Description
Position Summary:
Loan Operations Analyst reports to the Managing Director, Debt Issuance/Finance & Cash Management and is responsible for coordinating and executing mortgage loan closings for the creation or preservation of affordable housing in New York City; has responsibilities related to the management and servicing of the mortgage portfolio through the Benedict Group Incorporated (BGI) LOANS! For .NET system, the loan servicing software procured to manage HDC’s mortgage loan portfolio.
Area of Talent: Cash Management/ Affordable Housing
Position Type: Full Time/ Exempt
Salary Range: $60,000- $70,000
Office Location: NYC/ Financial District
Job Responsibilities:
- Works with the Development, Asset Management, Legal, and Capital Market Departments on new loan setup/modifications for closings/conversions/refinancings
- Review and understand real estate legal documents including Construction Notes, Construction Loan Agreements, and Servicing Agreements to ensure system info is accurate
- Assists in resolving issues with HDC Legal and Development Teams
- Performs billing and advance reconciliation with construction servicing banks.
- Helps create and implement HDC operations policies & procedures
- Troubleshoots and resolves system and/or processing issues
- Maintains and revises the account mapping structure for the daily and monthly interfaces with the Cash Management system and the Accounting General Ledger
- Reconciles discrepancies between cash transactions and accounting journal entries
- Creates ad hoc reports and assists IT developers to design standardized management reports
- Trains staff to use the loan servicing system
Required Qualifications:
It is strongly preferred that you submit a cover letter with your resume. You may also fax your resume and cover letter to (212)227-6816
- Bachelor’s degree with substantial course work/credits specific to finance, and/or real estate
- Minimum of 1-3 years of relevant experience in finance, real estate, and/or mortgage operations
- Thorough understanding of mortgage loans, terms, and amortization
- Knowledge and understanding of real estate documents including Construction Notes, Construction Loan Agreements, Disbursement Agreements, and Construction Mortgages
- High level of competency in mathematics, data analysis, and financial modeling
- Proficiency with Microsoft Office suite specifically advanced Excel skills
- Strong organizational, problem solving, oral and written communication skills
- Attention to detail and commitment to quality
Submitted resumes must be accompanied by a cover letter. Please email your cover letter and resume to [email protected] or fax to (212)227-6816. All HDC hires must be vaccinated against the COVID-19 virus, unless they have been granted a reasonable accommodation for religion or disability.
If you are offered employment, this requirement must be met by your date of hire, unless a reasonable accommodation for exemption is received and approved by HDC.
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:
- Health Benefits at a reasonable cost
- Dental and Vision Benefits at no cost
- Retirement savings plan with a generous match and a pension plan
- Paid holiday, vacation, sick time and parental leave
- Professional development opportunities
- Public Service Loan Forgiveness for eligible employees
- Wellness reimbursement
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing [email protected].