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Portfolio Manager, Multifamily Housing Unit

2 months ago

City Of Glen Eira, Australia State Of Washington Full time
Job Summary

We are seeking a highly skilled Portfolio Manager to join our team at the State of Washington Department of Commerce. As a key member of our Housing Division, you will be responsible for the performance and preservation of the state's portfolio of multifamily/rental affordable housing.

Key Responsibilities
  • Ensure projects are in compliance with program requirements through conducting project monitoring, contract amendments, loan workouts, and other real estate transactions necessary to protect the state's investment and preserve the affordable housing portfolio for the long-term benefit of the intended populations.
  • Oversee the development, implementation, and maintenance of policies, procedures, goals, objectives, and work plans related to management and preservation of the existing portfolio of affordable multifamily housing projects funded through the MHU programs.
  • Collaborate and consult with the other units in HD on legislative directives and policies.
  • Manage a team of approximately 15 FTE, directly supervising three staff; establish goals and priorities for the team; ensure appropriate training of staff, identify and support opportunities for professional development.
  • Ensure contractor and project performance is reported and analyzed in a systematic manner; ensure performance data, summary reports, and financial analyses are used to inform asset management policies, workout resolutions, and provide fact-based information in support of resource allocation activities.
  • Ensure compliance with applicable monitoring requirements; oversee periodic review and update of desk and on-site monitoring protocols to ensure effective and timely performance assessment, follow-up, and resolution of issues; facilitate coordination and sharing of information with funding partners (i.e., cities, counties, Housing Finance Commission).
Requirements
  • Nine years total of professional experience in community, trade, or economic development with a focus on multifamily and residential financing and development, which includes loan underwriting, property securitization, real estate analysis, appraisal reviews, analysis of balance sheets, operating statements, accompanying audits, and foreclosures.
  • OR Nine years total combination of professional and post-high school equivalent formal education (including college-level coursework, technical and/or vocational education, and/or certification programs).
  • Two years of experience supervising one or more employees including hiring staff, training and development, assigning work, evaluating performance, and taking corrective action.
  • One year of experience developing guidelines, assessing risk, monitoring compliance, and responding to audits.
Preferred Qualifications
  • Demonstrated skills in contract negotiation, facilitation, problem-solving and conflict resolution.
  • Proficiency resolving complex contracting and financing issues; ability to handle multiple complex issues simultaneously.
  • Demonstrated understanding of the language and concepts of a diversity, equity and inclusion (DEI) culture; commitment to create and maintain a DEI and anti-racist work environment; commitment to apply a DEI and anti-racist lens to policy setting and decision making, including but not limited to program planning and development, community and stakeholder outreach, and allocation of resources.
What We Offer

The State of Washington Department of Commerce offers a competitive benefits package including medical and dental insurance benefits, retirement and deferred compensation plans, 11 paid holidays each year, 14-25 vacation days per year (depending on length of employment), 8 hours of sick leave per month (if full time employed), bereavement leave, an employee assistance program, as well as other benefits.

Please see the Benefits Tab for more details.