Multifamily Associate

Connecticut Housing Finance Authority•Rocky Hill, CT

1d•Hybrid

About The Position

The Multifamily Associate participates in a structured on the job training to gain a comprehensive understanding of the affordable housing real estate market, including underwriting processes/practices and implementation of programmatic and statutory requirements under the guidance of a manager, or other senior staff. This training program is designed to build the foundational knowledge and technical skills necessary to prepare candidates for potential roles such as Multifamily Underwriter 1, Multifamily Asset Manager 1, and Business Development Officer 1.

Requirements

Bachelor's degree in finance, business, accounting or related field preferred.
Requires strong analytical skills and knowledge of insurance, financial analysis, and principles of real estate.
Requires solid organizational and interpersonal skills, and the ability to deal with different levels of management, both internal and external, and a willingness to adapt and learn new skills.
Requires excellent verbal and written communication skills, accuracy, as well as strong computer skills, including Microsoft Word™, Excel™, and PowerPoint™.

Nice To Haves

Experience in lieu of education will be considered.

Responsibilities

Responsible for database information entry, analysis and reporting, processing financial applications and reports, and reviewing loan documents.
To review and process multifamily housing development loan application documentation, and to participate in construction and/or permanent loan applications, board approvals, closings and requisitions.
Work collaboratively to monitor and support the financing of affordable housing by CHFA, the development of loan programs, and the implementation of program and statutory requirements.
Participate in all aspects of the financing life cycle, ensuring that the transaction meets all requirements appropriately and adequately.