Asset Manager

Duties and Responsibilities

• Comprehensive compliance monitoring of a designated portfolio of projects in the Asset Management portfolio financed by the HTFC and/or DHCR including HTF, TKEY, HOME, LIHC and SLIHC for regulatory compliance, physical and financial status and habitability standards.
• Conduct on site file review and physical inspections of LIHTC/ HOME/Housing Trust Fund/ Turnkey/ SLIHC/HUD236/Mitchell Lama/HCR projects.
• Interact frequently with Owners and property managers regarding the operation and management of the property; perform periodic site inspections and management evaluations as required by the project’s regulatory agreements and Agency policy.
• Implement and enforce the Agency’s regulatory requirements regarding financial reporting, property use restrictions, lease analysis and the low-income unit set aside requirements;
• Develop recommendations to enhance the long term financial and physical health of projects assigned to the Asset Manager
• Review financial and operating reports submitted by project owners; upon request, submit periodic Physical and Financial Status reports.
• Reviews project operations and record keeping for compliance with applicable laws and regulations;
• Prepare field reports, correspondence, and corresponding follow-up to site visits;
• Instructs managing general partners, managing agents and site staff on proper management practices for improving overall operation and compliance with applicable program requirements.
• Develop, implement and manage corrective action to resolve project non-compliance issues and enhance physical and financial performance of portfolio projects;
• Perform on-going project maintenance activities including review of rent increases, reserve withdrawals, insurance, leases and repair requests.

Qualifications

• Bachelor’s degree in real estate finance, accounting, or business administration, preferred.
• Requires minimum of 2 years’ experience in property management of affordable housing or closely related field, which may include real estate finance and/or accounting or business administration.
• Excellent analytical, organizational, problem-solving, computer & communication (oral & written) skills are essential.
• Certification and/or proficiency with HUD 4350 Requirements and Low-Income Housing Tax Credit Program Compliance, preferred.
• Proficiency in Microsoft Office (Word, Excel, and PowerPoint) are essential.
• Occasional overnight travel and a valid NYS driver’s license are required.
• Physical capacity to perform unrestricted travel and conduct building, unit inspections and on-site regulatory compliance audits.
• Substitutions: four years of specialized experience or associate degree and two years of specialized experience may substitute for bachelor’s degree; J.D. or master’s degree may substitute for one year of specialized experience; Ph.D. may substitute for two years of specialized experience.

What We Offer at NYS HCR

• Extensive benefits package including participation in New York State’s Health Insurance Program and New York State & Local Employees’ Retirement System.
• Promotional opportunities for dedicated professionals.
• Work-life balance benefits including a 37.5-hour work week, opportunity for compressed scheduling, and paid time off benefits (vacation, sick, personal days, and federal holidays).
• 12 weeks of Paid Parental Leave.
• Paid Family Leave.
• As a New York State employee, you may qualify to participate in the Federal Public Service Loan Forgiveness Program (PSLF).

About New York State Homes and Community Renewal

• Under the leadership of Governor Kathy Hochul and Commissioner RuthAnne Visnauskas, HCR is a vibrant, innovative agency that integrates and leverages New York State’s housing resources.
• We have offices in New York City, Albany, Buffalo, and Syracuse, and employ a diverse workforce of professionals who are hard-working and committed to serving low- and moderate-income families.
• Our mission is far-reaching, encompassing single and multifamily housing finance, home improvement, rent regulation, housing subsidies, and community development.
• We partner regularly with a variety of public and private stakeholders.
• Achieving this mission requires a wide range of skills and backgrounds in public policy, administration, real estate, construction, finance, law, and many other areas of expertise.
• We seek to provide a workplace environment that is productive, flexible, accountable, ethical, and caring.
• Our employees are empowered to make a difference where they live and work.
• We offer competitive pay and a comprehensive benefits package, including paid leave, health, dental, vision, retirement, and family-friendly policies.
• New York State is an Equal Opportunity Employer (EOE).