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Regional Property Manager

Company: Somerset Pacific, LLC
Location: Garden City
Posted on: July 13, 2019

Job Description:

POSITION SUMMARY The Regional Manager provides supervision and direction for the overall operation of a definite region assigned by Somerset. The Regional Manager is expected to take a hands-on approach in budgeting, talent acquisition, and supervision of all subordinate staff. This will include enforcement of policies, procedures, and compliance with all section 42 LIHTC codes, Rural Development/MINC and programs set forth by Somerset. The overall goal is to assure that all staffing needs are met, that all properties are well managed, fully occupied, and well maintained. The Regional Manager will place maximum emphasis on a positive response to the concerns and needs of staff and residents, environmental health and safety, and quality programs, in coordination and conjunction with Somerset's goals and objectives. ESSENTIAL FUNCTIONS Essential Functions Statements Aggressively manage Affordable Housing portfolioWork directly with President, Operations Manager and on-site teams to maintain and improve the value of the assetsBuild strong on-site management teams through coaching and motivationMaximize the financial returns of properties and personnel.Increase/Maximize cash flowProperty administration including management planning, hiring, training, supervising and developing personnelCreate innovative marketing plans to reach the target marketDevelop strategies to improve performance at the property levelIncrease portfolio occupancy and incomeAssists in Preparation of annual budget and makes recommendations regarding the operating plans and capital improvement projects for each property, and monitors budget compliance and operating plans throughout the year.Performs duties normally associated with a supervisory position, such as hiring, training, coaching, performance management, disciplinary counseling and termination of subordinates. Provides guidance to property managers on such matters.Maintains an open door policy to address employee issues and concerns.Stays abreast of all changes and requirements of Section 42 LIHTC program and other housing programs. POSITION QUALIFICATIONS Competency Statements Section 42, HOME and RD/MINC Compliance - Knowledge of Section 42 (m)(i)(B)(iii) of the Internal Revenue Code housing credit program as HUD's HOME Program and Rural Development. Must be proficient in the creation and maintenance of Somerset's Housing Tax Credit Allocation Plan and the creation of a procedure to monitor all tax credit projects for compliance with the requirements of Section 42, the Housing Tax Credit Program (HTC). Must be knowledgeable in the operations and policies for implementing procedures for the HOME and Rural Development Programs and keep properties in compliance at all times.Change Management - Ability to encourage others to seek opportunities for different and innovative approaches to addressing problems and opportunities.Decision Making - Ability to make critical decisions while following company procedures.Sales Ability - Ability to use appropriate interpersonal styles and communication methods to gain acceptance of a product, service, or idea.Accountability - Ability to accept responsibility and account for his/her actions.Detail Oriented - Ability to pay attention to the minute details of a project or task.Honesty / Integrity - Ability to be truthful and be seen as credible in the workplace.Conceptual Thinking - Ability to think in terms of abstract ideas.Customer Oriented - Ability to take care of the customers' needs while following company procedures.Safety Awareness - Ability to identify and correct conditions that affect employee safety.Time Management - Ability to utilize the available time to organize and complete work within given deadlines.

Keywords: Somerset Pacific, LLC, Boise , Regional Property Manager, Executive , Garden City, Idaho

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