What are the responsibilities and job description for the Director of Asset Management position at Maine State Housing Authority?
Primary Purpose of Position: The Director of Asset Management is responsible for the day-to-day management of the department and the financial and regulatory oversight of an 800 multifamily housing property portfolio occupied by 22,000 /- residents statewide.
Core Functions:
Supervise, coach, and develop staff
o Provide guidance to staff in the performance of their job responsibilities and resolving problem situations
o Conduct regular coaching sessions with staff
o Work with staff to develop department and individual goals
o Determine and realize training needs of staff
Multifamily Property Portfolio
o Responsible for the processing of $87 million in Federal rental assistance subsidies annually including Performance-Based contract administration duties on behalf of HUD
o Administer Low Income Housing Tax Credit compliance for nearly 170 properties statewide
o Process workouts, debt restructuring, liquidation and enforcement actions on properties as necessary
o Maintain program compliance with the Federal HOME Program and Tax-Exempt Bond rules
o Collaborate with industry trade groups on training and capacity-building efforts
o Oversee property inspection and reporting protocols
Partner Engagement
o Establish and maintain strong positive relationships with partner agencies and other partners that are recipients of MaineHousing funding
o Collaborate with partners to address mutually shared goals and intended outcomes
o Seek regular feedback from all grantees to ensure that federally and state funded programs are effective in meeting goals and benchmarks
Oversee the design, development and implementation of department programs, rules and regulations and procedural handbooks
o Update, revise, and submit program guidelines as required; and
o Assure that the department is compliant with MaineHousing, local, state federal regulations.
- Ensure compliance with applicable laws, regulations and contracts
o Ensure compliance with all government funding agreements
o Coordinate with funding and regulatory bodies. Ensure timely submission of grant applications, negotiation of contracts, implementation of new or regulatory changes and resolution of contract or performance challenges
o Oversee the monitoring of program services, evaluate and assess program impact, recommend program or policy changes and direct program shifts and improvements
o Monitor funding and identify new funding sources
Oversee the development, maintenance and coordination of the Department database systems
Serve on the agency’s Leadership Team with the 12 other department directors.
Oversee annual department operating budget, including financial goals and allocation of program resources
Other duties as assigned
Reports To: Senior Director of Finance & Lending
Working Conditions: Fast paced environment with multiple priorities, interruptions and deadlines. MaineHousing office hours are Monday – Friday from 8:00am to 5:00pm.
Supervises: Two Portfolio Managers and a Portfolio Loan Originator
The starting annual salary for the position is $93,512, plus a comprehensive benefits package, including, but not limited to, health, dental and vision, retirement options with employer match, life insurance, short and long-term disability, employee assistance, generous earned time and all major federal holidays. Employment is eligible for the Public Service Loan Forgiveness Program.
Requirements:Education and Experience: Appropriate education and six years of experience in business or public sector administration and project management; or a combination of ten years of experience, training, and education in a leadership role, and four years of supervisory experience.
Skills and Knowledge:
- Management experience in housing, real estate, or banking
- Experience or familiarity with government programs and regulations
- Demonstrated leadership with a high level of ingenuity, creativity, judgment, and problem-solving skills
- Strong project management, time management, and organizational skills
- Strong computer skills using various software
- Ability to establish and maintain good working relationships with business partners
- Experience communicating effectively in front of groups
- Excellent communication skills – oral, written, listening
- Ability to take initiative, work independently, and utilize creative and analytical skills to resolve issues
Salary : $93,512
