Senior Asset Manager
- 1 S Van Ness Ave, San Francisco, CA 94103, USA
- Fill Type: Permanent Exempt
- Work Hours: Weekdays
- Job Code and Title: 9775-Senior Community Development Specialist II
Mayor’s Office of Housing and Community Development (MOHCD)
MOHCD’s mission is to support San Franciscans with affordable housing opportunities and essential services to build strong communities. We are industry leaders in financing the development, rehabilitation and preservation of affordable housing. Through our financing, we strengthen the social, physical and economic infrastructure of San Francisco’s low-income neighborhoods and communities in need. We actively collaborate with community-based organizations, non-profits, affordable housing developers, and other City agencies and staff, in our pursuit of a more equitable and affordable San Francisco. In our hiring practices, we strive to build teams that reflect the diversity of our City and the populations we serve, and we urge qualified candidates of all races, ethnicity, sexual orientation, and gender identity to apply.
MOHCD’s Housing Division
MOHCD is organized into two divisions – Housing and Community Development.
The Housing division focuses on creating housing policies and funding programs that create safe, stable, and affordable housing. We are recognized nationally for our ground-breaking work to transform public housing through the HOPE SF and RAD initiatives; acquire and rehabilitate existing properties through innovative financing structures; steward an extensive portfolio of affordable housing; and expand that portfolio by advancing new housing production and inclusionary housing policies. Our diverse staff and leadership work together to:
- Guide and coordinate citywide housing policies under direction of the Mayor and through collaboration with the Board of Supervisors.
- Administer a diverse set of financing programs to develop new affordable housing, preserve existing housing, and acquire and rehabilitate housing at-risk of market speculation.
- Monitor the long-term affordability and physical viability of the City’s publicly-assisted affordable housing portfolio of over 28,000 units, providing funding for needed repairs and upgrades to ensure sustainable operations and habitability for residents.
- Incubate new programs, initiatives, and financing tools that further our production and preservation activities.
- Conduct program evaluation and research to document housing needs and trends and communicate accomplishments to elected officials, collaborating partners, and the public at large.
The Senior Asset Manager serves in a lead role on the Housing Division’s Asset Management Team, which focuses on preserving the City’s existing investments in affordable housing. The position reports to the Director of Asset Management under the Housing Division.
The Senior Asset Manager performs many complex multifamily housing duties, including but not limited to:
- Preserving the City’s existing investments in affordable housing through transactional asset management such as refinancing, recapitalization, repositioning, and workouts.
- Monitoring and investigating projects for performance and compliance with a wide range of requirements; enforcing contracts and overseeing completion of remedial actions. Reviewing and making recommendations regarding the programs, financials, budgets, organizational governance, staff capacity, capacity building and proposed activities of entities receiving funds; inspecting buildings and recommending physical improvements.
- Interpreting applicable laws, regulations, and contracts; developing and implementing policies and procedures to improve performance and ensure compliance with applicable laws, regulations and contracts. Negotiating with prospective and existing sponsors, financing partners, investors, and governmental agencies; collaborating with deputy city attorneys to prepare, review and execute contracts and other necessary documents.
- Collecting data, working with confidential and privileged information and preparing a variety of reports, quantitative analysis, memoranda, and correspondence. Loan servicing, invoicing, collections, and disbursements.
- Communicating with and responding to inquiries from residents, community members, and elected officials.
- Providing technical assistance on program operations and systems, and support to project staff, management, and various key stakeholders.
- Representing MOHCD before interagency committees, City boards and commissions, and other organizations.
- Supervising junior staff in carrying out the activities of housing preservation and asset management, and performing other duties, as assigned.
Positions in this classification function at the principal journey level in the Community Development Specialist series. Employees in this class carry out their assignments with considerable independence and are assigned significant planning, development, implementation, monitoring, and evaluation responsibilities in housing development programs. This classification is distinguished from the 9774 Senior Community Development Specialist I by its major program and/or supervisory responsibilities.
- A minimum of 6 years of relevant experience in affordable housing development and/or real estate finance, preferably in San Francisco.
- Possession of a Master’s degree from an accredited college or university in a field related to real estate development, planning, business, public policy, or finance.
- Direct experience in the development and/or management of affordable housing assets including acquisition/rehabilitation, refinancing, resyndications, year 15 buy-outs and LP exits, capital improvements, affordable housing finance, pre-development, construction administration, and project close-out.
- Direct experience interpreting and enforcing compliance monitoring procedures and other elements of Federal, State and local governmental programs such as CDBG, HOME, LIHTC, tax-exempt bonds, HUD Section 811 and 202, Section 8 Project-based and tenant-based vouchers, CalHFA and HCD programs, and MOHCD programs, etc.
- Excellent verbal and written communication and strong interpersonal skills, strong analytical, organizational, and quantitative skills.
- Experience and expertise prioritizing multiple assignments with competing needs and continually revising priorities as conditions change. Ability to work with minimum supervision in a team environment and to handle detail-oriented work.
- Knowledge and experience managing enterprise risk, intermediate-level experience with information management systems; high proficiency with windows-based operating systems and Microsoft Office applications; advanced ability with Excel including development of complex mortgage loan models and budget variance analyses.
- Ability to drive an automobile and possession of a valid California driver's license, and to conduct on-site walking inspections, which often require climbing stairs.
- Possession of a baccalaureate degree from an accredited college or university AND four (4) years administrative/professional experience in community development, housing and/or housing development, workforce development, finance, education, social work, children/youth work, or criminal justice; OR
- Possession of a baccalaureate degree from an accredited college or university with a major in one of the following fields: public or business administration, urban planning, government, social work, education, finance or criminal justice AND three (3) years of administrative/professional experience in community development, housing and/or housing development, workforce development, finance, education, social work, children/youth work or criminal justice; OR
- Possession of a Master's degree from an accredited college or university in public policy, planning, social work, public administration, finance, education, criminal justice, or business administration AND two (2) years of administrative/professional experience in community development, housing and/or housing development, workforce development, finance, education, social work, children/youth work, or criminal justice; OR
- Possession of a Ph.D. or Juris Doctor degree from an accredited college or university AND two (2) years of administrative/professional experience in community development, housing and/or housing development, workforce development, finance, education, social work, children/youth work, or criminal justice.
SUBSTITUTION: Verifiable administrative/professional experience involving community development, housing and/or housing development, workforce development, finance, education, social work, children/youth work, or criminal justice may substitute for the educational requirement in Minimum Qualification #1 on a year-for-year basis.
The San Francisco Mayor’s Office for Housing and Community Development hiring for a Senior Asset Manager. You may review the job description and apply to join our amazing team through Smart Recruiters.
Classification: 9775 - Senior Community Development Specialist II
Annual Salary: $116,688 - $141,882
Application filing deadline ends on Friday, November 5, 2021 - 5:00 pm
All your information will be kept confidential according to EEO guidelines.
CONDITION OF EMPLOYMENT: All City and County of San Francisco employees are required to be vaccinated against COVID-19 as a condition of employment. For details on how it is applicable to your employment, please click here.
The City and County of San Francisco encourages women, minorities and persons with disabilities to apply. Applicants will be considered regardless of their sex, race, age, religion, color, national origin, ancestry, physical disability, mental disability, medical condition (associated with cancer, a history of cancer, or genetic characteristics), HIV/AIDS status, genetic information, marital status, sexual orientation, gender, gender identity, gender expression, military and veteran status, or other protected category under the law.
Carol Isen - Human Resources Director