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Asset Manager 1

Company: Connecticut Housing Finance Authority
Location: Rocky Hill
Posted on: January 27, 2023

Job Description:

Connecticut Housing Finance Authority ("CHFA") is a self-funded, quasi-public organization. Its mission is to alleviate the shortage of housing for low-to moderate-income families and persons in the state of Connecticut ("State") and, when appropriate, to promote or maintain the economic development of the State through employer-assisted housing efforts.

CHFA is a mission-driven leader in creating #affordablehousing opportunities for families and individuals in Connecticut. We believe in the power of the diverse and inclusive communities we serve. We provide a challenging, progressive and supportive environment that encourages and promotes employee development.

We offer competitive salaries; tuition reimbursement; 457 deferred compensation, state sponsored pension plan, comprehensive health, dental, life, and disability plan, paid vacation, sick, and holidays, hybrid work schedule, ongoing training, career development and if qualified employee may be eligible for student loan forgiveness under Federal Loan assistance program

PURPOSE OF POSITION:

The position is responsible to monitor a real estate portfolio of affordable multifamily developments to ensure financial stability, preserve and enhance the value of CHFA real estate assets and compliance with federal and state regulations and CHFA policies and procedures.

JOB DUTIES AND RESPONSIBILITIES:

Monitor, Analyze and Reporting - monitor and report on the administrative, financial and physical performance of the development. Analyze financial statements for long-term sustainability. Proactively monitor portfolio risk to reduce CHFA exposure. Monitor loan payments, approve disbursement of escrows and distributions.

Compliance - monitor compliance with all relevant federal, state, and local regulations, financing and subsidy programs and CHFA policies and procedures and legal documents

Site Observations - conduct site visits to evaluate physical condition and administrative policies of the development.

Development and Funding Guidance - critique financial, marketing and capital improvement proposals and make recommendations to owners and CHFA management.

Guidance and Customer Service - research and answer inquiries from residents, state and federal agencies, auditors (internal and external) owners, and management agents

Development - confirm compliance with CHFA procedures and requirements prior to final transaction closing of new developments. Participate as a team member during the development phase.

Responsible for updating internal database systems to monitor compliance and track monitoring activities. May assist other Asset Managers as needed.

MINIMUM QUALIFICATIONS REQUIRED: Associates degree in business, finance or real estate management; requires a minimum of two years' experience in multifamily real estate or an equivalent combination of education and experience.

KNOWLEDGE AND SKILLS: Must have good customer service, accounting, problem solving, analytical, verbal and written communication skills. Must have the ability to organize and prioritize work under deadlines. Strong spreadsheet skills including Microsoft Excel--- and Word---..

ALL OTHER DUTIES AS ASSIGNED: This is not an exclusive list of all job functions and the employee is expected to complete all duties as assigned. Duties and responsibilities may be added, deleted, or changed at any time at the discretion of management, formally or informally. This job description in no way constitutes an employment contract or agreement.

Salary Range: $57,088 to $75,263 DOE

to apply for this position, submit resume and cover letter referencing the position for which you are applying, and complete on-line application. https://www.chfa.org/careers.

Applications open until the position is filled.

Chfa is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, veterans, and persons with disabilities.

Keywords: Connecticut Housing Finance Authority, New England , Asset Manager 1, Executive , Rocky Hill, Northeast

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