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The New York City Housing Development Corporation (HDC) is the nation’s number one issuer of bonds for multi-family affordable housing. Established as a public benefit corporation by the State of New York in 1971, HDC is responsible for financing the creation and preservation of affordable housing within the five boroughs of New York City. The financing provided by HDC is in the form of low-cost mortgages made through the sale of tax-exempt and taxable bonds. Our programs are designed for multi-family rental housing and cooperative developments and serve a wide range of income segments from very-low to middle-income tenants. 

HDC is an equal opportunity employer. Please email your cover letter and resume to jobs@nychdc.com or fax to (212) 227-6893.

Available Positions:

 

Chief Accountant

Department: Accounting and Budget
Reports to: Controller and Deputy Controller 

Position Summary: 

The Chief Accountant is expected to work closely with the Controller and Deputy Controller in the everyday management of the accounting department, its staff and its interaction with all departments throughout the Corporation. This position requires an individual with the ability to think logically and proactively as the department implements new and complex financial transactions, softwares, accounting standards, and reporting requirements.

Responsibilities:

  • Work closely with the Controller and Deputy Controller to implement and carry out the department’s goals as well as that of the Corporation; have the ability to think through issues and solve problems; have the ability to make decisions and recognize when to escalate to senior managers
  • Supervise senior and staff accountants in the daily activities and transactions of the Corporation; train new staff 
  • Provide guidance and analytical support to accounting staff on recording new types of financial transactions
  • Review and analyze financial transactions for accurate accounting including mortgage, bond and investment transactions
  • Read and interpret mortgage and bond documents to set up complex financial transactions in the general ledger as well as to be able to discuss the documents with other departments
  • Provide guidance and support to staff in the preparation of the Corporation’s operating budget and five year capital plan
  • Supervise the preparation of the Corporation’s financial statements
  • Analyze quarterly and year-end financial statements and prepare a written summary of financial activities for those financial statements
  • Assist in managing the fiscal year-end financial statement audit process; communicate and work with the external auditors and coordinate requests with accounting staff during the audit
  • Serve as a coordinator between the accounting division and other departments on financial, technical, and other corporate matters; represent the department at project management meetings and have the ability to report updates back to senior management as well as recommend solutions and decisions as needed
  • Maintain and update the department’s procedural manual

 

Requirements:

  • BA/BS in Accounting with a minimum of 7 years of relevant experience in the accounting field
  • Proficiency in accounting principles; knowledge of GASB a plus
  • Experience in managing a large staff for a minimum of 3 years
  • Strong financial analysis and problem solving skills
  • Proficiency in Microsoft (Excel, Word, Access, Power Point) required; Oracle Financials and Business Intelligent Query Tool a plus 
  • Strong project management skills
  • Excellent communication (oral and written) and presentation skills

 

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

HDC is an equal opportunity employer


Vice President of Human Resources (HR)

Division: Human Resources
Department: Administration
Reports to: Senior Vice President for Administration 

Position Summary: 

The Vice President of HR will develop and administer human resources policies and procedures to attract/retain qualified employees; to ensure compliance with all applicable laws and regulations; and to foster a balanced work environment that is both supportive and productive.  The VP will work closely with senior executives on strategic planning to address the needs and challenges (both current and long-term) that are specific to each of the corporation’s various departments.

Responsibilities:

  • Oversee, and ensure legal compliance regarding, the administration of:
    • Staff hiring, retention & terminations 
    • Personnel records
    • Compensation and benefits ​
  • Serve as the corporation’s Equal Employment Opportunity (EEO) Officer, which entails:
    • Ensure that recruitment efforts continue to reach appropriately diverse pools of applicants;
    • Address and resolve potential EEO concerns raised by staff;
    • Coordinate with EEO counselors regarding EEO complaints to devise appropriate plans of action and resolution;
    • Schedule (preparing agendas before and documenting minutes after) quarterly EEO meetings with the EEO team to address any issues and review staffing changes within the corporation during the prior quarter to evaluate impact 
    • Continue self-education to remain current in all EEO-related information; ensure adequate ongoing training for other EEO team members; and ensure periodic EEO training for the entire HDC staff
  • Remain up-to-date regarding knowledge of all laws and new legislation impacting HR (including but not limited to EEO, FLSA & FMLA) and monitor/revise company policies accordingly:
    • Carefully/regularly update the employee handbook and all other written materials
    • Carefully/regularly review and update the various required public posters/fact sheets
    • Ensure adequate information sharing, distribution & training as needed
  • Prepare and ensure the effective communication of all HR-related information including:
    • staff orientation documents and sessions for new staff
    • changes or other information regarding employee benefit information 
    • staff appraisals and employee development 
    • clear guidance regarding all EEO-related matters (including but not limited to policies regarding anti-harassment and the importance of workplace diversity/inclusiveness)
  • Directly supervise a staff of three and work very closely with them and external business partners (including service vendors & insurance carriers) regarding the details of payroll, benefits plans, and all other operational business of the HR division.
  • Schedule and lead informative & well-prepared bi-weekly meetings with designated senior staff (and more frequently when requested or as necessary) to review payroll and benefit details in advance of each pay period  
  • Respond to requests from employees for assistance regarding all HR matters, conducting research when needed to address unique or unanticipated questions/issues as they arise 
  • Proactively and collaboratively work with all senior staff to discuss and plan for the staffing & training needs of their departments.  
    • Ensure accurate employee job descriptions & updated organizational charts
    • Craft job postings & additional recruitment strategies tailored to new positions
    • Assist in the review of applicants, participate in interviews and verify references
    • Assess growing workloads to strategize staffing & other solutions
    • Assist in departmental reorganizations as needed
    • Guide staff evaluations & strategize training opportunities that will both assist employees in their own development and maximize contributions to their departments
  • Serve as the primary contact for hiring, employment & training matters with other government entities including The Conflicts of Interest Board (COIB), The Department of Investigation (DOI), The Department of Citywide Administrative Services (DCAS), and The Department of Housing Preservation & Development (HPD).     
  • Complete other (sometimes unexpected) assignments with the flexibility & creativity expected of a Vice President.  

