Junior Development Analyst (2638)

HOUSING AUTHORITY OF THE CITY OF NEWARK•Newark, NJ

1d•$80,000 - $80,000

About The Position

Under the direction of the Chief Development Officer, the Junior Development Analyst supports the Authority’s real estate development and preservation activities by providing analytical and logistical support across the lifecycle of public housing, RAD, PBV, and mixed-finance projects. The position is designed to develop core competencies in project coordination, development finance, subsidy layering, and public-sector compliance, while supporting senior staff with data analysis, reporting, and interdepartmental coordination. This role is well suited for candidates seeking to build on foundational skills applicable to affordable housing development, public finance, asset management, or real estate analytics. Essential Duties and Responsibilities The below statements are intended to describe the general nature and scope of work being performed by this position. This is not a complete listing of all responsibilities, duties and/or skills required. Other duties may be assigned.

Requirements

Strong analytical and quantitative skills, with the ability to interpret financial data and budgets.
Proficiency in Microsoft Excel; familiarity with financial modeling concepts is strongly preferred.
Ability to organize complex information and manage multiple priorities in a deadline-driven environment.
Strong written and verbal communication skills, including the ability to prepare clear summaries for non-technical audiences.
Attention to detail and accuracy, particularly with financial and regulatory information.
Ability to work collaboratively across departments and with external partners.
Interest in affordable housing, public-sector development, or community redevelopment.
Commitment: Sets high standards of performance; pursues aggressive goals and works hard/smart to achieve them; strives for results and success; conveys a sense of urgency and brings issues to closure; and persists despite obstacles and opposition.
Customer Service: Meets/exceeds the expectations and requirements of internal and external customers; identifies, understands, monitors and measures the needs of both internal and external customers; talks and acts with customers in mind; and recognizes working colleagues as customers.
Effective Communication: Ensures important information is passed to those who need to know; conveys necessary information clearly and effectively orally or in writing; demonstrates attention to, and conveys understanding of, the comments and questions of others; and listens effectively.
Responsiveness and Accountability: Demonstrates a high level of conscientiousness; holds oneself personally responsible for one's own work; and does fair share of work.
Bachelor’s degree in Finance, Economics, Urban Planning, Public Administration, Real Estate, Accounting, or a related field.
One (1) year or less of relevant professional experience, or relevant internships, coursework, or project-based experience.
Strong computer literacy and proficiency in Microsoft Office, particularly Excel and Word, required.
Will need to learn other computer software programs as required by assigned position.

Nice To Haves

Coursework or experience related to affordable housing, real estate development, public finance, or government programs.
Familiarity with HUD programs (Public Housing, RAD, PBV, LIHTC), New Jersey and local housing finance programs.
Experience working in or with a public agency, nonprofit, or regulated environment.
Active real estate license in New Jersey (Broker, Broker-Salesperson or Sales-Person licenses)

Responsibilities

Assist with tracking development milestones across multiple projects, including procurement schedules, design phases, financing closings, construction start/completion, and conversion milestones (e.g., RAD or PBV execution).
Maintain project schedules, checklists, and status reports to support internal coordination among Development, Finance, Legal, Procurement, Asset Management, and Property Management departments.
Support the preparation of materials for internal committees, Board of Commissioners, and external stakeholders.
Coordinate with consultants (developers, architects, financial advisors, attorneys) to collect and organize deliverables and submissions.
Assist in the preparation, review, and tracking of development budgets, sources and uses statements, and project cost summaries.
Support analysis of operating pro formas, development financing assumptions, and long-term sustainability models.
Track funding sources, including HUD subsidies (Capital Fund, Operating Fund, RAD, PBV), LIHTC equity, state and local subsidies.
Monitor budget variances and flag potential cost overruns or funding gaps for senior staff review.
Assist with financial modeling related to Housing Assistance Payments (HAP), operating subsidies, and reserve requirements.
Maintain organized records of funding commitments, grant agreements, and financing terms.
Support analysis of federal, state, and local housing subsidies, including eligibility requirements, compliance obligations, and reporting timelines.
Maintain development and financial tracking tools (spreadsheets, databases, dashboards) to monitor project performance.
Prepare recurring reports and ad hoc analyses for management review.
Support responses to internal and external information requests, including auditors, HUD, and state and local oversight entities.
Assist with ensuring development activities align with HUD regulations, New Jersey procurement requirements, and Authority policies.
Support documentation related to procurement actions, RFQs/RFPs, and contract compliance.
Perform other related duties as assigned in support of the Development Department.