Asset Manager I

Primary Purpose of Position: The Asset Manager I assists with the oversight of regulatory administration of some of the more standardized projects within MaineHousing’s multi-family portfolio as well as properties under the PBCA contract held with Housing and Urban Development (HUD). The position is responsible for working with Asset Manager II’s and Asset Manager III’s, owners and management companies throughout Maine as well as federal regulatory agencies providing funding and contract work.

Responsibilities

• Review projects for compliance to federal, state and agency regulatory requirements and proactively monitor to anticipate developing issues and risks that could impact MaineHousing’s financial exposure in the investments.
• Perform essential key tasks required under the Performance Based Contract Administration (PBCA) held with HUD.
• Maintain working knowledge of various federal and state program regulations applicable to the portfolio including Bond regulations, Code of Federal Regulations, HUD Handbook 4350.3, Sec 8 Contract Renewal Guide, Special Claims, Fair Housing Laws and Section 504 Requirements as well as any new programs coming online.
• Respond to resident, owners, managers, and other external inquiries and issues through telephone, written, and electronic mediums.
• Provide support to the Asset Manager II and III’s in processing ownership transfers that include a subsequent loan component.
• Other duties as assigned.

Requirements

• Education and two years of relevant work experience or a combination of education and training preferred.
• Experience with comprehending and interpreting legal documents and regulatory guidelines, and experience with the affordable housing industry highly desired.
• Certified Occupancy Specialist Training (COS) and Fair Housing Training.
• Develop competency with multiple department databases: Prolink, HDS, HUD Secure Systems. Training and certifications to be obtained within the first year of employment or as the courses become available.

Skills

• Experience working with multifamily real estate.
• Ability to understand and interpret regulatory documents and State and Federal statutes and regulations.
• Strong project management, time management, and organizational skills.
• Strong PC skills using various software including Microsoft 365 (especially Word and Excel), ShareFile/SharePoint, Windows, internet browsers.
• Ability to establish and maintain good working relationships with business partners.
• Excellent communication skills – speaking, writing, and listening via phone, email, and in-person meetings.
• Ability to communicate effectively in front of groups.
• Ability to take initiative, work independently, and use creativity and analytical skills to resolve complex issues among multiple parties.

Working Conditions

• Fast paced environment with multiple priorities, interruptions & deadlines.
• MaineHousing office hours are Monday – Friday from 8:00am to 5:00pm.
• A hybrid schedule may be considered, if appropriate, after 6 months employment.

Benefits

• Comprehensive benefits package, including health, dental, and vision insurance.
• Retirement options with employer match.
• Life insurance, short and long-term disability.
• Employee assistance program.
• Generous earned time and all major federal holidays.
• Eligibility for the Public Service Loan Forgiveness Program.

Pay

The starting hourly rate for this position is $22.1716 (annual $46,117).