Lending Analyst

About the role

The Lending Analyst will work to advance the development of single family and/or multifamily housing projects, with a strong focus on affordable housing in the City of Pittsburgh.

Responsibilities

• Manage assigned single family and multifamily developments
• Maintain an active knowledge base of all the URA’s financing products and an understanding of the qualifications required
• Review and analyze applications for financing regarding the eligibility and the financial feasibility (including proformas, revenues, operating expenses, and financing) of the development, and the capability of the development team
• Schedule, coordinate and analyze examinations made by the URA’s technical staff of the project site, plans, and specifications and construction costs to support an acceptance or rejection of proposals
• Aid development clients with the understanding of and compliance with public requirements and approvals
• Aid development clients in securing financing, including Low Income Housing Tax Credits and other affordable housing funding sources
• Cookordinate project team meetings with development team, URA technical staff and other parties as necessary to further development progress
• Assist development clients with preparation of and compliance with Minority and Women’s Business Enterprise (M/WBE) plans as required
• Assemble and present completed financing proposals, including visual materials, to the URA’s Real Estate Loan Review, Housing Opportunity Fund (HOF) Advisory Board, and to the URA Board of Directors
• Review closing documents for accuracy, completeness and conformity to URA and department policies, guidelines and regulations; coordinate and conduct loan closings
• Cookordinate with developer, bond counsel, underwriter, and financial advisor for the scheduling, marketing and closing of multifamily bond issues
• Maintain and organize project files in accordance with established procedures
• Input project information into NetSuite and Portfol systems as required
• Maintain and manage development budgets and process stage payments for construction and soft costs; Reconcile all project sales proceeds
• Produce and analyze housing development budgets and proformas
• Work with various federal, state, and local agencies and lenders to coordinate project financing
• Represent the URA at banking, finance, development and other conferences, seminars, etc., as required by department needs or interests
• Represent the URA at public outreach events in various communities and neighborhoods in the City of Pittsburgh
• Participate with other URA staff, the Department of City Planning and/or other stakeholders in the preparation of Request(s) for Qualifications (RFQ), Request(s) for Proposals (RFP) for development sites, financing and/or professional services and the review and analysis of submitted responses
• Assist with Consumer Lending program management and client relations as the need arises
• Manage development grants for projects as assigned
• Perform other duties as assigned

Qualifications

• Bachelor’s Degree in Business Administration, Public Administration, Planning, Finance, Business Administration, or a related field preferred
• One (1) year of related lending experience preferred
• The demonstrated ability to establish and maintain excellent working relationships with co-workers, individuals, agencies, private and public lending institutions, and community organizations is required
• Excellent verbal and written skills are required
• Mature judgment with an ability to support and explain reasoning for decisions is required
• Ability to think creatively and problem solve while staying within guidelines is required
• Customer service skills are required
• Knowledge of Microsoft Word, Excel, and PowerPoint is required
• Preferred Qualifications: Knowledge of housing development and financing. Experience with real estate transactions and evaluations. Knowledge of regulatory issues in both underwriting/finance and real estate. Knowledge of NetSuite, Portfol, or similar systems is preferred