Senior Vice President, Affordable Housing Asset Management

About Us:

The Women’s Housing and Economic Development Corporation (WHEDco) is a community
development organization founded on the radically simple idea that all people deserve to
live in healthy, vibrant communities. We build award-winning, sustainable, affordable homes
– but our work is not over when our buildings are complete. WHEDco believes that to be
successful, affordable housing must be anchored in strong communities of which residents
can be proud. WHEDco’s mission is to create and bridge access to resources in the South
Bronx that support thriving neighborhoods – from high-quality early education and afterschool programs, to fresh, healthy food, cultural programming, and economic opportunity.

Job Summary:

The Senior Vice President of Affordable Housing Asset Management will join WHEDco’s
Executive Team with overall responsibility for the asset and physical plant management of
WHEDco’s three mixed-use affordable housing buildings.
The ideal candidate will be a strategic partner to the Executive team and will model a culture
that attracts and retains employees at all levels, as well as consistently demonstrate good
judgment.

Responsibilities:

• Lead and support the WHEDco housing asset management team, currently comprised
  of the Director of Real Estate and Project Manager, and the two property
  management companies.
• Coordinate with the property management companies and vendors to complete
  repairs as needed in both residential and commercial spaces, including WHEDco
  offices.
• Manage the security vendors and the continual monitoring of building security and
  safety.
• Lead and monitor budgets and timelines of capital project vendors, including
  contractors and architects.
• Manage commercial leases and sub-leases.
• Monitor and review the Deal Book to ensure compliance with all mandates including
  cash and reserve protocols.
• Lead the portfolio repositioning and refinancing, including establishing and
  implementing Year 15.
• Liaise with Controller and/or Assistant Controller to integrate real estate accounting
  and reporting. Serve as the main liaison to outside auditor of housing affiliates’ fiscal
  policies and practices.
• Advise the Board of Directors and Executive Team on the housing affiliates’ ongoing
  financial condition. Serve as the main liaison to the Board Housing Committee.
• Report on asset management to tax credit investors, joint venture partners and
  government regulators.
• Review and evaluate property and casualty insurance, and other insurance coverage
  across the portfolio and collaborate in risk management and minimization activities.
• Ensure that compliance reporting is completed and agency inquiries are answered in
  a timely manner. Assist in remediation of violations (FDNY/HPD/DOB).
• Provide leadership oversight on new capital projects including the completion of the
  Bronx Music Hall.
• Monitor ongoing landscape for potential future development projects and, if
  applicable, lead WHEDco’s efforts to pursue and execute on such opportunities,
  including the preparation of RFP submissions, financial analysis and underwriting proforma for new construction and preservation projects.
• Assist with grant requests and budget documentation.
• Other duties as assigned.
  Qualifications:
• Bachelor’s degree with a focus in urban planning, real estate, finance or accounting;
  Master’s degree preferred.
• A minimum of 10 years of related experience required, preferably in an organization
  with significant government service contracts.
• Excellent financial modeling and quantitative analysis skills required.
• Experience with government affordable housing programs is strongly preferred.
• Exceptional communication and interpretive skills.
• A high level of integrity and emotional intelligence, along with strong interpersonal
  skills.
• Excellent and adaptive leadership skills, with the ability to work collaboratively with a
  diverse group of individuals.
• Experience managing and retaining high performing team members as well as
  providing professional development opportunities to promote individual,
  interpersonal and organizational growth.
• Genuine interest and passion for WHEDco’s mission.
  Excellent benefits and competitive salary ($140,000 – $150,000) based on experience.
  All new hires must provide proof of having received at least one dose of a U.S. Food and
  Drug Administration (“FDA”) authorized COVID-19 vaccine by their first day of
  employment, and proof of full vaccination within 30 calendar days.
  To apply, please send a cover letter and resume to recruitment@whedco.org. Please
  include “Senior Vice President” and your name in the subject line.
  WHEDco affords all qualified applicants equal employment opportunities without
  discrimination because of race, creed (religion), color, sex, gender, national origin, sexual
  orientation, military status, age, disability, predisposing genetic characteristic, marital status
  or domestic violence victim status, or any other category protected by law. WHEDco follows
  the requirements of the New York Human Rights Law with regard to non-discrimination on
  the basis of prior criminal conviction and prior arrest.