Project Manager/ Underwriter

New York State Housing Finance Agency•New York, NY

2h•Hybrid

About The Position

The Project Manager for Homeownership Development Initiatives will play an essential role in implementing Governor Hochul’s vision for housing opportunity in New York State. This is an exciting opportunity to gain experience in the field of housing finance while helping to implement innovative solutions to help more New Yorkers access affordable, high quality homeownership opportunities.

Requirements

Bachelor's degree and 2-3 years of experience in a real estate development finance or project management role, preferably with a focus on homeownership development.
Demonstrated interest in real estate finance and underwriting.
Demonstrated interest in the relationship between housing development and community revitalization.
Understanding of how to work effectively in and with diverse communities.
Demonstrated experience working independently and exercising good judgment
Ability to communicate effectively both orally and in writing with attention to detail and professionalism in all communications.
Well organized and self-motivated with ability to work under pressure, while prioritizing and managing multiple tasks and projects.
Comprehensive experience with Microsoft Office and general comfort with technology. Fluency with Word and Excel is essential.

Nice To Haves

Master’s degree in an urban planning or finance related field preferred.
Experience with homeownership development preferred.

Responsibilities

Under the supervision of the Director of Homeownership Development Initiatives, the Project Manager will support the Director in the underwriting and closing of loans for the development of multi-unit homeownership projects as well as supporting the sale of homes or coop conversions after construction. These projects may include scattered site or neighborhood-focused single-family development as well as multi-family projects, such as condominium and cooperative developments. Projects may be rehabilitation or new construction.
Assist Director in pro forma development and performing due diligence in the loan underwriting process.
Collaborate with other agency departments including Fair and Equitable Housing Office, Dept of Empowerment, Compliance and Opportunity, Design, Construction and Environmental Unit, Finance, Legal, et al. to bring projects through relevant review processes.
Collaborate with lenders and other municipal and state agencies.
Assist with loan closing and servicing – preparing disbursement requests, maintaining detailed program and project trackers, using agency-specific software systems.
Assist in drafting correspondence, reports, manuals, presentations, or other documents as needed.
Carry out routine office activities.
Attend, participate, conduct presentations and/or assist with preparation for meetings, conferences, webinars, and workshops.

Benefits

Extensive benefits package including paid leave, including excellent health, dental, vision and retirement benefits with the New York State & Local Employees’ Retirement System.
Promotional opportunity for dedicated professionals.
Work life balance benefits include a 37.5-hour work week and paid time off benefits including vacation, sick, personal days, and Federal Holidays.
Opportunity for compressed scheduling.
12 weeks of Paid Parental Leave.
Paid Family Leave.
Opportunity for compressed/flextime scheduling.
As a New York State employee, you may qualify to participate in the Federal Public Service Loan Forgiveness Program (PSLF).
Cash in for Wellness! This program provides you with the option of buying or renewing a health club membership of your choice or enrolling in a weight loss and or smoking cessation program, using your sick leave accruals.
Tuition reimbursement program – for job related and non-job-related courses.
Vacation Leave Buy-Back program – Subject to approval, every year eligible employees may exchange previously earned and accrued vacation time in return for cash compensation (at employee’s daily rate of pay at time of exchange).
Access to Plum Benefits – savings on movie tickets, theme parks, hotels, tours, Broadway shows and more!
Optical reimbursement program – Employees are eligible for optical, hearing aid, and podiatric expenses not otherwise covered by insurance, with a maximum aggregate amount of $675 per year, per family. Unused yearly balances may be carried over to next year for a maximum of $1,350.