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About the Role

The Asset Management Unit is responsible for the asset management and compliance monitoring of the Agency’s existing affordable housing portfolio, financed under various loan and subsidy programs.

Responsibilities

• Conduct internal audits of programs, projects, workflows, records, and operational practices.
• Review agency files, financial records, regulatory agreements, management procedures, site visit records, owner correspondence, and related documentation.
• Evaluate whether internal teams consistently follow HCR protocols.
• Identify operational risks, systemic issues, internal control weaknesses, documentation gaps, inconsistent practices, and areas requiring corrective action.
• Conduct quality assurance reviews of completed site visits, field visit logs, tenant event documentation, closeout letters, owner communications, and related records.
• Test internal controls to determine if procedures are operating as intended and if additional safeguards, documentation standards, or process improvements are needed.
• Review samples of project files, correspondence, reports, system entries, and work products for accuracy, completeness, consistency, and alignment with agency standards.
• Prepare audit reports summarizing findings, risk areas, corrective actions, responsible parties, response deadlines, and resolution timelines.
• Track corrective action plans from issuance through completion and confirm that resolution steps are documented, completed, and aligned with HCR expectations.
• Review whether required notices, reports, logs, uploads, and supporting documentation have been completed and maintained in appropriate agency systems.
• Support risk-based audit planning by helping prioritize reviews based on project performance, occupancy trends, financial concerns, prior findings, owner responsiveness, and regulatory exposure.
• Generate audit summaries, tracking reports, dashboards, and executive briefings highlighting audit results, unresolved issues, corrective action status, and matters requiring leadership attention.
• Support the development and refinement of audit tools, checklists, internal review templates, workpapers, tracking logs, and standardized reporting formats.
• Assist with the review and revision of field inspection forms, audit checklists, owner communication templates, internal tracking tools, and written procedures.
• Provide staff with guidance on audit preparedness, documentation organization, use of checklists, record maintenance, and proper use of approved systems.
• Monitor adherence to established policies and escalate repeated deficiencies, execution gaps, or unresolved issues to the appropriate supervisor or Vice President.
• Support internal reviews related to LIHTC, HOME, HTF, Section 8, RAD, Mitchell-Lama, and other HCR program requirements.
• Participate in internal meetings related to audit findings, corrective action plans, policy updates, operational improvements, risk areas, and process changes.
• Summarize and apply established agency procedures, program requirements, policy directives, and operational expectations in connection with internal audit work.
• Identify opportunities to streamline workflows, strengthen internal controls, improve documentation consistency, reduce errors, and enhance statewide portfolio oversight.
• Support special internal review projects assigned by leadership.
• Maintain organized audit files, workpapers, logs, supporting documentation, and resolution records.
• Perform other related duties as assigned.

Requirements

• Minimum of 3-5 years’ experience in property management of affordable housing or closely related field, which may include real estate finance and/or accounting or business administration.
• Occasional overnight travel required.
• Valid NYS driver’s license required.
• Physical capacity to perform unrestricted travel and conduct building, unit inspections and on-site regulatory compliance audits.

Skills

• Excellent analytical skills
• Excellent organizational skills
• Excellent problem-solving skills
• Excellent computer skills
• Excellent communication (oral & written) skills
• Proficiency in Microsoft Office (Word, Excel, and PowerPoint)

Location

• New York State

Work Type

• Full-time

Experience Level

• 3-5 years

Education Level

• Bachelor’s degree in real estate finance, accounting, or business administration, preferred.
• Certification and/or proficiency with HUD 4350 Requirements and Low-Income Housing Tax Credit Program Compliance, preferred.

About the Company

• New York State Homes and Community Renewal (HCR) is the State’s affordable housing agency, with a mission to build, preserve, and protect affordable housing and increase homeownership throughout New York State.

Equal Opportunity

• NYS Homes and Community Renewal (HCR) is committed to fostering a culture of diversity, equity, inclusion, and accessibility.
• Our work would not be possible without the diverse backgrounds, experiences, ideas, and abilities of our employees.
• HCR is committed to developing a workforce which represents the diverse population of New York State.
• HCR embraces a diverse and inclusive work environment by encouraging all individuals, including those with disabilities, to apply to open positions at the agency.