Affordable Housing Analyst

Central Bank of Kansas City•Kansas City, MO

About The Position

The Affordable Housing Analyst is responsible for the ongoing analysis and underwriting of affordable housing developments that utilize state and federal programs, including the Low-Income Housing Tax Credit (LIHTC) program. The role involves managing external relationships with housing developers, tax credit syndicators, and other stakeholders in the affordable housing industry, as well as maintaining loan files and portfolio oversight internally. The analyst will work with the CBIO to develop, manage, and oversee aspects of the Bank’s affordable housing line of business with accountability, transparency, and continuity. This includes living the culture, championing possibility, and seeking continued success within Affordable Housing, representing the brand in daily interactions, and serving as a primary point of contact for clients. The role also involves overseeing the portfolio of ongoing and stabilized affordable housing developments, monitoring loan portfolio compliance, and participating in training sessions to stay informed about industry trends.

Requirements

Bachelor’s degree (B.A.) or equivalent in business, finance, real estate, or related field.
3+ years of related experience specifically in the bank credit or lending profession.
Core competencies of Low-Income Housing Tax Credit (“LIHTC”) program.
Proven experience dealing with rules, guidance, and regulations of banking-related regulatory agencies.
General working knowledge of excel modeling, commercial real estate underwriting, and review of bank loan policies.
Strength in ability to analyze and interpret complex financial statements, models, and legal documents.
Ability to effectively communicate with people at all levels and from various backgrounds.
Understands the organization's value proposition and can articulate fundamentals of business and how the units tie together.
Basic working knowledge of Community Development Financial Institutions and how they impact the Affordable Housing industry.
Able to champion new ideas, manage change, and execute on action plans.
Excellent interpersonal, quantitative, analytical, and problem-solving skills.
Creative, flexible, and innovative team player.
Excellent written and verbal communication skills.
Commitment to high standards of excellence and personal accountability.

Nice To Haves

Preferred experience and familiarity with Construction lending, and Affordable Housing Industry norms.

Responsibilities

Analyze and underwrite affordable housing developments utilizing state and federal programs, including LIHTC.
Manage external relationships with housing developers, tax credit syndicators, and other vested parties.
Maintain loan files and provide portfolio oversight.
Develop, manage, and oversee the Bank’s affordable housing line of business.
Serve as a primary point of contact for current and prospective clients.
Oversee the portfolio of ongoing Affordable Housing developments consistent with sound lending practices.
Strategize with the CBIO to identify opportunities for additional lending and ways to multiply impact in the Affordable Housing industry.
Identify areas where the Bank can offer additional value to clients.
Implement and review the portfolio of stabilized housing developments.
Monitor the Affordable Housing loan portfolio for compliance with loan documents and technical exceptions.
Participate in training sessions and meetings to stay informed about products, services, and industry trends.
Develop project plans, coordinate projects, communicate changes and progress, and manage project team activities.
Assess own strengths and weaknesses, pursue training and development, and share expertise.
Focus on solving conflict, maintain confidentiality, listen without interrupting, keep emotions under control, and remain open to new ideas.
Balance team and individual responsibilities, exhibit objectivity, give and welcome feedback, contribute to a positive team spirit, put team success above own interests, build morale, and support everyone's efforts to succeed.