Definition
Performs complex financial analysis, underwriting, and budget reviews; coordinates the allocation of federal tax credits and loan funds; conducts related program planning, evaluation, and reporting; performs related work as required.
The work examples and competencies listed below are for illustrative purposes only and not intended to be the primary basis for position classification decisions.
Work Examples
Conducts detailed underwriting analysis for proposed projects and preservation land transactions, utilizing appraisals, market studies, and financial statements to determine rents, expenses, rehabilitation needs, and loan recommendations.
Evaluates 15-year cash flow projections and historical financial data to determine the economic viability of loan and tax credit applications.
Underwrites and scores tax credit applications to determine eligibility and allowable allocation amounts; prepares deficiency reports and processes documentation through reservation, carryover, and final issuance (Form 8609).
Manages the issuance of debt, investment of bond proceeds and Authority assets, and conducts financial analysis of programs and performance.
Conducts planning, budget, and financial studies to recommend alternative courses of action based on fiscal impact and strategic goals.
Assists in the development, implementation, and annual update of the Qualified Allocation Plan (QAP), application packages, and supporting exhibits to reflect regulatory changes.
Provides guidance to developers on the interrelationship between federal low-income housing tax credits and other funding sources, including HOME funds and historic tax credits.
Establishes and monitors internal underwriting systems and management controls to ensure data quality, timely processing, and compliance with agency procedures.
Researches similar programs administered by other agencies and monitors local, state, and national housing trends to inform program planning.
Assists with the preparation of investment activity reports, capital adequacy studies, and capacity analyses; reviews compliance with Board-approved policies and assesses liquidity needs.
Monitors the performance of derivative transactions, bond pricing information, and debt/investment performance using financial tools such as Bloomberg and DBC.
Assists with drafting updates to the internal investment policy.
Serves as a member of internal credit and loan committees, presenting underwriting analyses and financial status reports on applicants.
Acts as the primary point of contact for loan programs, meeting frequently with customers, finance professionals, and attorneys to plan and execute transactions.
Assists management in making formal funding recommendations to the IFA Director and the IFA Board.
Competencies Required
Knowledge:
Customer and Personal Service – Principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
Economics and Accounting – Economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
English Language – Structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
Law and Government – Laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Mathematics – Arithmetic, algebra, geometry, calculus, statistics, and their applications.
Abilities:
Written Comprehension – Read and understand information and ideas presented in writing.
Written Expression – Communicate information and ideas in writing so others will understand.
Category Flexibility – Generate or use different sets of rules for combining or grouping things in different ways.
Flexibility of Closure – Identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
Deductive Reasoning – Apply general rules to specific problems to produce answers that make sense.
Inductive Reasoning – Combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Information Ordering – Arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Mathematical Reasoning – Choose the right mathematical methods or formulas to solve a problem.
Oral Comprehension – Listen to and understand information and ideas presented through spoken words and sentences.
Oral Expression – Communicate information and ideas in speaking so others will understand.
Skills:
Active Learning – Understanding the implications of new information for both current and future problem-solving and decision-making.
Active Listening – Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Complex Problem Solving – Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Critical Thinking – Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
Judgment and Decision Making – Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Mathematics – Using mathematics to solve problems.
Reading Comprehension – Understanding written sentences and paragraphs in work-related documents.
Service Orientation – Actively looking for ways to help people.
Speaking – Talking to others to convey information effectively.
Writing – Communicating effectively in writing as appropriate for the needs of the audience.
Minimum Qualification Requirements
Applicants must meet at least one of the following minimum requirements to qualify for positions in this job classification:
Graduation from an accredited four-year college or university with a degree in finance, accounting, or business, and experience equal to four years of full-time work in professional-level budget analysis, financial management, accounting, banking, or management analysis.
Eight years of full-time work experience in professional-level budget analysis, financial management, accounting, banking, or management analysis.
All of the following (a, b, and c):
Two years of full-time work experience in in professional-level budget analysis, financial management, accounting, banking, or management analysis; and
A total of four years of education and/or full-time experience (as described in part a), where thirty semester hours of accredited college or university coursework in finance, accounting, or business equals one year of full-time experience; and
A total of two years of graduate-level education and/or full-time experience (as described in part a), where twenty-four semester hours of accredited graduate college or university coursework in business administration, public administration, law, economics, finance, or accounting equals one year of full-time experience.
Effective date: 09/26 SA