Senior Multifamily Asset Manager, Agency (Affordable Housing Loans)

The Community Preservation Corporation•Chappaqua, NY

13h•$90,000 - $110,000•Hybrid

About The Position

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974. Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy. As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration. Role Summary: The Senior Asset Manager supports the AVP of the Agency Asset Management team by serving as a subject matter expert. The position is responsible for developing and maintaining comprehensive processes and procedures to ensure consistency, efficiency, and compliance across all servicing and asset management activities. Additionally, this role will assist with staff training and development initiatives to strengthen team capabilities and performance. The individual will collaborate closely with internal stakeholders and external partners to drive operational excellence and advance CPC’s strategic objectives.

Requirements

Bachelor’s degree required. Master’s in Business, Finance or Real Estate preferred.
3-5 years' relevant experience within Commercial Loan Agency Servicing, real estate asset/portfolio management, finance, development, or underwriting ideal.
Understanding of multifamily rental housing development, ownership, operational and management.
Familiarity with federal, state and local affordable housing programs.
Demonstrated ability to manage multiple projects and assignments, meet deadlines, coordinate and communicate effectively and cultivate professional relationships.
Excellent oral and written communication skills and problem-solving skills.
Ability to travel, as necessary.

Responsibilities

Manage a portfolio of 125+ SBL, Conventional, and Affordable Investor loans.
Prepare formal requests requiring Investor approval, including management changes, extensions, loan modifications, and easements.
Monitor the physical condition of property collateral by reviewing or conducting property inspections; follow up with borrowers to ensure timely completion of required repairs and advise Investors accordingly.
Assess and manage risk by preparing credit watch list rating write-ups for executive review and approval.
Review closing documents to verify accuracy of loan setup for new or converted loans; follow up with closing coordinators and legal counsel to collect missing documents and ensure proper file setup and compliance with loan covenants.
Make collection calls on delinquent loans, follow up to ensure payment receipt, and report status per established guidelines; participate in problem loan discussions and coordinate late payment letters and charges.
Review and approve disbursements from reserves and other collateral escrows in accordance with Investor and departmental guidelines.
Ensure all loan-related system changes are completed per documentation and Investor requirements.
Serve as a subject matter expert for the Asset Management team, providing guidance on complex issues and best practices.
Develop, document, and maintain comprehensive processes and procedures to ensure consistency and compliance across all servicing and asset management functions.
Assist in training and development initiatives for Asset Management staff, including onboarding and ongoing education.

Benefits

Competitive compensation
401(k) retirement plans with employer match
Medical, dental, and vision benefits for employees and their dependents
Commuter benefits
PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
Tuition assistance program
Two “work from anywhere” weeks per year
Summer Fridays
Collaborative working spaces
Service days to support our communities
Employee development and engagement events