AVP Multifamily Agency Asset Management
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:
This role is responsible for implementing the strategic direction set by the Director of Servicing and Asset Management while maintaining strong relationships with stakeholders across CPCâs loan portfolio. The position oversees a team of Asset Managers tasked with identifying and mitigating credit, financial, operational, physical, and market risks impacting properties collateralizing the portfolio. The role requires close collaboration with internal teams and external partnersâincluding borrowers, guarantors, government agencies, developers, owners, managers, Fannie Mae, Freddie Mac, FHA, and other industry groupsâto preserve the value of housing financed by CPC mortgage loans.
What Youâll Do:
⢠Lead and manage a team of Asset Managers responsible for identifying, monitoring, rating, and mitigating financial, credit, operational, physical, and market risks impacting properties collateralizing mortgage loans within CPCâs portfolio.
⢠Oversee the review, analysis, and submission of loan and property-level asset management consent requests.
⢠Monitor borrower compliance with loan documentation and CPCâs risk exposure requirements.
⢠Ensure timely and accurate communication with borrowers, principals, and sponsors, deliver exceptional customer service and respond promptly to inquiries.
⢠Review and approve reserve withdrawal requests for eligible expenditures.
⢠Collaborate with internal and external partners to strengthen CPCâs risk management framework, inform stakeholders of portfolio risks and issues, and assist in quantifying CPCâs risk exposure.
⢠Work closely with stakeholders to mitigate portfolio risks and ensure adherence to servicing and asset management requirements.
⢠Supervise, train, and mentor Asset Management staff, fostering professional development and team effectiveness.
Skills and Experience:
⢠Bachelorâs degree required. Masterâs in Business, Finance or Real Estate preferred.
⢠5 - 7 years' relevant experience in a leadership role within real estate asset/portfolio management, finance, development, or underwriting ideal.
⢠Understanding of multifamily rental housing development, ownership, operational and management.
⢠Familiarity with federal, state and local affordable housing programs.
⢠Demonstrated ability to manage multiple projects and assignments, meet deadlines, coordinate and communicate effectively and cultivate professional relationships.
⢠Experience with agency multifamily asset management requirements preferred.
⢠Excellent oral and written communication skills.
⢠Superior presentation skills and problem-solving 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 âwork from anywhereâ 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 $115,000 â $135,000, 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 Now
Apply Now
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:
This role is responsible for implementing the strategic direction set by the Director of Servicing and Asset Management while maintaining strong relationships with stakeholders across CPCâs loan portfolio. The position oversees a team of Asset Managers tasked with identifying and mitigating credit, financial, operational, physical, and market risks impacting properties collateralizing the portfolio. The role requires close collaboration with internal teams and external partnersâincluding borrowers, guarantors, government agencies, developers, owners, managers, Fannie Mae, Freddie Mac, FHA, and other industry groupsâto preserve the value of housing financed by CPC mortgage loans.
What Youâll Do:
⢠Lead and manage a team of Asset Managers responsible for identifying, monitoring, rating, and mitigating financial, credit, operational, physical, and market risks impacting properties collateralizing mortgage loans within CPCâs portfolio.
⢠Oversee the review, analysis, and submission of loan and property-level asset management consent requests.
⢠Monitor borrower compliance with loan documentation and CPCâs risk exposure requirements.
⢠Ensure timely and accurate communication with borrowers, principals, and sponsors, deliver exceptional customer service and respond promptly to inquiries.
⢠Review and approve reserve withdrawal requests for eligible expenditures.
⢠Collaborate with internal and external partners to strengthen CPCâs risk management framework, inform stakeholders of portfolio risks and issues, and assist in quantifying CPCâs risk exposure.
⢠Work closely with stakeholders to mitigate portfolio risks and ensure adherence to servicing and asset management requirements.
⢠Supervise, train, and mentor Asset Management staff, fostering professional development and team effectiveness.
Skills and Experience:
⢠Bachelorâs degree required. Masterâs in Business, Finance or Real Estate preferred.
⢠5 - 7 years' relevant experience in a leadership role within real estate asset/portfolio management, finance, development, or underwriting ideal.
⢠Understanding of multifamily rental housing development, ownership, operational and management.
⢠Familiarity with federal, state and local affordable housing programs.
⢠Demonstrated ability to manage multiple projects and assignments, meet deadlines, coordinate and communicate effectively and cultivate professional relationships.
⢠Experience with agency multifamily asset management requirements preferred.
⢠Excellent oral and written communication skills.
⢠Superior presentation skills and problem-solving 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 âwork from anywhereâ 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 $115,000 â $135,000, 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 Now
Apply Now