Asset Management Specialist

Job Description and Duties

To be considered for this position, candidates must currently be on the eligibility list for the Housing Finance Specialist (Management Services) classification. To review the exam bulletin, click here: EX-5268

Under direction of the Housing Finance Officer, the Housing Finance Specialist is responsible for the financial oversight and risk management of an assigned portfolio of multifamily affordable housing developments. The Specialist performs comprehensive reviews, approvals, and analysis of operating budgets, financial reports, audits, and portfolio performance to ensure compliance with Federal, State, and Agency regulations.

**This is a continuous recruitment; Additional cutoff dates may be set as departmental needs warrant.**
Next Cutoff Date for job application review: 8/30/2026

Minimum Qualifications:
(Requirements for admittance into the exam)

Either I

One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of Housing Finance Associate.

Or II

Experience: Three years of experience in the fiscal management of real property, including budgeting, hiring, purchasing and accounting for profitability of projects, for a sponsor, developer, or owner of rental housing, including at least one year of experience in the management of housing developments with more than 100 apartment units. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) AND

Education: Equivalent to graduation from college, preferably with a degree in planning, economics, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)

You will find additional information about the job in the .

Working Conditions

Hybrid telework schedules are available. The amount of telework is at CalHFA’s discretion and is based on operational needs. IN-PERSON ATTENDANCE WILL BE REQUIRED WEEKLY .

Our office is in 500 Capitol Mall , a high-rise building conveniently located in downtown Sacramento with access to public transportation (light rail and bus) and freeways (I-5, 99, and Business 80). It is one block from Downtown Commons (DOCO), the Golden 1 Center, and many restaurants. Employees also have free access to the gym located in the building.

Candidates who are new to state service will be placed at the minumum of the salary range.

Visa Sponsorship: Applicants must be authorized to work for ANY employers in the U.S. CalHFA is unable to sponsor or take over sponsorship of an employment visa.

Please let us know how you learned about this career opportunity by taking a brief survey

Special Requirements

The Employment History section of the STD 678 Employment Application must be complete and include accurate dates, hours per week, total time worked, duties performed, and supervisor names and phone numbers.

• Applicants who fail to submit a thoroughly completed STD 678 may be disqualified.
• Resumes or other documents do not substitute the STD 678.
• Only the most qualified applicants will be invited to an interview.

Use these links to review the State Application Checklist and Supplemental Application checklist to help you understand how to complete a strong state application and address some frequently asked questions.

In order to be considered for this job, you must satisfy one of the following requirements:

BE LIST ELIGIBLE :
Successfully complete the State civil service exam for the Housing Finance Specialist (Management Services)classification

OR

BE TRANSFER ELIGIBLE:
Have current employment with the State of California in the same classification or in a classification that is comparable (employees who wish to be considered based on transfer eligibility must meet the minimum qualifications of the classification per DPA Rule 250)

OR

BE REINSTATEMENT ELIGIBLE:
Have obtained previous permanent employment with the State of California in the same classification or in a classification that is comparable.

Benefits

Benefit information can be found on the CalHR website and the CalPERS website.

Minimum Qualifications

Housing Finance Specialist (Management Services)

Either I

One year in the mortgage operations of the California Housing Finance Agency at a level of responsibility equivalent to that of Housing Finance Associate.

Or II

Experience : Three years of experience in the fiscal management of real property, including budgeting, hiring, purchasing and accounting for profitability of projects, for a sponsor, developer, or owner of rental housing, including at least one year of experience in the management of housing developments with more than 100 apartment units. (A Master's Degree in Planning, Economics, Business, Government, Finance or a related field may be substituted for one year of the required experience.) AND

Education : Equivalent to graduation from college, preferably with a degree in planning, economics, government, finance or a related field. (Additional qualifying experience may be substituted for the required education on the basis of one year of experience equals two years of college education.)

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 optional. It may be included, but is not required.
• Supplemental Application - A response to the highlighted question below is required in order to be eligible for this position.
  Failure to follow all instructions and provide a relevant response will disqualify an applicant from consideration. Resumes, cover letters, or general statements of qualifications will not be accepted in place of the required response.
  Your response must:
  - Be in 12-point, Times New Roman font, single-spaced
  - Be no more than one (1) page in length
  - Include the question, as it is stated below, above your response
  How did you prepare for the Housing Finance Specialist (Management Services) examination?

• Other - Degree or Transcripts : If using education to meet the Minimum Qualifications (MQs), you MUST provide copies of your relevant degree or transcripts to be considered.
  • If you meet the MQs without higher education, you may bypass this item by selecting Upload > Bypass Item.
  • Foreign transcripts are not accepted; they must be evaluated for U.S. equivalency: Foreign Transcript Evaluation Services
  • Passing the exam does NOT automatically mean you meet MQs , so please read them thoroughly.
  • Note, if using education to meet, you will be required to provide official copies of your qualifying degree or transcripts (or U.S. Equivalency Evaluation) prior to employment.