0503 - Vice President of Property Management

Job description

Vice President of Property Management Salary: $95,000 – $115,000 Base Salary (DOE) + Comprehensive Benefits Package Location: Meriden, CT 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.