Lending Analyst

Urban Redevelopment Authority of Pittsburgh•Pittsburgh, PA

5d•Hybrid

About The Position

The Lending Analyst will work to advance the development of single family and/or multifamily housing projects, with a strong focus on affordable housing in the City of Pittsburgh. The Lending Analyst will be responsible for discussing clients’ needs, recommending the best loan products, helping clients submit a complete loan application, underwriting the loan request, executing the loan closing, and disbursing funds. This position requires excellent communication, analytical and problem-solving skills. The candidate should be familiar with single family and/or multifamily programs available to developers by the URA, local banks, non-profit organizations, the U.S Department of Housing and Urban Development (HUD), Pennsylvania Housing Finance Agency (PHFA), and other federal, state and local sources. The individual should also have a passion for public service and a desire to improve communities.

Requirements

Bachelor’s Degree in Business Administration, Public Administration, Planning, Finance, Business Administration, or a related field preferred
One (1) year of related lending experience preferred
The demonstrated ability to establish and maintain excellent working relationships with co-workers, individuals, agencies, private and public lending institutions, and community organizations is required.
Excellent verbal and written skills are required.
Mature judgment with an ability to support and explain reasoning for decisions is required.
Ability to think creatively and problem solve while staying within guidelines is required.
Customer service skills are required.
Knowledge of Microsoft Word, Excel, and PowerPoint is required.

Nice To Haves

Knowledge of housing development and financing.
Experience with real estate transactions and evaluations.
Knowledge of regulatory issues in both underwriting/finance and real estate.
Knowledge of NetSuite, Portfol, or similar systems is preferred

Responsibilities

Manage assigned single family and multifamily developments
Maintain an active knowledge base of all the URA’s financing products and an understanding of the qualifications required
Review and analyze applications for financing regarding the eligibility and the financial feasibility (including proformas, revenues, operating expenses, and financing) of the development, and the capability of the development team
Schedule, coordinate and analyze examinations made by the URA’s technical staff of the project site, plans, and specifications and construction costs to support an acceptance or rejection of proposals
Assist development clients with the understanding of and compliance with public requirements and approvals
Assist development clients in securing financing, including Low Income Housing Tax Credits and other affordable housing funding sources
Coordinate project team meetings with development team, URA technical staff and other parties as necessary to further development progress
Assist development clients with preparation of and compliance with Minority and Women’s Business Enterprise (M/WBE) plans as required
Assemble and present completed financing proposals, including visual materials, to the URA’s Real Estate Loan Review, Housing Opportunity Fund (HOF) Advisory Board, and to the URA Board of Directors.
Review closing documents for accuracy, completeness and conformity to URA and department policies, guidelines and regulations; coordinate and conduct loan closings
Coordinate with developer, bond counsel, underwriter, and financial advisor for the scheduling, marketing and closing of multifamily bond issues
Maintain and organize project files in accordance with established procedures
Input project information into NetSuite and Portfol systems as required
Maintain and manage development budgets and process stage payments for construction and soft costs
Reconcile all project sales proceeds.
Review and evaluate all items related to project construction and correspond with URA Architecture & Engineering and Inspections Departments from initial review of plans, specifications, and costs through final build-out and sale of project, including all change orders.
Produce and analyze housing development budgets and proformas.
Work with various federal, state, and local agencies and lenders to coordinate project financing
Represent the URA at banking, finance, development and other conferences, seminars, etc., as required by department needs or interests
Represent the URA at public outreach events in various communities and neighborhoods in the City of Pittsburgh.
Participate with other URA staff, the Department of City Planning and/or other stakeholders in the preparation of Request(s) for Qualifications (RFQ), Request(s) for Proposals (RFP) for development sites, financing and/or professional services and the review and analysis of submitted responses
Assist with Consumer Lending program management and client relations as the need arises.
Manage development grants for projects as assigned.
Perform other duties as assigned.