Asset Management Analyst (LS2)

Oregon Department of Human Services; Salem (VA); Hybrid; USD 61,000 - 93,000; Full time

Benefits offered by this job

Employer-paid health insurance

Vacation & sick leave

11 paid holidays

3 paid personal days

Flexible spending accounts

PERS retirement plan

Job summary

Oregon Housing and Community Services (OHCS) is seeking an Asset Management Analyst to serve as the primary contact for multifamily portfolios in the Asset and Preservation Management Unit. The role focuses on financial reporting, regulatory compliance, and portfolio health to sustain long-term viability of housing investments.

The position requires substantial loan analysis experience and a strong GAAP understanding, with a hybrid work arrangement in Salem, OR.

Qualifications

• Five years’ experience in either preparing or analyzing residential, commercial, or public sector loan applications using cash flow, financial statements, historical and annual operation analyses; including collections and foreclosure procedures; or Processing real estate transactions including qualifying, evaluating and extending credit to borrowers, and property inspections; or Marketing, analyzing, servicing or underwriting residential, commercial, or public sector loans; or Economic or community development.
• A Bachelor's degree in Business Administration, Economic, Finance, Accounting, or related field may substitute for three years of experience.
• An Associate's degree in Real Estate, Finance, Business Administration, or a related field may substitute for 18 months of the experience.

Responsibilities

• Be the point of contact for the agency’s multifamily housing portfolios in the Portfolio Administration Section’s Asset and Preservation Management Unit.
• Review, analyze and evaluate audited financial statements and other financial reporting to ensure long-term viability and regulatory compliance.
• Ensure project operations comply with restrictive documentation agreed to at closing and state/federal regulations.
• Evaluate health of the multifamily portfolio to minimize risk and support sustainable communities during affordability period.
• Collaborate with management to provide data-driven trend analysis and portfolio performance insights.

Education

Bachelor's degree in Business Administration, Economics, Finance, Accounting, or related field

Associate's degree in Real Estate, Finance, Business Administration, or related field

Job description

Initial Posting Date: 10/07/2026 Application Deadline: 10/21/2026 Agency: Oregon Housing and Community Services Salary Range: $5,458 - $8,352 Position Type: Employee Position Title: Asset Management Analyst (LS2)

Oregon Housing & Community Services Asset Management Analyst [Loan Specialist 2] Hybrid– Salem, OR Oregon Housing and Community Services (OHCS) is looking for an independently directed self-starter with knowledge of affordable rental housing programming, demonstrated understanding of practical application of accounting principles, and exposure to regulatory requirements for housing funding sources.

OUR COMMITMENT TO EQUITY, DIVERSITY, & INCLUSION

OHCS commits to inclusive excellence by advancing equity and diversity in all that we do. We are an affirmative action/equal opportunity employer and encourage applications from members of historically underrepresented racial/ethnic groups, women, individuals with disabilities, veterans, LGBTQ+ community members, and others to help us achieve our vision of a diverse and inclusive community. Our vision is that all Oregonians can pursue prosperity and live free from poverty. Our mission is to provide stable and affordable housing and engage leaders to develop integrated statewide policy that addresses poverty and provides opportunity for Oregonians.

OUR CORE VALUES: Collaboration – Compassion – Equity – Integrity – Leadership – Transparency.

IMPORTANT INFORMATION

Working Condition: Hybrid > This position has some requirements for in-person work. This position is permanent, full time, and represented by SEIU. Per the SEIU CBA for OHCS represented position applicants who are current employees will be considered and interviewed before external applicants. This recruitment will be used to establish a list of qualified applicants to fill the current vacancy and may be used to fill future vacancies as they occur. This position requires both a resume and a cover letter, the cover letter will need to address the desirable attributes listed in this job posting.

WHAT YOU WILL DO

The primary purpose of this position is to be a point of contact for the agency’s multifamily housing portfolios in the Portfolio Administration Section’s Asset and Preservation Management Unit.

To protect the Department’s investment and manage the integrity and consistency of financial reporting through review, analysis and evaluation of audited financial statements and other financial reporting to ensure that properties are viability long term and meet regulatory compliance.

This position also ensures project operations are in compliance with the restrictive documentation agreed to at closing in accordance with State and Federal regulations.

A key element for the body of work in this position is to help evaluate the health of the agency’s multifamily portfolio of properties funded through the agency with the intent to minimize risk, enhance community collaboration, and assist in the operation of sustainable multifamily housing communities throughout the affordability period.

This position is critical in the collaboration and effectiveness of the unit as it pertains to financial reporting, data integrity, portfolio viability and health, overall compliance, and monitoring risk.

The work completed through this position gives management and leadership visibility of the performance of the portfolio to assist with trend analysis and data driven decisions for the agency.

MINIMUM QUALIFICATIONS

• Five years’ experience in either preparing or analyzing residential, commercial, or public sector loan applications using cash flow, financial statements, historical and annual operation analyses; including collections and foreclosure procedures; or Processing real estate transactions including qualifying, evaluating and extending credit to borrowers, and property inspections; or Marketing, analyzing, servicing or underwriting residential, commercial, or public sector loans; or Economic or community development.
• A Bachelor's degree in Business Administration, Economic, Finance, Accounting, or related field may substitute for three years of experience.
• An Associate's degree in Real Estate, Finance, Business Administration, or a related field may substitute for 18 months of the experience.

