Lending Analyst II

Pennsylvania-Housing-Finance-Agency; Harrisburg (Dauphin County); On-site; USD 70,000 - 90,000; Full time

Job summary

Pennsylvania Housing Finance Agency in Harrisburg is seeking a Multifamily Project Underwriting & Financial Analyst to coordinate reviews of LIHTC and Agency loans, ensure compliance with QAP and funding rules, and support underwriting of complex affordable housing transactions.

You will act as the primary contact for developments, coordinate with internal divisions, prepare closing documents, board materials, and monitor project financing structures to align with agency policies.

Qualifications

• Bachelor’s degree required; business, public administration, finance or real estate preferred.
• 3–5 years in affordable multifamily housing or related underwriting/development.
• Experience with LIHTC underwriting or development is preferred.

Responsibilities

• Coordinate review of multifamily applications and LIHTC eligibility.
• Apply underwriting techniques to complex affordable housing transactions.
• Review environmental reports, appraisals, market studies and financing commitments.
• Serve as primary contact for developments; liaise between developers and agency divisions.
• Prepare closing-related documents and board materials; monitor project financing structures.

Skills

Underwriting

Financial analysis

LIHTC knowledge

Stakeholder coordination

Project management

Communication

Regulatory compliance

Education

Bachelor's degree in Business Administration / Finance / Public Administration / Real Estate

Tools

Microsoft Excel

HUD systems

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 DescriptionMultifamily Project Underwriting & Financial AnalysisCoordinate the review of assigned multifamily applications.Determine eligibility for Low-Income Housing Tax Credits (LIHTC) and Agency loans.Apply prudent underwriting techniques to complex affordable housing transactions.Conduct comprehensive reviews of applications, environmental reports, appraisals, market studies, financing commitments, and project updates.Assess financial feasibility and compliance with the Agency's QAP, Development Cost Limits, and Application Instructions.Project Management & Stakeholder CoordinationServe as the primary point of contact for assigned developments.Act as liaison between developers and internal Agency divisions.Facilitate communication among Housing Management, Technical Services, Financing, Legal, and other stakeholders.Coordinate project review activities and ensure adherence to submission requirements and timelines.Reprioritize projects based on Agency staffing, financing resources, and bond issuance schedules.Participate in weekly project closing calls following Board approval.3. Closing & Transaction ExecutionFacilitate financial closings for multifamily developments.Finalize pre-commitment packages, modification requests, and Board write-ups.Prepare closing-related documents, including:Subsidy Layering ReviewsOther required closing documentsCompliance, Regulatory Review & Risk ManagementEnsure projects meet Agency policies, underwriting standards, and program requirements.Verify compliance with federal, state, and local affordable housing funding programs.Monitor project financing structures for consistency with Agency policies.Maintain expertise in HUD, Housing Authority, municipal, county, and redevelopment authority programs.Identify and address application deficiencies throughout the underwriting process.Documentation, Reporting & Records ManagementPrepare comprehensive developer correspondence and underwriting review memoranda.Document deficiencies and required resolutions throughout the review process.Maintain complete project files in both electronic and hard-copy formats.Ensure timely and accurate data entry into Agency systems.Produce Board materials and project status documentation.Industry Relations & External RepresentationRepresent the Agency at industry conferences, meetings, groundbreakings, ribbon cuttings, and housing events.Build and maintain relationships with developers, financing partners, and industry stakeholders.Serve as an Agency representative during project development and closing activities.Strategic Planning, Research & Program ImprovementMonitor affordable housing industry trends and policy developments.Provide recommendations regarding program enhancements and emerging market trends.Conduct qualitative and quantitative research to improve Agency programs, guidelines, and operational efficiencies.Support continuous improvement initiatives within the department.Professional Development & Organizational ParticipationParticipate in Agency-sponsored training and professional development opportunities.Maintain current knowledge of affordable housing finance, underwriting, and regulatory requirements.Perform additional duties as assigned.Maintain required in-office presence and collaborate effectively with Agency staff.Bachelor’s degree with a preferred degree in business administration, public administration, finance, computer technology, or real estate. or an equivalent amount of relevant experience. Three to five years work experience in the affordable multifamily housing field.Previous work experience with Low Income Housing Tax Credit underwriting or development.QualificationsBachelor of Science - Business Administration/Management, Relevant professional experience (2-5 years)ExperienceRelevant professional experience (2-5 years)EEO StatementAs 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 StatementPHFA 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.