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PROGRAM MANAGER SENIOR II (058781)

Deputy Director, Multi-family Construction and Finance Operations

Recruitment #25-005483-0046

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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 of affordable housing and revitalizing communities.  This is an opportunity to join this nationally-reorganized, award-winning organization and apply your skills to this high public purpose and challenging area.  Annually, DHCD finances approximately 4,000 units of multifamily rental housing in 40 properties, amounting to $500 million in construction and permanent financing.  Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low income housing tax-credits, federal HOME funds and other federal funds.  Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for person with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.

The Division of Community Development Administration, Multi-Family has a current opening for it's Deputy Director of Multifamily Construction Finance Operations position.  This position has direct oversight of the Construction Finance Team and responsible for approving all disbursements of DHCD funds for the construction of affordable rental housing projects financed by the Department agencies (Moody's Investors Service, Fitch ratings) as well as quarterly portfolio reporting for all CDA (Community Development Administration) bond investors and state-appropriated funding sources.

 
 

GRADE

24

This position offers a salary range of $111,484 - $151,279/year, with potential for advancement up to $173,775 based on qualifications, equity, and hiring guidelines.  Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $151,279/year. 

LOCATION OF POSITION

7800 Harkins Road
Lanham, MD 20706

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

POSITION DUTIES

This position has direct oversight of the Construction Finance Team and responsible for approving all disbursements of DHCD (Department of Housing and Community Development) funds for the construction of affordable rental housing projects financed by the Department. The team works closely with the underwriters and construction management personnel who are responsible for underwriting and origination, and construction review and management for multi-million-dollar rental housing developments.

This position is a highly skilled and experienced financial professional who manages and supervises other financial professionals who are responsible for the financial management of a loan from initial closing to final closing. This includes, for each assigned loan, the review and approval of all draw requisitions, cost certifications, and the final determination of mortgage proceeds. It also includes review and comments on financial statements and preliminary capital budgets. This position oversees a team that reviews and approves the disbursement of loan funds to ensure compliance with the terms of the loan documents. 

MINIMUM QUALIFICATIONS

Education: A Bachelor’s Degree from accredited college or university in field of Business Administration, Finance, Economics, Public Administration or related field.

Experience: At least 6 years of experience disbursement of funds for construction of affordable housing projects or financial management of  a loan lifecycle.  Additionally, must have at least 3 years supervisory experience.

DESIRED OR PREFERRED QUALIFICATIONS

  • Experience with underwriting 
  • Experience with construction reviews 
  • Experience with Supervising Taxable and tax-exempt bond financing programs 
  • Experience managing a team that supports Low Income Housing Tax Credits and Tax exempt Bonds financing 
  • Experience with reviewing financial statements

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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