Additionalinformation

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.

Companydescription

Company Description

Jobdescription

Job Description

About the Agency: The Department of Housing Preservation and Development (HPD) oversees housing standards across all 3.7 million homes in New York City. As the nation’s largest municipal housing agency, HPD is responsible for building and preserving affordable housing, protecting tenants from harassment and displacement, and holding landlords accountable across the five boroughs. Under Commissioner Dina Levy and the Mamdani Administration, HPD is pursuing an ambitious housing agenda focused on the needs of New York’s tenants. With a broad set of tools including standards enforcement, tenant resources, and the creation of new affordable housing, HPD is committed to making New York City a more affordable place for renters and homeowners alike Your Team: The Office of Asset and Property Management (APM) leads the agency’s effort to protect the City’s investment in affordable housing and ensure that properties remain stable and affordable over the long-term. APM actively monitors the performance and regulatory compliance of projects sponsored, supervised, and owned by the City, and connects people to affordable housing opportunities. APM is composed of three divisions: Asset Management, Property Management, and Housing Supervision. The Division of Asset Management safeguards the longevity and affordability of HPD’s housing portfolio by identifying at-risk buildings, stabilizing distressed assets, and ensuring compliance with regulatory agreements. The Division monitors both the physical and financial condition of properties, collaborates with owners and partners, and works closely with HPD’s Office of Development to reposition projects through financial assistance, property management changes, restructuring, or ownership transfers. Its core programs are outlined below. Your Impact: As a Senior Mortgage Officer in the Asset Resolution and Portfolio Analysis Unit under the division of Asset Management you will be tasked with identifying at-risk projects financed by the City and restoring them to financial stability by developing and implementing a variety of financial strategies as well as operational recommendations. Additionally, you will monitor the City’s mortgage portfolio and position yourself as the primary contact for at-risk borrowers. Your Role: Your role will work independently and collaboratively with a team comprised of several Housing Portfolio Transaction Managers on mortgage modifications, mortgage extensions, and general pro forma analyses related to troubled projects. Your Responsibilities: - Review and validate mortgage servicing reports to identify delinquent borrowers - Proactively reach out to delinquent borrowers to encourage repayment of loans - Comprehensively review loan documents, financial reports, municipal data, building information, and management/owner history to evaluate the overall financial stability of a project - Work with the Director, team members, and other HPD divisions to identify and implement appropriate interventions to bring loans current and ensure the viability of projects In addition, the selected candidate will perform research tasks necessary to improve the integrity and accuracy of mortgage data. The candidate will: - Assist in the maintenance of data-based tools that track and compile financial data and performance - Conduct research and analysis of financial and regulatory documents e.g., mortgages, audited financial statements, and regulatory agreements To support the work and aims of the Asset Resolution and Portfolio Analysis Unit, the selected candidate will: - Collaborate with other HPD divisions as the Asset Resolution and Portfolio Analysis Unit coordinates strategic initiatives to identify, monitor, and/or resolve mortgage-related issues - Conduct trainings to staffers within APM - Prepare reports, presentations, and written correspondence regarding mortgage initiatives and work on special projects and analyses as needed Preferred Skills: Candidates must have strong quantitative analysis and logical thinking skills. Candidates must be detail-oriented and self-motivated. Preference will be given to candidates with a background in real estate finance, affordable housing, and/or asset management. Preferred candidates should also demonstrate: - Ability to perform financial analysis with experience assessing financial risk and recommending ways to mitigate risks - High level of technical proficiency with Excel and other MS Office programs. - Ability to communicate clearly and effectively, both verbally and in writing - Strong interpersonal skills with experience managing relationships and performing outreach - Ability to effectively organize, prioritize, and manage multiple tasks and projects COMMUNITY COORDINATOR - 56058

Qualifications

• 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.