What is a CAM?
A Community Association Manager (CAM)
is responsible for managing the business operations
of condominium, cooperative, or homeowner associations.
Operating associations involves many different tasks,
from physical maintenance of association property and
financial management of association resources, to administrative
management of board activities and many more functions.
A Community Association Manager's responsibilities
include:
- Overseeing and authorizing payment for association
services
- Advising and providing administrative, operational,
and managerial support to the Board of Directors
- Developing budgets, presenting and explaining financial
reports
- Soliciting and evaluating bids for services to
be performed
- Supervising and/or directing association personnel
and vendors
- Directing the enforcement of the restrictive covenants
- Supervising the design and delivery of projects
and programs
- Soliciting, evaluating, and assisting with association
insurance
- Supervising maintenance activities and contractor
performance
To be an effective community association manager, the
skills of many professions are required. Community Association
Managers must understand the principles of construction,
engineering, human resources, contracting, accounting,
insurance, education, government relations, law, and
real estate, among others.
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