Program Analyst

New York State Housing Finance Agency•New York, NY

36d•$0 - $80,000•Hybrid

About The Position

This position is with the State of New York Mortgage Agency (SONYMA), an agency within New York State Homes and Community Renewal (HCR). SONYMA provides mortgage financing to assist low- to moderate-income, first-time homebuyers. The Program Analyst will support the Single-Family Programs unit by conducting quantitative and qualitative analysis, assisting with program development, and overseeing operational implementation. This role is crucial for supporting program leadership in evaluating single-family loan portfolio performance and bond transactions, as well as administering the Project Set-Aside (PSA) Program to foster affordable housing development.

Requirements

Bachelor’s Degree in Public Administration, Finance, Economics, or other related field.
Ability to multitask and prioritize assignments.
Superior quantitative research and verbal/written communication skills.
Ability to communicate complex data insights in a clear and concise manner.
Detail-oriented with a commitment to data integrity and accuracy.
Demonstrated research and numerical problem-solving skills.
Fluency in MS Office, particularly Microsoft Excel, including pivot tables, VLookups, and advanced formulas.

Nice To Haves

Financial industry experience preferred, but not required.

Responsibilities

Support the department's compilation and submission of accurate single-family loan portfolio, delinquency, pool insurance, and servicing data for SONYMA's official bond offering statements.
Support the preparation of detailed quantitative projections of SONYMA mortgage purchases and commitment volumes for cash flow consultants, underwriters, and rating agencies.
Prepare key operational materials for Agency interest rate meetings and coordinate the distribution of daily interest rate bulletins to Participating Lenders.
Serve as a key data-driven liaison for cash flow consultants, GSEs, rating agencies, bond counsels, and interagency contacts.
Support bond-related activities, including monitoring available resources for mortgage acquisition, preparing projections of mortgage purchases, and analyzing loan portfolios for potential CRA eligibility.
Provide program data to cash flow consultants, rating agencies, and other external entities as needed.
Review and evaluate project set-aside applications, cooperative/condominium offering plans, architectural designs, and developer financial documentation.
Approve affordable housing proposals in coordination with the Mortgage Insurance Fund (MIF).
Act as the primary liaison between developers, participating lenders, and Agency operations staff to facilitate an efficient loan approval and mortgage purchase process.
Establish and maintain a comprehensive database of approved projects and active developers.
Track and monitor the delinquency and credit performance of mortgages originated within PSA communities.
Assist with special projects and other reasonably designated or assigned functions.

Benefits

Extensive benefits package including paid leave.
Excellent health, dental, vision, and retirement benefits with the New York State & Local Employees’ Retirement System.
Promotional opportunity for dedicated professionals.
37.5-hour work week.
Paid time off benefits including vacation, sick, personal days, and Federal Holidays.
Opportunity for compressed scheduling.
12 weeks of Paid Parental Leave.
Paid Family Leave.
Opportunity for compressed/flextime scheduling.
Eligibility for the Federal Public Service Loan Forgiveness Program (PSLF).
Cash in for Wellness program (option to buy or renew a health club membership or enroll in a weight loss and/or smoking cessation program using sick leave accruals).
Tuition reimbursement program for job-related and non-job-related courses.
Vacation Leave Buy-Back program.
Access to Plum Benefits (savings on movie tickets, theme parks, hotels, tours, Broadway shows, and more).
Optical reimbursement program for optical, hearing aid, and podiatric expenses not otherwise covered by insurance.
Unused yearly balances for optical reimbursement may be carried over.