0503 - Vice President of Property Management

C

Crafted Staff

0503 - Vice President of Property Management

Meriden, CT
Full Time
Paid
  • Responsibilities

    Vice President of Property Management

    Salary: $95,000 – $115,000 Base Salary (DOE) + Comprehensive Benefits Package

    Location: Meriden, CT

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    About the Opportunity

    We are seeking an experienced and strategic Vice President of Property Management to lead and oversee a large affordable housing portfolio of approximately 10,000 units. This executive-level position is responsible for driving operational excellence, financial performance, regulatory compliance, and resident satisfaction across a diverse portfolio of affordable and market-rate communities.

    The ideal candidate will bring extensive experience managing large-scale property operations, deep knowledge of affordable housing programs, and a proven track record of developing high-performing teams.

    Key Responsibilities

    Portfolio Leadership & Operations

    • Provide executive leadership and oversight for a portfolio of approximately 10,000 residential units.
    • Lead and manage all aspects of property management operations, ensuring efficiency, consistency, and high service standards across the portfolio.
    • Develop and implement strategic initiatives to improve occupancy, resident retention, operational performance, and asset value.
    • Establish and monitor operational KPIs and performance metrics.

    Financial Management

    • Oversee portfolio budgets, financial forecasting, reporting, and expense management.
    • Analyze financial performance and implement strategies to maximize revenue while controlling costs.
    • Partner with ownership and executive leadership to achieve long-term financial objectives.
    • Review and approve annual operating budgets and capital expenditure plans.

    Affordable Housing Compliance - This is a must

    • Ensure compliance with all federal, state, and local housing regulations.
    • Maintain expert-level knowledge of affordable housing programs, including:
      • HUD
      • Section 8
      • Housing Choice Vouchers
      • LIHTC (Low-Income Housing Tax Credit)
      • Affordable and Market-Rate Housing Programs
    • Oversee audit preparation, regulatory reporting, and compliance initiatives.

    Property Performance & Resident Relations

    • Direct leasing, marketing, rent increase implementation, maintenance operations, and capital improvement projects.
    • Promote exceptional resident experiences and strong community engagement.
    • Foster positive relationships with residents, government agencies, community organizations, contractors, and stakeholders.

    Team Leadership & Development

    • Lead, mentor, and develop Regional Managers, Property Managers, and support staff.
    • Build a culture of accountability, collaboration, and continuous improvement.
    • Support recruitment, succession planning, and professional development initiatives.
    • Ensure teams are aligned with company goals and performance expectations.

    Strategic Planning

    • Collaborate with executive leadership on long-term growth strategies and portfolio expansion opportunities.
    • Identify operational efficiencies and technology solutions to improve performance.
    • Participate in acquisitions, due diligence, transitions, and portfolio integrations as needed.

    Qualifications

    Required Experience

    • 5–10+ years of progressive property management experience , including at least 5 years in a senior leadership role.
    • Demonstrated experience overseeing a portfolio of 8,000–10,000+ residential units.
    • Extensive experience managing affordable housing portfolios.

    Affordable Housing Expertise

    Strong knowledge of:

    • HUD Programs
    • Section 8 Housing
    • Housing Choice Vouchers
    • LIHTC Compliance
    • Affordable Housing Regulations
    • Market-Rate Property Management

    Leadership & Management

    • Proven ability to lead large, multi-site property management teams.
    • Strong coaching, mentoring, and employee development skills.
    • Experience managing Regional Managers and large operational teams.

    Financial Acumen

    • Experience with budgeting, forecasting, financial reporting, and asset performance management.
    • Ability to analyze financial statements and implement strategies to improve NOI and portfolio performance.

    Communication & Technology

    • Exceptional communication, presentation, and relationship-building skills.
    • Strong problem-solving and decision-making abilities.
    • Proficiency with property management software, reporting systems, and technology platforms.

    Education

    • Bachelor's degree in real estate, Business Administration, Property Management, or related field required.
    • Master's Degree preferred.

    Preferred Qualifications

    • Professional certifications such as CPM, ARM, HCCP, COS, or related housing/property management credentials.
    • Experience working with ownership groups, boards, housing authorities, and government agencies.
    • Background in portfolio growth, acquisitions, and organizational scaling.

    Compensation & Benefits

    • Base Salary: $95,000 – $105,000 annually (commensurate with experience)
    • Health, Dental, and Vision Insurance
    • 401(k) with Company Match
    • Paid Time Off and Holidays
    • Professional Development Opportunities
    • Executive Leadership Growth Potential

    Ideal Candidate

    This role is ideal for a seasoned affordable housing executive who has successfully managed large portfolios approaching 10,000 units , possesses strong regulatory and financial expertise, and is passionate about providing quality housing while building thriving communities.