Careers at HDC
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.
HDC is an Equal Opportunity Employer.
Available Positions:
Portfolio Analyst
Project Manager/Senior Project Manager, Development
Leasing and Compliance Specialist
Cash Management Administrator – Finance & Cash Management
Associate General Counsel, Legal Department
IT Senior Business Analyst
Payroll Coordinator
HDC is an Equal Opportunity Employer
Portfolio Analyst
Area of Talent: Asset Management/Affordable Housing
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Portfolio Analyst reports to the Vice President, Portfolio Analysis, actively monitoring and performing analysis of risk exposure for housing developments and loans within the HDC Asset Management portfolio. The Portfolio Analyst evaluates the financial and physical performance of assigned projects.
Job Responsibilities:
- Establish and maintain relationships with project owners, managing agents and various governmental agencies.
- Review and analyze financial statements and physical inspection reports for each property.
- Work closely with HDC Engineers on physical inspections that require timely follow up.
- Monitor and take appropriate and swift action on financial issues such as mortgage delinquencies.
- Work closely with Senior HDC staff to assess the performance of the HDC portfolio and to help to design workout strategies for delinquent properties.
- Identify project-specific regulatory obligations through thorough review of legal documents and agreements.
- Occasionally perform field audits and site inspections to gain familiarity and experience with assigned projects; requiring local travel via public transportation to project locations within the five boroughs of NYC.
Required Qualifications:
- Bachelor’s degree in finance, real estate, or accounting; business administration with substantial course work/credits specific to finance, real estate, and/or accounting also acceptable.
- Strong financial analysis skills.
- Proficiency in Microsoft Office.
- 1-3 years Microsoft Excel experience performing Intermediate level functions including spreadsheet creation and database management.
- Strong interpersonal, verbal, and written communication skills, and the ability to build relationships with staff, executives and external partners.
- Strong organizational skills with excellent attention to detail.
Preferred Qualifications:
- Working knowledge of affordable housing programs.
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
Project Manager/Senior Project Manager, Development
Area of Talent: Development/Affordable Housing
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Project Manager/Senior Project Manager is responsible for originating, underwriting, and closing mortgage loans to primarily finance the rehabilitation of New York City Housing Authority (NYCHA) units, using funds raised through bond issuances and/or allocations of corporate reserves. The Project Manager/Senior Project Manager may also close other affordable housing mortgages outside of the NYCHA preservation pipeline, subject to availability.
Job Responsibilities:
- Underwrite mortgage loans (analyze loan proposals; review due diligence materials; prepare spreadsheets outlining each proposal; prepare credit memos; present loans to Credit Committee for approval).
- Coordinate mortgage loan closings with internal and external parties, including developers, other City agencies, most notably NYCHA, bankers, bond underwriters and tax credit syndicators.
- Manage relationships with current and prospective developers/borrowers.
- Prepare management reports and loan tracking information.
- Assist in evaluating and/or formulating affordable housing program and policy initiatives.
Required Qualifications:
- A Bachelor’s degree with substantial course work/credits specific to finance, and/or real estate; a minimum of 2 to 5+ years of relevant experience in real estate lending, and/or development; or a satisfactory combination of education and/or experience equivalent to the above.
- Demonstrated interest in the affordable housing industry.
- Proficiency in using mortgage loan models and employing financial concepts.
- Strong interpersonal, verbal, and written communication skills.
- Ability to build relationships with staff, executives and external partners.
- Strong organizational skills with excellent attention to detail.
Preferred Qualifications:
- Graduate degree in related field a plus.
- Knowledge of Federal, New York State, and New York City affordable housing programs and the development process is a plus.
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
Leasing and Compliance Specialist
Area of Talent: Low Income Housing Tax Credit (LIHTC) Compliance/Affordable Housing
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Leasing and Compliance Specialist reports to the Assistant Vice President of Leasing and is primarily responsible for monitoring and evaluating applicant files for initial and ongoing LIHTC, Tax Exempt Bond, Taxable Bond, and HDC Marketing and Regulatory compliance.
Job Responsibilities:
- Evaluate the income and rent qualifications for applicant files to ensure compliance with specific building and program limits.
- Review applicant files to ensure that they contain complete and accurate documentation as required by HDC’s Marketing Guidelines and LIHTC requirements.
- Ensure turn-around on approvals within three (3) business days or less of the receipt of a complete submission.
- Review rent rolls and annual owner certification packages to ensure ongoing programmatic and regulatory compliance.
