Asset Management Analyst

Minneapolis, MN

Accepting applications until filled

Who We Are

Project for Pride in Living, Inc. (PPL) is a nonprofit organization dedicated to empowering low-income people to become self-reliant through integrated services. When joining PPL, you become a part of a diverse team whose person-centered approach to services ensures individuals and families receive the housing and ecosystem of support they need to achieve greater stability now and for the next generation. We are eager to welcome new team members dedicated to serving our residents and pursuing our mission to build the hope, assets, and self-reliance of individuals and families who have lower incomes by providing transformative, affordable housing and employment readiness services. PPL strives to be an equitable and inclusive organization committed to elevating the voices of the communities we serve that are disproportionately affected by systemic inequities.

Job Summary:

PPL is in search of an Asset Management Analyst. This person will support the Asset Management Department activities in representing PPL’s interests in all owned real estate, including operating rental properties (residential and commercial) and administrative buildings, and maintaining the value of the real estate as assets to the organization and to their communities. The Asset Management Analyst collaborates with the Director of Asset Management, and members of the Housing Development and Property Management Departments, in matters pertaining to property and portfolio performance, investor relations, capital planning and, tax and insurance analysis and special initiatives.

The Asset Management Analyst has strong experience reading and interpreting documents related to the Asset Management position such as property records, income/expense reports, budgets, and insurance and property tax information; ability to write proposals, reports and correspondence; ability to speak effectively before staff members, developers, and other stakeholders in a variety of other public speaking situations.

Job duties and responsibilities include:   

  • Monitor performance of portfolio including financial performance, physical condition and capital expenditures, and funding specific obligations.
  • Report to limited partners and funders as required; maintaining all partnership relationships.
  • Review insurance and property tax status of properties in the portfolio taking measures to assure proper insurance coverage and tax classification and valuations.
  • Managing property insurance claims, losses and repairs, in coordination with Property Management and Maintenance staff, Accounting and outside consultants.
  • Oversee maintenance of the portfolio capital needs database and assessment tool. 
  • Assist in the development of Asset Management Plans for each owned property, clarifying management priorities consistent with PPL mission, capital replacement projections and reserve needs analysis and deposits, and any disposition strategies.
  • Record or cause to be recorded all financial matters pertaining to new projects and/or new debt
  • Review, and implement new financing or ownership structures for existing portfolio, as appropriate.
  • Maintain all property records in a well organized, easy to retrieve system, for legally required time periods.
  • Apply strategic thinking and analysis to various projects and components of the portfolio.

A detailed job description is available upon request or when selected for the next phase of the hiring process. 

Minimum Requirements:

  • 3-5 years experience in asset or property management or other closely related field.
  • Proficient in navigating spreadsheet and accounting software programs.
  • Financial analysis and project management skills.
  • Knowledge of real estate financing and accounting.
  • Familiarity with low income housing funding mechanisms, including operating subsidy programs.
  • Excellent communication skills, written and oral.
  • Must have valid Minnesota drivers’ license and able to drive to inspect sites.
  • Must be fully vaccinated for COVID-19

Benefits:   

Employer-sponsored health & dental insurance; employer-paid short & long term disability insurance, life insurance, and paid parental leave. Voluntary life insurance; Health Savings Account (HSA) or Flexible Spending Account (FSA); PTO & Paid Holidays; 403(b) retirement plan with employer match; summer half-day Fridays; an impactful presence in an organization that makes a difference in many lives.

Salary: $62,000-$68,000/Yr., DOQ 

A hybrid remote/in-person model will be used during the COVID-19 pandemic. COVID-19 vaccination documentation or an approved medical or religious exemption, are required upon start date.

Application Process: 

Qualified candidates can apply online. Include a cover letter and resume. The process includes phone screens and virtual/ in-person interviews, references, and background checks for final candidates.

PPL strives to be an equitable and inclusive organization committed to elevating the voices of the communities we serve those who are disproportionately affected by systemic inequities. Persons of color, women, members of the LGBTQ community, veterans, and individuals with disabilities are strongly encouraged to apply. 

PPL is an EEO/AA employer. PPL participates in the federal E-verify program to confirm the identity and employment authorization of all newly hired employees.

In compliance with the Americans with Disabilities Act, the organization will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.