Vice President, Statewide Asset Management
1 month ago
New York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State.
Under the leadership of Governor Kathy Hochul and Commissioner RuthAnne Visnauskas, HCR is a vibrant, innovative agency that integrates and leverages New York State’s housing resources. We have offices in New York City, Albany, Buffalo and Syracuse, and employ a diverse workforce of professionals who are hard-working and committed to serving low- and moderate-income families. Our mission is far reaching, encompassing single and multifamily housing finance, home improvement, rent regulation, housing subsidies, and community development. We partner regularly with a variety of public and private stakeholders.
Achieving this mission requires a wide range of skills and backgrounds in public policy, administration, real estate, architecture, finance, law, and many other areas of expertise. We seek to provide a workplace environment that is productive, flexible, accountable, ethical, and caring. Our employees are empowered to make a difference where they live and work. We offer competitive pay and a comprehensive benefits package, including paid leave, health, dental, vision, retirement, and family-friendly policies.
The Office of Housing Preservation manages HCR programs that maintain and enhance the state’s portfolio of existing affordable housing. We enforce the Rent Laws in New York State for over 900,000 housing units, while providing federal and state rental assistance to assist more than 45,000 families across the state. We also monitor 130,000 low-income housing units financed with federal and state resources and provide grant funding to help homeowners and tenants save energy.
The Statewide Asset Management Unit is responsible for the asset management and compliance monitoring of the Agency’s existing housing loan portfolio. This portfolio has been financed under various loan and subsidy programs including financed under Federal and State housing programs including the Low-Income Housing Tax Credit; Housing Trust Fund; HOME, RAD, Mitchell Lama, and various other State housing programs.
The Vice President position entails multiple supervisory tasks while maintaining a highly rated fiscal standard for all HCR multifamily properties and loans.
DUTIES AND RESPONSIBILITIES:
The primary functions of the position include:
- Expand HCR’s integration efforts of its 4%, 9%, and Mitchell-Lama teams, focusing on eliminating redundant program requirements, streamlining asset management policies & procedures, and identifying and expanding cross-training opportunities. Supervise reorganizing, directing and hiring of an integrated Asset Management team.
- Coordinate with the 4%, 9%, and Mitchell-Lama portfolios to identify projects in which duplicative HCR reviews are performed to streamline Asset Management site audits across all portfolios.
- Oversee the optimized, integrated allocation and deployment of Asset Management staff and resources across the agency’s four regional offices in New York, Albany, Buffalo, and Syracuse.
- Keep current with all legal, regulatory and program requirements affecting Asset Management’s existing portfolio; notify HCR program staff, project owners and managers of any changes to these requirements, as well as any relevant compliance training opportunities.
- Work with senior Asset Management staff to develop policies and procedures for effectively monitoring projects entering Asset Management’s portfolio under any new program.
- Work with OHP’s leadership team to revamp staffing and succession plans.
- Coordinate Asset Management’s responses to any program audit, as well as implementation of any recommendations resulting from such audit.
- Work with HCR program and legal staff on the review of any proposed legislation that might affect the AMU portfolio or any related program.
- Interact with outside professionals, third party agencies, HPD, HDC, other state allocating agencies, experts in the field, etc. in obtaining information and materials to determine industry standards and broaden unit knowledge of alternative portfolio compliance and new Agency and Federal partner regulations.
- Oversee the completion of all Federal/State mandated compliance audits.
- Supervise all of HCR’s Asset Management reporting requirements on the federal, state, and local levels.
- Represent Asset Management in various internal unit meetings, meetings with owners and agents, updating compliance guidelines and monitoring progress of staff with their respective assignments.
- Spearhead the review all risk ratings and update the risk rating report as well as the unit's watchlist of troubled projects. Maintain the high-profile watchlist for discussion of resolutions with senior management.
- Develop, implement, and manage corrective action plans with the staff and property ownership to resolve project non-compliance issues.
- Review and approve project loan payoffs, management agent changes, ownership changes, and disbursements from HCR held reserve for replacement and tax and insurance escrow accounts.
- Coordinate Asset Management’s Internal Control oversight.
- Assist in the preparation of the Asset Management budget.
- Coordinate with appointed staffers the routine oversite of updates and additions to the Unit’s operational manual.
- Collaborate with various HCR departments to address new program or industry requirements.
