Project Manager/ Underwriter

POSSIBLE HYBRID WORKPLACE OPPORTUNITY

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.

This position is with HCR’s Affordable Housing Corporation (AHC). This is not a civil service position, and a civil service exam is not required. Candidates must meet the minimum qualifications outlined below to be considered.

NYS Homes and Community Renewal (HCR) is committed to fostering a culture of diversity, equity, inclusion, and accessibility. Our work would not be possible without the diverse backgrounds, experiences, ideas, and abilities of our employees. HCR is committed to developing a workforce that represents the diverse population of New York State. HCR embraces a diverse and inclusive work environment by encouraging all individuals, including those with disabilities, to apply to open positions at the agency.

Instructions for Applicants

Applicants must include a cover letter and resume for review. Resumes not accompanied by a cover letter will be deemed incomplete and will not be considered.

Applicant must describe in a cover letter how the applicant meets the minimum qualifications, and how the work experienced outlined in the accompanying resume relates to the available position. Applicants are also encouraged to use the cover letter as an opportunity to identify specific skills, including knowledge of software or database systems that may be useful for this position.

Position Summary

The Project Manager for Homeownership Development Initiatives will play an essential role in implementing Governor Hochul’s vision for housing opportunity in New York State. This is an exciting opportunity to gain experience in the field of housing finance while helping to implement innovative solutions to help more New Yorkers access affordable, high quality homeownership opportunities.

DUTIES AND RESPONSIBILITIES:

Under the supervision of the Director of Homeownership Development Initiatives, the Project Manager will support the Director in the underwriting and closing of loans for the development of multi-unit homeownership projects as well as supporting the sale of homes or coop conversions after construction. These projects may include scattered site or neighborhood-focused single-family development as well as multi-family projects, such as condominium and cooperative developments. Projects may be rehabilitation or new construction.

• Assist Director in pro forma development and performing due diligence in the loan underwriting process.

• Collaborate with other agency departments including Fair and Equitable Housing Office, Dept of Empowerment, Compliance and Opportunity, Design, Construction and Environmental Unit, Finance, Legal, et al. to bring projects through relevant review processes.
• Collaborate with lenders and other municipal and state agencies.
• Assist with loan closing and servicing – preparing disbursement requests, maintaining detailed program and project trackers, using agency-specific software systems.
• Assist in drafting correspondence, reports, manuals, presentations, or other documents as needed.
• Carry out routine office activities.

• Attend, participate, conduct presentations and/or assist with preparation for meetings, conferences, webinars, and workshops.

This position requires occasional travel. Amount of travel varies throughout the year. 

Minimum Qualifications and Desired Skills 

• Bachelor's degree and 2-3 years of experience in a real estate development finance or project management role, preferably with a focus on homeownership development. Master’s degree in an urban planning or finance related field preferred.
• Demonstrated interest in real estate finance and underwriting. Experience with homeownership development preferred.
• Demonstrated interest in the relationship between housing development and community revitalization.
• Understanding of how to work effectively in and with diverse communities. 
• Demonstrated experience working independently and exercising good judgment 
• Ability to communicate effectively both orally and in writing with attention to detail and professionalism in all communications. 
• Well organized and self-motivated with ability to work under pressure, while prioritizing and managing multiple tasks and projects. 
• Comprehensive experience with Microsoft Office and general comfort with technology. Fluency with Word and Excel is essential.

This job description is not intended to be all inclusive and the employee will be expected to perform other reasonably related duties as assigned.

WHAT WE OFFER AT NYS HCR: 

• Extensive benefits package including paid leave, including excellent health, dental, vision and retirement benefits with the New York State & Local Employees’ Retirement System.
• Promotional opportunity for dedicated professionals.
• Work life balance benefits include a 37.5-hour work week and paid time off benefits including vacation, sick, personal days, and Federal Holidays.
• Opportunity for compressed scheduling.
• 12 weeks of Paid Parental Leave.
• Paid Family Leave.
• Opportunity for compressed/flextime scheduling.
• As a New York State employee, you may qualify to participate in the Federal Public Service Loan Forgiveness Program (PSLF). The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under an accepted repayment plan and while working full-time for an eligible employer. 

Additional SONYMA/HFA/AHC Benefits: 

• Cash in for Wellness! This program provides you with the option of buying or renewing a health club membership of your choice or enrolling in a weight loss and or smoking cessation program, using your sick leave accruals.
• Tuition reimbursement program – for job related and non-job-related courses.
• Vacation Leave Buy-Back program – Subject to approval, every year eligible employees may exchange previously earned and accrued vacation time in return for cash compensation (at employee’s daily rate of pay at time of exchange).
• Access to Plum Benefits – savings on movie tickets, theme parks, hotels, tours, Broadway shows and more!
• Optical reimbursement program – Employees are eligible for optical, hearing aid, and podiatric expenses not otherwise covered by insurance, with a maximum aggregate amount of $675 per year, per family. Unused yearly balances may be carried over to next year for a maximum of $1,350.

ABOUT NEW YORK STATE HOMES AND COMMUNITY RENEWAL: 

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, construction, 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. 

 New York State is an Equal Opportunity Employer (EOE)

Salary : $74,324 - $92,011