Lending Analyst I

Pennsylvania Housing Finance Agency • Harrisburg, PA

4d • Hybrid

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Job Description Entry-level professional with limited or no prior experience to contribute on a project or program. Role learns to use professional concepts to resolve problems of limited scope and complexity under close supervision while achieving day-to-day objectives. Works on developmental assignments that are initially routine in nature, requiring limited judgment and decision making. This level is typically focused on self-development. Requires theoretical knowledge through specific education and training 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.

Requirements

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

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