Senior Project Manager

Posted 2 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
Senior level
Agency
The Role
Lead and close complex multifamily rehabilitation loan transactions, manage underwriting and project intake, prepare tracking reports, develop process improvements and policy recommendations, mentor and train junior project managers, and coordinate with interagency and external partners to preserve affordable housing.
Summary Generated by Built In
Job Description

About the Agency:
The New York City Department of Housing Preservation Development (HPD) promotes quality and affordability in the city's housing, and diversity and strength in the city’s neighborhoods because every New Yorker deserves a safe, affordable place to live in a neighborhood they love.

- We maintain building and resident safety and health
- We create opportunities for New Yorkers through housing affordability
- We engage New Yorkers to build and sustain neighborhood strength and diversity.
Your Team:
The Office of Development (OOD) leads the agency’s effort to create and preserve housing in collaboration with other HPD offices as well as other city, state and federal agencies.
The Office of Development is composed of eight divisions that administer a range of programs:
- New Construction Finance
- Special Needs Housing
- Building and Land Development Services (BLDS)
- Homeownership Opportunities and Preservation
- Preservation Finance
- Portfolio Management and Conversions
- Housing Incentives
- Compliance and Enforcement
The Division of Preservation Finance administers multiple financing programs to improve financial and physical conditions and preserve or create affordability within privately-owned multi-family and single-family buildings. The division oversees programs utilizing low-cost loans and property tax benefits among other public incentives.
Your Impact:
The Division of Preservation Finance seeks a Project Manager for Moderate Rehabilitation and Stabilization Loan Programs. The unit develops plans, strategies, and tools for effective affordable housing preservation initiatives, as well as analyzes, negotiates, and executes on financial transactions to preserve the physical and operational integrity of existing affordable housing developments. The unit provides rehabilitation loans to multifamily affordable housing developments that cannot leverage private financing and only require financing for the replacement of major building systems to improve living conditions and preserve safe affordable housing for low- and moderate-income households in New York City.
Your Role:
As Senior Project Manager, you will work under the supervision of and report to the Director and Deputy Director of the Moderate Rehabilitation and Stabilization Loan Programs within HPD’s Division of Preservation Finance. You will work to close on capitally funded financial transactions under the Multifamily Housing Rehabilitation Program, particularly the more complex and challenging ones, as well as assist the Director and Deputy Director in program administration, including developing resource materials and process improvements, analyzing policy recommendations and facilitating implementation of new policies and in the training and mentoring project management staff. This position supports work with Mitchell-Lama and HDFC cooperative buildings.
The HRP program provides low-interest loans to privately-owned multifamily buildings to assist in the rehabilitation and energy performance of their buildings.
Your Responsibilities:
As Senior Project Manager, you will perform duties including, but not limited to the following:
- Managing intake, assessment, and underwriting of complex capitally funded projects including resolving complex work-outs and challenges.
- Ensuring timely completion of transactions
- Preparing statistical and tracking reports
- Assist in onboarding and training other project managers and other Division staff and more junior Project Managers including providing direct mentorship on projects.
- Develop Division resource materials, process improvements, analyzing policy recommendations and facilitating implementation of new policies.
- When directed by Deputy Director or Director, communicate with interagency partners and external parties to facilitate program goals and policies.
- Working on other special projects as needed
As the ideal candidate, you should have strong financial analysis skills, including financial modeling and financial statement analysis; be detailed-oriented; self-motivated; able to independently manage multiple projects; make policy recommendations; exhibit exceptional analytical, problem-solving and negotiating skills; and demonstrate experience in meeting competing deadlines. You should also demonstrate strong verbal and written communication skills.
Preferred skills
- Interest in community development, urban planning, affordable housing or real estate finance
- Knowledge of New York City affordable housing and private lending programs
- Interest and/or experience working with small building owners and/or low-capacity borrowers
- At least 1 year of underwriting experience
- Advanced computer skills including competency in full Microsoft Office suite, especially Excel
- Capacity to simultaneously work on multiple tasks and set priorities for a challenging workload
- Strong interpersonal and communication skills. Excellent writing and editing skills
- 2-3 years of applicable experience working in a fast-paced and often-changing environment
Authorization to work in the United States is required for this position. The NYC Department of Housing Preservation and Development does not provide sponsorship for international employees for visa applications, extensions, or status changes, including H-1B visas. Applicants are responsible for ensuring that they meet all qualifying requirements for this position at the time of application.
COMMUNITY COORDINATOR - 56058

Qualifications

1. A baccalaureate degree from an accredited college and two years of experience in community work or community centered activities in an area related to the duties described above; or
2. High school graduation or equivalent and six years of experience in community work or community centered activities in an area related to the duties as described above; or
3. Education and/or experience which is equivalent to "1" or "2" above. However, all candidates must have at least one year of experience as described in "1" above.

Additional Information

The City of New York 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.

Skills Required

  • Education and experience: Bachelor's degree and two years of community work OR High school diploma and six years of community work OR equivalent; all candidates must have at least one year as described in option 1.
  • Authorization to work in the United States (no visa sponsorship provided).
  • Strong financial analysis skills including financial modeling and financial statement analysis.
  • Experience managing intake, assessment, underwriting, and closing of multifamily housing financing transactions.
  • Interest in community development, urban planning, affordable housing, or real estate finance.
  • At least 1 year of underwriting experience.
  • Advanced computer skills including full Microsoft Office suite, especially Excel.
  • Capacity to manage multiple tasks, set priorities, and work in a fast-paced, changing environment (2-3 years applicable experience preferred).
  • Strong interpersonal, verbal, written communication, and editing skills.
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