 

Requirements:

  • Master’s Degree in Human Resources or related field strongly preferred (comparable experience considered);
  • Certifications/Affiliations with industry-related Organizations such as SHRM;
  • Strong & Current Knowledge of all HR-relevant laws & regulations (EEO, FLSA, FMLA, etc.)
  • Excellent public speaking, business writing, and presentation skills
  • Excellent time management skills 
  • Experience managing sensitive personnel matters, securing confidential information, and recommending/implementing disciplinary measures
  • Experience in strategic planning & organizational restructurings
  • Strong computer skills, including experience with HRIS software (HDC uses the ABRA system); Microsoft proficiency (especially Excel & Power-Point); and adaptability to databases & other electronic platforms to maintain, organize & present data
  • Directly relevant, senior-level experience managing HR-related functions for an organization

 

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

HDC is an equal opportunity employer


Portfolio Analyst in Asset Management

Reports To: Vice President, Portfolio Analysis 
  

Position Summary:

Position actively participates in the monitoring and analysis of risk exposure for housing developments and loans within the HDC Asset Management portfolio. The portfolio analyst will evaluate the physical and financial performance of assigned projects individually and collectively based on groupings such as by housing provider (i.e. external developers & managing agents) and by HDC program type.  

Responsibilities:

  • Actively monitor and evaluate assigned portfolio of projects on an on-going basis 
  • Establish and maintain relationships with project owners, managing agents and various government agencies 
  • Input financial statements into HDC database 
  • Review and analyze financial statements and physical inspections for each property; coordinate with HDC's engineers on noted issues
  • Follow up and remedy financial issues such as mortgage delinquencies 
  • Assess troubled properties to provide technical assistance and work with more senior staff to devise workout strategies 
  • Review legal documents and agreements to identify project-specific regulatory obligations 
  • Perform field audits and site inspections to develop personal experience with assigned projects. This involves some local travel via public transportation to project locations throughout the five boroughs 
  • Work with senior staff to establish criteria and reports to assess the performance of the HDC portfolio 

 

Requirements:

  • Strong Financial Analysis Skills required
  • Excellent Organizational and Communication Skills (Oral and Written)
  • Proficiency with spreadsheets, financial analysis and database management (including Microsoft Office)
  • B.A or B.S. Degree Required either in Finance, Real Estate, or Accounting.  Degree in Business Administration may also be acceptable if it includes substantial course work/credits specific to Finance, Real Estate, and/or Accounting.
  • Some experience in, or working knowledge of affordable housing programs is preferred

 

HDC is an equal opportunity employer


Cash Management Analyst

Reports To: Vice Presidents of Cash Management
Department: Debt Issuance and Finance

The Cash Management Group is part of the Debt Issuance and Finance Department.  Cash Management is responsible for tracking all cash receipts and expenditures for the Corporation. This group is also responsible for mortgage loan set up and certain servicing functions.  This position would involve interaction with all departments within the Corporation. 

Position Summary: Responsible for mortgage loan set up and certain investment functions of the Corporation.  Will also provide back-up for various Cash Management Functions such as debt management and creating and maintaining various reports.  

Responsibilities:

  • Review documents related to new mortgage loans and conversions
  • Set up and verify of information for new and converted mortgage loans on the mortgage loan servicing system.
  • Coordinate with management on the investment activities of the Corporation, including reporting functions.
  • Work with brokers to research potential investments for the Corporation.
  • Assist as needed in maintaining debt outstanding files for all fixed and variable rate bonds.
  • Prepare management reports and loan tracking information as needed

Requirements:

  • Bachelor’s degree
  • Strong analytical and problem solving skills
  • Understanding of financial concepts and mortgage loans
  • Proficiency in Word, Excel and PowerPoint
  • Comfortable working with financial systems
  • Ability to prioritize and meet deadlines
  • Accuracy and attention to detail
  • Excellent communication skills
  • Comparable experience

 

HDC is an equal opportunity employer