AVP Multifamily Agency Asset Management

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 has provided a consistent source of capital to underserved housing markets in New York State since 1974. CPC is a nationally recognized leader in affordable housing finance, with a robust platform that includes construction lending, a mortgage bank, and equity and impact investment focused on 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.

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 CPC’s 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 partners—including borrowers, guarantors, government agencies, developers, owners, managers, Fannie Mae, Freddie Mac, FHA, and other industry groups—to preserve the value of housing financed by CPC mortgage loans.

• 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 CPC’s portfolio.
• Oversee the review, analysis, and submission of loan and property-level asset management consent requests.
• Monitor borrower compliance with loan documentation and CPC’s 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 CPC’s risk management framework, inform stakeholders of portfolio risks and issues, and assist in quantifying CPC’s 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.

• Bachelor’s degree required. Master’s 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.

• 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 $115,000 – $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.