Lending Analyst

Urban Redevelopment Authority of Pittsburgh

Pittsburgh, PA

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JOB DETAILS

SALARY

$55,000–$60,000 Per Year

SKILLS

Affordable Housing, Analysis Skills, Banking Services, Budget Management, Budgeting, Business Administration, Change Requests/Orders, Communication Skills, Conferences, Construction, Construction Support, Consumer Loans, Customer Relations, Customer Support/Service, Finance, Finance Software, Financial Analysis, Financial Planning, Funding, Grant Administration/Management, Knowledge Base, Lift/Move 20 Pounds, Loan Closing, Loan Review, Loan Submission, Loan Underwriting, Loans, Low-Income Housing Tax Credit (LIHTC), Marketing, Microsoft Excel, Microsoft PowerPoint, Microsoft Word, Mortgage Lending, NetSuite, Nonprofit, Operational Expenditure (OPEX), Physical Demands, Plan Meetings, Presentation/Verbal Skills, Problem Solving Skills, Procedure Development, Professional Services, Project Development, Project/Program Coordination, Project/Program Management, Public Administration, Real Estate, Regulations, Regulatory Compliance, Request for Proposals (RFP), Sales, Seminars, Underwriting, Urban Planning, Willing to Travel, Writing Skills

LOCATION

Pittsburgh, PA

POSTED

1 day ago

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.

Job title: Lending Analyst

Department: Residential & Consumer Lending

Divisional Unit: Housing Department

Starting Salary: $55,000-$60,000

Reports to: Manager of Residential Lending

Essential Functions and Responsibilities:

Manage assigned single family and multifamily developments
Maintain an active knowledge base of all the URA’s financing products and an understanding of the qualifications required
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
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
Assist development clients with the understanding of and compliance with public requirements and approvals
Assist development clients in securing financing, including Low Income Housing Tax Credits and other affordable housing funding sources
Coordinate project team meetings with development team, URA technical staff and other parties as necessary to further development progress
Assist development clients with preparation of and compliance with Minority and Women’s Business Enterprise (M/WBE) plans as required
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.
Review closing documents for accuracy, completeness and conformity to URA and department policies, guidelines and regulations; coordinate and conduct loan closings
Coordinate with developer, bond counsel, underwriter, and financial advisor for the scheduling, marketing and closing of multifamily bond issues
Maintain and organize project files in accordance with established procedures
Input project information into NetSuite and Portfol systems as required
Maintain and manage development budgets and process stage payments for construction and soft costs; Reconcile all project sales proceeds.
Review and evaluate all items related to project construction and correspond with URA Architecture & Engineering and Inspections Departments from initial review of plans, specifications, and costs through final build-out and sale of project, including all change orders.
Produce and analyze housing development budgets and proformas.
Work with various federal, state, and local agencies and lenders to coordinate project financing
Represent the URA at banking, finance, development and other conferences, seminars, etc., as required by department needs or interests
Represent the URA at public outreach events in various communities and neighborhoods in the City of Pittsburgh.
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
Assist with Consumer Lending program management and client relations as the need arises.
Manage development grants for projects as assigned.
Perform other duties as assigned.

Position Requirements and Qualifications:

Bachelor’s Degree in Business Administration, Public Administration, Planning, Finance, Business Administration, or a related field preferred
One (1) year of related lending experience preferred
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.
Excellent verbal and written skills are required.
Mature judgment with an ability to support and explain reasoning for decisions is required.
Ability to think creatively and problem solve while staying within guidelines is required.
Customer service skills are required.
Knowledge of Microsoft Word, Excel, and PowerPoint is required.

Preferred Qualifications:

Knowledge of housing development and financing.
Experience with real estate transactions and evaluations.
Knowledge of regulatory issues in both underwriting/finance and real estate.
Knowledge of NetSuite, Portfol, or similar systems is preferred

Physical Requirements:

Ability to safely and successfully perform the essential job functions consistent with the ADA, including travel to County and City offices
Must be able to lift and carry up to 20 lbs., standing, sitting, reaching and stretching.
Must be able to talk, listen and speak clearly on telephone.

Disclaimers:

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, gender identity/expression, political, and/or union affiliation.

AN APPLICANT MUST BE A CITY OF PITTSBURGH RESIDENT OR BECOME ONE AS A CONDITION OF EMPLOYMENT AT THE URA.

PM22

Compensation details: 55000-60000 Yearly Salary

PI7c7282e9e0e0-25401-41026707

About the Company

Urban Redevelopment Authority of Pittsburgh

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