Financial Analyst

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.

About the role

The Capital Markets Department is responsible for developing financing strategies and structuring and executing debt issuances for HDC. In 2025, HDC was the #1 issuer of affordable housing municipal bonds and the #22 issuer of municipal bonds across all industries with $3.14 billion of bonds sold across 9 issuances. Capital Markets works closely with HDC’s Development, Legal, Asset Management, Cash Management, Accounting and Loan Servicing teams, as well as external partners, including investment banks (bond underwriters), bond counsels and rating agencies, to structure tax-exempt and taxable multifamily affordable housing municipal bond financings. Capital Markets utilizes a variety of financing structures, including fixed-rate debt, variable-rate debt, and interest rate swaps and caps to optimize borrowing costs across HDC’s financing programs. Through these efforts, the department supports HDC’s mission of financing and preserving affordable housing throughout New York City.

Job Responsibilities

• Structure bond offerings and execute bond pricings and closings, including preparing investor roadshows, rating agency presentations, and other investor marketing materials
• Review and update bond and mortgage portfolio information, including summaries by bond interest rate mode, interest rate hedge details, mortgage loan lien priority and credit enhancement, and counterparty exposure
• Create and maintain portfolio models to support bond issuance, identify and evaluate financing opportunities and alternatives, and conduct debt capacity and feasibility analyses
• Perform cash flow analyses to evaluate debt financing alternatives
• Create and maintain portfolio databases for ongoing monitoring and reporting requirements
• Leverage HDC software engineering team to develop customized management reports and bond and mortgage loan tracking information
• Identify key requirements (systems, reports, processes, and interfaces) to sustain existing data structures and to update and maintain database information

Required Qualifications

• Bachelor’s degree from an accredited college in finance, economics, real estate, business administration, mathematics, and/or data management
• Minimum of 1-4 years of relevant experience in bond finance, real estate finance, affordable housing and/or mortgage operations; or a satisfactory combination of education and/or experience that is equivalent to the above
• Understanding of financial concepts and mortgages
• Superior organizational, analytic, and problem-solving skills, attention to detail, and ability to multi-task
• Strong communication skills with the ability to articulate complex ideas to both technical and non-technical teams
• Strong proficiency in data management and use of financial software applications
• Proficiency with Microsoft Office suite specifically intermediate to advanced Excel skills