Senior Legal Counsel for Public Authorities

3 weeks ago

New York, New York, United States New York State Housing Finance Agency Full time
Job Summary:

The New York State Housing Finance Agency is seeking a highly experienced Senior Legal Counsel to join our team as the Vice President and Deputy Counsel for Public Authorities. This is a senior department level position reporting directly to the General Counsel. The successful candidate will be responsible for leading the team providing legal services for the New York State Housing Finance Agency and its subsidiary, as well as for the State of New York Mortgage Agency and the New York State Municipal Bond Bank Agency.

The legal work of the HFA/SONYMA Legal Department is largely transactional. Attorneys work on HFA bond financed multi-family housing projects from initial financing through permanent conversion following construction completion. The VP and Deputy Counsel will have overall responsibility for the management of the HFA/SONYMA Legal Unit with primary legal responsibility for bond issuances by the Agencies. The candidate will provide legal and financial advice on the HFA and SONYMA financings and programs and participate with other senior staff in setting SONYMA program rates and financing plans.

The candidate will be responsible for corporate governance of each of the Agencies, including all Board-related activities as well as Agency legislation and State reporting responsibilities under the Agencies' statutes and the State Public Authorities Law. The candidate assists the General Counsel in directing, coordinating, and planning a broad variety of activities of the HFA/SONYMA Legal Department. The candidate helps determine priorities in the deployment of the department resources and in services to be rendered and shares responsibility for the formulation of policy and for decision making in areas that may include the following:

  • Provides legal advice and support to the General Counsel and to Agency senior staff on all aspects of bond issuances and bond-funded programs by the various Agencies.
  • Provides legal advice and support to the General Counsel on all matters of corporate governance for the Agencies including responsibility for the preparation for and conduct of board meetings, oversight of the governing statutes and formation documents and compliance with State and Federal statutory reporting requirements.
  • Oversight and support of all aspects of real estate project financing and other legal areas related thereto.
  • Oversight and general supervision of legal personnel and resources including with respect to hiring, promoting, evaluating, training and retaining department staff.
  • Assists the General Counsel to formulate legal guidelines and standards, including determining the goals and methodology for achieving the goals set for the Office of Legal Affairs staff.

Qualifications:

The ideal candidate will have 15 years of legal experience with significant experience in structured finance law with a preference for tax-exempt bond finance experience. The candidate should have significant experience with sophisticated real estate transactions, secured financing, construction lending and mortgage loan portfolio management, or have a good understanding of the preceding together with government experience and experience with the legislative process. The candidate should also have experience providing advice to senior executive level officers, including advice and interaction with boards of directors. Experience leading and managing teams of lawyers and professional staff is also required. The candidate should be able to establish effective working relationships with staff, outside attorneys, and consultants. The ability to manage outside counsel and work under pressure is also essential. Excellent oral and written communication skills, strong analytical and organizational skills, and a record of productivity are also required.

This is an exciting opportunity to be part of New York's resurgence to greatness. The New York State Housing Finance Agency offers an extensive benefits package including paid leave, excellent health, dental, vision and retirement benefits. Promotional opportunities are also available for dedicated professionals.

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