Assistant Deputy Director, Portfolio Management and Compliance

Job Description and Duties

Note: Effective July 1, 2025, a 3% salary reduction is in place under the Personal Leave Program (PLP), with 5 hours of Personal Leave Credit earned monthly in exchange. This program is subject to change based on union agreements and state budget policy.

At HCD, we are dedicated to fostering a dynamic and inclusive work environment where innovation and collaboration thrive. If you’re interested in promoting safe, affordable, sustainable communities for all Californians, HCD is the place for you. By joining our team, you’ll have the opportunity to make a meaningful impact in your community while working along passionate professionals.

Under the general direction of the Division of State Financial Assistance (DSFA) Deputy Director, the Assistant Deputy Director of Portfolio Management and Compliance provides executive leadership over HCD’s asset management, portfolio restructuring and compliance functions, as well as the Division’s oversight of the Office of Migrant Services Program and other operations responsibilities. The incumbent guides the long-term financial health, regulatory compliance, customer-focused service delivery, and operational efficiency of California’s multifamily affordable housing portfolio through leadership of the Division’s portfolio analytics, performance and risk management, and reporting strategy to support enterprise decision-making. The Assistant Deputy Director ensures consistent interpretation and implementation of laws, regulations, and policies; promotes transparent communication and collaborative problem-solving with internal and external partners; and supports the Division and Agency in advancing innovative, solution-oriented practices grounded in metrics, analysis, and evaluative learning that strengthen performance and uphold the mission of promoting affordable housing and community development for Californians.

Please Note: A Statement of Qualifications must be submitted along with your application in order to be considered for this position. Please see Statement of Qualifications section below for instructions.

This position requires reporting to an HCD office a minimum of four days per week. In limited cases, at the Department’s discretion, an employee may be approved to work in a remote centered capacity on a temporary basis until appropriate office space becomes available. Under California Government Code Section 14200, telework eligible employees must reside in California. The designated headquarters location will be based on the employee’s primary residence and may be updated if HCD criteria are met.

You will find additional information about the job in the .

Special Requirements

Confidentiality

Do not include any confidential information on any documents you submit for a job vacancy, such as your State application, resume, or educational transcripts. Confidential information that should be excluded or removed from these documents includes, but is not limited to, your Social Security Number (SSN), birthdate, student identification number, driver’s license number (unless required), basis of eligibility, examination results, LEAP status, marital status, and age. Confidential information on the first page of applications submitted electronically online, such as Easy ID number, SSN, examination related information, and driver’s license number will automatically be redacted upon submission.

Employment Application (STD.678)

It is a requirement to submit work experience, dates, and hours worked, contact names and phone numbers of supervisors on the state application. Resumes or other documents cannot substitute a state application. Applicants who fail to submit a completed STD. 678 will not be considered.

HCD Disclosure Requirements

Selected candidates may be subject to rules imposed by a Conflict of Interest Code that apply to HCD employees, which may require filing a Statement of Economic Interest (Form 700).

HCD conducts pre-employment background checks on all new to HCD or returning to HCD candidates. This position requires a background check to be conducted in California and cleared prior to being hired.

HCD utilizes the federal E-Verify system to verify employment authorization in the United States. For additional information, please visit the E-Verify website .

Desirable Qualifications

In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

• Experience providing executive-level policy interpretation, guidance, and regulatory compliance determinations for complex affordable multifamily housing portfolios, including programs with layered financing and varied regulatory agreements
• Experience leading large, multidisciplinary teams responsible for asset management, monitoring, audits, compliance, or financial stewardship in a high-volume statewide program environment.
• Experience designing or modernizing monitoring, compliance, or risk-management procedures that promote transparency, consistency, customer service, and adherence to laws, regulations, loan agreements, and regulatory contracts.
• Experience applying Enterprise Risk Management concepts, financial analysis, or data modeling to assess portfolio health, forecast workload, or support policy and legislative recommendations.
• Experience sponsoring or directing technology modernization efforts, including integration of portfolio/asset management systems, compliance databases, analytics dashboards, or other digitization initiatives that improve data quality and reduce manual processes.
• Ability to provide strategic leadership during organizational, legislative, or programmatic change, including experience developing communication plans, change-management strategies, or divisional implementation roadmaps
• Ability to build and maintain effective, collaborative relationships with executives, senior management, program partners, local governments, State agencies, and stakeholders involved in affordable housing development, compliance, or preservation.
• Ability to present complex data, policy, or financial information clearly and concisely to executives, legislative staff, boards, external partners, or the public, including through visually compelling presentations or dashboards
• Demonstrated ability to mentor, coach, and develop staff and management teams to increase subject matter expertise, build capacity, and promote proactive problem solving.
• Strong organizational, analytical, and decision-making skills, including the ability to manage competing priorities, work under pressure, adapt to changing circumstances, and deliver timely, high-quality results.

Benefits

We offer competitive benefits and flexible opportunities:

• Excellent health, dental and vision benefits for employee/employee’s family
• 401k program
• Flexible Schedules
• Hybrid telework
• Alternate Work Week Schedule options
• Paid Holidays and vacation/leave
• Tax-advantaged savings and spending accounts
• Free Employee Assistance Program
• Investment in your training and development

HCD’s Sacramento Headquarters’ building also offers:

• Convenient transportation options, including light-rail and pre-tax parking
• Free On-site Gym
• On-site Childcare
• On-site Café, Deli, and Grill
• On-site ATM

For more details about employee benefits, visit the

Statement of Qualifications

Candidates must respond to each desirable qualification below. Resumes, cover letters, or any other documents cannot substitute the SOQ. When completing the SOQ, specify relevant experience, education, timeframes, and provide specific examples. Incomplete or missing responses to the information requested may negatively impact the assessment of your qualifications.
Responses must not exceed three (3) pages, must use Arial 12-point font, and must be organized and numbered in the order provided below:

1. Describe your e xperience providing executive-level policy interpretation, guidance, and regulatory compliance determinations for complex affordable multifamily housing portfolios, including programs with layered financing and varied regulatory agreements
2. Describe your experience leading large, multidisciplinary teams responsible for asset management, monitoring, audits, compliance, or financial stewardship in a high-volume statewide program environment.
3. Describe your experience designing or modernizing monitoring, compliance, or risk-management procedures that promote transparency, consistency, customer service, and adherence to laws, regulations, loan agreements, and regulatory contracts.
4. Describe your experience applying Enterprise Risk Management concepts, financial analysis, or data modeling to assess portfolio health, forecast workload, or support policy and legislative recommendations.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is required and must be included.
• Statement of Qualifications - Please see Statement of Qualifications section below for instructions.