Underwriting and Bond Financial Analyst (Mortgage Finance)

Housing Opportunities Commission; Greater London; On-site; USD 77,000 - 131,000; Full time

Job summary

An established industry player is seeking a skilled Underwriting and Bond Financial Analyst to join their Mortgage Finance Division. This role focuses on evaluating credit risk and managing multifamily underwriting processes. The ideal candidate will have a strong background in mortgage finance, an analytical mindset, and excellent communication skills. You will collaborate with various departments, ensuring compliance and data integrity while supporting bond issuance and construction processes. This is a fantastic opportunity to contribute to affordable housing initiatives and make a meaningful impact in your community.

Qualifications

• 5+ years in multifamily underwriting or mortgage finance.
• Bachelor's degree required; Master's preferred.

Responsibilities

• Support Mortgage Finance Division in credit risk evaluation.
• Review loan documents and monitor bond financing properties.
• Analyze financial data and ensure compliance with regulations.

Skills

Multifamily Underwriting

Mortgage Finance

Financial Analysis

Communication Skills

Interpersonal Skills

Microsoft Office Suite

Education

Bachelor's degree in Finance

Master's degree in Finance

Tools

Microsoft PowerPoint

Microsoft Word

Microsoft Excel

Job description

Underwriting and Bond Financial Analyst:

The Housing Opportunities Commission of Montgomery County (HOC), established in 1974, aims to address the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to facilitate construction or renovation of housing; to obtain financial assistance from public or private sources; and to provide social, resident services, and daycare programs.

Job Description:

This professional role involves supporting the Mortgage Finance Division in evaluating and documenting credit risk. Responsibilities include assisting multifamily underwriting staff, monitoring workflow, managing legal documents related to multifamily real estate financing, and overseeing bond proceeds during construction.

The ideal candidate will possess extensive knowledge of real estate and mortgage finance principles to perform due diligence, review financial and construction data, ensure compliance, and audit aspects of loan management and underwriting processes.

The role requires managing assigned tasks within agency objectives and resources, interpreting guidelines, and making informed recommendations. It involves assessing programs and processes, evaluating property financial stability, and identifying risks in properties and financing to prevent issues.

Primary contacts include real estate developers, HOC staff, and the Commission, with ongoing consultation with managers and legal staff to determine appropriate actions.

Example of Duties:

• Coordinate with Mortgage Finance and Asset Management divisions, assist with HFA Risk sharing, and monitor Federal Financing Bank programs.
• Review loan documents and financial data for bond financing properties.
• Collaborate with Legal, IT, Asset Management, and Mortgage Finance staff to develop and maintain lending and loan management databases.
• Inspect properties and their neighborhood and market characteristics.
• Support mortgage operations, analyze financial and construction data, and ensure data integrity.
• Generate multi-year pro formas and analyze property financial statements.
• Manage document collection during underwriting, coordinate bond issuance, and oversee bond draws and construction processes.
• Stay informed on policies and regulations affecting HOC programs and adapt to changes.

Minimum Qualifications:

Experience: Minimum five years in multifamily underwriting or mortgage finance, especially with housing finance agencies.

Education: Bachelor's degree in Finance, Economics, or related field; Master's preferred. Equivalent education and experience may be considered. Low-income Montgomery County residents are encouraged to apply.

Knowledge, Skills, and Abilities:

• Proficiency with Microsoft Office Suite (PowerPoint, Word, Excel).
• Knowledge of bonds and the bond market.
• Understanding of local, state, and federal housing programs and market trends related to affordable housing in Montgomery County.
• Ability to perform financial analyses, develop budgets, and prepare reports.
• Ability to interpret laws, regulations, and bond documents, and work with legal staff.
• Strong communication skills, both written and oral.
• Effective interpersonal skills for dealing tactfully with diverse stakeholders.

* Salary Grade 26 - Min: $77,798 / Mid: $103,922 / Max: $130,046. Salary is determined by departmental budget and experience.

HOC is committed to diversity and inclusion. All qualified applicants will receive consideration without regard to various protected characteristics. We promote a drug-free workplace and conduct background and reference checks, along with pre-employment drug screening, as conditions of employment.