Vice President of Portfolio Management

POSITION SUMMARY: The over‑riding responsibility of the Vice President of Portfolio Management is to preserve and enhance the financial, social and physical value of CCF’s real estate portfolio. The Vice President of Portfolio Management exercises this responsibility through the leadership, management and oversight of four essential portfolio sub‑functions: Asset Management, Risk Management, Property Management and Community Services. Combined, these essential sub‑functions continually oversee the daily operations of every site, monitor financial performance of each property, plan and guide the long‑term financial and physical health of the portfolio, develop and implement recovery plans for troubled properties, resolve complicated compliance matters, ensure the provision of LURA‑required and CCF signature tenant services, communicate with multiple investors and property lenders, mitigate risk and manage insurance coverage. The Vice President of Portfolio Management position is a new position, meant to unify all portfolio sub‑functions under one C‑suite level leader. It is a demanding position with a high degree of responsibility, thereby requiring an individual with extensive affordable housing development experience, seasoned financial and analytical skills, proven problem‑solving prowess, savvy political skills, detailed coordination, considerable vision and strong people skills. PRINCIPAL RESPONSIBILITIES AND DUTIES include the following. Others may be temporarily or permanently assigned.

PORTFOLIO LEADERSHIP: PERSONAL QUALITIES, VISIONING, PLANNING AND MANAGEMENT

Key Responsibilities: Demonstrate a heart‑driven commitment to social justice through the strategic management of CCF’s real estate portfolio. Foster collaboration across diverse communities, stakeholders, and partners. Achieve the VPPM BHAG: A self‑sustaining portfolio contributing at least $3M annually to CCF’s growth and resident success by December 31, 2028. Collaborate with the President and COO to define and measure strategic portfolio goals. Establish BHAGs and annual objectives for each sub‑function; lead operational planning and reporting cycles. Conduct monthly Management by Objectives and Results (MOR) meetings with sub‑function leaders and executive leadership. Evaluate and optimize the organizational structure of Portfolio Management and its sub‑functions. Approve underwriting for new and existing developments to ensure long‑term portfolio health. Oversee administrative budgets and recommend resource allocation across divisions. Coordinate the transition of new projects from development to stabilization. Drive continuous improvement and innovative revenue generation strategies across the portfolio. Asset Management Asset Management is a sub‑function directly in support of the Portfolio Management work. The Vice President of Portfolio Management leads, oversees and supports a four‑member Asset Management team through the following responsibilities and duties: Lead and support the four‑member Asset Management team in achieving its BHAG: Ensure the long‑term fiscal and physical health of the portfolio by December 31, 2028. Oversee all asset management operations, including property performance, lender/investor relations, compliance, and financial reporting. Review and approve portfolio budgets, underwriting, and compliance plans. Resolve underperforming properties through financial restructuring, lender negotiations, or strategic dispositions. Coordinate closely with Finance and Property Management to align cash flow management and budget performance. Risk Management is a sub‑function directly in support of the Portfolio Management work. The Vice President of Portfolio Management leads, oversees and supports a two‑member Risk Management team through the following responsibilities and duties: Oversee the two‑member Risk Management team in achieving its BHAG: Generate at least $1M in annual savings through effective risk mitigation by December 31, 2028. Direct all aspects of corporate and property insurance programs, claims, safety, and loss control. Negotiate terms with brokers and carriers to optimize coverage and cost efficiency. Collaborate with General Counsel, HED, and Finance to minimize liability and ensure compliance. Develop and maintain forecasting tools to align risk exposure with portfolio growth. Property Management Asset Management is a sub‑function directly in support of the Portfolio Management work. The Vice President of Portfolio Management leads, oversees and supports a 166‑member Property Management team through the following responsibilities and duties: Provide executive oversight to a 166‑member Property Management team responsible for daily operations of CCF’s real estate assets. Achieve and maintain a three‑year trailing Economic Occupancy rate of at least 93% by 2028. Oversee property operations, budget development, vendor management, training, tenant relations, and compliance. Ensure operational consistency, fiscal discipline, and service excellence across all properties. Foster strong relationships with community stakeholders, public agencies, and residents to enhance property stability and reputation. Community Services Community Services is a sub‑function directly in support of the Portfolio Management work. The Vice President of Portfolio Management leads, oversees and supports a 32‑member Community Services team through the following responsibilities and duties: Lead and support a 32‑member Community Services team focused on delivering high‑impact resident programs aligned with LURA and CCF standards. Achieve and maintain 90% compliance with Service Provision requirements by December 31, 2028. Guide the design, execution, and evaluation of community programs across regions. Collaborate with internal teams (HED, Compliance, Legal) and external partners to sustain and expand services. Oversee program budgets, staffing, and new service launches for both existing and developing sites. Supervisory Responsibilities The VPPM directly and indirectly oversees a broad team of professionals and support staff. Responsibilities include: Recruiting, selecting, and developing talent. Establishing performance goals and conducting evaluations. Implementing retention and succession strategies. Managing corrective actions, conflict resolution, and terminations in compliance with CCF policies and applicable laws. Motivating staff to embody CCF’s mission and pursue continuous excellence.

Education & Experience: Minimum 15 years of progressive experience in affordable housing development and management, including multi‑state operations. Bachelor’s degree required; Master’s in Urban Planning or Real Estate Development preferred. Education requirements will be waived for CCF employees meeting the 15 years‑experience requirement. Deep knowledge of LIHTC (9% and 4%), HOME, CDBG, AHP, HUD financing, and other funding sources. Proven experience supervising multidisciplinary teams and managing large, complex portfolios. Ability to travel up to 25% of the time throughout the southwest.

Language Skills: Exceptional ability to analyze, interpret, and communicate complex financial, regulatory, and operational information. Strong written and verbal communication skills for executive audiences, public forums, and board presentations. Mathematical & Analytical Skills Advanced financial modeling and forecasting skills. Proficiency in statistical analysis, ratios, and real estate performance metrics. Ability to calculate amortizations, mortgage structures, and investment returns. Reasoning & Strategic Skills Strong critical thinking and problem‑solving capabilities. Proven ability to develop and execute complex strategic plans. Skilled negotiator capable of balancing mission and business priorities. Certificates & Licenses Valid Driver’s License required.

Salary and Benefits: Annual salary range $195,000 to $248,000 DOE.