Portfolio Analyst
Description
Position Summary:
The Portfolio Analysis team is tasked with monitoring the performance of housing developments within HDC’s portfolio, analyzing financial and physical conditions, and providing solutions for underperforming properties, and is engaged in actively monitoring the performance of housing developments within the HDC Asset Management portfolio. This role reports to the Assistant Vice President of Portfolio Analysis.
Area of Talent: Asset Management/Affordable Housing
Position Type: Full Time/Exempt
Salary Range: $68,000 to $74,000 annually
Location: NYC/Financial District
Responsibilities:
- Establish and maintain relationships with project owners, managing agents and various governmental agencies.
- Review and analyze financial statements and physical inspection reports for each property.
- Work closely with HDC Engineers on physical inspections that require timely follow up.
- Monitor and take appropriate and swift action on financial issues such as mortgage delinquencies.
- Work closely with Senior Portfolio Analysis staff to assess the performance of the HDC portfolio and to help design workout strategies for delinquent properties.
- Review requests for withdrawals from project reserve accounts maintained by HDC
- Coordinate requests for the approval of limited partner and general partner exits, and other changes to ownership structures, and requests to approve managing agents
- Enforce project-specific regulatory obligations identified through thorough review of legal documents and agreements
- Perform other duties and work on special projects as assigned
Required Qualifications:
- Bachelor’s degree in finance, real estate, or accounting; business administration with substantial course work/credits specific to finance, real estate, and/or accounting also acceptable.
- A minimum of 2 years of relevant experience in real estate lending, and/or development; or a satisfactory combination of education and/or experience equivalent to the above
- Strong financial analysis skills and proficiency in using mortgage loan models
- Demonstrated interest in the affordable housing industry.
- Microsoft Excel experience performing Intermediate level functions including spreadsheet creation and database management.
- Strong interpersonal, verbal, and written communication skills, and the ability to build relationships with staff, executives and external partners.
- Strong organizational skills with excellent attention to detail.
Preferred Qualifications:
- Knowledge of Federal, New York State, and New York City affordable housing programs and the development process is a plus
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].