City and County of Denver

Assets Manager


Pay$76426.00 - $101265.00 / year
LocationDenver/Colorado
Employment typeFull-Time

This job is now closed

  • Job Description

      Req#: R0068794

      About Our Job

      With competitive pay, great benefits, and endless opportunities, working for the City and County of Denver means seeing yourself working with purpose — for you, and those who benefit from your passion, skills, and expertise. Join our diverse, inclusive, and talented workforce of more than 11,000 team members who are at the heart of what makes Denver, Denver.

      What We Offer

      The City and County of Denver offers a competitive salary commensurate with education and experience. The salary range for this position is $76,426.00 - $126,103.00 /year. Our starting salary range is $76,426.00 - $101,265.00/year, based on experience and education.

      We also offer generous benefits for full-time employees which include but are not limited to:

      • A guaranteed life-long monthly pension, once vested after 5 years of service
      • 457B Retirement Plan
      • 140 hours of PTO earned within first year + 11 paid holidays, 1 personal holiday and 1 volunteer day per year
      • Competitive medical, dental and vision plans effective within 1 month of start date

      Location

      The City and County of Denver supports a hybrid workplace model. Employees work where needed, at a city site and/or in the community several days a week. In this position you can expect to work on site at least two days a week at the Republic Plaza at 370 17th Street, Denver, CO 80202. Employees must work within the state of Colorado on their off-site days.

      What You’ll Do

      At the Department of Housing Stability (HOST), we are committed to support Denver residents as healthy, housed and connected. We invest resources, create policy, and partner with various organizations to help keep residents in the homes that they already live in, quickly resolve an experience of homelessness, and connect residents to new housing opportunities. To support these efforts, the department helps to:

      • Stabilize residents at risk of involuntary displacement and connect residents to housing resources such as home repairs, rent and utility assistance, and legal support.
      • Support residents experiencing a crisis and connect them to housing, shelter and other services to get stabilized quickly.
      • Create and preserve existing affordable housing and connect residents at any income level to new housing opportunities through programs such as down-payment assistance or counseling services.
      • Support financial services, contracting and procurement, data analysis and strategic planning, administrative resources, and communications across the housing continuum.

      We are seeking a driven and detail-oriented Asset Manager that will be responsible for working on several areas that involve loans, project management/compliance, and administration.

      Specifically, as an Asset Manager, you will:

      • Analyze the portfolio, identify non-compliance according to existing procedures, monitor exposures, and provide reports to management.
      • Prepare financial analyses and loan modifications, formulate recommendations and negotiate with borrowers on program guidelines.
      • Monitor risk of loan repayment and covenant performance by analyzing financial compliance with loan documents.
      • Maintain, organize, and update loan files, property database information, and borrower contacts. Manage assigned construction loans from loan closing to project completion to ensure all timelines and agreement requirements are satisfied. Generate maturity, delinquency, client condition, and portfolio snapshot reports.
      • Actively contact delinquent borrowers to obtain payments and bring loans current. Collect and analyze financial reports on surplus cash flow loans to determine if payment is required.
      • Monitor end of drawdown period and process draw requests.
      • Oversee federal compliance reporting for a portfolio of loans that may include HOME, CDBG, HOPWA, or NSP funding. Perform periodic on-site file reviews of affordable rental properties.
      • Prepare and update procedures and honors work commitments follow through on what was agreed upon; meets agreed upon deadlines.
      • Collaborate with other work groups, CCD agencies, and outside organizations as appropriate, in a proactive and responsive manner. Follow rules, regulations, and policies. Positively contribute to implementing changes.

      Ideal Candidate Summary

      We value diversity of ethnicity, race, socioeconomic status, sexual identity, gender, religion, language, ability, and experience and exemplify this through the makeup of our team at all levels. You'll be right at home here if you cultivate strong relationships and push yourself, your work, the people around you and Denver to the next level.

      Our ideal candidate has some or all the following experience, skills, and characteristics:

      • 2-4 years’ experience with multi-family housing and/or commercial real estate.
      • Experience with a variety of legal documentation for real estate loan transactions. Strong analytical ability.
      • Knowledge of multifamily real estate finance. Community development real estate lending, affordable housing lending experience is a plus.
      • Experience in analyzing complex financial statements. Demonstrated ability to prepare clear, accurate, well-organized written and financial reports.
      • Familiarity with contracts, mortgages, appraisals, loan collateral, and sufficient knowledge to review and negotiate loan documents.
      • Understanding of federal and state real estate development subsidy programs that serve urban and rural areas.
      • Commitment to community development and low-income housing.

      Required Minimum Qualifications

      • Education requirement: Bachelor's Degree in Accounting, Finance, Economics, Business Administration, or a related field.
      • Experience Requirement: Three (3) years of full performance, professional level experience overseeing and administering functional or operational aspects of fiscal business operations.
      • Education/Experience Equivalency: One (1) year of the appropriate type and level of experience may be substituted for each required year of post-high school education. Additional appropriate education may be substituted for the minimum experience requirements.

      Application Deadline

      This position is expected to stay open until September 15, 2024. Please submit your application as soon as possible and no later than September 15, 2024, at midnight to ensure consideration.

      To be considered for this position, you must include the following on your job application (upload the attachment(s) to the Resume/CV section on the My Experience tab):

      • Cover letter detailing your skills and experience with multi-family housing and/or commercial real estate, and your interest with our position.
      • Resume.

      About Everything Else

      Job Profile

      CV2310 Fiscal Administrator I

      To view the full job profile including position specifications, physical demands, and probationary period, click here.

      Position Type

      Unlimited

      Position Salary Range

      $76,426.00 - $126,103.00

      Starting Pay

      $76,426.00 - $101,265.00/year, based on experience and education

      Agency

      Department of Housing Stability

      The City and County of Denver provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, national origin, disability, genetic information, age, or any other status protected under federal, state, and/or local law.

      It is your right to access oral or written language assistance, sign language interpretation, real-time captioning via CART, or disability-related accommodations. To request any of these services at no cost to you, please contact Jobs@Denvergov.org with three business days’ notice.

      Applicants for employment with the City and County of Denver must have valid work authorization that does not require sponsorship of a visa for employment authorization in the U.S.

      For information about right to work, click here for English or here for Spanish.

  • About the company

      Denver, officially the City and County of Denver, is the capital and most populous municipality of the US state of Colorado.

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