Senior Project Manager

New York City Housing Development Corporation; United States; On-site; USD 100,000 - 120,000; Full time

Benefits offered by this job

Health Benefits at a reasonable cost

Dental and Vision Benefits at no cost

Retirement savings plan with a generous match

Paid holiday, vacation, sick time and parental leave

Public Service Loan Forgiveness for eligible employees

Wellness reimbursement

Back-up Caregiver Benefit

Job summary

A municipal housing finance agency is seeking a Senior Project Manager to oversee mortgage loans for affordable housing. Responsibilities include underwriting loans, managing developer relationships, and collaborating with internal teams. Candidates should possess a Bachelor's degree, 4+ years in real estate lending, and strong financial analysis skills. Competitive benefits include health and retirement plans, as well as generous leave policies.

Qualifications

• Minimum of 4+ years of relevant experience in real estate lending and/or development.
• Demonstrated interest in affordable housing preservation.
• Proficiency in creating mortgage loan models and analyzing property financial audits.

Responsibilities

• Work primarily with the Vice President of Preservation to review portfolio refinancing opportunities.
• Underwrite mortgage loans by analyzing loan proposals and preparing spreadsheets.
• Manage relationships with current and prospective developers/borrowers.

Skills

Real estate lending experience

Financial analysis

Strong communication skills

Organizational skills

Interpersonal skills

Education

Bachelor’s degree in finance or real estate

Graduate degree (preferred)

Job description

Senior Project Manager

New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.

Area of Talent: Development/Affordable Housing

Position Type: Full Time/Exempt

Salary Range: $100,000 - $120,000

Position Summary

The Senior Project Manager is responsible for originating, underwriting, and closing mortgage loans to finance the new construction and preservation of affordable and public housing using funds raised through bond issuances and/or allocations of corporate reserves. This role reports to the Vice President of Preservation in Development.

Job Responsibilities

• Work primarily with the Vice President of Preservation to review portfolio refinancing opportunities.
• Liaise with HDC Asset Management, Capital Markets and other internal parties to gather necessary information to assist in analyzing repositioning strategies.
• Underwrite mortgage loans (analyze loan proposals; review due diligence materials; prepare spreadsheets outlining each proposal; prepare credit memos; present loans to credit committee for approval).
• Coordinate mortgage loan closings and conversions with internal and external parties, including developers, other City agencies, most notably NYC HPD and NYCHA, bankers, bond underwriters and tax credit syndicators.
• Manage relationships with current and prospective developers/borrowers.
• Prepare management reports and loan tracking information and update internal systems with deal information.
• Assist in evaluating and/or formulating affordable housing programs, terms, and policy initiatives.

Required Qualifications

• Bachelor’s degree with substantial course work/credits specific to finance and/or real estate.
• Minimum of 4+ years of relevant experience in real estate lending and/or development; or a satisfactory combination of education and/or experience equivalent to the above.
• Demonstrated interest in the affordable housing preservation.
• Proficiency in creating mortgage loan models, employing financial concepts and analyzing property financial audits.
• Strong interpersonal, verbal, and written communication skills.
• Ability to build relationships with staff, executives, and external partners.
• Strong organizational skills with excellent attention to detail.

Preferred Qualifications

• Graduate degree in related field a plus.
• Knowledge of Federal, New York State, and New York City affordable housing programs and the development process is a plus.

Benefits

• Health Benefits at a reasonable cost
• Dental and Vision Benefits at no cost
• Retirement savings plan with a generous match and a pension plan
• Paid holiday, vacation, sick time and parental leave
• Public Service Loan Forgiveness for eligible employees
• Wellness reimbursement
• Back-up Caregiver Benefit

Contact

Submit a cover letter with your resume. You may also fax your resume and cover letter to [phone] or email [e-mail].

Equal Opportunity Employer

HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.

HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing [e-mail].