Director of Asset Management at Maine State Housing Authority

Augusta, Maine, United States -

Full Time

Start Date

Immediate

Expiry Date

20 Sep, 26

Salary

93512.0

Posted On

23 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Asset Management, Multifamily Housing, Regulatory Oversight, Staff Supervision, Financial Management, HUD Compliance, LIHTC Compliance, Project Management, Budgeting, Partner Engagement, Policy Development, Grant Administration

Industry

Financial Services

Description

Description 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 with 22,000+ units statewide. 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. 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, 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 Ensure that the department is compliant with MaineHousing, local, state, and 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 Working Conditions: Fast paced environment with multiple priorities, interruptions and deadlines. MaineHousing office hours are Monday – Friday from 8:00am to 5:00pm. Reports To: Senior Director of Finance & Lending Supervise: Two Portfolio Managers The starting annual salary for this position is $93,512, plus a great 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. **Position may remain open until a suitable candidate is found**

Responsibilities

Oversees the day-to-day management and financial oversight of a large multifamily housing portfolio including HUD and LIHTC compliance. Leads department staff and collaborates with partner agencies to ensure program effectiveness and regulatory adherence.