Asset Manager 1
Company: Connecticut Housing Finance Authority
Location: Rocky Hill
Posted on: January 27, 2023
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
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
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
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---
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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