Financial Analyst

Harmony Housing Affordable Development Inc; Raleigh (NC); On-site; USD 60,000 - 80,000; Full time

Job summary

Harmony Housing Affordable Development Inc. in Raleigh, North Carolina, is seeking a Financial Analyst to oversee the financial management of affordable housing projects.

The ideal candidate will have a Bachelor’s degree in finance or related field and at least two years of experience in real estate development. The role requires exceptional financial modeling skills and strong communication abilities to work closely with cross-functional teams and external stakeholders.

Qualifications

• Minimum of two years of progressive experience in real estate development or finance.
• In-depth understanding of real estate fundamentals and transaction structuring.
• Experience in advanced multi-family real estate underwriting.

Responsibilities

• Manage financial aspects of affordable housing projects.
• Collaborate with project teams to execute multiple projects.
• Maintain financial models and prepare financial analyses for presentations.

Skills

Financial modeling

Analytical skills

Communication skills

Problem-solving

Organization

Education

Bachelor’s degree in accounting, business, finance, or related field

Master’s degree (a plus)

Tools

Microsoft Excel

Microsoft Office Suite

Adobe

SharePoint

SmartSheets

Job description

Harmony Housing Affordable Development Inc. (HHAD) is one of the largest developers of affordable rental housing in the United States. HHAD’s mission is to positively impact communities by creating and preserving quality affordable housing for low‑wealth households. This position is located in our Raleigh, North Carolina office and reports to the Director of Finance.

Job Overview

The Financial Analyst will manage the financial aspects of HHAD’s affordable housing projects, ensuring compliance with regulatory requirements and providing accurate financial reporting to stakeholders. The role involves underwriting, financing, and closing transactions for the company’s multi‑family affordable development platform (new construction, rehabilitation, mixed-use, and Rural Development). The analyst will conduct financial analyses of development opportunities and interface regularly with external development partners, lenders, syndicators, equity investors, and government agencies.

Primary Duties and Responsibilities

• Support execution of the multi‑family affordable development platform by leading underwriting, financing, and closing activities.
• Collaborate with cross‑functional project teams (Finance, Development, Construction) to execute multiple projects simultaneously.
• Facilitate collection, organization, review, and analysis of financial due diligence materials.
• Prepare, update, and maintain detailed project‑level and portfolio‑level financial models using Excel and data‑analysis techniques.
• Prepare financial analyses and supporting materials for presentations to senior leadership, Investment Committee, external partners, and other stakeholders.
• Provide regular status reports on projects to senior leadership.
• Monitor and drive project schedules to ensure financial milestones are achieved on time.
• Track pre‑development costs and cash needs for assigned projects.
• Lead efforts to raise debt and equity by preparing investment packages, soliciting proposals, responding to questions, and negotiating terms.
• Identify potential sources of soft funding and update financial models with associated financing terms.
• Work closely with the Development Team to prepare applications for tax credits, tax‑exempt bonds, and other funding sources.
• Assist in monitoring project budgets, ensuring development sources and uses remain balanced and providing insights into cost management and financial performance.
• Participate in project meetings and contribute to financial decision‑making processes.
• Prepare closing draws and facilitate project financial closing and funding requests; review closing statements for accuracy.
• Ensure continuous adherence to local, state, and federal regulations related to affordable housing financing and reporting, including state QAPs.
• Review project partnership and financial documents to maintain funding terms and conditions consistently.
• Communicate effectively and timely with bank representatives, lenders, investors, housing agencies, market analysts, appraisers, auditors, clients, and other external deal participants.
• Establish, cultivate, and maintain strategic relationships with partners, brokers, institutional and equity partners, owners, lenders, and other key stakeholders.
• Lead meetings with external clients, financial partners, and government agencies as needed.
• Collaborate with other analysts, developers, and project managers to provide financial insights and support.
• Foster a collaborative environment that encourages continuous improvement and innovation.
• Identify and implement process improvements to enhance the efficiency and effectiveness of the Finance and Underwriting functions.
• Stay updated on industry trends and best practices in affordable housing finance.
• Ensure individual and departmental goals and objectives are achieved.

Experience, Skills, and Abilities Required

• Bachelor’s degree in accounting, business, finance, real estate, mathematics, or a related field (Master’s degree a plus).
• Minimum of two years of progressive experience in real estate development, real estate finance, or low‑income housing tax credit syndication.
• In‑depth understanding of real estate fundamentals and transaction structuring.
• Exceptional financial modeling skills – ability to create, update, maintain, understand, and audit complex models using Microsoft Excel (advanced).
• Experience reviewing real estate financial information (operating statements, rent rolls, audits, loan documents).
• Experience in advanced multi‑family real estate underwriting with LIHTC and tax‑exempt bond financing, FHA mortgage insurance programs, and agency debt products (Fannie/Freddie).
• Familiarity with affordable housing funding programs and compliance regulations.
• Demonstrated analytical, problem‑solving, and decision‑making skills.
• Ability to recognize and mitigate investment risks.
• High energy, accuracy, organization, and results orientation; proven ability to manage multiple projects under strict deadlines.
• Excellent written and oral communication skills with the ability to clearly and concisely express ideas, thoughts, and concepts.
• Advanced computer skills – Microsoft Office Suite, Adobe, SharePoint, SmartSheets, and similar programs.
• Ability to handle daily responsibilities and projects with minimal direction while collaborating with a team.
• Ability to maintain a “big picture” focus while attending to detailed work and providing thorough documentation.
• Resourceful, flexible, and responsive to achieve positive outcomes.
• Strong personal standards and values consistent with HHAD’s core values (entrepreneurial, integrity, caring, and excellence).
• Successful background check required.

EEO Statement

HHAD is an EEO employer.

Accessibility Note

If you are a job seeker with a disability and require a reasonable accommodation to apply for one of our jobs, please call (212) 896‑9169. A member of our recruitment team will respond.

This job description is not inclusive of all responsibilities, skills, requirements, efforts or working conditions associated with this position. While it is intended to be an accurate reflection of the current position, management reserves the right to modify the position or require that other or different tasks be performed when circumstances change. This description replaces all previous descriptions for this position.