Asset Manager (Multifamily Mortgage Loans)

About Us: The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974. Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy. As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration. Role Summary: To implement the day-to-day risk management activities on the CPC loan portfolio. To identify and mitigate the credit, financial, operational, physical and market risks impacting the properties collateralizing the loans within the portfolio. To work with CPC team members, borrowers; guarantors; local, state and federal government agencies; developers; owners; managers and other industry groups to preserve the value of the housing financed by the mortgage loans. What You’ll Do: • Manage ongoing asset management and surveillance activities to identify, monitor, rate and mitigate the financial, credit, operational, physical and market risks impacting the properties collateralizing the Mortgage Loans in the CPC loan portfolio, as assigned. • Coordinate the review, analysis, and submission of property-level, loan asset management reports. • Ensure compliance with Loan Servicing Agreements. • Facilitate CPC’s partnership with appropriate internal and external partners. • Review and approve reserve withdrawal requests to reimburse borrowers for eligible expenditures. • Coordinate the review, analysis, and submission of borrowers’ special consent requests including but not limited to assumptions, changes to organizational structures, management changes, collateral releases, easements, tax credit investor exits and additional requests as received from the Borrower and required by the note holder and loan documents. • Inform management and other internal stakeholders of risks and issues in the portfolios and assist with quantifying CPC’s risk exposure. • Work with internal and external stakeholders to mitigate risks in the portfolios and communicate all servicing and asset management requirements. • Monitor borrower level compliance with loan documentation. • Provide excellent customer service to borrowers, principals, and sponsors by responding promptly and accurately to questions and information requests. • Represent team on systems development and process improvement efforts to maximize efficiency and enhance issue identification capabilities • Perform other duties, as directed or required. Skills and Experience: • Bachelor’s degree required • Minimum 3 years of relevant experience in real estate asset / portfolio management, finance, development or underwriting • Ability to work effectively in a diverse environment with for‐profit, non‐profit, public and private organizations • Ability to manage multiple assignments, meet tight deadlines, coordinate and communicate effectively and cultivate new and existing relationships • Understanding of multifamily development, ownership, management and finance • Experience with New York State Agency, Fannie Mae, Freddie Mac Multifamily Asset Management requirements preferred • Good analytical, oral and written communication and presentation skills • Ability to travel, as necessary. What We Offer: • Competitive compensation • 401(k) retirement plans with employer match • Medical, dental, and vision benefits for employees and their dependents • Commuter benefits • PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability • Tuition assistance program • Two “work from anywhere” weeks per year • Summer Fridays • Collaborative working spaces • Service days to support our communities • Employee development and engagement events • More about our offerings and culture here This is a remote role available only in select locations (Missouri and Texas). Periodic travel to our Manhattan or Chappaqua, NY office may be required. The salary range for this position is $85,000 – $100,000, depending on experience. Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application. The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status. Apply tot his job Apply To this Job