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PROGRAM MANAGER IV (045545)

Deputy Director, Multifamily Compliance and Quality Control

Recruitment #24-005479-0007

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Introduction


This is a Management Service position with full Maryland State Benefits 

Work that Matters.  The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing and development of business and community development, multifamily affordable and single family lending. DHCD has an immediate opening for a Program Manage III, Multifamily Portfolio Administrator, Special Loans & Workout Manager (Workout Manager) in the Multifamily (MF) Division

Located in the Division of Credit Assurance, the MD unit provides asset management for a large (and growing) portfolio loans under a variety of programs with an outstanding aggregate loan portfolio balance of over $1.3 billion used to finance affordable housing projects throughout the State of Maryland.  The MF team ensures the performance and security of MF loans made by DHCD and the quality of the projects financed by those loans.

The Deputy Director of Compliance works alongside the Deputy Director of Operations and has primary responsibility for overseeing the teams responsible for ensuring timely and accurate data collection and analysis and the team handling troubled and at risk loan monitoring and mitigation for the most difficult and complex loan workouts.  The Deputy Director of Compliance also takes a lead role in reviewing, creating and updating policies and procedures to ensure that they are up to date with current laws, regulations and program guidelines.

DHCD offers a flexible work schedule, telework options; training, advancement and career path opportunities; casual business dress on Fridays and a competitive salary. The DHCD Headquarters is located at 7800 Harkins Road Lanham, MD next to the New Carrollton metro stop. 
 

GRADE

22

LOCATION OF POSITION

7800 Harkins Road 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.

POSITION DUTIES

This position is responsible for assisting the Director of Multifamily Asset Management and the Department with ensuring that multifamily programs, asset management, servicing and related functions are operated in accordance with program requirements, policies and procedures, contracts and legal requirements, multifamily programs, policies and procedures are operated consistently, accurately, and efficiently, throughout the Department and with third parties, and that necessary and appropriate modifications are identified and recommended, the vendors, contractors, other divisions in the Department, and other third parties that interact with and support DCA are performing in a manner consistent with the Department’s expectations; and timely and accurate information regarding multifamily projects and loans is maintained and communicated between DCA, other divisions within the Department, OS and other third parties. 

The purpose of Multifamily Asset Management is to ensure the continued security of multifamily loans made by DHCD and the quality of the communities funded with those loans. The goal of this activity is to ensure the viability of the State's security and the benefits to low and moderate income Marylanders. The Deputy Director leads DCA in ensuring that this goal is met with respect to multifamily program loans.

The Deputy Director will report to and keep the DCA Director, Deputy Director, MF Director, and other program directors current on matters impacting the Department’s compliance and changes in the industry and at other levels of government which impact the Departments programs and policies.

This position leads and supervises staff responsible for maintaining the integrity of the data and information regarding the Department’s multifamily portfolio loans and projects and works hand-in-hand with the Director and Deputy Director of Multifamily Operations in ensuring the successful administration and direction of the multifamily unit, continued security of multifamily loans made by the Department and the quality of communities funded with those loans.

MINIMUM QUALIFICATIONS

Education: A bachelor’s degree from an accredited college or university.  

Experience:  Minimum four (4) years of experience in underwriting, credit analysis, servicing, compliance, asset management or risk mitigation, at a state or Federal housing agency or a public or private lending institution - or similar experience at other than an agency or lending institution working with multifamily residential or other commercial assets - including at least two (2) years in a management, supervisory or other leadership capacity.

Notes:

1. Additional professional and job experience as defined above may be Substituted for 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 involving staff works that include the regular independent judgment and analysis in applying and interpreting complex administrative plans, policies, rules or regulations or analysis of operational programs or procedures with recommendations for improvement on a year-to year basis for the required education and experience.

DESIRED OR PREFERRED QUALIFICATIONS

  • At least four years’ experience in compliance review or asset management of multifamily affordable housing projects and properties.
  • Experience with Federal affordable housing, subsidy or loan programs such as Risk-Sharing Program, Section 8, HOME, USDA Rural Development, LIHTC, Section 8, Section 811 and RAD and compliance monitoring protocols (e.g. HOTMA, NSPIRE, REAC).
  • Experience with underwriting and asset management procedures and legal documents used in the financing of commercial and/or multifamily loans.

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 H1B 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 position. 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 this position.

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:

Miles Peterson 

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 miles.peterson@maryland.gov. Please include the following information in the body of the email: 

  • Attn: Miles Peterson, 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 these positions and cannot apply online please fill out the paper application. For questions concerning these positions, please call 301-429-7566. 

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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