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Executive Director, Portfolio Management and Conversions

NYC Department of Housing Preservation & Development • Full-time • New York, NY • $125k - $135k / year • 4h ago

Executive Director, Portfolio Management and Conversions

Location: New York, NY (All Boroughs)

Employment Type: Full-time

Salary: $125K–$135K

About the Employer

The New York City Department of Housing Preservation (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city's neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love. HPD maintains building and resident safety and health, creates opportunities for New Yorkers through housing affordability, and engages New Yorkers to build and sustain neighborhood strength and diversity. HPD fulfills these objectives through the goals and strategies of Housing Our Neighbors: A Blueprint for Housing and Homelessness, Mayor Adams' comprehensive housing framework, backed by $22 billion in 10-year planned investment in housing—the largest in the city's history.

Role Summary

The Executive Director of Portfolio Management and Conversions will lead a critical and relatively new division within HPD's Office of Development. This role oversees the Conversions, Rental Assistance, and Construction Monitoring and Completions program areas, which facilitate and ensure the stable, long-term financing of a growing pipeline of HPD projects, the successful and timely completion of these projects, and housing affordability for some of New York City's most vulnerable individuals and families.

What You'll Do

Oversee completion, permanent conversion, and rent restructuring of, and deployment of tenant-based rental assistance to, the Division's portfolios of projects in collaboration with the Assistant Commissioner
Provide support to Division and Office leadership on policy and process matters, goal setting, and tracking of program-specific milestones
Develop and evaluate program- and practice area-specific requirements and procedures to ensure efficient use of resources, enhance program and unit impact, and accomplish City and agency goals
Develop and oversee intake and close-out/handoff policies and procedures for program areas
Oversee and support the Director for Conversions in managing the Conversions pipeline and establishing new procedures to ensure efficient use of City resources, timely and high-quality closings, and rent restructuring processes
Support the Deputy Director for Rental Assistance in managing the Rental Assistance portfolio of projects and households, and establish new policies and procedures to ensure timely, targeted, and effective outreach to households and subsequent submission of rental assistance applications
Oversee and support the Director for Construction Monitoring and Completions in managing and developing program processes and procedures to effectively track and facilitate completions of HPD projects
Manage and direct staff, including establishing appropriate productivity measures, supporting staff in achieving programmatic and agency goals, promoting collaboration among staff, promoting high achievement and morale, ensuring consistent and high-quality work, overseeing staff in their performance of responsibilities, and evaluating staff
Manage administrative functions including setting productivity goals, tracking and reporting, compliance, and budget forecasting, and supervise and support administrative staff
Respond in a timely manner to requests for information and oversee production of detailed reports, memoranda, presentations, and written correspondence regarding projects, programs, new initiatives, or other special projects
Act as a liaison with developer teams, financial institutions, tenant or community groups, and other governmental agencies to ensure understanding, buy-in, and achievement of Division and agency goals
Coordinate and provide direction on personnel matters for the Division in support from the Director of Operations, ensuring the Director of Operations provides support to Division Directors in the interview process and closely coordinates with HPD Human Resources and HPD Budget on all Division hiring needs
Ensure dissemination of policy information from various areas of the agency to the Division, including new data entry and reporting rules, policy initiatives, and current events related to housing
Help communicate priorities, needs, and challenges impacting teams throughout the Division
Lead special projects, including development and implementation of intra- and inter-division initiatives and strategies
Represent the Assistant Commissioner on behalf of the agency at internal and external meetings
Collaborate with other HPD divisions to achieve agency goals and identify, monitor, and/or resolve project, program, and policy issues
Proactively assist staff to manage projects, troubleshoot, make appropriate recommendations, and ensure all necessary approvals
Handle both financial modeling and external client relationships

Required Qualifications

A baccalaureate degree from an accredited college and four years of full-time satisfactory professional experience in the development, design, construction, appraisal, financing, negotiation or disposition of real estate or in real estate law, or in urban planning, design or renewal, or analytical or coordination work related to housing programs; at least 18 months must have been in an executive, administrative or managerial capacity or supervising professional personnel performing work in the fields noted above; or equivalent education and experience (Graduate study in the field of urban studies, city planning, business or public administration, finance, architecture, engineering or other related fields may be substituted for up to one year of the required experience on the basis of 30 credits equaling one year of experience. Graduation from an accredited law school may be substituted for one year of the required experience. However, all candidates must have three years of work experience including at least 18 months of executive, administrative, managerial or supervisory experience.)
Strong facility with Excel and Word

Preferred Qualifications

Strong management experience and a proven track record of closing transactions
Strong financial background, including underwriting experience
Knowledge of real estate development, affordable housing finance and lending, affordable housing construction, financial administration of housing development, and knowledge of HPD development programs
Knowledge of and experience in tenant-based rental assistance such as Section 8
Demonstrated analytical skills and ability to work effectively with others to obtain results promptly
Master's degree in Real Estate Finance, Business Administration, Public Administration, Planning, or related fields
Knowledge of PowerPoint
Strong managerial experience and a record of achieving results in a fast-paced environment
Experience managing programs as well as program development and implementation
Strong financial analysis skills including financial modeling and financial statement analysis
Detail-oriented and self-motivated with ability to manage multiple projects and meet deadlines
Strong verbal and written communication skills
Track record of proven and successful relationship management

Compensation

$125K–$135K

Additional Information

An exam may be required for this position. This position is open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate at the top of your resume and cover letter that you would like to be considered for the position through the 55-a Program.

As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education's website at https://studentaid.gov/pslf/.

New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.

Equal Opportunity Statement

The City of New York 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 based upon any legally protected status or protected characteristic.

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