SVP/Director of Mortgage Insurance Fund
New York State Homes & Community Renewal · New York, NY · 2 days ago
On-siteFinanceFull-time
We need to output HTML fragment with sections: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. Only include sections that have real specific content. We must not repeat job title. Must not include Job ID etc. Must preserve all substantive info, no invented details. Remove boilerplate etc.
We need to parse the posting.
First, there is an introductory paragraph about HCR and SONYMA. That could be "About the role". The posting includes background about SVP/Director of SONYMA Mortgage Insurance Fund (MIF). That's about the role.
Then "DUTIES AND RESPONSIBILITIES:" list.
Then "WHO YOU ARE:" list of qualifications/experience.
Then "WHAT WE OFFER AT NYS HCR:" benefits.
Also there is "ABOUT NEW YORK STATE HOMES AND COMMUNITY RENEWAL:" which is more about agency; could be part of About the role or separate? Probably part of About the role.
We need sections: About the role (maybe combine background and agency description). Responsibilities (duties). Requirements (maybe the "WHO YOU ARE" includes qualifications). Qualifications (maybe master's degree preferred, 10 years experience). Skills (analytical, management, communication, etc). Benefits (the WHAT WE OFFER). Pay (not mentioned). Schedule (maybe mention 37.5-hour work week, compressed scheduling, flextime). So we have schedule info.
Pay: not mentioned, so we should NOT include Pay section.
We must not include sections with filler like "commensurate with experience". Not present.
Thus sections: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Schedule.
We need to ensure we don't duplicate content. Let's extract.
About the role: combine introductory paragraphs and background and agency description.
From posting:
"New York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State. This position is with HCR’s State of New York Mortgage Agency (SONYMA). This is not a civil service position, and a civil service exam is not required. Candidates must meet the minimum qualifications outlined below to be considered. NYS Homes and Community Renewal (HCR) is committed to fostering a culture of diversity, equity, inclusion, and accessibility. Our work would not be possible without the diverse backgrounds, experiences, ideas, and abilities of our employees. HCR is committed to developing a workforce that represents the diverse population of New York State. HCR embraces a diverse and inclusive work environment by encouraging all individuals, including those with disabilities, to apply to open positions at the agency."
Then BACKGROUND: "The SVP/Director of the SONYMA Mortgage Insurance Fund (MIF) is an Executive-level position within HCR – the State’s integrated housing agency. The MIF’s mission is to promote the preservation and revitalization of communities across the State of New York by providing insurance on mortgage loans that encourages investment of capital by commercial and public lenders. This position is responsible for contributing to the success of HCR by actively managing its portfolio of policies in force for eligible multifamily and single-family loans. The SVP will also actively oversee and direct investment of eligible MIF reserves in its accounts to meet the mission, goals and objectives of the Agency."
Then "ABOUT NEW YORK STATE HOMES AND COMMUNITY RENEWAL:" paragraph about leadership, offices, mission, etc.
We can combine all into About the role.
Responsibilities: list from DUTIES AND RESPONSIBILITIES:
- Report directly to the Commissioner/CEO and manage a professional staff and liaise with insured mortgagors or their servicers regarding insured mortgage loans and work-outs of distressed loans.
- Supervising the underwriting of applications for mortgages insurance.
- Presenting to-be insured loans to SONYMA’s Board.
- Reviewing MIF commitments to insure.
- Timely preparation and submission of annual budget requests.
- Reviewing Treasury’s investment of MIF’s insurance reserves and calculating MIF’s excess balance, if any.
- Working with Division of Budget on the allocation of excess balance funds and reserves as provided for in the annual State budget.
- Ensure maintenance of relationships and provision of information to Moody’s to maintain MIF’s Aa1 rating.
- Additionally, this role chairs the Agency’s credit committee.
- The MIF employs a staff of approximately 11 people who staff its legal, underwriting, and servicing units.
We need to put each as .
Requirements: maybe the "WHO YOU ARE:" list includes experience and education etc. But we have separate sections for Requirements, Qualifications, Skills. We need to decide what goes where.
