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Artspace Projects Inc.

Asset Manager

Location: Minnesota - Twin Cities
City: Minneapolis, MN
Type: Full Time
Category: Financial and accounting
Benefits: Yes
Salary: Based on Qualifications
Deadline: March 31, 2017

Job description

Primary Functions:

The Asset Manager is directly responsible for the stewardship of specific properties owned by Artspace and ensuring their long-term physical, financial, and creative sustainability.

– Responsible for all phases of asset management for assigned properties including: review of monthly financial reports, timely and accurate financial reporting to equity investors and lenders, oversight of third party property managers, tax and insurance review, and property inspections

– Responsible for identifying capital repair/improvement needs and financial structuring needs within the portfolio and seeking appropriate solutions for these needs

– Responsible for lender, community and limited partner relations.

– Responsible for artist engagement to ensure prioritization of arts related activities within our buildings

– Oversee project operations to assure that projected partnership management fee and incentive fee revenue is realized as projected in the operating projections

– Special projects as assigned

Specific Duties To Be Performed:

– Prepare annual budgets, review monthly financial statements and management reports and monitor project cash flow. Discuss significant variations from budget with managing agent and direct problem solving. Input all financials into API financial model. Update and keep model accurate as a primary analytical tool

– Monitor vacancies and accounts receivable and collections of residential and commercial/non-residential tenants

– Inspect the exterior of each property quarterly and participate in the annual inspection of units performed by the managing agent. Direct managing agent in corrective actions to be taken to address problems identified in the inspections

– Conduct on-going assessment of property management performance and communicate any necessary change

– Prepare quarterly and annual reports to limited partners, lenders and others as required by the underlying financing

– Periodic site visits including regular contact with the resident’s organization to assure that a projects’ arts/community development mission is facilitated

Qualifications or requirements

– Strong financial analysis skills including proficiency in Microsoft Excel software
– Good oral and written communication skills
– Demonstrated ability to identify problems and develop solutions
– Excellent attention to detail and follow through
– Ability to travel out of state at least once monthly
– Must have a valid Minnesota Driver’s License


Salary: Dependent on Qualifications
Benefits: Medical and dental care, 403(b) Savings Plan, Health Savings Account, personal accrual of travel miles, hotel points and other travel benefits, generous PTO.

Artspace provides equal employment opportunities for all persons regardless of race, creed, color, religion, national origin, marital status, sexual orientation, or status with regard to public assistance, disability, sex or age.

How to apply

Please send letter, resume and references by March 31, 2017 to
Shaela Wilson at [email protected]
RE: Director of Asset Management Position