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Housing Financial Analyst

Published on August 12, 2019
Organization: Delaware State Housing Authority

 

Delaware State Housing Authority

ENTRY LEVEL SALARY: $45,202– FULL-TIME
OFFICE LOCATION: Carvel State Building, Wilmington, Delaware
OPENING DATE: 8/12/2019
CLOSING DATE: 8/26/2019

The non-State position is responsible for assisting in the research and development for existing and new state mortgage lending programs. Work includes developing, recommending and implementing new and revised policies, procedures and guidelines for the programs. Duties also include research and development of economic simulation models as well as research and analysis of legislative and fiscal factors to determine the impact to DSHA and mortgage lending, housing counseling and financial coaching programs. In addition, the incumbent is responsible for the development and application of complex computerized financial reports to forecast economic trends that impact programs. Principal contacts are Council on Housing, bond trustees, investment bankers, mortgage lenders, mortgage insurance companies, builders, contractors, realtors, lawyers, federal, state and local government housing agencies, non-profit agencies, and the public.

MINIMUM QUALIFICATIONS
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

Bachelors’ degree in business, management, finance, mortgage, public policy, or housing-related field or commensurate experience of 3-years:

  1. Experience in financial administration such as comprehensive analysis of programs, budgets, projects, services, alternatives, and costs; financial planning, revenue generation, revenue forecasting, expenditure forecasting, cash flow management and establishing internal control.
  2. Experience with bonds, capital markets, debt and equity instruments.
  3. Experience interpreting housing laws, rules and regulations.
  4. Skilled in narrative and technical report writing.
  5. Proficiency in computer use, use of Microsoft Office Suite, with an emphasis in Excel.

PRINCIPLE ACCOUNTABILITIES
Essential functions are fundamental, core and are not intended to be an exhaustive list of all job duties. Since specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

  • Analyzes, develops, recommends and implements new or revised programs, policies, procedures, and financing structures to meet financing/housing needs and ensure compliance with state and federal requirements.
  • Provides accurate, in depth research and analysis of proposed and newly enacted State and Federal legislation and regulations to determine the impact on current programs/policies, procedures, operations, and the need or opportunity to establish new programs, policies and procedures.
  • Coordinates, compiles, and write official bond statements and general/series bond resolutions for bond sales. Performs and/or analyzes financial structures of single family and multi-family bond issues, and other financial sources.
  • Researches, develops and prepares complex statistical and financial reports pertaining to statewide, regional and national economic factors relative to the mortgage lending industry. Develops computer and econometric simulation models to evaluate fiscal policies and to determine impact on programs due to variations of economic factors.
  • Communicates with Council on Housing, bond counsel, trustees, investment bankers, mortgage lenders, mortgage insurance companies, builders, contractors, realtors, lawyers, federal, state and local government housing agencies and elected officials, non-profit agencies, community leaders and the public to resolve problems, explain laws, rules, regulations, policies and procedures, explain/promote programs, request program funding, negotiate underwriting criteria, develop financial bond structuring, and ensure program compliance.
  • Prepares contracts with project sponsors outlining the conditions of funding and ramifications of noncompliance
  • Monitors compliance

BENEFITS
These include up to 15 vacation days and 15 sick day leave accrual, up to 13 paid holidays a year, liberal retirement benefits, immediate access to paid health, short and long term disability, and life insurance plans and voluntary dental, vision, and various supplemental benefit options.

APPLICATION PROCEDURES: Applications must be completed by the closing date of August 26, 2019 on our website www.destatehousing.com (Click on About Us, Employment, Click Here to View All Current Openings, Select job, Scroll Down & Click “Apply Now”.) Contact: email: hr@destatehousing.com

DSHA IS AN AFFIRMATIVE ACTION AND EQUAL OPPORTUNITY EMPLOYER.

Accommodations are available for applicants with disabilities in all phases of the application and employment process. Please call DSHA at 302.739.4263 or 888.363.8808 with any questions or requests. TTY/ ASCII/ VOICE/ VCO users may utilize the Telecommunications Relay Service (TRS) at 800.676.3777.

DIRECT DEPOSIT OF PAY IS A CONDITION OF EMPLOYMENT. FAILURE TO AGREE TO PARTICIPATE IN DIRECT DEPOSIT WILL RESULT IN THE WITHDRAWAL OF OFFER OF EMPLOYMENT. DSHA HAS A LAG PAY SYSTEM.

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