"WHO YOU ARE:" includes:
- 10 years of specialized experience
- Master’s degree preferred
- Familiarity/experience with underwriting multifamily and single family mortgage loans
- Proven track record establishing credit risk policies and risk mitigation systems
- Excellent analytical, management and communication skills are essential
- Ability to foster collaboration between different stakeholders
- Positive, pragmatic approach to problem resolution
- Demonstrated ability and willingness to be part of, and invest in, a team
We can split: Requirements could be the hard requirements: 10 years of specialized experience, Master’s degree preferred (maybe qualification), Familiarity/experience with underwriting multifamily and single family mortgage loans, Proven track record establishing credit risk policies and risk mitigation systems.
Qualifications could be education: Master’s degree preferred (maybe also 10 years experience?). But we need to avoid duplication. Perhaps Requirements: 10 years of specialized experience, Familiarity/experience with underwriting multifamily and single family mortgage loans, Proven track record establishing credit risk policies and risk mitigation systems. Qualifications: Master’s degree preferred. Skills: Excellent analytical, management and communication skills; Ability to foster collaboration; Positive, pragmatic approach to problem resolution; Demonstrated ability and willingness to be part of, and invest in, a team.
That seems reasonable.
Benefits: from "WHAT WE OFFER AT NYS HCR:" and additional SONYMA/HFA/AHC Benefits.
List:
- 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). The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under an accepted repayment plan and while working full-time for an eligible employer.
- Additional SONYMA/HFA/AHC Benefits:
- 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 $650 per year, per family. Unused yearly balances may be carried over to next year for a maximum of $1,300.
We need to put these as under Benefits.
Schedule: from benefits we have "Work life balance benefits include a 37.5-hour work week", "Opportunity for compressed scheduling.", "Opportunity for compressed/flextime scheduling." So schedule section can include those.
We should not duplicate schedule info in Benefits; but we can keep schedule separate and maybe also keep work life balance in Benefits? The instruction: Prefer a few substantive sections over many thin ones. But we need to include schedule if present. We could keep schedule separate and maybe not repeat in Benefits. However the benefits section includes work life balance benefits; we could keep that as part of Benefits and still have Schedule section referencing compressed/flextime. But that would duplicate some info. Better to keep schedule separate and maybe remove from Benefits? But we must preserve ALL substantive information; we cannot remove info. So we need to keep the info somewhere. If we put schedule info in Schedule section, we still need to keep the work life balance benefits info somewhere; we could keep it in Benefits as well, but that duplicates. The instruction says "Preserve ALL substantive information; do NOT invent or summarize away detail." Duplication is not prohibited; it's okay to repeat? It didn't forbid duplication. It says remove duplicated lines (boilerplate). But repeating substantive info across sections might be okay but could be considered duplication. However it's safer to keep the info in Benefits and also include schedule specifics in Schedule section (maybe just the compressed/flextime). But the 37.5-hour work week is also schedule. Could include that in Schedule.
Thus Benefits section will include all benefits except the schedule-specific items? But we need to preserve all info; we can still include schedule items in Benefits as well, but that duplicates. Might be okay but maybe better to keep schedule separate and keep the generic benefits (health, dental, vision, retirement, paid leave, promotional opportunity, PSLF, Cash for Wellness, tuition reimbursement, vacation buy-back, Plum Benefits, optical reimbursement) in Benefits, and schedule items (37.5-hour work week, paid time off, compressed scheduling, flextime) in Schedule.
Let's extract schedule items:
- 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.
- Opportunity for compressed/flextime scheduling.
Also Paid Parental Leave and Paid Family Leave are benefits but also time off; but they are leave benefits, could stay in Benefits.
Thus Benefits list:
- 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.
- 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). The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under an accepted repayment plan and while working full-time for an eligible employer.
- Additional SONYMA/HFA/AHC Benefits:
- 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 $650 per year, per family. Unused yearly balances may be carried over to next year for a maximum of $1,3