Multifamily Associate

Multifamily Associate

ABOUT THE CONNECTICUT HOUSING FINANCE AUTHORITY:

Connecticut Housing Finance Authority ("CHFA") is a self-funded, quasi-public organization. Its mission is to alleviate the shortage of housing for low- and moderate-income families and persons in the state of Connecticut ("State") and, when appropriate, to promote or maintain the economic development of the State through employer-assisted housing efforts. CHFA is a mission-driven leader in creating affordable housing opportunities for families and individuals in Connecticut. We believe in the power of the diverse and inclusive communities we serve. We provide a challenging, progressive, and supportive environment that encourages and promotes employee development. We offer competitive salaries; tuition reimbursement; 457 deferred compensation, state-sponsored pension plan, comprehensive health, dental, life, and disability plan, paid vacation, sick, and holidays, hybrid work schedule, ongoing training, career development, and, if qualified, employee may be eligible for student loan forgiveness under Federal Loan assistance program.

ABOUT THE POSITION:
The Multifamily Associate participates in a structured on the job training to gain a comprehensive understanding of the affordable housing real estate market, including underwriting processes/practices and implementation of programmatic and statutory requirements under the guidance of a manager, or other senior staff. This training program is designed to build the foundational knowledge and technical skills necessary to prepare candidates for potential roles such as Multifamily Underwriter 1, Multifamily Asset Manager 1, and Business Development Officer 1.

SUPERVISION RECEIVED:

Receives direction from the Deputy Managing Director of Multifamily, or a position of a higher grade.

SUPERVISION EXERCISED:

None.

POSITION SUMMARY:

• Training will lead to the following duties:

  • Responsible for database information entry, analysis and reporting, processing financial applications and reports, and reviewing loan documents.
  • To review and process multifamily housing development loan application documentation, and to participate in construction and/or permanent loan applications, board approvals, closings and requisitions.
  • Work collaboratively to monitor and support the financing of affordable housing by CHFA, the development of loan programs, and the implementation of program and statutory requirements. Participate in all aspects of the financing life cycle, ensuring that the transaction meets all requirements appropriately and adequately.

MINIMUM QUALIFICATIONS REQUIRED:

Bachelor's degree in finance, business, accounting or related field preferred. Experience in lieu of education will be considered.

OTHER REQUIREMENTS:

Requires strong analytical skills and knowledge of insurance, financial analysis, and principles of real estate. Requires solid organizational and interpersonal skills, and the ability to deal with different levels of management, both internal and external, and a willingness to adapt and learn new skills. Requires excellent verbal and written communication skills, accuracy, as well as strong computer skills, including Microsoft Word™, Excel™, and PowerPoint™.

ALL OTHER DUTIES AS ASSIGNED:

This is not an exclusive list of all job functions, and the employee is expected to complete all duties as assigned. Duties and responsibilities may be added, deleted, or changed at any time at the discretion of management, formally or informally. This job description in no way constitutes an employment contract or agreement.

CHFA EOE