Assistant Director of Bond Managment
Housing Opportunities Commission of Montgomery County
Announcement Number: PD14-11
Position Title: Assistant Director Bond Management
Division/Department: Mortgage Finance
Location of Job: Kensington
The Assistant Director of Bond Management will have the responsibility of managing the financial aspects of the HOC Bond Program and full responsibility for the Single Family Mortgage Purchase Program under the supervision of the Director of Mortgage Finance and Real Estate. Responsibilities include but are not limited to the review analysis and reporting on debt instruments including taxable and tax-exempt bonds, derivatives MBS, multifamily loans and other investments. The incumbent is responsible for monitoring, measuring and projecting cash flow from all assigned transactions and recommending investment decisions for program funds. The position plays a key role in the analysis of multifamily real estate to be selected for acquisition, development and financing. The employee will coordinate and supervise the activities the Single Family Program staff to ensure maximum efficiency and productivity in the delivery of mortgages to individuals of eligible income and expand and enhance the relationship with new and existing leaders. The incumbent is responsible for the adherence to Single Family Program rules and compliance with FHA regulations, RESPA, loan settlement procedures, mortgage, servicing procedure, among other requirements.
· Bachelors degree from an accredited college or university in Finance, Economics, Accounting, Real Estate or Public Policy. Masters degree preferred.
· Minimum of 10 years of progressively responsible experience in a combination of real estate, finance, mortgage or investment banking and multifamily development and project management.
· Requires experience in major national real estate markets.
· Requires supervisory experience involving professional level employees.
An equivalent combination of education and experience may be accepted. Low income residents in Montgomery County with the above qualifications are encouraged to apply.
HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records in determining suitability for employment. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.
Eligible Applicants: Unlimited
Minimum Starting Salary: $84,520
Position Number and Grade: MO17, Grade 34
Drivers License: Drivers License required
Financial Disclosure: Confidential required
Posting Date: January 31, 2014
Closing Date: Open Until Filled
To apply, please submit a cover letter and resume or application to the Human Resources Office. Please reference the Position Title and Position Number on your resume and/or cover letter when applying for this position.
PLEASE NOTE: HOC Career and Term employees must submit employment applications within 5 business days of Posting Date in order to receive first consideration.
HOC is an Equal Opportunity Employer.