Job Description:

The Preservation Equity Fund, a private equity vehicle for CRA investors, is WNC’s newest product offering. The Fund focuses on preserving California’s affordable housing communities nearing their tax credit compliance period. The Fund executes its strategy by providing LP capital and/or directly acquiring the communities. We are looking for a leader to successfully manage the portfolio on a day-to-day basis.

Position Responsibilities:

  • Run the business of asset management on a day-to-day basis.
  • Develop and execute annual operating budgets, cost control measures, capital investment plans, and risk management metrics with the goal of maximizing asset value.
  • Work with acquisitions in underwriting and due diligence for new investment opportunities.
  • Manage takeovers and transitions of new acquisitions.
  • Conduct site inspections and coach on-site staff on a regular basis.
  • Develop strategic, positive relationships within our industry (lenders, property management, consultants, etc.).
  • Participate in appropriate industry associations, networking events and conferences.

Qualifications:

Ideal candidate will have a bachelor’s degree, MBA or CFA a plus, with significant knowledge of market-rate housing operations and some knowledge of affordable housing operations. Excellent organizational and leadership skills with attention to detail; exemplary oral and written communication skills are essential for success.

  • A goal oriented, results driven individual who thrives in entrepreneurial environments.
  • A professional within market-rate multifamily management operations.
  • A natural problem-solver, who can easily identify issues, develop solutions, and implement business plans for quality and excellent operations.
  • An active communicator, who can interact with team members, fund investors, investment partners, third-party consultants, and property management in a strategic and friendly manner to foster teamwork and execution.
  • A proven leader in providing direction and knowledge to accomplish performance goals.
  • An analytical thinker with curiosity to process market and performance data for recommendations.
  • A multi-tasker comfortable with shifting priorities and taking responsibility for your actions and decisions.
  • A genuinely caring person with integrity, who can build and nurture strong relationships with investors and team members.

Here’s why it’s awesome to be on Team WNC:

  • Value based culture that attracts and keeps talented people.
  • Medical, dental and vision benefits.
  • No cost life insurance and long-term disability.
  • 401(k) match.
  • 10 holidays and paid time off (PTO).
  • Employee Appreciation Week.
  • Designated community involvement days during workweek.
  • Casual dress attire.

Please e-mail salary history along with resume to hr@wncinc.com.