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Fiscal Services Administrator IV (049197)

Deputy Director, CDA Finance

Recruitment #15-004531-0001

Introduction

This recruitment is limited to current Department of Housing and Community Development employees only.

This is a permanent Management Service position with State of Maryland Benefits.

Work that Matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities.  This is an opportunity to join this nationally-recognized, award-winning organization and apply your skills to this high public purpose and challenging area.  Annually, DHCD finances approximately 2,700 units of multifamily rental housing in 40 properties, amounting to $350 million in construction and permanent financing.  Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low income housing tax credits, federal HOME funds and other federal funds.  Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.

GRADE

21

LOCATION OF POSITION

Crownsville, Maryland

In the future, DHCD will be relocating from Crownsville, Anne Arundel County, to the New Carrollton transit stop location in Prince George’s County.

POSITION DUTIES

The Deputy Director of CDA Finance is responsible for the management of the accounting and financial operations for over $2.8 billion in assets and liabilities.  The Deputy Director assists the Director with financial analysis and projections; review and preparation of quarterly interim financial statements and other disclosures to investors and rating agencies; oversight of audit and quarterly reviews by CPA firms; managing personnel and budget; the implementation of accounting software for cash management and mortgage insurance claims and their interface with general ledger; the review of liquidity needs and investment recommendations with appropriate maturities.  This is a highly complex and technical position. All of the position’s job duties are intertwined with CDA’s mortgage lending functions.  The position requires experience and expertise in loan and investment accounting, financial analysis of mortgage loans and investment portfolios, derivative management and understanding of swap finance and economics, management of mortgage revenue bond portfolios, specialized software, and mortgage lending.  It requires an understanding of general and highly specialized accounting and finance, such as, generally accepted accounting principles, computerized financial management systems, bond debt servicing, loan servicing, and real estate finance.  The position also requires extensive knowledge in mortgage lending.  This entails the full understanding of CDA’s revenue bond-funded lending programs and specialized software utilized to assist in the management of these lending programs.  The ability to interpret complex financial information, mortgage lending practices and policies, legal documents, and accounting pronouncements and to translate this information to complex financial models is essential.  Finally, this position is also responsible for staff leadership and for the development of and compliance with accounting policies and procedures that meet the fiduciary responsibilities of CDA.

MINIMUM QUALIFICATIONS

Education:  Possession of a Bachelor’s degree from an accredited four year college or university.   

Experience: Six years of professional experience in finance, accounting, or closely related fields.  

Notes:                      

1.  Applicants may substitute possession of a Master’s Degree with a concentration in accounting or finance for one year of the required experience.

2.  Applicants may substitute possession of a certification as a Certified Public Accountant (CPA) for one year of the required experience.  

DESIRED OR PREFERRED QUALIFICATIONS

  • Applicants who possess experience with tax exempt bond and/or secondary market financing, complex financial analysis and demonstrated management capability are highly preferred.
  • Applicants with advanced knowledge of mortgage loan software, MS Excel, MS Access/Crystal Reports, or other database management software packages is also a plus.

LIMITATIONS ON SELECTION

This recruitment is limited to current Department of Housing and Community Development Temporary, Contractual and Permanent employees.

SELECTION PROCESS

Please provide sufficient information on your application to document that you meet the minimum qualifications for this recruitment. Please provide transcripts, certifications or diplomas to document educational or certification qualifications. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification.

EXAMINATION PROCESS

The examination will consist of a rating of your education, training, and experience related to the requirements of the position.  You may be required to complete a qualifications supplement, or the rating may be based on your application.  Therefore, it is important that you provide complete and accurate information on your application.  Report all experience and education that is related to this position.

BENEFITS

FURTHER INSTRUCTIONS

Online applications are highly recommended. However, if you wish to submit a paper application or are unable to upload your transcripts into the system, please send via fax or mail. Please include a cover memo with the following information:  

Attn: Alicia Townsend, Recruitment Manager

Your First and Last name

Last 4 of SS#

Recruitment #

Classification (Job Title) of Recruitment

Please be advised that we can no longer accept the old MS-100 or resumes in place of application. Please do not put "See Resume" in the job duties section of your application; your application will not be considered.  If you are interested in the position and cannot apply online please fill out the revised paper application which can be found on JobAps or by contacting the Department of Budget and Management's Recruitment and Examinations Division Job Information Line at 410- 767-4850. Fax: (410) 514-7029  

Mail to: Alicia Townsend, Recruitment Manager

Office of Human Resources

100 Community Place

Crownsville, MD 21032    

TTY Users: call via Maryland Relay As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.  




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