Financial Specialist 13/ Transaction Specialist - Pre-Final Close Specialist

State of Michigan; Lansing (MI); Hybrid; USD 70,000 - 90,000; Full time

Job summary

MSHDA seeks a Financial Specialist 13 to analyze, structure, coordinate, and resolve highly complex financial transactions involving MSHDA-financed multifamily housing developments.

The role requires expertise in financial modeling, multifamily housing financing, and compliance with fair housing programs. A remote/hybrid schedule may be possible based on performance, but all work must occur in Michigan, with relocation if currently outside the state.

Qualifications

• Four years of professional experience in a financial role performing accounting, auditing, or analysis of financial data.
• Possession of a CPA may substitute for one year of professional experience.

Responsibilities

• Analyze, structure, coordinate, and resolve highly complex financial and transactional issues involving MSHDA-financed multifamily housing developments.
• Serve as a technical and financial specialist for complex mortgage transactions and funding structures.
• Identify programmatic risk and recommend corrective actions.

Skills

Financial analysis

Accounting

Auditing

Financial modeling

Education

Bachelor's degree in accounting, finance, or economics

CPA certificate substitute for experience

Job description

At the Michigan State Housing Development Authority (MSHDA), we serve the people of Michigan by partnering to provide quality affordable housing solutions in support of all communities. We strive to make Michigan a place where all people have quality affordable housing as a foundation to reach their full potential. Guided by our core values, we put people first, expand housing access and opportunity, use data to drive thoughtful decisions, and collaborate with partners to deliver innovative, sustainable housing solutions. Learn more at www.michigan.gov/MSHDA.

MSHDA seeks a Financial Specialist 13. Position is responsible for analyzing, structuring, coordinating, and resolving highly complex financial and transactional issues involving MSHDA-financed multifamily housing developments. Serving as a technical and financial specialist for complex mortgage transactions, pre-final-close mortgage modifications, new or uncommon funding sources and programs, and other transaction structures that require specialized financial analysis and interpretation beyond routine transaction processing.

Competitive candidates for this position will have the ability and skills to develop alternative financial scenarios and solutions, identify programmatic risk and recommend correct action. Possess knowledge of financial modeling, multifamily real estate development financing and complex financing structures. Along with possessing experience in fair housing compliance programs.

There is a possibility of a remote/hybrid schedule based on performance and operational need. However, all work must be performed in Michigan. If you currently reside outside of Michigan, you must relocate to Michigan to perform the duties of this position.

Position Description

For additional information, please see the links below:

MSHDA's Housing is Foundational Video

MSHDA's Promotional Video

MSHDA is a Veteran Friendly Employer. Veterans and Military Spouses are encouraged to apply.

Applicants can qualify for this position by meetingthe following:

• Four years of professional experience in a financial role performing accounting, auditor, or analysis of financial data. Possession of a Certificate in Public Accounting (CPA) may be substituted for one year of professional experience.
• AND
• Possession of a bachelor's degree or higher in any major with at least 12 semester (18 term) credits in one or a combination of the following: accounting, finance, or economics.

Additional information on the education, experience, knowledge, skills, and abilities required for different class levels can be found in the job specification at: https://www.michigan.gov/mdcs/-/media/Project/Websites/mdcs/JOBSPECS/F/FinancialSpecialist.pd

All newly hired state employees are required to complete and pass a pre-employment drug test prior to their actual appointment. All positions within the Michigan State Housing Development Authority (MSHDA) also require a state criminal background check and are subject to MSHDA's Ethical Standards, Conduct and Disclosure of Interest Policy, and will be expected to disclose any personal and financial interest that may conflict with official duties as an MSHDA employee. Any offer of employment will remain conditional until the results of the background check, financial disclosure review, and drug test indicate eligibility for employment.