Washington State Commerce Specialist 5  in Olympia, Washington
We have a unique opportunity for a savvy contracting professional responsible for negotiating and generating complex contracts and legal documents to protect the state interest in investments made through the state Housing Trust Fund (HTF) and federal HOME and National Housing Trust Fund programs. A specialist in contracting and legal documents, this position prepares interagency agreements, contracts, grants, loans, promissory notes, priority & subordination agreements, deeds of trusts, covenants, and other agreements and legal documents for federal and state funded affordable housing projects. It provides technical assistance to program contractors and staff regarding agency contracting requirements, program loan terms and amortization schedules, and all related legal and real estate documents.
We are looking for someone who is willing to roll up their sleeves, collaborate across the agency and with stakeholders, and build strategies and work plans to meet our business need and program purpose.
- Responsible for the full life-cycle of state HTF and federal HOME and National Housing Trust Fund Loans and grants, including the developing, reviewing, preparing, and negotiating all HFU contracts. This includes capital financing contracts, operating grants, services contracts, and intergovernmental agreements, as well as related legal documents covenants, and other agreements and legal documents as needed.
- Leads the development and implementation of all contract and legal document templates, work methods, information systems, policies and procedures to ensure program and legal standards are met and the state's investments will be protected upon the sale, refinance, loss, or change of use of all projects financed by the HFU.
- Independently works with contractors, attorneys, title company officers, public and private funders, and housing developers to complete and administer HFU's legal and security documents, including but not limited to: promissory notes, assignment and assumption agreements, deeds of trust, restrictive covenant agreements, and priority & subordination agreements.
- Negotiates and coordinates with HFU's legal counsel (Assistant Attorney General), contractors and their legal counsel, and other project funders to resolve conflicts between state and other public and private investor legal and financial interests.
- Oversees the development, negotiation and execution of contracts, totaling approximately $50 million per year (on average).
- Oversees the work of the contracting and fiscal team within the HFU; conducts hiring processes; identifies and supports training and mentoring needs and opportunities, as well as provides regular feedback, coaching, and guidance; sets goals and expectations; evaluates job performance; corrects performance as needed.
- Manages workload of team, assigns contracts, maintains reports and tracking log of all activity and closing dates. Ensures deadlines are met, and provides quality assurance of all contract-related activities.
- Assists the Managing Director in program planning, budget development, and development and implementation of unit policies and procedures.
- Oversees the organizational design and workflow of the contracting and fiscal team; assists the Managing Director in the design and implementation of the organizational structure and workload distribution within HFU.
- Performs advanced analysis and interpretation of current legislation, state and federal regulations, legal issues, contract terminology and industry practices, and draft contract language and policies, related to program contracts and other legal documents related to real estate and housing finance transactions.
- Consults with Assistant Attorney General and the Commerce Contracts Manager on complex contracting issues and ensures the protection of Commerce interests when negotiating, preparing, and executing legal documents pertaining to HFU projects. Qualifications
- Bachelor's degree and four years of professional experience in affordable housing finance or with real estate contracting and legal documents, or in a related field.
- Additional years of affordable housing experience may substitute, year-for-year for education.
- A graduate degree or advanced degree may substitute for one year of required experience.
- A law degree may substitute for two years of experience.
- One year of supervisory experience.
- Experience with, and/or knowledge of, real estate financing and contracting transactions, mortgage security documents (such as deeds of trust, promissory notes, restrictive covenants, assignment agreements, and priority & subordination agreements), and loan terms including preparing and revisiting amortization schedules.
- Demonstrated ability to effectively communicate, independently analyze, and weigh the risks versus benefits in decisions and recommendations related to real estate contract negotiation and execution.
- Demonstrated ability to collaborate and build partnerships, develop and lead work teams, and work effectively with authorizing and external environment.
- Advanced or intermediate experience using Word processing software, building and editing spreadsheets in Microsoft Excel, and use of the internet for research.
- Experience with preparing, amending, and/or analyzing government contracts.
- Law degree and/or legal experience in real estate development and financing transactions.
- Experience negotiating with real estate developers, title officers, escrow agents, financial institutions, attorneys, housing authorities, single asset entities, and nonprofit affordable housing providers.
- Experience with low-income housing tax credit financing and other affordable housing capital programs.
- Ability to openly and honestly communicate; actively engage co-workers and contractors; develop interpersonal skills.
- Identify and advocate for change necessary to streamline systems, enhance customer service, and improve efficiency and effectiveness. Supplemental Information
I want to work for Commerce! How do I apply?
In addition to completing the online application, applicants must attach the following documents to their profile in order to be considered for this position:
- A letter of interest describing how you meet the specific qualifications for this position;
- A current resume detailing experience and education; and
- A list of at least three professional references.
The initial screening will be solely based on the contents and completeness of your application and the materials submitted. All information may be verified and documentation may be required. First review of applications may take place as early as April 24, 2018. It will be to the applicant's advantage to submit materials as soon as possible. The hiring authority reserves the right and may exercise the option to hire at any time after the initial 7 days of posting.
For questions about this recruitment, please contact Corina Grigoras, Managing Director at 360-725-4134 or Corina.Grigoras@commerce.wa.gov.
Who we are:
At Commerce, we're a little different. Our Olympia offices are open Monday through Friday. Our parking is free. Many of our employees bike year round. We also have an active bicycle loaner program.
Washington State offers commuting programs, including free, subsidized and reduced public transportation incentives. There are approximately 300 employees in our agency. We are committed to our work and value balance in our personal lives. We hire people for a position and encourage them to train for growth opportunities.
If this sounds like a good fit for you and you meet the qualifications, we encourage you to apply today!
What we do:
We are the lead state agency charged with enhancing and promoting sustainable community and economic vitality in Washington. We administer a diverse portfolio of more than 100 programs and several state boards and commissions, all focused on achieving one clear and simple mission: to grow and improve jobs in Washington.
Our key customers include businesses, local governments and community-based organizations. We also play the crucial role of convening numerous local, state, regional and federal partners and stakeholders, public and private. Together we work to support the Governor's priorities and achieve shared goals and objectives for the citizens of Washington.
This position is covered by a union security provision. Therefore, as a condition of employment, candidates who are appointed are required to become members of the Washington Federation of State Employees, or pay other representational fees within the first 30 days of employment.
The Washington State Department of Commerce complies with the employment eligibility verification requirements of the federal Form I-9. The selected candidate must be able to provide proof of identity and eligibility to work in the United States consistent with the requirements of that form on the first day of employment.
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 call Human Resources at (360) 725-2650. 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.
Salary: $5,101.00 - $6,692.00 Monthly
Location: Thurston County – Olympia, WA
Job Type: Full Time - Permanent
Department: Dept. of Commerce
Job Number: 2018-03867
Closing: 5/1/2018 11:59 PM Pacific
Agency: State of Washington
Address: View Job Posting for Agency Information View Job Posting for Location, Washington, 98504
Phone: View Posting for Agency Contact