Cda Lending And Risk Analyst Senior I (084251)

State of Maryland•Prince George's, MD

7d•Hybrid

About The Position

This is a Skilled Service position with full State of Maryland benefits. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities. This is an opportunity to join this nationally recognized, award-winning organization and apply your skills to this high public purpose and challenging area. Annually, DHCD finances approximately 2,700 units of multifamily rental housing in 40 properties, amounting to $350 million in construction and permanent financing. Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low-income housing tax credits, federal HOME funds, and other federal funds. Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing. DHCD offers a flexible work schedule, full state of Maryland benefits, hybrid telework and job sharing options; training, advancement and career path opportunities; and a competitive salary. There is ample parking and our offices are located in walking distance to the New Carrollton MARC Train Station.

Requirements

Graduation from an accredited high school or possession of a high school equivalency certificate.
Four years of professional financial/risk analysis experience concerning government lending or assistance programs, or four years of experience in Construction Management pertaining to single family and/or multifamily housing government programs (as applicable) and four years of professional financial, lending and risk or construction analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, or grant or real estate investment portfolio records and reports, or managing government housing projects.
Possession of a Bachelor’s degree from an accredited college or university in Finance, Business Administration, Economics, Accounting, Construction Management or a related field and four years of professional financial/risk analysis experience concerning government lending or assistance programs, or four years of experience in Construction Management pertaining to single family and or multifamily housing government programs (as applicable).
Possession of a Master’s degree from an accredited college or university in Finance, Business Administration, Economics, Accounting or a related field and two years of professional financial/risk analysis experience concerning government lending or assistance programs, or two years of experience in Construction Management pertaining to single family and or multifamily housing government programs (as applicable).
U.S. Armed Forces military service experience as a commissioned officer in the Accounting or Loan Officer Classifications, or Financial Management specialty codes in the accounting field of work in business and industry classification, or business and industry specialty codes in the housing management field of work on a year-for-year basis for the required experience.
Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland.
Document eligibility to work in the U.S. upon hire.
Legally authorized to work in the United States under the Immigration and Reform Control Act of 1986.

Nice To Haves

Experience conducting UPCS (Uniform Physical Condition Standards) or NSPIRE (National Standards for the Physical Inspection of Real Estate) inspections.
Experience completing tenant income and asset calculations.
Experience reviewing tax credit files to determine compliance with Section 42 requirements.

Responsibilities

Meet all of the LIHTC compliance responsibilities derived from Section 42, to include the execution of Site Visits (as defined in Section 42) as part of the Low Income Housing Tax Credit (“LIHTC”) compliance team for DHCD.
Perform all Site Visit functions (i.e. both file reviews and UPCS physical inspections) across the State both as a team lead and independently.
Navigate responses from property management to Site Visit reports to determine whether “substantial non-compliance” will result in 8823’s and prepare 8823’s where indicated.