- Hourly / - BiWeekly /
- Monthly / $47,881.00-$76,432.00 Yearly
An Asset Management Officer Lead is the lead level of work managing multi-family housing project assets which secure State and federal loans in Maryland. Employees in this classification assign, review and approve the work of and train lower-level Asset Management Officers.
Employees in this classification receive general supervision from a designated administrator. The work requires traveling to project sites that are located throughout the State.
Positions in this classification are evaluated using the classification job evaluation methodology. The use of this method involves comparing the assigned duties and responsibilities of a position to the job criteria found in the Nature of Work and Examples of Work sections of the class specification.
The Asset Management Officer Lead is differentiated from the Asset Management Officer II in that the Asset Management Officer Lead assigns, reviews and approves the work of and trains lower-level Asset Management Officers while the Asset Management Officer II performs the full range of duties and responsibilities under general supervision. The Asset Management Officer Lead is differentiated from the Asset Management Officer Advanced in that Asset Management Officer Advanced manages and improves the viability of complex troubled multi-family housing projects.
Assigns and reviews multi-family housing projects to lower-level asset management officers;
Provides guidance, technical assistance and training to lower-level asset management officers;
Manages multi-family housing project assets which secure State and federal loans in Maryland;
Monitors property income and expenses of multi-family housing projects;
Conducts financial analysis and escrow analysis, review independent audits and cyclical financial reports of multi-family housing projects;
Reviews occupancy documentation and on-site occupancy files of multi-family housing projects to ensure that rent-up period target dates are met and that occupancy rates indicate viability of a project;
Conducts periodic on-site inspections of multi-family housing projects to evaluate office records, marketing efforts, physical conditions of assets and ensure compliance with applicable State and federal policies and regulations;
Recommends corrective measures involving marketing efforts, rents and physical asset conditions to property owners when analysis, inspections and monitoring results indicate that a project is experiencing management difficulties;
Negotiates conflict resolutions with property owners, creditors, local government officials and public and private organizations;
Assists with the development and modification of policies, guidelines and regulations concerning the multi-family housing asset program;
Performs other related duties.
Knowledge of the policies, procedures, laws and regulations applicable to multi-family housing project asset management;
Knowledge of federal and State housing programs;
Knowledge of real estate law;
Knowledge of financial and accounting practices;
Skill in interpreting and analyzing financial data;
Skill in evaluating multi-family housing project problems and developing various resolution recommendations;
Skill in using automated data processing equipment and software;
Ability to negotiate conflict resolutions with property owners, creditors, local government officials and public and private organizations;
Ability to communicate effectively;
Ability to perform arithmetic calculations;
Ability to develop and present reports, analyses and recommendations;
Ability to establish and maintain effective working relationships with property owners, creditors, local government officials,representatives from public and private organizations and the general public;
Ability to train lower-level Asset Management Officers;
Ability to assign and review work of lower-level Asset Management Officers.
Education: A Bachelor's degree in Business Administration, Management, Finance or related field.
Experience: Three years of experience managing multi-family housing project assets which secure State and federal loans.
1. Additional experience as described above may be substituted on a year-for-year basis for the required education.
2. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Financial Analysis classification series or Financial Analysis specialty codes on a year-for-year basis for the required experience and education.
Class specifications are broad descriptions covering groups of positions used by various State departments and agencies. Position descriptions maintained by the using agency specifically address the essential job functions of each position.
This is a Skilled Service classification in the State Personnel Management System. All positions in this classification are Skilled Service positions. Some positions in Skilled Service classifications may be designated Special Appointment in accordance with the State Personnel and Pensions Article, Section 6-405, Annotated Code of Maryland.
This classification is assigned to Bargaining Unit G, Engineering, Scientific and Administrative Professionals classes. As provided by the State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded from collective bargaining. Additionally, certain executive branch agencies are exempt from collective bargaining and all positions in those agencies are excluded from collective bargaining.