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Program Manager II (053464)

Portfolio Manager, Multifamily Asset Management

Recruitment #20-005477-0012

Introduction

 

This is a Management Service position with full State of Maryland benefits

Work that Matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing and development of affordable housing and community development lending.  DHCD has an immediate opening for a Program Manager in its Division of Credit Assurance.  This individual will be responsible for supervising portfolio managers in our DCA Multifamily Unit.  This position will supervise the monitoring of assigned portfolio of housing projects, evaluates the performance of private firms managing the projects, and plan and implements strategies needed to improve the performance of marginally performing projects. The principle activities of the team include reviews of financial reporting, physical inspections, management reviews, and compliance.  The Team also manages routine processes like maintaining current records, disbursement of reserves, loan payoffs, etc.  The goal of this activity is to ensure the viability of the State’s security and the benefits to low and moderate income Marylanders.

GRADE

20

LOCATION OF POSITION

7800 Harkins Rd Lanham, MD 20706

The Department of Housing and Community Development Headquarters is located in Prince George's County across from the New Carrollton Metro stop.

Free parking is available to the Department's employees on site at the present time; however, please be advised that this is subject to change. The Department is also accessible by MARC, WMATA, and other public transportation options.

POSITION DUTIES

This Portfolio Administrator is responsible for the administration of one of the Division of Credit Assurance's Multifamily Asset Management Teams. This Team monitors the physical and financial condition of an assigned portfolio of multifamily housing projects, evaluates the performance of private firms managing the projects, and plans and implements strategies needed to improve the performance of marginally performing projects. The principle activities of the team include reviews of financial reporting, physical inspections, management reviews, and risk rating. The Team also manages routine processes like maintaining current records, disbursement of reserves, loan payoffs, etc. The goal of this activity is to ensure the viability of the State's security and the benefits to low and moderate income Marylanders.

MINIMUM QUALIFICATIONS

Education: Possession of a bachelor’s degree from an accredited college or university.

Experience: Four years of progressively responsible work experience managing a complex multifamily loan portfolio in which one year of work experience must be in a supervisory capacity.

Notes:

1. Additional work experience can be substituted on a year-for-year basis for the four years of required education.

2. Candidates may substitute additional graduate level education at an accredited college or university at the rate of 30 semester credit hours for each year of the required experience.

3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer involving staff work that included the regular independent judgment and analysis in applying and interpreting complex administrative plans, recommendations for improvement on a year to year basis for the required education and experience.

SELECTIVE QUALIFICATIONS

Those who are not using U.S. Armed Forces Military Services experience or additional graduate level credits to substitute for experience must also have two years of experience in the development of asset management or management of affordable multifamily housing.

DESIRED OR PREFERRED QUALIFICATIONS

  • Strong oral and written communication skills
  • Ability to work in a fast-paced, deadline-driven environment  
  • Background in finance
  • Ability to analyze financial statements
  • Knowledge of and experience with federal state housing programs

SELECTION PROCESS

Please provide sufficient information on your application to document that you meet the minimum qualifications for this recruitment. Unofficial transcripts, certifications or diplomas to document educational or certification qualifications are required. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification. Successful candidates must document eligibility to work in the U.S. upon hire.

Please Note: The Maryland Department of Housing and Community Development is not sponsoring new employees in application of the H-1B Visa at this time due to budgetary constraints. All applicants must be legally authorized to work in the United States under the Immigration and Reform Control Act of 1986. Federal regulations prohibit H-1B Visa candidates from paying sponsorship fees, all sponsorship fees must be assumed by the potential employer.

EXAMINATION PROCESS

The examination will consist of a rating of your education, training, and experience related to the requirements of the positions. You may be required to complete a qualifications supplement, or the rating may be based on your application. Therefore, it is important that you provide complete and accurate information on your application. Report all experience and education that is related to these positions.

BENEFITS

FURTHER INSTRUCTIONS

Online applications are STRONGLY preferred. However, if you wish to submit a paper application, you may mail your application and materials to:

Mrs. Kathleen Hubbard

Department of Housing and Community Development  

Office of Human Resources

7800 Harkins Road, Lanham, MD 20706

All application materials must be received by the filing deadline. If you are unable to upload your transcripts into the system, please send via email to kathleen.hubbard@maryland.gov. Please include the following information in the body of the email:

  • Attn: Kathleen Hubbard, HR Generalist
  • Your First and Last Name  
  • Recruitment #
  • Classification (Job Title) of Recruitment

Incorrect application forms, or resumes in place of the application, will not be accepted. If you are interested in this position and cannot apply online please fill out the paper application. For questions concerning this position, please call 301-429-7418.  

TTY Users: call via Maryland Relay.  

We thank our Veterans for their service to our country, and encourage them to apply.

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.




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