Job details
Salary $76,078 - $99,526 a year job type full-time
Full job description
Description
Per governor inslee’s proclamation 21-14 (download pdf reader) (download pdf reader), state employees must be fully vaccinated no later than october 18, 2021Your vaccine status will be verified at new employee orientationPlease reach out to the hr office at jimmie.wimberly@commerce.wa.gov if you need information on medical or religious accommodation.
At the department of commerce (commerce), we are creative, collaborative, and trustedWe identify opportunities to deliver critical funding and services to strengthen communities, we cultivate an environment in which we continuously learn, and we own our work.
Apply now! this recruitment will remain open until filledHiring manager reserves the right to close this recruitment at any timeIf interested, apply as soon as possible.
The cshd partners with local governments, tribes, and nonprofits to develop and preserve affordable housing, promote individual and family self-sufficiency, reduce homelessness, address the causes and effects of crime and violence, and invest in community facilities.
This position reports to the managing director for the housing finance unit (hfu) of the community services and housing division (cshd).
Hfu is responsible for administration of the washington state housing trust fund, the federal home and national housing trust fund programs, and two operations & maintenance grant programsThese programs provide capital financing to nonprofit housing providers for the construction, acquisition, or rehabilitation of affordable housing for low-income and special needs populations, as well as funding to support property operations and provide services to extremely low-income tenantsThe combined state- and federal-funded portfolio consists of approximately 1,500 affordable housing projects statewideProjects within the portfolio are contractually required to comply with program requirements for the duration of their contract, typically 40 or 50 years.
This position works in the hfu, which administers the washington state housing trust fund (htf), the federal home and national housing trust fund (nhtf) programs, and two operating support grant programs (permanent supportive housing and other extremely low-income housing projects)This position is responsible for the performance and preservation of the state’s portfolio of affordable housing.
Duties
Protecting the state`s investment and affordable housing portfolio
The portfolio manager, asset team, ensures over 1,400 projects representing 55,000 housing units across the state 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.
Policy, planning and working with stakeholders
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 housing projects funded through the hfu programsWorks with internal and external groups to collaboratively review and improve asset management and compliance monitoring policies and procedures; serves as the agency`s representative on asset management issues with appropriate advisory groups actively involved with the state’s affordable housing portfolioThere will be opportunities to lead special initiatives to advance best practices of affordable housing, such as permanent supportive housing.
Managing and supervising
You`ll get the chance to manage a team of 18 fte, directly supervising 4 staff; establishes goals and priorities for the team; ensures appropriate training of staff, identifies and supports opportunities for professional developmentSets priorities and monitors workload to ensure priorities and timelines are met, workload is distributed equitably, and procedures are followed consistentlyEnsures contractor and project performance is reported and analyzed in a systematic manner; ensures 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 activitiesEnsures compliance with applicable monitoring requirements; oversees periodic review and update of desk and on-site monitoring protocols to ensure effective and timely performance assessment, follow-up, and resolution of issues; facilitates coordination and sharing of information with funding partners (i.e., cities, counties, housing finance commission).
Consult, update and advise
Reviews all complex workouts for the state’s affordable housing portfolio; takes a lead role as necessary to facilitate the successful negotiation of complex real estate transactions and property securitizationTracks progress, activity, and outcomes of projects in workout or needing an amendmentYou will keep the managing director informed of portfolio performance issues on a regular basisEnsures regular and consistent communication and information sharing among asset management and compliance staff, with other teams within hfu, and with other cshd programs as appropriateMakes recommendations on industry best practices to the managing director relating to the long-term viability and preservation of the state’s portfolio and the operations/management of low-income housingRepresents hfu at meetings and planning groups as well as local, state, and national meetings.
Qualifications
Required education, experience, and competencies:
Bachelor’s degree and three years of experience in the areas of multi-family and residential financing, and development, that includes loan underwriting, property securitization, real estate analysis, appraisal reviews, analysis of balance sheets, operating statements and accompanying audits, and foreclosuresProfessional level experience may substitute, year-for-year, for educationA graduate or advanced degree may substitute for one year of required experience
Two years of supervisory experience managing professional level staff.
One year experience developing, drafting, interpreting, implementing, and applying detailed policies and procedures.
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.
Preferred/desired education, experience, and competencies:
Understanding of the housing trust fund, home, national housing trust fund, and low income housing tax credit programs.
Banking and mortgage loan management experience to include commercial and residential real estate underwriting, lending, loan servicing and portfolio/asset management.
Advanced level training in commercial and real estate finance, such as housing development finance professional certification.
