AVP, Senior Asset Manager - Agency

About Us :

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 $11.

9 billion to finance the creation and preservation of more than 220,000 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 :

To implement the strategic direction provided by the VP, Director of Servicing and Asset Management team and to maintain relationships with various stakeholders involved with the CPC loan portfolio.

To oversee the identification and mitigation of credit, financial, operational, physical and market risks impacting the properties collateralizing the loan portfolio.

To work with internal stakeholders, as well as Borrowers; guarantors; local, state and federal government agencies; developers;

owners; managers; Fannie Mae; Freddie Mac, FHA; and other industry groups to preserve the value of the housing financed by the mortgage loans.

What You’ll do :

• Manage ongoing asset management and surveillance activities to identify, monitor, rate and mitigate the financial, credit, operational, physical and market risks impacting the properties collateralizing the Mortgage Loans in the CPC loan portfolio, as assigned.
• Coordinate the review, analysis and submission of property-level asset management reports.
• Facilitate CPC’s partnership with appropriate internal and external partners.
• Review and approve reserve withdrawal requests to reimburse borrowers for eligible expenditures.
• Inform management and other internal stakeholders of risks and issues in the portfolios and assist with quantifying CPC’s risk exposure.
• Work with internal and external stakeholders to mitigate risks in the portfolio and communicate all servicing and asset management requirements.
• Monitor borrower’s compliance with loan documentation.
• Assist with qualifying CPC’s risk exposure requirements, and monitoring borrowers’ compliance with the loan documents.
• Provide excellent customer service to borrowers, principals, and sponsors by responding promptly and accurately to questions and information requests.
• Supervise, train and mentor Asset Management staff.

Skills and Experience :

• Bachelor’s degree required. Master’s in Business, Finance or Real Estate preferred.
• 5 - 7 years' relevant experience in a leadership role within 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.
• Experience with agency multifamily asset management requirements preferred.
• Excellent oral and written communication skills.
• Superior presentation skills and problem-solving skills.
• Ability to travel, as necessary.

What We Offer :

• 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
• More about our offerings and culture

This is a full-time, hybrid role where you will work from the Chappaqua office two three days a week. The salary range is $120,000 $135,000, dependent on experience.

The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.