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City of New York · 3 weeks ago

Senior Project Manager, Federally Assisted Portfolio Preservation Programs for the Division of Preservation Finance

New York City, NY

Full-time

Onsite

Mid, Senior Level

$63K/yr - $88K/yr

The City of New York's Department of Housing Preservation & Development promotes quality and affordability in housing. The Senior Project Manager will manage the intake, assessment, and underwriting of projects applying for financing and tax benefits, ensuring timely completion and facilitating approvals necessary for closings.

GovernmentLegalPublic Relations

Responsibilities

Performing general project management duties for a range of capitally funded preservation transactions, as needed, including acquisitions, construction loan closings, troubleshooting projects in construction, facilitating project closings, project completion and loan conversions, and preparing recommendations for work-outs

Reviewing and analyzing mortgage notes, regulatory agreements and other related documents requiring understanding and applying of complex regulations

Advanced financial modeling with an emphasis on affordability analysis, real estate tax benefit analysis, and cash flow projections including creating pro formas in Excel

Reviewing legal documents and coordinating loan closings with other HPD divisions and programs

Ensuring timely completion of transactions

Reviewing, analyzing, and commenting on underwriting and preservation proposals submitted by project sponsors and making recommendations to senior staff about feasibility, and facilitating approvals necessary for closings, including credit approval

Producing detailed reports, memoranda, presentations, and written correspondence regarding projects, programs, new initiatives, or other special projects, as needed

Engaging in programmatic policy discussions to provide recommendations to Executive Director/Director/Deputy Director

Acting as a liaison with developers, financial institutions, community groups, and other governmental agencies to preserve affordable housing

When directed by Executive Director, Director or Deputy Director, communicating with interagency partners and external parties to facilitate program goals and policies; representing the Director and Deputy Director in meetings with internal and external partners

Assisting in onboarding and training other project managers and other Division staff and more junior Project Managers including providing direct mentorship on projects related to closing processes

Qualification

Financial modelingUnderwriting experienceHUD program knowledgeExcel proficiencyProject managementAnalytical skillsVerbal communicationWritten communicationDetail-orientedSelf-motivated

Required

A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or

High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or

Education and/or experience which is equivalent to '1' or '2' above. However, all candidates must have at least one year of experience as described in '1' above