- Communicate regularly with agents to ensure timely processing and provide technical assistance and ongoing guidance.
- Create and update project spreadsheets to document initial and historical tenant data.
- Conduct offsite audits of housing lotteries, tenant files and unit inspections.
- Field complaints from applicants, elected officials, owners and agents and provide timely and detailed responses substantiated by HDC regulatory and programmatic guidelines.
- Assist with the monitoring of affordable housing lotteries for advertised projects, including lottery logs, to ensure proper processing of applicants.
Required Qualifications:
- A Bachelor’s Degree from an accredited college in a related field and relevant affordable housing industry experience is preferred; or,
- A satisfactory combination of experience and/or education that is equivalent to the above.
- Ability to work independently and meet critical deadlines.
- Strong Organizational and Communication Skills (Oral and Written).
- High level of proficiency in mathematics and data analysis.
- Ability to travel by public transportation in New York, Bronx, Brooklyn, Queens and Richmond Counties.
- Proficiency with Microsoft Office suite specifically Excel and Word.
Preferred Qualifications:
- Comprehensive understanding of HDC Marketing Guidelines and Fair Housing and Rent Stabilization guidelines
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
Cash Management Administrator – Finance & Cash Management
Area of Talent: Finance and Mortgage Loan Operations
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Cash Management Administrator reports to the Vice President Cash Management and is responsible for treasury activities related to liquidity and investment management of funds, including cash investment position reporting, bank reconciliations, investment analyses, on-line bank fund transfers and maintenance of the cash and investment positions of approximately 1,100 bank accounts.
Job Responsibilities:
- Implement various investments (repurchase agreements, US treasuries and agencies, and bank deposits)
- Balancing of all daily cash & investment transactions.
- Communicate with trustees (both verbal & written) instructions on cash receipts, disbursements and investments.
- Coordination of the use of funds with various departments.
- Reconciliation of cash and investment balances.
- Work with brokers to research potential investments for the Corporation.
- Preparation of various cash and investment reporting.
- Assist in calculation of debt payments on all bonds for the Corporation.
- Liaison with IT team
Required Qualifications:
- Bachelor’s degree with substantial course work/ credits specific to business operations, accounting or finance.
- Minimum of 3-6 years of relevant experience in Cash Management field.
- Understanding of bond payments, mortgage payments and investments.
- Competency in working with numbers and data analysis.
- Proficiency with Microsoft Office suite, specifically advanced Excel skills.
- Strong organizational, problem solving, oral and written communication skills.
- Attention to details and commitment to quality.
Preferred Qualifications:
- Knowledge of accounting principles.
- Familiarity with relational databases.
- Knowledge of the following software programs, a plus:
- Emphasys Bond & Investment modules
- Benedict LOANS!
- Treasury Cash Management system
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
Associate General Counsel, Legal Department
Area of Talent: Real Estate/General Corporate Matters
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The Associate General Counsel reports to the General Counsel and Deputy General Counsel, Legal Department and serves as counsel for HDC in negotiating, analyzing, structuring and closing secured loan and bond transactions.
Job Responsibilities:
- Handles sponsor review process and general corporate matters.
- Drafts commitments, regulatory agreements, notes and mortgages.
- Reviews and analyzes title and due diligence items regarding real estate.
- Reviews documents of borrower’s and lender’s counsel.
- Assists in converting construction loans to permanent loans.
Required Qualifications:
- Law Degree from an accredited Law School.
- 5 - 7 years minimum of relevant experience in transactional real estate and general corporate matters.
- Superior organizational, analytic, and problem-solving skills.
- Strong communication skills.
- Proficiency with Microsoft Office suite.
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
IT Senior Business Analyst
Area of Talent: Information Technology/Real Estate Finance/Banking
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Position Summary:
The IT PMO team at the New York City Housing Development Corporation (HDC) is looking for a Senior Business Analyst with project management experience. Reporting to the PMO Director, this individual will work as the primary liaison between HDC’s business units and the IT application development teams in HDC and/or external vendors. This role will elicit, define, analyze and validate requirements throughout the project lifecycle and also provide ongoing support for issue resolution and enhancement requests.
Job Responsibilities:
- Become a subject matter expert in HDC’s business processes to support system enhancements and provide guidance for new development. Be a strategic partner with HDC’s business units by implementing services and applications that they can use to automate and improve their processes.
- Perform business requirement activities by providing end-to-end analysis for projects utilizing data modelling, use cases, workflows and user interface design across HDC’s existing applications and upcoming initiatives.
