Financial Analyst

New York City Housing Development Corporation•New York, NY

45d•$70,000 - $80,000•Onsite

About The Position

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City. Position Summary: The Financial Analyst reports to the Managing Director-Credit Risk and will be an active participant in monitoring and analyzing HDC’s credit risk exposures, policies, and procedures. The Financial Analyst will be responsible for performing analysis related to HDC’s credit risk exposures both in the mortgage loan portfolio as well as the short-term investment portfolio. Additionally, the Financial Analyst will assist with special projects as directed by Risk Management staff.

Requirements

Bachelor’s degree from an accredited college or university in finance, real estate, or related disciplines; 1 – 2 years of analytical experience (particularly in the affordable housing industry) would be a plus.
Proficiency and working knowledge of computer programs for financial analysis and database management, including Microsoft Office (Excel, Word, and PowerPoint). Knowledge of Oracle BI would be a plus.
Working knowledge of nationally recognized statistical ratings organizations (NRSRO) (– Moody’s and S&P).
Excellent oral and written communication skills.
Exceptional organizational skills and attention to detail.
Excellent data analysis and financial modeling skills.
Ability to work independently or in coordination with other team members.
Ability to multitask and prioritize multiple projects.

Nice To Haves

1 – 2 years of analytical experience (particularly in the affordable housing industry) would be a plus.
Knowledge of Oracle BI would be a plus.

Responsibilities

Participate in the development and monitoring of credit risk management policies and procedures.
Analyze the various types of lending proposals in accordance with HDC’s credit policies.
Research and report on program participant credit quality in accordance with HDC’s credit policies.
Develop and maintain financial models for assessing credit quality and asset management.
Assist with coordination of the Corporation’s Credit Committee, including review and dissemination of credit memos and maintenance of the Committee’s minutes.
Monitor and update credit rating agency actions (primarily Moody’s and S&P).
Assist in the subsidy layering review process for projects utilizing the FHA Risk Share Program.
Perform the annual maintenance and operating (M&O) expense review for underwriting affordable housing development, including the research of each line item’s history and the projection of future increases.
Perform periodic financial reviews of HDC’s bank exposures.
Keep current on financial, accounting, and tax changes related to real estate and affordable housing development that may impact HDC’s credit policies.
Perform such other duties as assigned by the Chief Risk Officer or Managing Director-Credit Risk.