Asset Manager
Location: New York City, NY
Employment Type: Full-time
Requisition ID: Asset Management/Preservation Program
About the Employer
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation's largest municipal Housing Finance Agency. HDC's programs support the construction and preservation of multi-family affordable housing in New York City.
Role Summary
The Asset Manager reports to the Director, Preservation Programs and will handle a portfolio of construction loans and Mitchell-Lama properties. This role manages responsibilities related to Mitchell-Lama compliance, construction lending, and maintaining, analyzing, and reporting on property data.
What You'll Do
- Work with Preservation Finance and Legal Departments on Construction and Permanent loan closings
- Review and authorize advances for construction, loan, and reserve account releases
- Collaborate with Cash Management to release construction funds for advances upon receipt of clear title
- Maintain property data and prepare reports and status accounts
- Assist in analyzing potential risks and concerns within the portfolio
- Explore solutions with managing agents and owners on compliance and financial problems
- Collaborate on monthly Construction Monitoring Report
Required Qualifications
- Bachelor's Degree from an accredited college in finance, real estate, business administration, or accounting
- Minimum of 2 years of relevant experience with federal, state, or local housing programs, or a satisfactory combination of education and/or experience equivalent to the above
- Thorough understanding of loan administration, construction lending, and funding procedures
- 1–3 years of Microsoft Excel experience performing intermediate-level functions
- Knowledge and understanding of real estate documents, including Construction and Loan Notes, Loan Agreements, Disbursing Agreements, and Mortgages
- Understanding of payment applications including appraisals, AIA forms, contractor certifications, and lien waivers
- Ability and experience managing projects and time-sensitive deadlines
- Superior organizational, analytic, and problem-solving skills
- Strong verbal and written communication skills
Compensation
$65,000–$75,000 annually
Benefits
Health, dental, and vision benefits; retirement savings plan with generous match and pension plan; paid holiday, vacation, sick time, and parental leave; professional development opportunities; Public Service Loan Forgiveness for eligible employees; wellness reimbursement; back-up caregiver benefit.
How to Apply
Submit your resume and cover letter. It is strongly preferred that you submit a cover letter with your resume. You may fax your resume and cover letter to (212) 227-6816 or email jobs@NYCHDC.com.
Equal Opportunity Statement
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment. HDC is committed to providing reasonable accommodations for persons with disabilities to participate in the job application or interview process and to perform essential job functions.