- Create and maintain high-quality business and functional requirements documentation. Work with project stakeholders to prioritize requirements and assess impact of changes on existing systems and business processes.
- Assist the project manager in maintaining the project plan and managing assigned activities and tasks through completion by collaborating with business users and technology teams.
- Support the project team through all iterations of discovery, elaboration, development, testing, training, implementation and application usage.
- Develop and enforce the use of standards, best practices and methodologies for IT-related projects to drive continuous business improvement.
Required Qualifications:
- Bachelor’s degree in a related field
- 5+ years of experience as a Business Analyst or Product Owner
- 2+ years of experience as a Project Manager
- Experience with full project lifecycle, project management practices and SDLC methodologies
- Excellent organizational skills with the ability to coordinate and assist cross-functional teams in resolving business process and technical issues
- Outstanding analytical skills – comfortable addressing ambiguous questions and clearly articulating complex ideas to both technical and non-technical teams
- Strong communication (written, verbal and visual) and interpersonal skills with internal and external contacts
- Proficiency in MS Office tools
- Self-motivated and self-directed
Preferred Qualifications:
- Experience in data architecture/warehousing
- Experience in wireframing, mockups and UI design
- Familiarity with user journey mapping and UX concepts
- Agile experience
- Experience in public sector, government (housing) agencies
- Comfortable around executive leadership
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer
HDC is an Equal Opportunity Employer
Payroll Coordinator
Area of Talent: Payroll/ Reporting/Compliance
Position Type: Full Time/Exempt
Location: NYC/Wall Street Area
Reports to : Senior Human Resources Information Systems (HRIS) Manager
Position Summary:
The Payroll Coordinator is an integral member of the HR/Benefits/Payroll/Timekeeping team and is responsible for fully supporting the Senior HRIS Manager in the processing of the bi-weekly payroll for 175+ exempt and non-exempt HDC employees, benefits administration and reporting.
Job Responsibilities:
Timekeeping/Payroll
- Perform all aspects of payroll processing for exempt and non-exempt employees through HDC’s Human Capital Management (HCM) platform Ceridian Dayforce.
- Use and embrace the full range of capabilities in Ceridian Dayforce, a comprehensive, modern cloud HCM platform for managing the entire employee lifecycle.
- Continuously identify ways to improve payroll and timekeeping processes to enhance HDC staff’s experience.
- Perform analytical reviews of bi weekly, quarterly and annual payroll information and reports to ensure accuracy.
- Provide hands-on support for all payroll matters by working closely with HDC’s Accounting and Cash Management teams
- Ensure regulatory compliance for all payroll processing procedures including taxation (both multi-state and localities).
- Handle and monitor employee payroll and benefit inquiries and ensure that all inquiries are promptly and appropriately resolved
- Perform other duties and special projects as requested by management
Benefits
- Support all payroll related aspects of HDC’s benefit programs including but not limited to health benefits, life insurance, pre-tax benefits programs and retirement savings plans (NYCERS and 403B)
- Fully support the Senior HRIS Manager in benefit system implementations and enhancements including transition to a third-party platform for FSA administration
- Ensure compliance with all payroll/benefit laws and regulations
- Cross-trained in benefits administration and acts as back-up to HR/Benefits Coordinator.
HRIS/Reporting
- Leveraging Dayforce, gather critical employee data in standard and customized formats to support the EEO Office, and Senior/Executive staff needs for organizational review and business reporting
Qualifications:
- Bachelor’s Degree in accounting, finance, mathematics, business/public administration or related field
- Minimum of 3+ years experience of end to end payroll processing
- Current and ongoing knowledge of applicable federal, state, and local wage/hour laws is a must
- Strong organizational, problem-solving, and analytical skills
- Excellent written and oral communication skills
- Proven ability in HRIS platforms and reporting
- Intermediate level Microsoft Office skills with heavy emphasis in Excel
- Ability to complete all assignments (including those unexpected) with flexibility & creativity
- Proven ability to keep all payroll/employee information completely confidential
Preferred Qualifications:
- 3+ years experience with Ceridian Dayforce including the Reporting Module
- Knowledge of employee health benefits, pre-tax programs, life insurance and short term and long term disability programs
- Direct experience with New York City Employees Retirement System (NYCERS) and 403B administration
- Experience with governmental health benefit programs such as the New York State Health Insurance Program (NYSHIP)
Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits including health benefits, retirement savings and career development programs.
HDC is an Equal Opportunity Employer