- Other duties include ensuring the Agency's website is updated by the Compliance unit and that all communications with FEHO, Legal, Treasury, Accounting and other Agency units are maintained frequently and adequately.
QUALIFICATIONS:
- Requires a minimum of 15 plus years’ experience in affordable housing industry and various aspects of property management and low-income tax credit compliance.
- Bachelor’s degree in Management, Administration, Science, or Liberal Arts.
- Proven ability to assume a strong leadership role.
- Proven capability to facilitate an integration of established but differing business units, protocols, and policies.
- Strong knowledge of government housing programs (Housing Tax Credit, Mitchell-Lama, PBV Section 8, Enhanced Vouchers, Inclusionary Housing, HOME, RAD conversions, etc.)
- Proficiency in Microsoft Office applications, e.g., Excel, Word, Access and other computer platforms.
- Excellent oral and written communication skills.
- Detail oriented, proven training capabilities, strong mentoring, and analytical abilities a must.
- Ability to work independently and achieve firm deadlines due to time constraints associated with job functions.
- Residential real estate experience preferred.
- Knowledge of HQS inspections is helpful.
- Ability and willingness to travel and possess a NYS driver’s license.
-
Vice President, Statewide Asset Management
2 weeks ago
New York, United States State of New York Mortgage Agency Full timeNew York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State. Under the leadership of Governor Kathy Hochul and Commissioner RuthAnne Visnauskas, HCR is a vibrant, innovative agency that integrates and...
-
New York, New York, United States Brookfield Asset Management Full timeAbout Brookfield Asset ManagementBrookfield Asset Management is a global leader in alternative investment management, with a diverse portfolio of assets under management across real estate, infrastructure, renewable energy, private equity, credit, and insurance solutions.About the RoleThis is a unique opportunity to join our Strategic Partnerships team,...
-
New York, New York, United States Brookfield Asset Management Full timeAbout the Role:We are seeking a highly skilled and experienced professional to join our Real Estate Investment Management team as a Senior Vice President. As a key member of the team, you will play a pivotal role in leading all aspects of the due diligence process for our real estate funds. This includes overseeing the initial creation of diligence...
-
Equity Research Vice President
7 days ago
New York, New York, United States WELLS FARGO BANK Full timeAbout this Position:Wells Fargo is in search of a Vice President for Equity Research focusing on Asset Managers, Brokers, and Exchanges. This role is pivotal in our Corporate & Investment Bank (CIB) division, which offers a wide array of banking, capital markets, and advisory services to corporate, government, and institutional clients.Key...
-
Vice President of Asset Oversight
7 days ago
New York, New York, United States New York City Economic Development Corporation Full timePosition OverviewOrganizational Vision: To establish New York City as a leading example of inclusive innovation and economic advancement, driven by the diverse population and enterprises within the city.Organizational Mission: To foster a dynamic, inclusive, and globally competitive economy that benefits all residents of New York City.Role Summary:The Asset...
-
Vice President of Asset Oversight
2 weeks ago
New York, New York, United States New York City Economic Development Corporation Full timePosition OverviewOrganizational Vision: To establish New York City as a leading example of inclusive growth and innovation, driven by the diverse talents and enterprises within the city.Organizational Mission: To foster a dynamic, inclusive, and globally competitive economy that benefits all residents of New York City.Role Summary:The Asset Management...
-
Senior Vice President – Asset Recovery
2 weeks ago
New York, New York, United States Crédit Agricole CIB Full timeJOB TITLE: Vice President – Financial RestructuringDEPARTMENT: Distressed Assets – DASREPORTING LINE: Head of DAS AmericasThe Vice President will play a crucial role in managing Distressed Assets projects across the Americas. This position provides significant exposure to a diverse range of transactions, encompassing various product lines and industries...
-
Vice President – Distressed Assets
2 months ago
New York, United States Crédit Agricole CIB Full timeJOB TITLE: Vice President – Distressed AssetsDEPARTMENT: Distressed Assets – DAS REPORTING LINE: Head of DAS AmericasThe Vice President will be responsible for supporting Distressed Assets assignments in the Americas. The role offers great exposure to a variety of transactions (various Product lines/instruments, industries (Real Estate, Energy/Power /...
