Asset Manager Job at Dorchester Bay Economic Development Corporation
Dorchester Bay Economic Development Corporation Dorchester, MA 02125
Do you want to work with a dynamic organization engaged in meaningful work to make Boston
better?
Does a commitment to equity and community motivate you personally and professionally?
Do you enjoy working with lending, property management and real estate development?
Dorchester Bay Economic Development Corporation (DBEDC) seeks an Asset Manager to join our Real
Estate Team.
The Organization and its Programs
DBEDC acts to build a strong, thriving and diverse community in Boston’s Dorchester neighborhoods.
We develop, preserve and sustain affordable housing for rent and for ownership. We create commercial
and economic development opportunities. We build community through community organizing and
civic engagement activities. We are focused on the concepts of equitable development without
displacement and providing opportunities for economic mobility.
Since our founding in 1979, DBEDC has developed and preserved over 1100 units of rental and
homeownership housing and 200,000 square feet of commercial space. We have created around 1,000
jobs and involved more than 1,500 young people in after school leadership development and organizing
activities. We are one of Boston’s oldest and most established community development organizations
with an annual operating budget of almost $6.5 million supporting our programs with a staff of just
under 30, and $225M, consists of 18 developments housing 986 units.
About the Role
Reporting to the Associate Director of Asset Management, the Asset Manager will assist in the effort to
implement DBECD’s asset management strategies, measure performance benchmarks, establish
protocols for property management and develop plans for corrective action. The work involves close
working relationships with third party property management companies, lenders and community and
equity partners to ensure a high-quality affordable housing experience for our residents and optimum
property performance for our organization.
The Asset Manager will work within the context of the Real Estate Development team giving exposure to
all stages of the real estate development process. Professional development opportunities are available
and strongly supported by the organization.
- Coordinate, properly integrate and maintain all properties into a database platform
- Ensure all compliance requirements are met and that reports are submitted to lenders and investors
- Monitor the physical condition of DBEDC properties through project site visits, review of property
- Review capital improvement proposals, monitor the implementation of capital improvements
- Participate in monthly calls/meetings with property managers to review operations, financial
- Develop and maintain reports generated through the database system.
- Assist with property financial restructuring projects with new debt and capital.
- Monitor monthly reserves, deposits and manage requests for releases and required consents.
- Review and analyze monthly reports and financial statements.
- Establish and monitor financial performance methods and standards.
- Identify key property performance benchmarks, and any areas of risk or vulnerabilities.
- Develop summaries of financing and regulatory agreements.
- Work with resident services staff to coordinate with and support tenant associations and organize
- Other endeavors as assigned.
Qualifications – You’ll do well in this role if you:
Want to work at an organization that is committed to racial equity and serves a diverse
- Are people and community-focused and have the ability to engage people from a wide array of
- Have working experience and knowledge with lending, property management, real estate
- Have at least 3-5 years of relevant professional experience.
- Have experience working with local, state, and federal affordable housing finance programs.
- Can work under deadlines and manage multiple projects at once.
- Aren’t afraid to ask questions and utilize colleagues and resources for help; are inquisitive and
love to learn.
- Can effectively communicate in English as well as Spanish, Cape Verdean Kriolu, Haitian Kreyòl,
- Have experience working for a mission-based organization that serves a community of color.
- Knowledge Dorchester and Roxbury.
- Have relevant lived experience similar to the community DBEDC serves.
- Are knowledgeable about property management software.
- Don’t be discouraged from applying if you don’t “check all the boxes”. We appreciate the
- As part of our commitment to equity, DBEDC does not negotiate compensation offers, as
research shows that salary negotiations disadvantage People of Color and women.
- Salary range: $60,000-$75,000.
DBEDC’s total compensation package features an amazing set of benefits which we considered
towards the overall compensation, including:
- (5) Generous cost-sharing medical insurance packages for selection and no eligible waiting
- Employer paid Dental and Vision coverage
- Flexible Spending Account and Dependent Care Assistance program
- Short-Term Disability, Long-Term Disability, Life and Accident Death, plus optional life.
- Commuter Benefits Program
- Employee Wellbeing On-Demand Services
- Perks at Work Program
- 3 personal days
- 3 weeks’ vacation to start
- 15 days of sick
- 13 paid holidays
- 403 (b) plan with generous employer contribution
- Flexible hybrid work environment
The Selection Process:
Please submit a cover letter, detailing your salary requirements and your qualifications for this position
to jobs@dbedc.org. Please include “Asset Manager” and your last name in the subject line. No phone
calls or letters please.
Dorchester Bay Economic Development Corporation views diversity, inclusion and cultural competence as vital
principles in all our work with clients and communities. We welcome and encourage applications from visible
minority groups members, indigenous persons, members of the LGBTQ community, persons with disabilities and
others who may contribute to the diversity of the organization and reflect the diversity of the communities we
serve.
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