Impactful Multifamily Financing Origination Analyst

Illinois Housing Development; Chicago (IL); On-site; USD 81,000 - 101,000; Full time

Benefits offered by this job

Paid time off

Hybrid work arrangement

Medical/dental/vision/life insurance

Short/long term disability

Flex spending

Job summary

IHDA is seeking a Multifamily Financing Originations Analyst in Chicago, IL, to support the analytical engine of the Business Development and Originations team. The Financial Analyst will work on first mortgage and bond financing, build and maintain financial models, and coordinate with Finance, Legal, Underwriting, and Asset Management to improve processes.

The role requires a Bachelor’s degree in finance or related field and 3+ years in affordable housing finance or a similar analytical role,

Qualifications

• Bachelor's degree in finance, real estate, economics, business, or a related discipline, and 3 or more years of relevant experience in affordable housing finance, real estate lending or underwriting, or a comparable analytical role.
• Strong real estate financial modeling skills, including proforma and discounted cash flow analysis and the ability to build and maintain deal sizing models. Advanced Microsoft Excel.
• Working knowledge of LIHTC and affordable housing finance structures, with the aptitude to develop expertise in HUD Risk-Sharing, tax-exempt bond, and subordinate-debt mechanics.

Responsibilities

• Support the growth of the Authority's first mortgage lending and bond issuance programs.
• Maintain the Business Development and Originations pipeline, tracking deals from initial concept through initial closing.
• Build and run deal sizing and proforma models, including bond series sizing, Risk-Sharing permanent sizing, and DSCR, LTV, vacancy, and expense trending against the Underwriting Standards Guide and 24 CFR Part 266.
• Prepare letters of interest and term sheets, and support the structuring and negotiation of loan terms for each transaction.

Skills

Financial modeling

Excel

LIHTC knowledge

HUD Risk-Sharing

First mortgage financing

Education

Bachelor's degree in finance or related field

Job description

IHDA is seeking a Multifamily Financing Originations Analyst in Chicago, IL, to support the analytical engine of the Business Development and Originations team. The Financial Analyst will work on first mortgage and bond financing, build and maintain financial models, and coordinate with Finance, Legal, Underwriting, and Asset Management to improve processes.

The role requires a Bachelor’s degree in finance or related field and 3+ years in affordable housing finance or a similar analytical role,