Lending Analyst I

Pennsylvania Housing Finance Agency • Harrisburg, PA

1d • Hybrid

About The Position

This is an entry-level professional role with limited or no prior experience, designed for individuals to contribute to projects or programs. The role involves learning to apply professional concepts to resolve problems of limited scope and complexity under close supervision, while achieving day-to-day objectives. The focus is on self-development through developmental assignments that are initially routine and require limited judgment and decision-making. This position requires theoretical knowledge gained through specific education and training. The Lending Analyst I will determine the eligibility of rental housing developments for loan and tax credit financing by evaluating land use, environmental issues, market criteria, and employing prudent loan underwriting techniques. The role also involves coordinating all phases of the Agency’s multifamily development review process, ensuring timeliness, completeness, and accuracy. This includes inputting, editing, and reviewing multi-tabbed underwriting spreadsheets in Excel. The analyst will serve as a liaison between PHFA’s multifamily divisions and rental housing developers, ensuring effective coordination and collaboration. This includes following up with developers to ensure compliance with Agency submission requirements and deadlines from application to project completion. A key aspect of the role is becoming knowledgeable in Section 42 of the Internal Revenue Code of 1986, as amended, and federal housing programs (including those administered by HUD and Rural Development), and staying updated on regulatory changes affecting the Treasury Department, HUD, and Rural Development. The analyst will originate correspondence related to assigned developments, maintain necessary records, prepare reports, and perform related activities such as data entry. This may involve preparing documents like Carryover Allocation Agreements, Subsidy Layering Reviews, and Indenture of Restrictive Covenants. The role requires interpreting PHFA rules and regulations for tax credit, federal, state, and local funding programs, and maintaining both computer and hard copy files for funded proposals. Maintaining a physical presence at the office on scheduled workdays is required for enhanced collaboration with Agency staff. The position may require periodic travel.

Requirements

• Bachelor of Science - Accounting, Bachelor of Science - Finance, Bachelor of Science - Real Estate
• Relevant professional experience (1-3 years)

Nice To Haves

• Preferred knowledge of the federal Low Income Housing Tax Credit Program and/or federal housing programs is desirable
• Ability to travel periodically

Responsibilities

• Determine the eligibility of rental housing developments for loan and tax credit financing using sound land use, environmental issues, market criteria, and prudent loan underwriting techniques.
• Coordinate all phases of the Agency’s multifamily development review process in a timely, complete, and accurate manner including inputting, editing, and reviewing multi-tabbed underwriting spreadsheets in Excel.
• Ensure effective coordination and collaboration as the liaison between PHFA’s multifamily divisions and rental housing developers being responsible for all necessary follow up with developers throughout the development process to assure compliance with Agency submission requirements and deadlines from application to project completion.
• Become well versed in Section 42 of the Internal Revenue Code of 1986, as amended and federal housing programs (including those administered by HUD and Rural Development) and keep apprised of all changes to regulations that are used by the Treasury Department, HUD, and Rural Development.
• Originate correspondence relating to assigned developments and as required, maintain necessary records, prepare reports, and perform related activities (including data entry) in a timely, complete, and accurate manner, which may include Carryover Allocation Agreements, Subsidy Layering Reviews, Indenture of Restrictive Covenants, and related documents.
• Interpret PHFA rules and regulations related to tax credit, federal, state, and local funding programs.
• Responsible for the ongoing maintenance of both the computer and hard copy files for proposals which receive funding.
• Perform any and all duties as assigned.
• Maintaining a physical presence at the office on scheduled workdays is required in order to collaborate more fully with Agency staff.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level