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Association Reserves Jobs in Virginia (NOW HIRING)

Associa

Community Association Manager

Mechanicsville, VA · On-site

$49K - $62K/yr

The Community Association Manager (CAM) is the liaison among homeowners, Board of Directors, and ... reserves. * Create and send out weekly mass communications by mail and email to homeowners ...

Associa

Community Manager

Ashburn, VA · On-site

Works with the board on strategic initiatives, policy governance and association projects. * Walk ... reserves. * Submit RFPs, manage the bidding and vendor selection process, develop vendor ...

Associa

General Manager, HOA

Sterling, VA · On-site

Works with the board on strategic initiatives, policy governance and association projects. * Walk ... reserves. * Submit RFPs, manage the bidding and vendor selection process, develop vendor ...

New

The Moran Company

Chief Financial Officer

Alexandria, VA · On-site

$180K - $200K/yr

... reserves. ACTE maintains a robust, mission-driven culture with a high retention rate, including staff who have been with the Association for over 20 years. The culture is highly collaborative and ...

Capital One

Financial Crimes Specialist

Mclean, VA · On-site

Association of Certified Anti-Money Laundering Specialists (ACAMS), Certified Fraud Examiner (CFE ... Capital One reserves the right to request proof of internet provider, speed and service package ...

Capital One

Financial Crimes Specialist

Mclean, VA · On-site

Association of Certified Anti-Money Laundering Specialists (ACAMS), Certified Fraud Examiner (CFE ... Capital One reserves the right to request proof of internet provider, speed and service package ...

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Association Reserves information

What are the most common challenges faced by Association Reserves professionals when assessing the long-term financial needs of community associations?

Professionals working in Association Reserves often encounter challenges such as accurately forecasting future repair and replacement costs, adapting to changing regulations, and dealing with incomplete or outdated documentation from associations. They must balance the expectations of board members and homeowners with realistic budgeting, often requiring clear communication and negotiation skills. Additionally, staying current with construction standards and market price fluctuations is vital to providing reliable reserve studies.

What are the key skills and qualifications needed to thrive as a reserve analyst at Association Reserves, and why are they important?

To thrive as a Reserve Analyst at Association Reserves, you generally need strong analytical skills, financial acumen, and a background in accounting, finance, or engineering, often supported by a relevant degree. Familiarity with reserve study software, spreadsheet tools like Excel, and industry standards such as the National Reserve Study Standards is typically required. Exceptional attention to detail, clear written and verbal communication, and the ability to work independently or with clients are important soft skills. These competencies ensure accurate reserve studies, effective client relations, and compliance with industry regulations, all of which are critical for property financial planning.

What is the difference between Association Reserves vs Property Manager?

AspectAssociation ReservesProperty Manager
Primary RoleManaging reserve funds for future repairs and replacements of community assetsOverseeing daily property operations and tenant relations
CredentialsOften requires financial or community association certificationsProperty management licenses or certifications
Work EnvironmentCommunity associations, HOA boards, or management companiesResidential or commercial properties, management firms
Industry UsageCommonly involved in HOA and community association settingsBroader real estate and property management industry

While Association Reserves focus on financial planning and reserve fund management for community assets, Property Managers handle daily operations, tenant relations, and property maintenance. Both roles are essential in property management but serve different functions within the industry.

What is Association Reserves?

Association Reserves are funds set aside by homeowner associations (HOAs), condominium associations, or other community associations to cover the costs of major repairs and replacements of common area elements, such as roofs, elevators, or pools. These reserves are distinct from operating funds, which cover regular, day-to-day expenses. Properly funding reserves helps associations avoid large special assessments and ensures that property values are maintained. Reserve studies are often conducted to estimate the amount of money needed over time and guide the association in setting aside adequate funds each year.
What are popular job titles related to Association Reserves jobs in Virginia? For Association Reserves jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Association Reserves jobs in Virginia look for? The top searched job categories for Association Reserves jobs in Virginia are:
What cities in Virginia are hiring for Association Reserves jobs? Cities in Virginia with the most Association Reserves job openings:
Association Reserves jobs near you

Community Association Manager

Associa

Mechanicsville, VA • On-site

$49K - $62K/yr

Full-time

Re-posted 10 days ago

Associa rating

7.2

Company rating: 7.2 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

107th of 250 rated facilities management

Job description

The Community Association Manager (CAM) is the liaison among homeowners, Board of Directors, and Committee Members, and collaborates to ensure the community is well cared for and the daily operations are well managed. The Community Association Manager will oversee up to 12 communities that are a combination of HOA, Condos, and Townhomes in the Glen Allen, VA area.
Daily responsibilities:
  • Onsite role for the first six months, then hybrid.
  • Manage emails and phone calls. Research and respond to inquires. Problem solve.
  • Data enter and update information in the database; record and track documents and information.
  • Prioritize maintenance requests and work orders; schedule and coordinate maintenance vendors and contractors for work to be done onsite.
  • Source vendors, submit RFPs, offer recommendations to the board.
  • Manage the vendor bidding and selection process, develop vendor relationships, and manage capital projects.
  • Prepare board packages. Coordinate and schedule monthly and annual board meetings for each community.
  • Create and manage budgets; review financial reports, interpret Balance Sheet, Income Statement, Operating Expenses, and reserves.
  • Create and send out weekly mass communications by mail and email to homeowners notifying them of maintenance updates, HOA guidelines, community events, and monthly meetings.
  • Assist homeowners in completing architectural review forms and follow-up with homeowners on the Board's decision.
  • Issues violation letters to homeowners and follow-up to ensure corrected.
  • Conduct site inspections and walk-throughs.
  • Implement Board policy and directives within the scope of the management agreement. Works with the board on strategic initiatives, policy governance and association projects.
  • Track state statues and legalities. Read, interpret, and understand governing documents.
  • Other projects as assigned.

  • 3+ years of experience working with community associations or in the multifamily, leasing, and vacation rental industries.
  • Understanding of the relationship among the Board of Directors, homeowners, and management company.
  • Willingness to obtain the CMCA within the first year of employment, company paid.
  • Customer service driven and team oriented. Consultative approach when assisting others.
  • Understanding of financial documents.
  • Effective project management skills; ability to prioritize and manage multiple projects in various stages of completion and communicate with all parties involved.
  • Excellent communication skills (written and oral) and conflict resolution techniques.

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About Associa

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With more than 180 branch offices across North America, Associa delivers unsurpassed management and lifestyle services to nearly five million residents worldwide. Our 10,000+ team members lead the industry with unrivaled education, expertise and trailblazing innovation. For more than 40 years, Associa has provided solutions designed to help communities achieve their vision.

Industry

Real estate

Company size

10,000+ Employees

Headquarters location

Dallas, TX, US

Year founded

1979

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