Vice President Operational Risk Jobs in Middletown, CT

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

• 510+ years of progressive property management experience, including at least 5 years in a senior leadership role.
• Demonstrated experience overseeing a portfolio of 8,00010,000+ 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.