Financial Analyst - Mortgage Finance

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Job Code: PD 23-53
Posted On:
Closing On:
Monday, 5th February 2024
Sunday, 5th May 2024
Department: Mortgage Finance
Location: Main Office
Kensington, Md
10400 Detrick Avenue
Education: 4 Year Degree
Pay Rate: Grade 24; Salary $66,036-$109,612 | Salary determined by departmental budget- Offer commensurate with experience

Job Description:


This position is responsible for financial analysis, financial modeling, underwriting and portfolio management support functions within a major multifamily affordable housing mortgage and bond portfolio.    The position supports the multifamily underwriting function by preparing financial analyses, monitoring work flow and administration of the financial aspects related to underwriting and financing of multifamily affordable housing real estate transactions as well as the processing and monitoring the use of bond proceeds after transaction closing.


Loan Management:

  • Working with Mortgage Finance and Asset Management divisions, assisting with the
  • HFA Risk­Share, Federal Financing Bank, and other program monitoring.
  • Responsibility for review of loan documents and financial information for bond financed.
  • Work closely with Legal, IT, Asset Management and Mortgage Finance staff to develop a
  • lending and loan management database in support of the mortgage finance activities.
  • Inspect subject and comparable properties and their neighborhood and market      

Underwriting Analysis: 

  • Examine, analyze and interpret financial and construction data, which includes financial statements, construction contracts, construction budgets, change orders, feasibility studies, appraisals, environmental studies and other related third party reports.
  • Collecting, entering and validating construction and permanent loan data from various.
  • Keep updated on policies and regulations that may affect HOC programs and be comfortable with transition and change.
  • Familiar with market trends related to affordable housing properties in Montgomery County that may include several revenue streams such as retail, commercial and residential leases.
  • Must be able to conduct informal market assessment to aid with the underwriting process.
  • Resolving discrepancies and ensuring mortgage loan data integrity while processing loans through HOC’s various systems.
  • Must be able to generate multi­year pro forma(s) and calculate financial ratios.
  • Analyze historical property financial statements.
  • Administer collection of documents during underwriting process.
  • Administer bonds draws and construction process for all bond proceeds.
  • Prepare Handoff documents to respective HOC divisions for management of the loan
  • and financing programs.

Preferred Skills:

  • Requires a Bachelor's degree in Finance, Real Estate or Urban Planning or a related field. 
  • Three years’ experience in real estate underwriting and real estate development, preferably with affordable housing.
  • Knowledge of real estate terminology and concepts preferred; basic knowledge of LIHTC a plus.
  • Must be proficient in Word, Excel, and PowerPoint (must be able to manipulate data).
  • Excellent analytical skills and interpersonal skills and the ability to deal with people tactfully and effectively.
  • Must have the ability to work independently and exercise good judgment. 
  • Ability to communicate clearly both orally and in writing.