Senior Multifamily Asset Manager, Agency; Affordable Housing Loans

About CPC

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities. CPC strives to contribute to comprehensive neighborhood revitalization through lending and partnerships. CPC is a nationally recognized leader in affordable housing finance and has provided a consistent source of capital to underserved housing markets since 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 housing in New York State and beyond.

CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms focused on Expanding Affordable Housing, Closing the Racial Wealth Gap, and Investing in the Green Economy. As a member of our team, you’ll work on impactful projects that make a real difference in people’s lives and join a team that values commitment, respect, excellence, accountability, and collaboration.

The Senior Asset Manager supports the AVP of the Agency Asset Management team by serving as a subject matter expert. The role is responsible for developing and maintaining comprehensive processes and procedures to ensure consistency, efficiency, and compliance across servicing and asset management activities. The position also assists with staff training and development initiatives to strengthen team capabilities and performance. The individual will collaborate with internal stakeholders and external partners to drive operational excellence and advance CPC’s strategic objectives.

• Manage a portfolio of 125+ SBL, Conventional, and Affordable Investor loans.
• Prepare formal requests requiring Investor approval, including management changes, extensions, loan modifications, and easements.
• Monitor the physical condition of property collateral by reviewing or conducting property inspections; follow up with borrowers to ensure timely completion of required repairs and advise Investors accordingly.
• Assess and manage risk by preparing credit watch list rating write-ups for executive review and approval.
• Review closing documents to verify the accuracy of loan setup for new or converted loans; follow up with closing coordinators and legal counsel to collect missing documents and ensure proper file setup and compliance with loan covenants.
• Make collection calls on delinquent loans, follow up to ensure payment receipt, and report status per established guidelines; participate in problem loan discussions and coordinate late payment letters and charges.
• Review and approve disbursements from reserves and other collateral escrows in accordance with Investor and departmental guidelines.
• Ensure all loan-related system changes are completed per documentation and Investor requirements.
• Serve as a subject matter expert for the Asset Management team, providing guidance on complex issues and best practices.
• Develop, document, and maintain comprehensive processes and procedures to ensure consistency and compliance across all servicing and asset management functions.
• Assist in training and development initiatives for Asset Management staff, including onboarding and ongoing education.

• Bachelor’s degree required. Master’s in Business, Finance or Real Estate preferred.
• 3–5 years of relevant experience within commercial loan agency servicing, real estate asset/portfolio management, finance, development, or underwriting.
• Understanding of multifamily rental housing development, ownership, operations, 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.
• Excellent oral and written communication skills and problem-solving abilities.
• Ability to travel, as necessary.

• 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…