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. 

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, g ender 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

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