Community Association Manager Salary
Job Description for Community Association Manager
Community association managers are responsible for ensuring that their clients are happy and that home values remain high. Their duties include overseeing properties, attending board meetings, communicating with the board and homeowners, and ensuring homeowners follow all community procedures. They also review vendor contracts and service bids, analyze and provide monthly financial reports to the board, oversee the property budget, and monitor and enforce the terms of contracts, billings, and collections. Other tasks performed by the community association manager include analyzing and approving invoices, as well as ensuring high standards of property maintenance. Community association managers are generally employed by homeowners and community associations.Read More...
Education requirements vary among employers for community association manager positions. Some prefer a bachelor's degree in business or a related field, while others may accept a lower level of educational attainment. Relevant licensing, as well as up to five years of prior experience, may be required or preferred as well. Community association managers also must have strong organizational, communication, and management skills, as well as the ability to understand and analyze financial reports and proficiency with basic computer programs such as the Microsoft Office suite.
Community association managers normally work full time during regular business hours; however, they may sometimes need to work weekends or evenings, such as if they need to attend a board meeting. They are also sometimes required to work overtime and travel to meet clients.
Community Association Manager Job Listings
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Popular Employer Salaries for Community Association Manager
Although FirstService Residential leads the field in pay with a median salary of $54K, employees there receive a wide spread of salaries, from $44K on the low end all the way up to $82K at the top.
Salaries are easily beat at Associa Ltd, where median pay comes to just $50K, the lowest in the field. What's more, with base pay starting at $38K and ending at $64K, range in salary is rather small.
Popular Skills for Community Association Manager
Community Association Managers report using a wide range of professional skills. Most notably, facility with People Management and Operations Management are correlated to pay that is significantly above average, leading to increases of 22 percent and 5 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Customer Relationship Management, Oral / Verbal Communication, and Customer Service. Most people familiar with Budget Management also know Project Management.
Pay by Experience Level for Community Association Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Community Association Managers with a lot of experience do not necessarily enjoy more money. Relatively untried employees who have less than five years' experience make $43K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $52K. Community Association Managers bring in $55K after working for 10 to 20 years. In the end, more experience does seem to mean larger paychecks; seasoned Community Association Managers with more than 20 years of experience earn a predictably higher median salary of $59K.
Pay Difference by Location
Community Association Managers will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 36 percent. Community Association Managers can also look forward to large paychecks in cities like West Palm Beach (+28 percent), Chicago (+16 percent), Fort Myers (+9 percent), and Atlanta (+9 percent). Community Association Managers in Albuquerque earn salaries far below the national average by 20 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Workers in Tampa and Seattle earn salaries that trail the national average for those in this profession (9 percent less and 8 percent less, respectively).