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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.