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PROGRAM MANAGER SENIOR II (045571)

Director, Multi Family Asset Management

Recruitment #26-005483-0018

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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 and development of multifamily affordable, business and community development, and single family lending.  DHCD has an immediate opening for a Program Manager Senior II, Director, Multifamily Asset Management in the Division of Credit Assurance (DCA).

The Multifamily (MF) Division of DCA provides asset management for a large (and growing) portfolio of loans used to finance affordable housing projects throughout the State of Maryland.  The MF (Multi Family) team ensures the performance and security of MF loans made by DHCD and the quality of the projects financed by those loans.
 
 

GRADE

24

This position offers a salary range of $111,484 - $134,802/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 $134,802/year. 

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

The Director of Multifamily Asset Management (MF Director) reports to the DCA Deputy Director and must possess the knowledge to assist the DCA Director and Deputy Director in the overall administration of the Division of Credit Assurance’s Multi-Family Asset Management team. The MF director oversees the team responsible for monitoring the physical and financial condition of multi-family housing projects, conducting compliance reviews, analyzing risk, planning and implementing strategies needed in cases of loan default, payoff, foreclosures, and disposition, and monitoring the performance of third-party loan servicers. The MF Director assists the DCA Director and DCA Deputy Director is responsible for asset management transactions, loan workout and enforcement, multi-family mortgage insurance programs, and daily oversight for finance, risk management, planning and general divisional administration.

MINIMUM QUALIFICATIONS

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

Experience: At least 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

  • Experience in underwriting or asset management of commercial loans or multifamily affordable housing projects and properties. 
  • Work experience with Federal affordable housing, subsidy or loan programs such as Risk-Sharing Program, HOME, USDA Rural Development, LIHTC, Section 8, Section 811 and RAD and compliance monitoring protocols (e.g. HOTMA, NSPIRE, REAC). 
  • Experience working in a finance, accounting or audit position at a public or private organization reviewing or working with commercial 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.




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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