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City of New York · 4 days ago

Deputy Director, Moderate Rehabilitation and Stabilization Loan Programs for the Division of Preservation Finance

New York City, NY

Full-time

Onsite

Lead/Staff, Director/Executive

$100K/yr - $100K/yr

3+ years exp

The City of New York's Department of Housing Preservation & Development is dedicated to promoting quality and affordability in housing. The Deputy Director will manage and administer the Multifamily Housing Rehabilitation Loan Program, overseeing project management staff and ensuring timely construction loan closings for affordable housing projects.

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Responsibilities

Assist the Director with the development and implementation of plans, strategies and tools for effective program management

Work with the Director to supervise and provide technical and procedural assistance to project management staff

In conjunction with the Director, establish appropriate productivity measures for staff and work effectively with staff to achieve them

Assist in the establishment of effective systems for monitoring and tracking project manager’s work

Assist in the preparation of budget and program proposals and in managing a budget of approximately $80 million in city capital and other funding sources

Review project management staff’s work and ensure adherence to program terms, including underwriting analyses, credit memos, and tax exemption and loan approval packages

In conjunction with the Director, assist project managers in project negotiations with developers and financial institutions

Assist project management staff in their general project management duties as needed, including project development, negotiations and due diligence requirements on construction loan closings, troubleshooting projects in construction, facilitating project completion and preparing recommendations for work-outs prior to permanent loan conversion

Represent the Director and the agency in external (i.e. community meetings, conferences, and inter-agency working groups) and internal meetings (i.e. intra-agency working groups and development team meetings) as necessary

Prepare reports, memoranda and written correspondence regarding program’s performance and issues

Expedite and follow up on programs’ projects with other city agencies, before, during and after construction, as required

Coordinate special projects, conduct policy analyses, initiate research and make recommendations that relate to the management and operations, as well as policy objectives, of the programs and other issues as requested by the Director and the Assistant Commissioner for the Division of Preservation Finance

Qualification

Financial analysisFinancial modelingUnderwriting experienceNYC housingExcel proficiencyWord proficiencyNegotiating skillsProject managementInterest in small building ownersDetail-orientedSelf-motivatedProblem-solving skillsVerbal communicationWritten communication

Required

A baccalaureate degree from an accredited college or university and three years of full-time satisfactory professional experience in the development, appraisal, financing, negotiation, or disposition of real estate, or in real estate law, or in urban planning or analytical or coordination work related to housing programs

A four year high school diploma or its educational equivalent approved by a State's Department of Education or a recognized accrediting organization and seven years of full-time satisfactory experience as described in '1' above

A satisfactory combination of education and/or experience which is equivalent to '1' or '2' above

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 at least two years of experience as described above

Preferred

Exceptional financial analysis, including financial modeling and financial statement analysis, and problem-solving skills

Detailed-oriented

Self-motivated

Possess an interest in working with low-capacity small building owners

Ability to manage multiple projects and meet deadlines in a fast-paced, often-changing, environment

Strong verbal and written communication skills

Underwriting experience

Knowledge of New York City affordable housing and private lending programs

Negotiating skills

Experience working with small building owners

Ability to work effectively with others to obtain results promptly

Strong facility with Excel and Word

Candidates with Masters and/or substantial experience in Urban Planning, Real Estate Finance, Business Administration or related fields are strongly preferred