PROGRAM MANAGER SENIOR II (045571) (Director, Multi Family Asset Management)

Introduction This is a Management Service position with full State of Maryland benefits. The Maryland Department of Housing and Community Development (DHCD) is a national leader in financing and development of multifamily affordable, business and community development, and single family lending. DHCD has an immediate opening for a Program Manager Senior II, Director, Multifamily Asset Management in the Division of Credit Assurance (DCA). The Multifamily (MF) Division of DCA provides asset management for a large and growing portfolio of loans used to finance affordable housing projects throughout the State of Maryland. The MF team ensures the performance and security of MF loans made by DHCD and the quality of the projects financed by those loans. Grade Salary range: $111,484 - $134,802 per year, with potential for advancement up to $173,775 based on qualifications, equity, and hiring guidelines. Initial salary offers are typically determined by qualifications, experience, and available budget, and generally do not exceed $134,802 per year. Location of Position 7800 Harkins Road, Lanham, MD 20706. The Department of Housing and Community Development Headquarters is located in Prince George’s County across from the New Carrollton Metro stop. Position Duties The Director of Multifamily Asset Management reports to the DCA Deputy Director and assists the DCA Director and Deputy Director in the overall administration of the Division of Credit Assurance’s Multi-Family Asset Management team. Responsibilities include monitoring the physical and financial condition of multi‑family housing projects, conducting compliance reviews, analyzing risk, planning and implementing strategies for loan default, payoff, foreclosures, and disposition, and monitoring the performance of third‑party loan servicers. The Director also oversees asset management transactions, loan workout and enforcement, multi‑family mortgage insurance programs, and daily oversight for finance, risk management, planning and general divisional administration. Minimum Qualifications Education: Bachelor’s degree from an accredited college or university. Experience: At least four (4) years in underwriting, credit analysis, servicing, compliance, asset management or risk mitigation at a state or federal housing agency, a public or private lending institution, or a comparable organization working with multifamily residential or other commercial assets, with at least two (2) years in a management, supervisory or leadership capacity. Additional professional experience may be substituted for education on a year‑for‑year basis. U.S. Armed Forces military service experience as a commissioned officer with staff role involving independent judgment and analysis for complex administrative plans, policies, or operational programs may also be substituted for education and experience on a year‑by‑year basis. Desired or Preferred Qualifications Experience in underwriting or asset management of commercial loans or multifamily affordable housing projects and properties. Experience with federal affordable housing subsidy or loan programs such as Risk‑Sharing Program, HOME, USDA Rural Development, LIHTC, Section 8, Section 811, and RAD, and familiarity with compliance monitoring protocols (e.g., HOTMA, NSPIRE, REAC). Experience in a finance, accounting or audit position at a public or private organization, reviewing or working with commercial financial statements. Benefits State of Maryland Benefits. As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity. #J-18808-Ljbffr State of Maryland