Knowledge and experience with state procurement and contracting procedures.
One year of experience working for or in partnership with organizations based in marginalized or underserved communities and/or native american tribes.
One year experience using word processing software, building and editing spreadsheets in microsoft excel, and use of internet for research.
One year of experience creating presentation materials and conducting presentations or training.
Supplemental information
I want to work for commerce! how do i apply?
In addition to completing the online application and answering the supplemental questions, applicants must attach the following documents to their profile in order to be considered for this position:
A letter of interest describing how you meet the specific qualifications for this position;
A current resume detailing experience and education; and
A list of at least three professional references.
The initial screening will be solely based on the contents and completeness of your application and the materials submittedAll information may be verified and documentation may be required.
For questions about this recruitment, please contact lindsey henderson at: lindsey.henderson@commerce.wa.gov.
Who we are:
At commerce, we`re a little differentBut for you, it might just be the perfect fitWe`re a state agency but operate like a business with the understanding we need to know our customer`s needs to fulfill themOur olympia offices are open monday through friday (flexible schedules are available).
There are approximately 370 employees in our agencyWe are committed to our work and value balance in our personal livesWe hire people for a position and encourage them to train for growth opportunities.
What we do:
We are the lead state agency charged with strengthening communitiesWe administer a diverse portfolio of programs and services, and we support several state boards and commissions.
Our key customers include businesses, local governments and community-based organizationsWe also play the crucial role of convening numerous local, state, regional and federal partners and stakeholders, public and privateTogether we work to support the governor`s priorities and achieve shared goals and objectives for the citizens of washington.
Where we work:
Commerce`s main office is located in olympia; however we also have locations in downtown seattle and spokane.
Work from anywhere
This position may be located anywhere within washington state though occasional travel to the olympia office or in-state travel to attend events or meetings may be requiredIf selected, you will need to travel to pick up equipment and receive instruction while observing social distancingDue to the covid-19 pandemic, telework (mobile-work) is expectedWhen approved to return, the incumbent will work with their supervisor to identify an appropriate work schedule and balance, including telework and reporting to the olympia, washington duty station for work activities, if needed.
Olympia
As the state`s capitol, olympia is located off interstate 5 at the south end of the puget sound roughly half-way between seattle and portland, and less than a two hour drive to the coast, temperate rainforest, mountains, urban city, or farmlandsWith year-round art festivals, parades, theater shows, concerts, and community events, olympia and its surrounding cities have something for everyoneFor parents, it boasts some of the best schools in the nation and the renowned handson children`s museumHome to two universities (the evergreen state college and saint martin`s university), olympia residents also have the opportunity to pursue a degree while working!
Spokane
Spokane is located in the heart of the inland northwest and is the second most populous city in washingtonThe spokane river runs through the city and beautiful riverfront park in downtown spokaneAn array of enjoyable outdoor activities are right out our back door; including ski resorts, white-water rafting, camping areas, hiking trails, lakes, and the centennial trailAmazed by the arts? show some love to your artistic side with a trip to the spokane regionBroadway performances, intriguing art galleries, world-class museums and powerful stage performances are waiting to be discovered.
Seattle
Being surrounded by greenery year round has earned the seattle the nickname of the emerald citySeattle is an exciting urban city surrounded by unmatched natural beauty with a wide variety of outdoor attractions within the city such as discovery park and olympic sculpture parkFeel like getting away from the city? seattle is centrally located surrounded by the puget sound and miles of hiking trails within driving distanceSeattle is home to a variety of attractions to include the seattle art museum, pike place market, and historic pioneer squareArt and culture more your style? seattle is home to more than 100 theater companies, the seattle symphony, as well as museums and galleriesSports enthusiast? seattle is home to professional football, soccer and baseball teams as well as a variety of collegiate sports to choose from.
Additional information:
The washington state department of commerce complies with the employment eligibility verification requirements of the federal form i-9The selected candidate must be able to provide proof of identity and eligibility to work in the united states consistent with the requirements of that form on the first day of employment.
The washington state department of commerce is an equal opportunity employerWe strive to create a working environment that includes and respects cultural, racial, ethnic, sexual orientation and gender identity diversityWomen, racial and ethnic minorities, persons of disability, persons over 40 years of age, veterans or people with military status, and people of all sexual orientations and gender identities are encouraged to applyPersons needing accommodation in the application, testing, or interview process or this job announcement in an alternative format may call human resources at (360) 725-2650Applicants who are deaf or hard of hearing may call through the washington relay service by dialing 7-1-1 or 1-800-833-6388.
