Harmony Housing Affordable Development · 14 hours ago
Financial Analyst - Affordable Housing Development
Triangle Area
Full-time
Onsite
Entry, Mid Level
2+ years expHarmony Housing Affordable Development Inc. is among the largest real estate developers of affordable rental housing in the United States. They are seeking a detail-oriented and experienced Financial Analyst to manage the financial aspects of affordable housing projects and ensure compliance with regulatory requirements.
Government Administration
Responsibilities
Support the execution of the multi-family affordable development platform by leading efforts related to underwriting, financing, and closing projects
Collaborate with a cross functional Project Team (Finance, Development, and Construction) to successfully execute on multiple development projects at a time
Facilitate the collection, organization, review, and analysis of financial due diligence materials
Prepare, update, and maintain detailed project-level and portfolio-level financial models using Excel macros and various data analysis techniques
Prepare financial analyses and supporting materials for presentations to senior leadership, Investment Committee, external development partners, and other stakeholders
Provide regular status reports on projects to senior leadership
Monitor and drive project schedules to ensure financial milestones are achieved as scheduled
Track pre-development costs and cash needs for assigned projects
Lead efforts to raise debt and equity by preparing investment packages, soliciting proposals from potential lenders and investors, responding to questions, and negotiating terms
Identify potential sources of soft funding and be able to update financial models with the unique associated financing terms
Work closely with the Development Team to prepare applications for tax credits, tax-exempt bonds, and other sources of funds
Assist in monitoring project budgets, ensure development sources and uses remain balanced, and provide insights into cost management and financial performance
Participate in project meetings and contribute to financial decision-making processes
Prepare closing draws and facilitate project financial closing and funding requests; review closing statements for accuracy
Ensure continuous adherence to local, state, and federal regulations (including state QAPs) related to affordable housing financing and reporting
Review project partnership and financial documents and ensure funding terms and conditions are consistently maintained
Effectively and timely communicate with bank representatives, lenders, investors, housing agencies, market analysts, appraisers, auditors, clients, and other external deal participants
Establish, cultivate, and maintain strategic relationships with potential and existing partners, brokers, institutional and equity partners, owners, lenders, and other key stakeholders in various markets
Lead meetings with external clients, financial partners, as well as government agencies and pertinent officials as may be needed
Collaborate with financial analysts, developers, project managers, and other stakeholders to provide financial insights and support
Foster a collaborative environment that encourages continuous improvement and innovation
Identify and implement process improvements to enhance the efficiency and effectiveness of the Finance and Underwriting functions
Stay updated on industry trends and best practices in affordable housing finance
Ensure individual and departmental goals and objectives are achieved
Qualification
Required
Bachelor's degree in accounting, business, finance, real estate, mathematics, or a related field; Master's degree a plus
Minimum of two (2) years of progressive professional experience with a successful track record in real estate development, real estate finance, or low-income housing tax credit syndication, with an in-depth understanding of real estate fundamentals and transaction structuring
Exceptional financial modeling skills with the ability to create, update, maintain, understand, and audit complex financial models using Microsoft Excel (advanced levels)
Experience reviewing real estate financial information (operating statements, rent rolls, audits, loan documents, etc.); ability to process information including gathering, assessing, coding, organizing, auditing, and verifying data
Experience in advanced multi-family real estate underwriting with LIHTC and tax-exempt bond financing, FHA mortgage insurance programs, as well as Agency debt products (Fannie/Freddie), and familiarity with other affordable housing funding programs and compliance regulations
Demonstrated excellent analytical, problem-solving, and decision-making skills
Ability to recognize and mitigate investment risks
High-energy, accurate, organized, highly detailed, and results-oriented professional with demonstrable ability to successfully manage multiple projects and successfully work under pressure of strict deadlines
Excellent written and oral communication skills with an ability to clearly and concisely express ideas, thoughts, and concepts in writing and verbally
Strong financial and analytical skills, as well as advanced computer skills (Microsoft Office Suite, Adobe, SharePoint, and SmartSheets and other similar programs)
Ability to handle daily responsibilities and projects with minimal direction, while also working in close collaboration with a team to provide solutions where needed
Ability to maintain a “big picture” focus while attending to very detailed work and providing thorough documentation
Resourceful, flexible, and maintain the ability to react and respond quickly towards positive outcomes
Strong personal standards and values consistent with HHAD's core values (entrepreneurial, integrity, caring, and excellence)
Company
Harmony Housing Affordable Development
Harmony Housing Affordable Development constructs and preserves thousands of rental units for low-wealth residents.
11-50 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase