Financial Analyst
Description
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.
Area of Talent: Credit Risk/Affordable Housing
Position Type: Full Time/Exempt
Salary Range: $70,000 to $80,000 annually
Location: NYC/Financial District
Position Summary:
The Financial Analyst reports to the Managing Director-Credit Risk and will be an active participant in monitoring and analyzing HDC’s credit risk exposures, policies, and procedures. The Financial Analyst will be responsible for performing analysis related to HDC’s credit risk exposures both in the mortgage loan portfolio as well as the short-term investment portfolio. Additionally, the Financial Analyst will assist with special projects as directed by Risk Management staff.
Responsibilities:
- Participate in the development and monitoring of credit risk management policies and procedures.
- Analyze the various types of lending proposals in accordance with HDC’s credit policies.
- Research and report on program participant credit quality in accordance with HDC’s credit policies.
- Develop and maintain financial models for assessing credit quality and asset management.
- Assist with coordination of the Corporation’s Credit Committee, including review and dissemination of credit memos and maintenance of the Committee’s minutes.
- Monitor and update credit rating agency actions (primarily Moody’s and S&P).
- Assist in the subsidy layering review process for projects utilizing the FHA Risk Share Program.
- Perform the annual maintenance and operating (M&O) expense review for underwriting affordable housing development, including the research of each line item’s history and the projection of future increases.
- Perform periodic financial reviews of HDC’s bank exposures.
- Keep current on financial, accounting, and tax changes related to real estate and affordable housing development that may impact HDC’s credit policies.
- Perform such other duties as assigned by the Chief Risk Officer or Managing Director-Credit Risk.
Required Qualifications:
- Bachelor’s degree from an accredited college or university in finance, real estate, or related disciplines; 1 – 2 years of analytical experience (particularly in the affordable housing industry) would be a plus.
- Proficiency and working knowledge of computer programs for financial analysis and database management, including Microsoft Office (Excel, Word, and PowerPoint). Knowledge of Oracle BI would be a plus.
- Working knowledge of nationally recognized statistical ratings organizations (NRSRO) (– Moody’s and S&P).
- Excellent oral and written communication skills.
- Exceptional organizational skills and attention to detail.
- Excellent data analysis and financial modeling skills.
- Ability to work independently or in coordination with other team members.
- Ability to multitask and prioritize multiple projects.
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.
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
- Back-up Caregiver Benefit
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].