Financial Analyst - Affordable Housing Development

Primary Duties and Responsibilities

• Support the execution of the multi-family affordable development platform by leading efforts related to underwriting, financing, and closing projects
• Collaborate with a cross-functional Project Team (Finance, Development, and Construction) to successfully execute on multiple development projects at a time
• Facilitate the collection, organization, review, and analysis of financial due diligence materials
• Prepare, update, and maintain detailed project-level and portfolio-level financial models using Excel macros and various data analysis techniques
• Prepare financial analyses and supporting materials for presentations to senior leadership, Investment Committee, external development partners, and other stakeholders
• Provide regular status reports on projects to senior leadership
• Monitor and drive project schedules to ensure financial milestones are achieved as scheduled
• Track pre-development costs and cash needs for assigned projects
• Lead efforts to raise debt and equity by preparing investment packages, soliciting proposals from potential lenders and investors, responding to questions, and negotiating terms
• Identify potential sources of soft funding and be able to update financial models with the unique associated financing terms
• Work closely with the Development Team to prepare applications for tax credits, tax-exempt bonds, and other sources of funds
• Assist in monitoring project budgets, ensure development sources and uses remain balanced, and provide insights into cost management and financial performance
• Prepare closing draws and facilitate project financial closing and funding requests; review closing statements for accuracy

Regulatory Compliance

• Ensure continuous adherence to local, state, and federal regulations (including state QAPs) related to affordable housing financing and reporting
• Review project partnership and financial documents and ensure funding terms and conditions are consistently maintained

Stakeholder Engagement

• Effectively and timely communicate with bank representatives, lenders, investors, housing agencies, market analysts, appraisers, auditors, clients, and other external deal participants
• Establish, cultivate, and maintain strategic relationships with potential and existing partners, brokers, institutional and equity partners, owners, lenders, and other key stakeholders in various markets
• Lead meetings with external clients, financial partners, as well as government agencies and pertinent officials as may be needed
• Collaborate with financial analysts, developers, project managers, and other stakeholders to provide financial insights and support

Team Leadership

• Foster a collaborative environment that encourages continuous improvement and innovation
• Identify and implement process improvements to enhance the efficiency and effectiveness of the Finance and Underwriting functions
• Stay updated on industry trends and best practices in affordable housing finance
• Ensure individual and departmental goals and objectives are achieved