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New York City Housing Development Corporation · 20 hours ago

Asset Manager

New York, United States

Full-time

Onsite

Entry, Mid Level

$65K/yr - $75K/yr

2+ years exp

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. The Asset Manager will handle a portfolio of construction loans and Mitchell-Lama properties, with responsibilities related to compliance, construction lending, and property data management.

FinanceLendingProperty Development

Comp. & Benefits

Responsibilities

Works with Preservation Finance and Legal Departments on Construction and Permanent loan closings

Reviews and authorizes advances for construction, loan, and reserve account releases

Works with Cash Management to release construction funds for advances upon receipt of clear title

Maintains property data and prepares reports and status accounts

Assists in analyzing potential risks and concerns within the portfolio

Explores solutions with managing agents and owners on compliance and financial problems

Collaborates on monthly Construction Monitoring Report

Qualification

Loan administrationConstruction lendingReal estate documentsMicrosoft ExcelProject managementAnalytic skillsProblem-solving skillsVerbal communicationWritten communication

Required

A bachelor's degree from an accredited college in finance, real estate, business administration or accounting

A minimum of 2 years of relevant experience with federal, state, or local housing programs, or a satisfactory combination of education and/or experience equivalent to the above

Thorough understanding of loan administration, construction lending, and funding procedures

1-3 years of Microsoft Excel experience performing intermediate-level functions

Knowledge and understanding of real estate documents, including Construction and Loan Notes, Loan Agreements, Disbursing Agreements, and Mortgages

Understanding of payment applications including appraisals, AIA forms, contractor certifications, and lien waivers

Ability and experience managing projects and time-sensitive deadlines

Superior organizational, analytic, and problem-solving skills

Strong verbal and written communication skills