- Hourly / - BiWeekly /
- Monthly / $46,942.00-$74,933.00 Yearly
An Asset Management Officer Advanced is the advanced level of work managing multi-family housing project assets which secure State and federal loans in Maryland. Employees in this classification have do not supervise other positions.
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 Advanced is differentiated from the Asset Management Officer II in that the Asset Management Advanced manage and improve the viability of complex troubled multi-family housing projects while the Asset Management Officer II performs the full range of duties and responsibilities under general supervision. The Asset Management Officer Advanced is differentiated from the Asset Management Officer Lead in that the Asset Management Officer Lead assigns, reviews and approves the work of and trains lower-level Asset Management Officers.
Manages troubled multi-family housing project assets which secure State and federal loans in Maryland;
Conducts intensive financial analysis and escrow analysis, reviews independent audits and cyclical financial reports to evaluate the viability of troubled multi-family housing projects;
Develops workouts and corrective action plans for troubled multi-family housing projects;
Directs property owners in the implementation of corrective action plans for troubled multi-family housing projects;
Monitors the income and expenses, conducts frequent on-site inspections and reviews occupancy documentation of troubled multi-family housing projects to ensure that corrective measures are improving the viability of the project;
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 resolutions;
Skill in using automated data processing equipment and software;
Ability to develop workouts and corrective action plansto improve the viability of complex troubled multi-family housing projects;
Ability to negotiate conflict resolutions with property owners, creditors, local government officials and public and private organizations;
Ability to direct property owners in the implementation of corrective action plans for troubled multi-family housing projects;
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.
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.