Senior Underwriter​/Project Manager

Applicants must include a cover letter and resume for review. Resumes not accompanied by a cover letter will be deemed incomplete and will not be considered.

Applicant must describe in a cover letter how the applicant meets the minimum qualifications, and how the work experienced outlined in the accompanying resume relates to the available position. Applicants are also encouraged to use the cover letter as an opportunity to identify specific skills, including knowledge of software or database systems that may be useful for this position.

New York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase home ownership throughout New York State.

A Civil Service exam is not required for this position. Candidates must meet the minimum qualifications outlined below to be considered.

NYS Homes and Community Renewal (HCR) is committed to fostering a culture of diversity, equity, inclusion, and accessibility. Our work would not be possible without the diverse backgrounds, experiences, ideas, and abilities of our employees. HCR is committed to developing a workforce which represents the diverse population of New York State. HCR embraces a diverse and inclusive work environment by encouraging all individuals, including those with disabilities, to apply to open positions at the agency.

The Senior Project Manager for Home ownership Development Initiatives will play an essential role in implementing Governor Hochul’s vision for housing opportunity in New York State. This is an exciting opportunity to build upon previous experience with housing finance to implement innovative solutions to help more New Yorkers access affordable, high quality home ownership opportunities.

Under the supervision of the Director of Home ownership Development Initiatives, the Sr Project Manager will underwrite and close loans for the development of multi-unit home ownership projects as well as facilitate property transfers to new homeowners. These projects may include scattered site or neighborhood-focused single-family development as well as multi-family projects, such as condominium and cooperative developments. Projects may be rehabilitation or new construction.

• Underwrite loans using multiple sources, including detailed pro forma development and analysis of due diligence items.
• Collaborate with government, private, and non-profit partners to deliver high quality projects that create truly affordable home ownership opportunities
• Adapt quickly to solve problems and fix roadblocks
• Provide and direct technical assistance to eligible program applicants and awardees to ensure comprehension of program regulations, requirements, and the application and funding processes.
• When applicable, participate in review and scoring of program-related applications and assist with award notification/declination process, and other grant administration activities.
• Draft memos, correspondence, reports, manuals, presentations, or other documents as needed.
• Carry out routine office activities.
• Attend, participate, conduct presentations and/or assist with preparation for meetings, conferences, webinars, and workshops.

This position requires occasional travel. Amount of travel varies throughout the year. This job description is not intended to be all inclusive and employee will be expected to perform other reasonably related duties as assigned.

• Bachelor's degree and 3-5 years of experience in a real estate development finance or project management role, preferably with a focus on home ownership development. Master’s degree in an urban planning or finance related field preferred.
• Demonstrated understanding of real estate finance and underwriting. Experience with home ownership
• Demonstrated interest in the relationship between housing development and community revitalization.
• Understanding of how to work effectively in and with diverse communities.
• Skill and experience in developing solutions and systems to address programmatic challenges.
• Demonstrated experience working independently and exercising good judgment…