Asset Manager (COM 3)

Full Job Description

Asset Manager (COM 3)
At the Department of Commerce, we’re reimagining what’s possible in government. We’re builders, thinkers, and change-makers, working at the intersection of innovation, community, and impact. From unlocking critical funding to fueling inclusive economic growth, we’re turning big ideas into real-world solutions that uplift people and places.

Our agency’s strength lies in the diversity of our workforce and the breadth of the lived experiences and perspectives employees bring to the work.

We believe equity is not just a value but a practice, which is reflected in how we design programs, engage communities, and deliver outcomes.

We foster a workplace culture where curiosity is encouraged, bold thinking is welcomed, and collaboration drives our impact.

This job is a commitment to reshape systems so they work better for everyone. If you’re ready to challenge the status quo and build meaningful connections, we want to meet you.

Let’s build what’s next, together.

The Housing Division (HD) partners with local governments, Tribes, housing authorities, nonprofits and other organizations to develop and preserve affordable housing, promote individual and family self-sufficiency, and reduce adult and youth homelessness.

This position works within the Multifamily Housing Unit (MHU) of HD and is responsible for specific tasks within the State Housing Trust Fund (HTF), Housing Preservation Program (HPP) and the federal HOME and National Housing Trust Fund (NHTF) programs. This position is a technical specialist in real estate development and finance. This position develops, negotiates, and manages key terms and conditions for resulting state and federally funded contracts that specialize in the development of affordable housing for the low-income and special needs population. This position updates and maintains Commerce databases to ensure accurate project data is available. This position establishes program priorities and develops policies to ensure affordable low-income housing units are created and preserved, from the time of award through to the project’s long-term period of performance.

This position exercises independent judgment and discretion regarding the interpretation and implementation of policies and regulations. This position coordinates with other MHU and agency staff for the effective and timely completion of assigned tasks and ensures that customer service is a priority.

Requirements

Qualifications

Required Position Qualifications:
Seven (7) years of combined experience and/or education as described below:
Experience in affordable housing, housing finance, real estate/lending, community, trade, or economic development with a focus in two or more of the following areas:
• Contract Management
• Affordable Housing Asset Management
• Project Management
• Demonstrated understanding of multifamily/rental housing development and lending, and related real estate transactions and legal documentation
• Demonstrated understanding of affordable housing finance, including layered financing using private and public funds, tax credits, and partnership structures

Education involves housing finance, business, public administration or related field. Qualifying education post High School or equivalent may be substituted year for year for experience.

Examples of how to qualify:
• 7 years of experience
• 6 years of experience and one year of education
• 5 years of experience and two years of education
• 4 years of experience and three years of education
• 3 years of experience and four years of education
• 2 years of experience and five years of education
• 1 year of experience and six years of education

Preferred/Desired Qualifications:
• Good understanding of state and federal low-income housing program regulations.
• Experience with the Washington State Housing Trust Fund or with U.S. HUD programs, such as HOME or federal Housing Trust Fund, Low-Income Tax Credit Program, or other similar programs.
• Experience developing rental housing or home ownership opportunities in rural communities.
• Experience with writing and implementing policies and procedures.
• Willingness to work flexible hours and in a collaborative, team-based environment.

Required Position Competencies:
• Demonstrated skills in organization, team building, and succession planning.
• Demonstrated ability to collaborate and build partnerships, develop work teams, and work effectively with the authorizing and external environment.
• Demonstrated ability to manage and work with diverse personalities, styles, and cultures.
• Ability to apply negotiation and conflict resolution skills.
• Exceptional written and verbal communication skills, as well as interpersonal and relationship building skills.
• Knowledge of agencies, institutions, and processes involved in real estate development.
• Advanced proficiency with Microsoft Excel and ability to create and manipulate pro forma financial models.

To be considered for this position the following are needed:

• A complete and detailed online application.
• A cover letter (enter online).
• At least three professional references (enter online).

For questions about this recruitment, please contact our recruitment team via email: comrecruitment@commerce.wa.gov - please reference the job number in your message.

Additional Information

Work from Anywhere in Washington State
This position may be located anywhere within Washington State though occasional travel to a Commerce office building or in-state travel to attend events or meetings may be required. If selected, you will need to travel to pick up equipment and receive instruction. Many Commerce employees work remotely or have a hybrid schedule.

This recruitment may be used to fill future vacancies over the next 60 days.

Technical support is provided by NEOGOV, 855-524-5627 (can't log in, password or email issues, error messages). DES job seeker support may answer general questions regarding the recruiting system at careershelp@des.wa.gov.

Our Commitment to Equal Opportunity
The Washington State Department of Commerce is an equal opportunity employer. We strive to create a working environment that includes and respects cultural, racial, ethnic, sexual orientation and gender identity diversity. Women, racial and ethnic minorities, persons of disability, persons over 40 years of age, veterans or people with military status, and people of all sexual orientations and gender identities are encouraged to apply. Persons needing accommodation in the application, testing, or interview process or this job announcement in an alternative format may email Human Resources at Human.Resources@commerce.wa.gov. Applicants who are deaf or hard of hearing may call through the Washington Relay Service by dialing 7-1-1 or 1-800-833-6388.

Department of Commerce also offers a competitive benefits package including: medical and dental insurance benefits, retirement and deferred compensation plans, 11 paid holidays each year, 14-25 vacation days per year (depending on length of employment), 8 hours of sick leave per month (if full time employed), bereavement leave, an employee assistance program, as well as other benefits. Please see the Benefits Tab for more details.