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Asset Manager
Job
Morongo Band of Mission Indians
Banning, CA (In Person)
Full-Time
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Job Description
Reporting to the Executive Director of Real Estate & Development, the Asset Manager participates in developing, updating and implementing Morongo Band of Mission Indians strategic asset management plan. The plan provides a systematic approach to ongoing oversight of the Morongo Band of Mission Indians real estate portfolio acting as "owner representative," with involvement in all stages of real estate activities from pre-development through operations to ensure that the real estate assets achieve their goals in furtherance of organizational mission. The position is characterized by a high degree of initiative, responsibility, accountability, a strong technical aptitude and ability to work effectively with individuals and organizations with a wide variety of interests, issues and concerns. This role works in close coordination with the Finance, Legal and Realty teams. The Asset Manager also collaborates on compliance and reporting efforts, including relationships with agencies, investors and lenders. • Oversees the financial performance and stability of assigned properties by reviewing operating statements, budgets, audits, and forecasts. Prepares financial analyses and reports on reserves, cash flow, and key performance indicator metrics; approves operating and capital budgets; and serves as the primary financial liaison with lenders, investors, and public agencies throughout property operations. • Provide comprehensive oversight of a real estate portfolio by reviewing preventive maintenance schedules, identifying operational, maintenance, and safety needs, and coordinating third-party physical needs assessments. Develop and update capital replacement plans in collaboration with the Facilities Team. Conduct annual property inspections and ensure timely filing of welfare exemptions. Support compliance with lenders, investors, and regulatory requirements, particularly for Morongo properties. Organize and maintain project documentation and maintain up-to-date summaries of funder and investor requirements across the portfolio. • Support new development, recapitalization, and buyout activities by serving as a liaison between Finance, Legal, and Real Estate Development throughout pre-development, development, and lease-up. Review and provide input on asset management-related documents, including loan, partnership, and regulatory agreements. Monitor investor capital accounts and develop and maintain year-15 buyout plans for the portfolio. Manage refinancing processes and provide strategic recommendations to executive leadership regarding property repositioning, refinancing, and resyndication opportunities. • Manage annual insurance renewals for existing properties, new developments, and corporate entities, and serve as a liaison on property-related insurance incidents. Participate in companywide risk management by identifying and mitigating risks across the real estate portfolio. Serve as the primary point of contact for property management contracts and collaborate with applicable departments on capital improvement projects for existing sites as needed.