CDA Lending AND RISK Analyst SENIOR II; Underwriter

Introduction

This is a Skilled Service position with full State of Maryland benefits

This is a Skilled Service position with full State of Maryland benefits

The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities. This is an opportunity to join this nationally recognized, award-winning organization and apply your skills to this high public purpose and challenging area. Annually, DHCD finances approximately 4,000 units of multifamily rental housing in 40 properties, amounting to $500 million in construction and permanent financing.

Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low-income housing tax credits, federal HOME funds, and other federal funds. Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.

DHCD offers a flexible work schedule, full state of Maryland benefits, hybrid telework and job sharing options; training, advancement and career path opportunities; and a competitive salary. There is ample and our offices are located in walking distance to the New Carrollton MARC Train Station.

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This position offers a salary range of $93,138 - $120,491/year, with potential for advancement up to $146,883 based on qualifications, equity, and hiring guidelines. Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $120,491/year.

7800 Harkins Road Lanham, MD 20706

The Maryland Department of Housing and Community Development is located in Prince George's County across from the New Carrollton Metro stop.

The main purpose of this position is to underwrite and close tax-exempt bond, 4% low-income housing tax credits (LIHTC), 9% LIHTC, and State-provided subordinate loans for affordable multifamily housing transactions by originating loans for the investments.

The position structures financing transactions using taxable and tax-exempt bonds, low-income housing tax credits, FHA insured loans, RAD, HAP, and other sources of housing capital and operating subsidy by performing development and feasibility analysis to evaluate pro forma, income and expense assumptions, market demand, zoning and land use, construction risks, capital budgets, and regulatory compliance. The position coordinates closing due diligence and provides guidance and training to interns and less experienced underwriters as needed.

• Education:
  
  Graduation from an accredited high school or possession of a high school equivalency certificate.
• Experience:
  
  Four years of professional financial/risk analysis experience, such as managing government programs, risk analysts, debt portfolios, examining and/or analyzing financial statements, budget, grant or real estate investment portfolio records and reports, or four years of experience in Construction Management (as applicable), and four years of professional financial analysis experience, such as managing financial asset and debt portfolios, or four years of residential construction discipline or multifamily construction management.

• Candidates may substitute the possession of a Bachelor’s degree from an accredited college or university in Finance, Business Administration, Architecture, Economics, Accounting, Construction Management or a related field and four years of professional financial/risk analysis experience, such as managing government programs, risk analysts, debt portfolios, examining and/or analyzing financial statements, budget, grant or real estate investment portfolio records and reports, or four years of experience in Construction Management (as applicable) for the required experience.
• Candidates may substitute the possession of a Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination…