Apply by 12/28/2017 at 11:59 pm PT

Oregon Housing and Community Services | Asset Manager - Loan Specialist 3

At Oregon Housing and Community Services, we value collaboration, compassion, equity, integrity, leadership and transparency. At OHCS we provide opportunities for stable and affordable housing. We engage leaders to develop integrated statewide policy to address poverty and other challenges currently facing our state. Our vision is that all Oregonians may pursue prosperity and live free from poverty.

Oregon Housing and Community Services is Oregon’s housing finance agency, providing financial and program support to create and preserve opportunities for quality, affordable housing for Oregonians of lower and moderate income.

OHCS administers programs that provide housing stabilization – from preventing and ending homelessness, assisting with utilities to keep someone stable, to financing multifamily affordable housing, to encouraging homeownership. It delivers these programs primarily through grants, contracts and loan agreements with local partners and community-based providers, and has limited direct contact with low-income beneficiaries. OHCS’s sources of funds are varied and include federal and state resources which have complex regulatory compliance requirements, and thus stewardship, compliance monitoring, and asset management are all critical functions played by OHCS.

Title: Asset Manager - Loan Specialist 3Department: Asset Management and  Compliance Section of Housing Finance DivisionLocation: Salem, OregonSalary: $57,180-$83,724 annually, full-time

BRIEF DISCRIPTION:

The Asset Management and Compliance Section (AMC) is responsible for all compliance monitoring oversite and asset management for the affordable housing portfolio funded through OHCS.  This section ensures that multifamily housing owners and management agents are in compliance with regulatory agreements based on the program type, for both loans and grants at a state and federal level as required.  The services provided by the section ensure the property is financially secure, the physical asset is in decent, safe, and sanitary condition, and the owners or agents are in compliance with applicable statutes, rules, regulations, and policies and procedures.  AMC also provides technical assistance to the general public, residents, government officials, management agents, owners, and other partners as needed.  The activities of this team directly support OHCS in reaching out for opportunities to create partnerships that improve Oregonians’ lives and provide quality communities.

This position is a point of contact and consultant for OHCS multifamily housing investment portfolios in the Asset Management Section. It is responsible to develop and implement policies, operational guidelines and processes, goals or objectives and regulation assessment. This position ensures and regulates the financial health of OHCS portfolios with the intent to minimize financial risk to OHCS. It is responsible to enhance community collaboration and assist in the operation of sustainable multifamily housing communities throughout the affordability period.

Some of the duties related to this position include:

  • Quality control analysis of files for new or existing properties
  • Reviewing all negotiated contracts and master leases
  • Interpretation of loan documentation
  • Reviewing program compliance reports related to all OHCS funding sources
  • Analysis of audited and/or internal financial statements received for the properties
  • Recommendation of new operating/marketing strategies
  • Examining financial reports for purpose of variances
  • Oversight of property capital improvements
  • Financial review analysis and forecasting
  • Analysis and recommendation of action on all portfolio projects
  • Updating or modifying documents
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