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HCD Financial Manager II (522562)

Deputy Director, CDA Finance

Recruitment #26-001225-0001

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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-recognized, award-winning organization and apply your skills to this high public purpose and challenging area.  Annually, DHCD finances approximately 2,700 units of multifamily rental housing in 40 properties, amounting to $350 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 persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.
 
 

GRADE

25

This position offers a salary range of $118,937 - $143,890/annually, with potential for advancement up to $185,523 based on qualifications, equity, and hiring guidelines.  Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $143,890/year.

LOCATION OF POSITION

7800 Harkins Rd, Lanham, MD 20706

DHCD offers a flexible work schedule, telework and job-sharing options, training, advancement and career path opportunities, casual business dress on Fridays, and a competitive salary. There is ample parking and our offices are located in walking distance to the New Carrollton MARC Train Station.

POSITION DUTIES

The Deputy Director of CDA Finance is responsible for the management of the accounting and financial operations for over $6 billion in assets and liabilities.  The Deputy Director partners with the Director to secure approximately $1 billion in tax-exempt and taxable bond financing each year to fund CDA’s core single family and multi-family affordable housing programs; deliver complex financial analysis and projections; prepare and review disclosures to investors and rating agencies; oversee annual bond indenture financial audits and the preparation of quarterly interim financial statements; manage accounting and finance personnel; and handle the active management of liquidity needs and investment recommendations with appropriate maturities and risk profiles.  

This is a highly complex and technical position. The position’s job duties are designed to support and enhance CDA’s mortgage lending functions.  The position requires experience and expertise in loan and investment accounting, financial analysis of mortgage loan and investment portfolios, derivative management, management of mortgage revenue bond portfolios, specialized financial and accounting software, and mortgage lending.  It requires an understanding of general and highly specialized accounting and finance – including generally accepted accounting principles, complex financial management systems, bond debt servicing, loan servicing, and real estate finance.  The position also requires extensive knowledge in mortgage lending.  The ability to interpret complex financial information and legal documents, mortgage lending practices and policies, and accounting pronouncements, and to translate this information into complex financial models is essential.  Finally, this position is also responsible for staff leadership and for the development of and compliance with accounting policies and procedures that meet the fiduciary responsibilities of CDA.

MINIMUM QUALIFICATIONS

Education: A Bachelor’s degree in Finance, Business Administration, Accounting or a related filed from an accredited college and or university. 

Experience: Two years of managerial/supervisory experience and five years of professional financial analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records.

Notes:

  1. Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination may be substituted for the educational requirement. 

  2. A Master’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university may be substituted for two years of the required experience.

  3. Candidates may substitute one year of professional financial analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles for 30 credits on a year-for-year basis for the required education.

  4. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting or Loan Officer Classifications, or Financial Management specialty codes in the accounting field of work in business and industry classification, or business and industry specialty codes in the housing management field of work on a year-for-year basis for the required experience.

DESIRED OR PREFERRED QUALIFICATIONS

  • A Master’s degree in accounting, finance or business administration from an accredited college and or university
  • Experience with tax exempt bond and or secondary market financing and complex financial analysis.
  • Demonstrated management experience in finance, accounting, or closely related fields 
  • Advanced experience with mortgage loan software 
  • Experience with excel, database management and financial systems software platforms 

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:

Jamaal Simpson 

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 jamaal.simpson@maryland.gov. Please include the following information in the body of the email: 

  • Attn: Jamaal Simpson, 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 301-429-7781. 

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.



Click on a link below to apply for this position:

Fill out the Supplemental Questionnaire and Application NOW using the Internet. Apply Online
View and print the Supplemental Questionnaire. This recruitment requires completion of a supplemental questionnaire. You may view and print the supplemental questionnaire here.
Apply via Paper Application. You may also download and complete the Paper Application here.

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