Senior Project Manager, Development

Position Summary: The Senior Project Manager is responsible for originating, underwriting, and closing mortgage loans to finance the preservation of public housing using funds raised through bond issuances and/or allocations of corporate reserves. This role reports to the Senior Vice President for Public Housing & Lending Strategies.  The Senior Project Manager may work on non-public housing transactions, including the financing of new construction and preservation of multi-family affordable housing based on the pipeline priorities of the Division. Area of Talent:    Development/Affordable Housing Position Type:     Full Time/Exempt Salary Range:      $95,000 - $105,000 Office Location:  NYC/Financial District Job Responsibilities: 

• Underwrite mortgage loans (analyze loan proposals; review due diligence materials; prepare spreadsheets outlining each proposal; prepare credit memos; present loans to credit committee for approval). 
• Coordinate mortgage loan closings and conversions with internal and external parties, including developers, other City agencies, most notably NYCHA and NYC HPD, bankers, bond underwriters and tax credit syndicators.
• Manage relationships with current and prospective developers/borrowers. 
• Prepare management reports and loan tracking information.
• Assist in evaluating and/or formulating affordable housing programs, terms, and policy initiatives.

Required Qualifications: 

• A Bachelor’s degree with substantial course work/credits specific to finance and/or real estate; a minimum of 4+ years of relevant experience in real estate lending and/or development; or a satisfactory combination of education and/or experience equivalent to the above.
• Demonstrated interest in the affordable housing industry. 
• Proficiency in using mortgage loan models and employing financial concepts.
• Strong interpersonal, verbal, and written communication skills.
• Ability to build relationships with staff, executives, and external partners.
• Strong organizational skills with excellent attention to detail.

Preferred Qualifications: 

• Preservation and Public Housing finance experience preferred.
• Knowledge of Federal, New York State, and New York City affordable housing programs and the development process is a plus.
• Graduate degree in related field a plus.

  It is strongly preferred that you submit a cover letter with your resume. You may also fax your resume and cover letter to (212)227-6816.All HDC hires must be vaccinated against the COVID-19 virus, unless they have been granted a reasonable accommodation for religion or disability. If you are offered employment, this requirement must be met by your date of hire, unless a reasonable accommodation for exemption is received and approved by HDC. HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:  

• Health Benefits at a reasonable cost
• Dental and Vision Benefits at no cost
• Retirement savings plan with a generous match and a pension plan
• Paid holiday, vacation, sick time and parental leave
• Professional development opportunities 
• Public Service Loan Forgiveness for eligible employees 
• Wellness reimbursement 
• Back-up Caregiver Benefit 

HDC 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. HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing jobs@NYCHDC.com.