Lending Analyst I

phfa; Harrisburg (Dauphin County); Hybrid; USD 55,000 - 65,000; Full time

Job summary

PHFA is seeking an entry-level professional to determine the eligibility of rental housing developments for loan and tax credit financing and to coordinate the agency's multifamily development review process in a timely, complete, and accurate manner.

You will liaise between PHFA's multifamily divisions and rental housing developers, ensuring compliance with submission requirements and deadlines from application to project completion. A hybrid work schedule is required, with travel as needed.

Qualifications

• Bachelor of Science - Accounting, Finance or Real Estate required.
• Relevant professional experience (1-3 years) preferred.
• Hybrid Work Schedule - Minimum of three days in office required.

Responsibilities

• Determine the eligibility of rental housing developments for loan and tax credit financing using sound land use, environmental issues, market criteria, and prudent underwriting techniques.
• Coordinate all phases of the Agency's multifamily development review process in a timely, complete, and accurate manner including inputting, editing, and reviewing multi-tabbed underwriting spreadsheets in Excel.
• Serve as liaison between PHFA's multifamily divisions and rental housing developers and ensure follow-up to confirm compliance with agency submission requirements and deadlines from application to project completion.
• Become well versed in Section 42 of the Internal Revenue Code and related federal housing programs and monitor changes to regulations used by the Treasury Department, HUD, and Rural Development.
• Originate correspondence, maintain records, prepare reports, and perform data entry and related activities.
• Interpret PHFA rules and regulations related to tax credit, federal, state, and local funding programs.
• Maintain the ongoing maintenance of both computer and hard copy files for proposals receiving funding.
• Perform developmental assignments with limited supervision and focus on self-development.
• Maintain a physical presence at the office on scheduled workdays to collaborate with PHFA staff.
• Travel periodically and a hybrid work schedule is required.

Education

Bachelor of Science - Accounting

Bachelor of Science - Finance

Bachelor of Science - Real Estate

Job description

It's fun to work in a company where people truly BELIEVE in what they're doing!

We're committed to bringing passion and customer focus to the business.

Job Description

Determine the eligibility of rental housing developments for loan and tax credit financing using sound land use, environmental issues, market criteria, and prudent loan underwriting techniques.

Coordinate all phases of the Agency's multifamily development review process in a timely , complete, and accurate manner including inputting, editing, and reviewing multi-tabbed underwriting spreadsheets in Excel.

Ensure effective coordination and collaboration as the liaison between PHFA's multifamily divisions and rental housing developers being responsible for all necessary follow up with developers throughout the development process to assure compliance with Agency submission requirements and deadlines from application to project completion.

Become well versed in Section 42 of the Internal Revenue Code of 1986, as amended and federal housing programs (including those administered by HUD and Rural Development) and keep apprised of all changes to regulations that are used by the Treasury Department, HUD, and Rural Development.

Originate correspondence relating to assigned developments and as required , maintain necessary records, prepare reports, and perform related activities (including data entry) in a timely , complete, and accurate manner, which may include Carryover Allocation Agreements, Subsidy Layering Reviews, Indenture of Restrictive Covenants, and related documents.

Interpret PHFA rules and regulations related to tax credit, federal, state, and local funding programs.

Responsible for the ongoing maintenance of both the computer and hard copy files for proposals which receive funding.

Entry-level professional with limited or no prior experience to contribute on a project or program. Role learns to use professional concepts to resolve problems of limited scope and complexity under close supervision while achieving day-to-day objectives. Works on developmental assignments that are initially routine in nature, requiring limited judgment and decision making. This level is typically focused on self-development. Requires theoretical knowledge through specific education and training

Perform any and all duties as assigned. Maintaining a physical presence at the office on scheduled workdays is required in order to collaborate more fully with Agency staff.

Preferred knowledge of the federal Low Income Housing Tax Credit Program and/or federal housing programs is desirable

Ability to travel periodically

Hybrid Work Schedule - Minimum of three days in office required

Qualifications

• Bachelor of Science - Accounting
• Bachelor of Science - Finance
• Bachelor of Science - Real Estate
• Relevant professional experience (1-3 years)

Experience

• Relevant professional experience (1-3 years)

EEO Statement

As an employer, PHFA is committed to having a workforce that is diverse and reflects the residents that it serves.

We strive to maintain a workplace where all employees and applicants for employment receive equal opportunities in all aspects of employment.

There are numerous policies in place at PHFA to help us honor this commitment.

The Pennsylvania Housing Finance Agency is an equal opportunity employer.

All qualified applicants will receive consideration for employment without regard to age, disability, family status, gender, national origin, political affiliation, race or religion.

Diversity Statement

PHFA values, honors and commits to the equitable treatment and elimination of discrimination in all forms.

We are committed to the diversity of all staff, and in all programs and services offered.