agreements, financing documents, regulatory agreements, leases, tax returns, and other documents to determine constraints and barriers to long-term needs.
• Partners with Sr. Facilities Manager, Portfolio Managers, and Director of Real Estate Development to create and maintain a comprehensive asset management strategy for each property.
• Monitors debt maturities and strategizes refinancing options and debt pay-offs.
Requirements
Minimum Requirements:
• Bachelor's Degree in accounting, finance, and/or related field and 7+ years of progressively responsible experience in financial analysis, asset or property management, accounting, finance, lending, or related work.
• Ability to read and understand real estate finance and partnership documents.
• Proven ability to engage collaboratively with leaders from other departments.
• Effective verbal and written communication and relationship building skills.
• Working knowledge of the principles of accounting.
• Knowledge of capital funding, operating subsidies, and rental assistance.
• Demonstrated experience developing and working with operating and development budgets for multi-family housing.
• Excellent analytical, problem solving, and decision-making skills.
• Proven ability to organize multiple projects.
• Proficient in MS Office, including the ability to develop advanced spreadsheets, manage databases, and produce meaningful charts and graphs.
Desired Qualifications:
• Accounting, finance or asset management experience with a real estate organization that manages affordable housing.
• Exposure to public and private funding sources used to develop affordable housing.
• Asset Management Specialist (AMS) or Certified Housing Asset Manager (CHAM) Certification.
• Familiarity with accounting general ledger and financial reporting software.
Other Position Requirements:
• Candidates selected for this position must pass a criminal history background check prior to employment with Bellwether Housing.
• A personal vehicle is not a requirement of this position. However, if using a personal or company-owned vehicle in the performance of job duties associated with this position, incumbent must possess and maintain a valid Washington State Driver's License, the appropriate amount of automobile insurance, a safe driving record.
Compensation: $95,000 - $105,000, depending on experience
Schedule: Monday - Friday, 8:00am - 5:00pm
The Senior Asset Manager is part of the Accounting and Finance Department and collaborates closely with the Property Management and Real Estate Development departments to ensure the long-term financial sustainability of our diverse portfolio of multi-family, affordable housing developments. The Senior Asset Manager will track the financial performance of each asset and provide reports to other departments to inform key property management, development and re-capitalization decisions. The Senior Asset Manager will also be responsible for ongoing reporting to lenders and equity investors with respect to various financial metrics of each asset. This position supervises the Asset Management staff and provides oversight on the following responsibilities:
Financial Analysis and Reporting:
• Provides professional expertise in finance, accounting, and long-term asset management to support the real property management and financial reporting functions of Bellwether Housing's building portfolio.
• Provides analyses, forecasts, and tracking to alert Portfolio Managers and stakeholders to trends and events affecting Bellwether's properties.
• Develops and maintains portfolio performance measurement tools for analyzing property operating performance, cash flow, debt structures, and reserve accounts.
• Conducts iterative stakeholder conversations with other teams, investors, lenders and leadership to confer about organizational needs and identify opportunities for optimizing asset performance.
• Assists Portfolio Managers in developing annual building operations budgets to meet targeted debt service coverage ratios and other benchmarks.
• Monitors and forecasts reserve levels, capital accounts, and cash flow. Evaluates cash flow and reserve projections to ensure that each property will meet cash flow targets and compliance with financial covenants.
• Works with the insurance broker to ensure proper insurance coverage while mitigating risks for the building portfolios.
• Monitors and manages property valuations, assessments, and payments.
• Identifies, tracks, and monitors waterfall payment priorities.
• Supervises the Asset Management Specialist position.
External Communication and Relationship Management:
• Acts as a strategic partner to Real Estate Development in regard to property acquisition and due diligence.
• Ensures that Bellwether meets stakeholder requirements and expectations by monitoring and coordinating financial compliance submissions and preparing forecasts.
• Facilitates approval process with lenders and/or investors for capital work, reserve draws, financing, and other items required under the property's governing documents.
• Prepares quarterly reports and dashboards that summarize the financial status of assets for Leadership Team and Board of Directors.
Long-Range Planning:
• Works in collaboration with Real Estate Development and Property Management to create accurate operating expense and debt service proformas and long-term strategic plans for new properties.
• Researches partnership agreements, financing documents, regulatory agreements, leases, tax returns, and other documents to determine constraints and barriers to long-term needs.
• Partners with Sr. Facilities Manager, Portfolio Managers, and Director of Real Estate Development to create and maintain a comprehensive asset management strategy for each property.
• Monitors debt maturities and strategizes refinancing options and debt pay-offs.
Requirements
Minimum Requirements:
• Bachelor's Degree in accounting, finance, and/or related field and 7+ years of progressively responsible experience in financial analysis, asset or property management, accounting, finance, lending, or related work.
• Ability to read and understand real estate finance and partnership documents.
• Proven ability to engage collaboratively with leaders from other departments.
• Effective verbal and written communication and relationship building skills.
• Working knowledge of the principles of accounting.
• Knowledge of capital funding, operating subsidies, and rental assistance.
• Demonstrated experience developing and working with operating and development budgets for multi-family housing.
• Excellent analytical, problem solving, and decision-making skills.
• Proven ability to organize multiple projects.
• Proficient in MS Office, including the ability to develop advanced spreadsheets, manage databases, and produce meaningful charts and graphs.
Desired Qualifications:
• Accounting, finance or asset management experience with a real estate organization that manages affordable housing.
• Exposure to public and private funding sources used to develop affordable housing.
• Asset Management Specialist (AMS) or Certified Housing Asset Manager (CHAM) Certification.
• Familiarity with accounting general ledger and financial reporting software.
Other Position Requirements:
• Candidates selected for this position must pass a criminal history background check prior to employment with Bellwether Housing.
• A personal vehicle is not a requirement of this position. However, if using a personal or company-owned vehicle in the performance of job duties associated with this position, incumbent must possess and maintain a valid Washington State Driver's License, the appropriate amount of automobile insurance, a safe driving record.
Compensation: $95,000 - $105,000, depending on experience
Schedule: Monday - Friday, 8:00am - 5:00pm
