Asset Manager

**Asset Manager** Syracuse, NY **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 **Housing Trust Fund Corporation (HTFC).** This is not a civil service position and does not require a civil service exam. 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. **The Asset Management Unit** is responsible for the asset management and compliance monitoring of the Agency’s existing affordable housing portfolio. This portfolio has been financed under various loan and subsidy programs including **HTF, TKEY, HOME, LIHC and SLIHC.** **DUTIES AND RESPONSIBILITIES:** - Comprehensive compliance monitoring of a designated portfolio of projects in the Asset Management portfolio financed by the HTFC and/or DHCR including HTF, TKEY, HOME, LIHC and SLIHC for regulatory compliance, physical and financial status and habitability standards. - Conduct on site file review and physical inspections of LIHTC/ HOME/Housing Trust Fund/ Turnkey/ SLIHC/HUD236/Mitchell Lama/HCR projects. - Interact frequently with Owners and property managers regarding the operation and management of the property; perform periodic site inspections and management evaluations as required by the project’s regulatory agreements and Agency policy. - Implement and enforce the Agency’s regulatory requirements regarding financial reporting, property use restrictions, lease analysis and the low-income unit set aside requirements; - Develop recommendations to enhance the long term financial and physical health of projects assigned to the Asset Manager - Review financial and operating reports submitted by project owners; upon request, submit periodic Physical and Financial Status reports. Reviews project operations and record keeping for compliance with applicable laws and regulations; - Prepare field reports, correspondence, and corresponding follow-up to site visits; - Instructs managing general partners, managing agents and site staff on proper management practices for improving overall operation and compliance with applicable program requirements. - Develop, implement and manage corrective action to resolve project non-compliance issues and enhance physical and financial performance of portfolio projects; - Perform on-going project maintenance activities including review of rent increases, reserve withdrawals, insurance, leases and repair requests. **QUALIFICATIONS:** - Bachelor’s degree in real estate finance, accounting, or business administration, preferred. \* - Requires minimum of 2 years’ experience in property management of affordable housing or closely related field, which may include real estate finance and/or accounting or business administration. - Excellent analytical, organizational, problem-solving, computer & communication (oral & written) skills are essential. - Certification and/or proficiency with HUD 4350 Requirements and Low-Income Housing Tax Credit Program Compliance, preferred. - Proficiency in Microsoft Office (Word, Excel, and PowerPoint) are essential. - Occasional overnight travel and a valid NYS driver’s license are required. - Physical capacity to perform unrestricted travel and conduct building, unit inspections and on-site regulatory compliance audits. \* Substitutions: four years of specialize…