DESIRED ATTRIBUTES

• Experience with regulatory requirements for housing funding sources.
• Knowledge of affordable rental housing programming and compliance practices.
• Understanding of GAAP and general accounting principles, including the ability to understand and analyze financial statements.
• Proven ability to be self-directed, self-motivated, and make independent workload decisions while also being part of larger team dynamic.
• Proven ability to communicate effectively, cultivate partnerships and achieve consensus.
• Demonstrated experience of strong analytical skills with an emphasis on financial risk identification.
• Demonstrated awareness of race and social justice, including the ability to positively influence equity, diversity, and inclusion in the workplace.

WHAT’S IN IT FOR YOU

• A positive environment that offers opportunities for career growth and cross-training.
• An agency that supports and encourages work/life balance and overall wellness.
• Generous benefits package including employer-paid health insurance, vacation, and sick leave, eleven paid holidays, three paid personal days, flexible spending accounts, and an employer contribution retirement plan (PERS).
• The posted salary range is the total possible range for the classification.
• Candidates are screened through a Pay Equity process that evaluates various factors. Please see the Pay Equity website for more information.
• The salary listed is the non-PERS qualifying salary range.
• If the successful candidate is PERS qualifying, the salary range will reflect an additional 6.95%.

RECRUITMENT TIMELINE

• Recruitment Closes: 10/21/26
• Recruiter Screening for Minimum Qualifications: Hiring Manager Screening for Requested Skills: 1st Round of Interviews: TBD
• 2nd Round of Interviews: TBD
• Anticipated Start Date: TBD

APPLICATION GUIDANCE AND REQUIREMENTS

• REQUIRED: Attach your most up-to-date Resume.
• Please ensure your Workday profile matches your submitted resume.
• REQUIRED: Attach a Cover Letter that demonstrates how you meet the “Desired Attributes” for this position. Must address all “Desired Attributes”.
• A Cover Letter that does not meet the required criteria will be graded as ineligible.
• If you need a reasonable accommodation under the Americans with Disabilities Act (ADA), have questions or need assistance with the application process, please send your request to [e-mail] and include the job requisition number.

WHO WE ARE

Oregon Housing and Community Services (OHCS) is Oregon’s housing finance agency. We provide financial and program support to create and preserve opportunities for quality, affordable housing for Oregonians of lower and moderate income. Our vision is that all Oregonians can pursue prosperity and to live free from poverty. Across Oregon, housing has emerged as a paramount concern. The lack of available housing, high rents and high home prices are driving rapid increases in housing instability and homelessness. The data is clear: too many Oregonians are without a safe, stable, and affordable place to call home. OHCS is placing a greater emphasis on strategic planning and the way we invest our resources. Recently, we have restructured, refocused, and reimagined our agency. Our work has led to an increased emphasis on data, research, and customer service. We are carrying that effort forward with the Statewide Housing Plan. The plan articulates the extent of Oregon's housing problem and what we can do to address it. OHCS committed to the Housing Stability Council and our stakeholders that the plan will be responsive to the needs of the state. OHCS released its 2022 Progress Report to update the agency’s significant progress in meeting the goals outlined in the 2019 Statewide Housing Plan. We are now more than halfway into the five-year plan. To learn more about Oregon Housing and Community Services, visit our website: https://www.oregon.gov/OHCS/pages/index.aspx

AFFORDABLE RENTAL HOUSING: PORTFOLIO ADMINISTRATION SECTION

The Portfolio Administration section of the Affordable Rental Housing division ensures the long-term viability of affordable housing built with public dollars across Oregon. The section monitors the financial viability, physical condition, management, and tenant eligibility of the funded projects and compliance with the state and federal rules and regulations associated with the funding sources, which is in excess of $1.4 billion of assets with over 1,500 properties. This section helps to ensure the existing affordable rental housing stock is safe and decent for the long term.

ARH: ASSET AND PRESERVATION MANAGEMENT UNIT

The Asset and Preservation Management Unit is responsible for the management of the Agency’s asset analysis and preservation functions across multiple programs, ensuring the financial and functional viability of the Agency’s portfolio of over 1500 properties with total asset value in excess of $1.4 billion, coordinating Agency preservation efforts for Publicly Supported Housing (PUSH), ensuring compliance with state and federal regulations, coordinating with section compliance monitoring efforts, and assisting the Development Resources and Production Section with asset management issues for properties seeking/securing Agency funding.

The salary listed is the non-PERS qualifying salary range. If the successful candidate is PERS qualifying, the salary range will reflect an additional 6.95%. Please review the Classification and Compensation page for more details.

Please save a copy of this job announcement for reference as it may not be available to view after the job closes.

Finalists will be subject to a computerized criminal history check.

Work Authorization: OHCS does not offer visa sponsorship now or in the future. If hired, applicants will be required to complete I‑9 documentation and confirm authorization to work in the United States.

Veteran’s Preference: Eligible veterans who meet the qualifications will be given veterans' preference. For further information, please see the following website: Veterans Resources.

NOTE: If claiming veterans’ preference please be sure to check your Workday account for pending tasks or actions under your “My Applications” section.

Emails · [e-mail] Links · Application Instructional PDF · Application Instructional Video · Benefits Information · Classification and Compensation Page · OHCS Website · Oregon’s Statewide Housing Plan – Halfway Progress Report · Oregon’s Statewide Housing Plan – Full Plan · Pay Equity · Public Employees Retirement System (PERS) · Veterans Resources

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