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.