-
Vice President – Distressed Assets
2 months ago
New York, United States Crédit Agricole CIB Full timeJOB TITLE: Vice President – Distressed AssetsDEPARTMENT: Distressed Assets – DAS REPORTING LINE: Head of DAS AmericasThe Vice President will be responsible for supporting Distressed Assets assignments in the Americas. The role offers great exposure to a variety of transactions (various Product lines/instruments, industries (Real Estate, Energy/Power /...
-
New York, United States MUFG - Mitsubishi UFJ Financial Group, Inc. Full timeThe Credit Risk Manager position reports to the head of Growth & Middle Market Technology (GMMT) and Asset Based Lending (ABL) transactions for Credit Division of the Americas. This is a critical role in supporting both the GMMT and ABL franchise Lending, Vice President, Officer, Risk Manager, Credit, President
-
Vice President
3 weeks ago
New York, New York, United States Arena Investors, LP Full timeArena Investors, LP is a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated returns by employing a fundamentals based, asset-oriented financing and investing strategy across the entire credit spectrum in areas where conventional sources of capital are scarce.Arena is looking to expand the Securities...
-
Vice President of Private Equity
2 weeks ago
New York, New York, United States Selby Jennings Full timeVice President of Private Equity:A prominent firm specializing in industrial investments within the Middle Market is seeking to fill the role of Vice President. With assets under management exceeding $600 million, this organization boasts a robust history of providing significant returns to its investors and has effectively raised and allocated multiple...
-
New York, United States Goldman Sachs Full timeAsset & Wealth Management A career with Goldman Sachs Asset & Wealth Management is an opportunity to help clients across the globe realize their potential, while you discover your own. As part of one of the world's leading asset managers with over $2 trillion in assets under supervision, you can expect to participate in exciting investment opportunities...
-
Portfolio Management Vice President
2 days ago
New York, New York, United States Crédit Agricole CIB Limited Full timeAbout the RoleWe are seeking a highly skilled and experienced Portfolio Management Vice President to join our team at Crédit Agricole CIB Limited. As a key member of our Energy & Infrastructure Group, you will be responsible for managing our portfolio of assets and ensuring the quality of our data in our systems.Key ResponsibilitiesPortfolio Management: You...
-
Vice President of Legal Affairs
2 weeks ago
New York, New York, United States Larson Maddox Full timePosition Overview: Our client, a prominent player in the Private Equity sector, is seeking a Vice President of Legal Affairs to engage in significant fund operations and transactions while collaborating with international clients. This pivotal role will report directly to the Senior Vice President and Deputy General Counsel, providing remarkable...
-
Senior Vice President of Real Assets
2 weeks ago
New York, New York, United States Lazard Full timePosition OverviewLazard is recognized as a premier financial advisory and asset management firm globally. Our workforce is our greatest asset. With a team of over 3,000 professionals, we foster a collaborative environment where individuals eager to learn and share knowledge can thrive. We are committed to diversity, equity, inclusion, and allyship, which are...
-
New York, New York, United States The Goldman Sachs Group, Inc Full timeJob OverviewPosition: Vice President, Internal Audit - Asset ManagementThe Goldman Sachs Group, Inc. stands as a premier global investment banking, securities, and asset management firm, delivering a comprehensive array of financial services to a diverse clientele, including corporations, financial institutions, governments, and individuals. Established in...
-
Vice President
3 weeks ago
New York, United States Arena Investors, LP Full timeArena Investors, LP is a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated returns by employing a fundamentals based, asset-oriented financing and investing strategy across the entire credit spectrum in areas where conventional sources of capital are scarce.Arena is looking to expand the Securities...
-
Vice President Loan Workout Manager
3 months ago
New York, United States Carver Federal Savings Bank Full timeVice President Loan Workout Manager Corporate Title: Vice President FLSA: Exempt Department: Loan Workout Reports to: SVP - Chief Credit Officer Company Summary: Carver Bancorp, Inc. (NASDAQ: CARV), the holding company for Carver Federal Savings Bank (the "Bank"), is a federally chartered institution with approximately $744 million in assets and 110...
-
Sales Executive
4 days ago
New York, New York, United States IST Management Full timeAbout IST ManagementIST Management is a leading business process outsourcing company with over 26 years of experience in providing a range of services to litigation and corporate clients. Our team of experts offers e-Discovery services, including processing, hosting, court reporting, forensics, and analysis, as well as managed document review and managed...
