Associate Director – ROC Acquisitions, Financial Services, and Program Operations

SUMMARY OF JOB:

This is a full-time (36 hours/week), salaried with benefits in support of Thistle ROC. The Associate Director – ROC Acquisitions, Financial Services, and Program Operations is a critical leadership role within the Thistle ROC program. This position encompasses the management of ROC acquisitions, financial services, and a broad range of internal program operations, including vision casting, grant management, staff supervision, and budgeting. Additionally, this role involves leading operations and direct oversight of the ROC program both in acquisition and post purchase stages. The Associate Director will work closely with the Director and other key stakeholders to ensure the effective management and growth of Thistle ROC Program and portfolio. This job involves travel within the state of Colorado and occasional night and weekend work. This position requires the incumbent to reside in the state of Colorado upon the start date.

Key Responsibilities

Acquisition and Financial Management:

-Oversee the pre-purchase team and at times lead acquisition process for new ROCs, including financial analysis, due diligence, and strategic planning. This includes developing and managing budgets for ROC acquisitions, ensuring financial viability and sustainability.

-Coordinate with lenders, investors, and other financial partners to secure funding and manage financial risks associated with acquisitions.

-Oversee the development of project pro-formas and operating budgets for cooperative properties both acquisition and post-purchase.

-Review lender underwriting guidelines and ensure the successful closing of ROC acquisitions.

Organizational Operations and Financial Oversight:

- Design and implement tools to better communicate with external stakeholders regarding the financial health of the program.

- Advise the Director on all financial decisions, ensuring alignment with the strategic plan.

- Collaborate with the Director to develop and monitor program budgets.

- Oversee Thistle ROC onboarding activities, including supporting in the hiring processes, onboarding, employee handbook review, and maintenance of personnel files (excluding payroll and benefits).

Cooperative Development Management:

-Supervise Portfolio Impact Manager, Market Development & Acquisition Manager, and Pre-Purchase Process Manager, including developing annual work plans, assigning post-purchase parks, training on portfolio management, and evaluating performance.

-Contribute to the development of community trainings, materials, and resources for cooperative members.

- Support the Technical Assistance Team in regional training events and assist with early project feasibility analysis and evaluating project viability.

-Expand the organization's knowledge of various cooperative models and ownership arrangements.

Stakeholder Engagement and Public Representation:

- Act as an ambassador at public and industry events, advocating for cooperatives as a viable strategy for economic enterprise.

- Promote the benefits of cooperatives, including their success in cost control, democratic governance, and their role in advancing shared objectives, particularly for underserved communities.

- Engage in public speaking events and training sessions to promote the Thistle ROC program and educate stakeholders on the benefits of resident-owned communities.

- Monitor local, state, and federal policies related to affordable housing and advocate for policies that support the sustainability of ROCs.

Risk Management and Special Projects:

-With the Financial Analyst, Identify and mitigate financial and operational risks within the ROC portfolio, developing and implementing risk mitigation plans.

-Oversee special projects, such as resident-owned community rent stabilization and infrastructure funding reviews, ensuring alignment with organizational goals and timelines.

SALARY: $85,000-$95,000 per year

SUPERVISOR: Thistle ROC Director  

DIRECT REPORTS:Portfolio Impact Manager, Market Development & Acquisitions Manager, Pre-Purchase Process Manager, Financial Analyst & Part Time Grant Assistant (jointly with Program Director)

Education and Experience Requirements

Required:

- Bachelor’s degree or equivalent professional experience.

- At least four years of recent experience in real estate, nonprofit management, and project management ideally providing leadership to staff in a supervisory role.

- Proficiency in Microsoft Word, Excel, PowerPoint, project management software like Salesforce, Monday.com, Slack, etc.

- Strong knowledge of fiscal management, strategic planning, and general business practices.

Preferred:

- Experience in manufactured housing and cooperative business structures.

- Understanding of budgeting, accounting, and financial reporting.

- Experience with real estate financing, property management, or contractor negotiations.

- Familiarity with community or economic development organizations.

*While the above task list covers a wide range of responsibilities, the nature of this role may entail additional duties to support to various facets of the team and organization’s goals.

Preferred Competencies

• Bilingual literacy in English/Spanish
• Working with diverse, adult populations
• Understanding of financial statements, budgeting, and reporting

Occupational Requirements

• In-person community visits across Colorado are required several times per year.
• Access to reliable transportation. Candidate must have valid driver’s license, current auto insurance, vehicle registration, and a clean driving record.

WORKING CONDITIONS AND PHYSICAL DEMANDS

The work environment characteristics and physical demands described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to stand, walk, sit, use hands to finger, handle, or feel, reach with hands and arms, stoop, kneel, crouch or crawl, and smell, talk and hear.

• Employee must be able to drive and must have their own vehicle to travel for work purposes
• Employee must have valid driver’s license, current auto insurance, and vehicle registration and a clean driving record
• The employee must have the ability to speak on the telephone, and communicate and exchange information via email and other forms of communication
• The employee may be exposed to fumes and/or airborne particles. The employee is occasionally exposed to wet and/or humid conditions, extreme cold or heat
• The employee must occasionally lift and/or move up to 15 pounds

SUMMARY OF EMPLOYEE BENEFITS • Four-day workweek – 36 hours / week o 41 Four Day Weeks / 11 Three Day Weeks • Thistle provides Medical, Dental and Vision insurance through Aetna & Kaiser Permentate / Met Life provides Life and LTD insurance. o Three of the six medical plan options are free to employees. o Dental and Vision plans have a free to employee option as well as paid options for varying levels of service. o Benefits can extend to covered spouses, children, families, and domestic partners if chosen, but are 100% the employee's expense. o Benefits begin on the first day of the month following date of hire (DOH) o Benefits are reviewed each year for cost & coverage and renewed by the team member June 1st. • Paid leave (pro-rated first year based on DOH) includes - o Vacation time, available 90 days after DOH o Sick leave, available immediately after DOH o 10 paid holidays o Birthday “Holiday” • Thistle offers a 401K Plan managed by Empower. Employer match of 50% of every dollar contributed up to 10% eligible compensation. This begins 90 days after hire. Benefit is reviewed each year for cost and reviewed by the team member January 1st. • Laptops are provided to team members who need them as part of their position. • Mileage paid at the current IRS rate. • RTD (Regional Transportation District) Eco Bus Pass if Requested. • Wellness Benefits o Up to $50 per month for Eligible Wellness Expenses o $40 per month Cell Phone Expense for those without a Thistle issued phone.