Lending Analyst

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. The Lending Analyst will be responsible for discussing clients' needs, recommending the best loan products, helping clients submit a complete loan application, underwriting the loan request, executing the loan closing, and disbursing funds. This position requires excellent communication, analytical and problem-solving skills. The candidate should be familiar with single family and/or multifamily programs available to developers by the URA, local banks, non-profit organizations, the U.S Department of Housing and Urban Development (HUD), Pennsylvania Housing Finance Agency (PHFA), and other federal, state and local sources. The individual should also have a passion for public service and a desire to improve communities. <b> Job title: Lending Analyst <b> Department: </b> Residential &amp; Consumer Lending <b> Divisional Unit: </b> Housing Department <b> Starting Salary: </b>$55,000-$60,000 <b> Reports to: </b> Manager of Residential Lending <b> Essential Functions and Responsibilities: </b><ul><li> Manage assigned single family and multifamily developments </li><li> Maintain an active knowledge base of all the URA's financing products and an understanding of the qualifications required </li><li> 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 </li><li> 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 </li><li> Assist development clients with the understanding of and compliance with public requirements and approvals </li><li> Assist development clients in securing financing, including Low Income Housing Tax Credits and other affordable housing funding sources </li><li> Coordinate project team meetings with development team, URA technical staff and other parties as necessary to further development progress </li><li> Assist development clients with preparation of and compliance with Minority and Women's Business Enterprise (M/WBE) plans as required </li><li> 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. </li><li> Review closing documents for accuracy, completeness and conformity to URA and department policies, guidelines and regulations; coordinate and conduct loan closings </li><li> Coordinate with developer, bond counsel, underwriter, and financial advisor for the scheduling, marketing and closing of multifamily bond issues </li><li> Maintain and organize project files in accordance with established procedures </li><li> Input project information into NetSuite and Portfol systems as required </li><li> Maintain and manage development budgets and process stage payments for construction and soft costs; Reconcile all project sales proceeds. </li><li> Review and evaluate all items related to project construction and correspond with URA Architecture &amp; Engineering and Inspections Departments from initial review of plans, specifications, and costs through final build-out and sale of project, including all change orders. </li><li> Produce and analyze housing development budgets and proformas. </li><li> Work with various federal, state, and local agencies and lenders to coordinate project financing </li><li> Represent the URA at banking, finance, development and other conferences, seminars, etc., as required by department needs or interests </li><li> Represent the URA at public outreach events in various communities and neighborhoods in the City of Pittsburgh. </li><li> 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 </li><li> Assist with Consumer Lending program management and client relations as the need arises. </li><li> Manage development grants for projects as assigned. </li><li> Perform other duties as assigned. </li></ul><b> Position Requirements and Qualifications: </b><ul><li> Bachelor's Degree in Business Administration, Public Administration, Planning, Finance, Business Administration, or a related field preferred </li><li> One (1) year of related lending experience preferred </li><li> 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. </li><li> Excellent verbal and written skills are required. </li><li> Mature judgment with an ability to support and explain reasoning for decisions is required. </li><li> Ability to think creatively and problem solve while staying within guidelines is required. </li><li> Customer service skills are required. </li><li> Knowledge of Microsoft Word, Excel, and PowerPoint is required. </li></ul><b> Preferred Qualifications: </b><ul><li> Knowledge of housing development and financing. </li><li> Experience with real estate transactions and evaluations. </li><li> Knowledge of regulatory issues in both underwriting/finance and real estate. </li><li> Knowledge of NetSuite, Portfol, or similar systems is preferred </li></ul><b> Physical Requirements: </b><ul><li> Ability to safely and successfully perform the essential job functions consistent with the ADA, including travel to County and City offices </li><li> Must be able to lift and carry up to 20 lbs., standing, sitting, reaching and stretching. </li><li> Must be able to talk, listen and speak clearly on telephone. </li></ul><b> Disclaimers: </b> The URA is an equal opportunity affirmative action employer. All qualified applicants will receive consideration without regard to race, religion, color, gender, age, national origin, ancestry, disability, sexual orientation, g ender identity/expression, political, and/or union affiliation. <b> AN APPLICANT MUST BE A CITY OF PITTSBURGH RESIDENT OR BECOME ONE AS A CONDITION OF EMPLOYMENT AT THE URA. </b><b> PM22 </b><br /><br /><p><b> Compensation details: </b> 0 Yearly Salary </p><p> PIbd710ba5-</p></b>