Program Manager Senior II (045571)

Asset Management•Prince George's, MD

12d•Onsite

About The Position

This is a Management Service position with full State of Maryland benefits. The Maryland Department of Housing and Community Development (DHCD) has an immediate opening for a Program Manager Senior II, Director, Multifamily Asset Management in the Division of Credit Assurance (DCA). The Multifamily (MF) Division of DCA provides asset management for a large (and growing) portfolio of loans used to finance affordable housing projects throughout the State of Maryland. The MF (Multi Family) team ensures the performance and security of MF loans made by DHCD and the quality of the projects financed by those loans.

Requirements

A bachelor’s degree from an accredited college or university.
At least four (4) years of experience in underwriting, credit analysis, servicing, compliance, asset management or risk mitigation, at a state or Federal housing agency or a public or private lending institution - or similar experience at other than an agency or lending institution working with multifamily residential or other commercial assets.
Including at least two (2) years in a management, supervisory or other leadership capacity.
Additional professional and job experience as defined above may be substituted for on a year-for-year basis for the required education.
Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer involving staff works that include the regular independent judgment and analysis in applying and interpreting complex administrative plans, policies, rules or regulations or analysis of operational programs or procedures with recommendations for improvement on a year-to year basis for the required education and experience.

Nice To Haves

Experience in underwriting or asset management of commercial loans or multifamily affordable housing projects and properties.
Work experience with Federal affordable housing, subsidy or loan programs such as Risk-Sharing Program, HOME, USDA Rural Development, LIHTC, Section 8, Section 811 and RAD and compliance monitoring protocols (e.g. HOTMA, NSPIRE, REAC).
Experience working in a finance, accounting or audit position at a public or private organization reviewing or working with commercial financial statements.

Responsibilities

Oversees the team responsible for monitoring the physical and financial condition of multi-family housing projects.
Conducts compliance reviews.
Analyzes risk.
Plans and implements strategies needed in cases of loan default, payoff, foreclosures, and disposition.
Monitors the performance of third-party loan servicers.
Assists the DCA Director and DCA Deputy Director in asset management transactions, loan workout and enforcement, multi-family mortgage insurance programs, and daily oversight for finance, risk management, planning and general divisional administration.