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, Engineering & Architecture
Internal Auditor
Compliance Specialist
Accountant
Project Manager, Development
 

 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 physical and financial 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, Engineering & Architecture

Area of Talent:    Engineering, Affordable Housing

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Project Manager, Engineering & Architecture position reports to the Assistant Vice President in the Asset Management Department. This position performs physical inspections, design reviews, rehabilitation plan and cost review, and construction monitoring of occupied rehabilitation projects to preserve the integrity of HDC’s portfolio of affordable multi-family housing developments.  

 

Job Responsibilities:

  • Analyze and assess building conditions, maintenance practices, energy efficiency, storm    resiliency, construction plans, rehabilitation costs, and progress.
  • Prepare written reports to management and ownership with findings and recommendations.
  • Review owner responses to findings and determine the feasibility of the proposed remediation.
  • Complete plan and cost reviews of rehabilitation scopes to advise financing staff.
  • Monitor construction progress and review construction requisitions.
  • Participate in evaluating initiatives and policies affecting the physical strength of  HDC’s portfolio.
  • Participate and represent HDC in meetings with borrowers, business partners and other agencies.
  • Oversee third party consultants as applicable.
  • Frequent travel throughout the five boroughs of New York City.

 

Required Qualifications:

  • Bachelor’s degree in engineering, architecture, or construction management.
  • 2-5 years experience in engineering, architecture, or construction management.
  • Knowledge of NYC building codes, multi-family residential construction, HVAC, plumbing and building conveyance systems.
  • Strong interpersonal, verbal and written communication skills.
  • Proficiency in Microsoft Office productivity tools.

 

Preferred Qualifications:

  • 5 plus years relevant experience
  • NYS licensed PE or RA, LEED, BPI or CEM certification
  • Knowledge of Federal State and New York City affordable housing programs.
  • NYS driver’s license preferred, but not required.

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

Internal Auditor

Area of Talent:    Internal Audit

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Internal Auditor, Internal Audit, reports to the Vice President (VP), Internal Audit and is responsible for conducting financial, compliance and operational audits.  

 

Job Responsibilities:

  • Conducts financial, compliance and operational audits of key functional/business areas in accordance with audit standards.
  • Reviews and ensures compliance with policies, procedures, laws and regulations.
  • Assists in identifying and evaluating the corporation’s risk areas and provides input to the development of the Annual Audit Plan.
  • Performs audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing data, evaluating controls and documenting client processes and procedures.
  • Identifies, develops, and documents audit issues and recommendations using independent judgement concerning areas being reviewed.
  • Documents sample selection, fieldwork performed, testing results and audit conclusions in a clear and concise manner.
  • Prepares working papers to support audit observations and conclusions and maintains documentation of internal audits performed.
  • Prepares audit reports including audit observations and suggested improvements and presents audit results to Management and the Audit Committee.
  • Evaluates responses to audit observations to determine reasonableness and suggests follow-up action.
  • Performs follow-up reviews on actions taken to address audit issues identified.
  • Interacts with external auditors on financial & internal control related reviews as required.
  • Pursues professional development opportunities, including external and internal training and professional association memberships, and share information gained with co-workers.
  • Develops and maintains productive client and staff relationships through individual contacts and group meetings.
  • Completes other duties as assigned.

 

Required Qualifications:

  • A Bachelor’s Degree from an accredited college in a related field such as real estate finance, accounting, business administration.
  • 2-3 years minimum of relevant internal auditing experience in real estate finance and/or mortgage operations, accounting, business analysis OR, a satisfactory combination of experience and education that is equivalent to the above.
  • Knowledge of and skill in applying internal auditing and accounting principles and practices; management principles and preferred business practices.
  • Direct experience in designing and performing audit procedures including for the assessment of business process, and identification of key risks and key controls.
  • Direct experience performing relevant field work in accordance with an approved audit program.  
  • Ability and experience managing audits with time-sensitive deadlines.
  • Strong organizational, analytic, and problem solving skills.
  • Strong verbal and written communication skills.
  • Professional Internal Audit Certification such as CIA, CPA, or CISA preferred.
  • Proficiency with Microsoft Office suite specifically Excel, Word and Visio experience. 
     

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

Compliance Specialist

Area of Talent:    Compliance/Affordable Housing/Low Income Housing Tax Credit

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Compliance Specialist reports to the Director of Compliance and is responsible for monitoring and evaluating compliance within HDC’s Low Income Housing Tax Credit (LIHTC), Tax Exempt Bond (TEB), and Taxable Bond (TB) properties. 

 

Job Responsibilities:

  • Performs on-site LIHTC and TEB audits of properties pursuant to Section 42 and 142 of the Internal Revenue Code.
  • Reviews annual owner certification packages and rent rolls to ensure ongoing programmatic and regulatory compliance.
  • Monitors program updates on a regular basis and takes the appropriate actions to ensure compliance.
  • Prepares and maintains timely, accurate, and updated compliance reports.
  • Establishes and maintains key external relationships with property owners, managing agents and various governmental agencies.
  • Acts promptly to respond in writing to inquiries and complaints.
  • Assists in all functions of HDC’s Leasing and Marketing Groups.
  • Provides technical assistance to stakeholders.

 

Required Qualifications:

  • A Bachelor’s Degree from an accredited college in a related field and relevant affordable housing industry experience; or,
  • A satisfactory combination of education and/or experience that is equivalent to the above.
  • Ability to travel frequently by public transportation primarily in New York City.
  • Ability to work independently and meet critical deadlines.
  • Superior organizational, problem solving, oral and written communication skills.
  • High level of proficiency in mathematics and data analysis.
  • Proficiency with Microsoft Office suite specifically Excel and Word.

 

Preferred Qualifications:

  • Working knowledge of 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

Accountant

Area of Talent:    Accounting/Affordable Housing

Position Type:     Full Time/Non-Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Accountant reports to the Chief Accountant and is responsible to apply the principles of accounting to process, analyze and report financial transactions.

 

Job Responsibilities:

  • Process financial transactions related to Bond, Mortgage, Investment and Escrows in the General Ledger.
  • Calculate and record revenue and expense accruals in the General Ledger.
  • Review investment, bonds and mortgage related transactions and amortize deferred revenues and expenses.
  • Prepare bank reconciliations, account analysis, mortgage confirmation and payoff amounts.
  • Prepare periodic and annual financial statements with supporting schedules and footnote disclosures.

 

Required Qualifications:

  • Bachelor’s degree in Accounting from an accredited college or university, and two years’ experience in a related area and/or internship; or equivalent combination of education and experience.
  • Proficiency in Microsoft Office – Word, Excel, and Outlook.
  • Detail oriented with the ability to multi-task and work both independently and as part of a team.
  • Excellent written and oral communication skills.

 

Preferred Qualifications:

  • Familiarity with Oracle.
  • Knowledge of investment securities.

 

​Submitted resumes must be accompanied by a cover letter that includes salary requirements.

Please email your cover letter and resume to  jobs@nychdc.com or fax to (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, Development

Area of Talent:    Development/Affordable Housing

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Project Manager, Development reports to the Senior Vice President, Development and is responsible for originating and underwriting mortgage loans using funds raised through bond issuances and/or allocations of corporate reserves.

 

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, 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 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.

 

​Submitted resumes must be accompanied by a cover letter that includes salary requirements.

Please email your cover letter and resume to  jobs@nychdc.com or fax to (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