Financial Analyst

Harmony Housing Affordable Development Inc. (HHAD) is one of the largest developers of affordable rental housing in the United States. HHAD’s mission is to positively impact communities by creating and preserving quality affordable housing for low‑wealth households. This position is located in our Raleigh, North Carolina office and reports to the Director of Finance.

The Financial Analyst will manage the financial aspects of HHAD’s affordable housing projects, ensuring compliance with regulatory requirements and providing accurate financial reporting to stakeholders. The role involves underwriting, financing, and closing transactions for the company’s multi‑family affordable development platform (new construction, rehabilitation, mixed-use, and Rural Development). The analyst will conduct financial analyses of development opportunities and interface regularly with external development partners, lenders, syndicators, equity investors, and government agencies.

• Support execution of the multi‑family affordable development platform by leading underwriting, financing, and closing activities.
• Collaborate with cross‑functional project teams (Finance, Development, Construction) to execute multiple projects simultaneously.
• Facilitate collection, organization, review, and analysis of financial due diligence materials.
• Prepare, update, and maintain detailed project‑level and portfolio‑level financial models using Excel and data‑analysis techniques.
• Prepare financial analyses and supporting materials for presentations to senior leadership, Investment Committee, external partners, and other stakeholders.
• Provide regular status reports on projects to senior leadership.
• Monitor and drive project schedules to ensure financial milestones are achieved on time.
• Track pre‑development costs and cash needs for assigned projects.
• Lead efforts to raise debt and equity by preparing investment packages, soliciting proposals, responding to questions, and negotiating terms.
• Identify potential sources of soft funding and update financial models with associated financing terms.
• Work closely with the Development Team to prepare applications for tax credits, tax‑exempt bonds, and other funding sources.
• Assist in monitoring project budgets, ensuring development sources and uses remain balanced and providing insights into cost management and financial performance.
• Participate in project meetings and contribute to financial decision‑making processes.
• Prepare closing draws and facilitate project financial closing and funding requests; review closing statements for accuracy.
• Ensure continuous adherence to local, state, and federal regulations related to affordable housing financing and reporting, including state QAPs.
• Review project partnership and financial documents to maintain funding terms and conditions consistently.
• Communicate effectively and timely with bank representatives, lenders, investors, housing agencies, market analysts, appraisers, auditors, clients, and other external deal participants.
• Establish, cultivate, and maintain strategic relationships with partners, brokers, institutional and equity partners, owners, lenders, and other key stakeholders.
• Lead meetings with external clients, financial partners, and government agencies as needed.
• Collaborate with other analysts, developers, and project managers to provide financial insights and support.
• 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.

• Bachelor’s degree in accounting, business, finance, real estate, mathematics, or a related field (Master’s degree a plus).
• Minimum of two years of progressive experience in real estate development, real estate finance, or low‑income housing tax credit syndication.
• In‑depth understanding of real estate fundamentals and transaction structuring.
• Ex…