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State of Maryland · 9 hours ago

PROGRAM MANAGER II (045614) Portfolio Administrator, Multifamily Asset Management

Maryland, United States

Full-time

Onsite

Mid, Senior Level

$86K/yr - $104K/yr

4+ years exp

The Maryland Department of Housing and Community Development (DHCD) is a national leader in affordable housing and community development lending. They are seeking a Program Manager II to monitor and evaluate the performance of multi-family properties and ensure compliance with loan documents while advising on administrative and financial conditions of the assets.

Government Administration

No H1B

Responsibilities

This Portfolio Administrator is responsible for the administration of one of the Division of Credit Assurance’s Multifamily Asset Management Teams

This Team monitors the physical and financial condition of an assigned portfolio of multifamily housing projects, evaluates the performance of private firms managing the projects, and plans and implements strategies needed to improve the performance of marginally performing projects

The principle activities of the team include reviews of financial reporting, physical inspections, management reviews, and risk rating

The Team also manages routine processes like maintaining current records, disbursement of reserves, loan payoffs, etc

The goal of this activity is to ensure the viability of the State’s security and the benefits to low and moderate income Marylanders

Qualification

Affordable housing complianceFinancial analysisReal estate experienceProcess developmentMicrosoft Office SuiteSupervisory experienceTechnical assistanceCommunity developmentTraining others

Required

A bachelor's degree from an accredited college or university

Four years of administrative or professional experience including one year of financing experience or providing technical assistance for the development or rehabilitation of multifamily or single-family housing; neighborhood revitalization and business development; community infrastructure development; or historic preservation programs

At least 3 years of general supervisory experience

Preferred

Experience monitoring affordable housing compliance, including Low Income Housing Tax Credits, HOME, Section 8 or other federal financial assistance and subsidy programs

Experience in real estate, housing programs, and or housing compliance monitoring using software

Experience developing and implementing new processes and procedures and training others

At least one year of experience using Microsoft office suite Word/Excel and/or Google Docs/Sheets to create reports, documents, and spreadsheets

Experience in finance and the ability to analyze financial statements