Senior Financial Analyst
Locations: Los Angeles County, CA
About the Employer
The Los Angeles County Affordable Housing Solutions Agency (LACAHSA) is a new agency created to address the ongoing challenges of affordable housing in Los Angeles County. We help people stay in their homes and increase housing options in all communities of Los Angeles County.
Our Agency was created by California state legislation sponsored by community organizations and housing experts, approved by the State Legislature, and signed by Governor Gavin Newsom.
We are governed by a Board of 22 Los Angeles County leaders, including elected officials and housing experts.
Now that you know who we are, here’s what we’re building and how you can help shape it.
Role Summary
By delivering rigorous financial analysis, exercising sound judgment, and supporting well-structured and compliant investments, you will play a direct role in advancing housing stability and affordability for Angelenos. As a member of LACAHSA’s Strategic Investments team, you will help ensure that public resources are deployed thoughtfully, efficiently, and in alignment with the Agency’s mission to expand access to safe, stable, and affordable housing across Los Angeles County.
The Senior Financial Analyst is responsible for leading the independent underwriting and financial analysis of affordable housing transactions across acquisition, construction, and permanent loan products, and for producing clear, well-reasoned financial and credit analyses to support investment and approval decisions. In addition to working closely with the Managing Director and Senior Director of Strategic Investments, the role partners with Loan Closers and other internal/external stakeholders.
The position requires a high degree of professional independence and accountability, including the ability to assess transaction risk, identify material issues, and recommend appropriate mitigants with minimal supervision. The Senior Financial Analyst is expected to exercise sound judgment, proactively escalate concerns, and serve as a primary first-line reviewer throughout the underwriting and approval process. Success in this role is measured by the accuracy, quality, and timeliness of underwriting deliverables, as well as the ability to operate as a trusted and independent analytical resource.
What You’ll Do
Financial Acumen & Analysis
- Independently underwrite acquisition, construction, and permanent loan transactions for multifamily affordable housing; analyze sources and uses, cash flow, debt service coverage, reserves, and exit scenarios
- Prepare accurate financial statement spreads and conduct quarterly and year-over-year trend analysis
Analytical Thinking & Decision Quality
- Evaluate financial performance, operating metrics, and asset risk profiles
- Identify key risks, sensitivities, and policy considerations, and recommend appropriate mitigants; apply sound judgment to support informed investment and approval decisions
Collaboration & Influence
- Partner effectively with senior leadership, Loan Closers, and internal/external stakeholders
- Communicate complex financial findings clearly to support efficient deal execution
Results Orientation
- Deliver timely, high-quality underwriting and financial analyses
- Provide actionable financial insights to support senior leadership and strategic investment objectives
Required Qualifications
- Bachelor’s degree in finance, accounting, economics, or a closely related field
- Minimum of three (3) years of professional experience underwriting and evaluating multifamily affordable housing transactions
- Experience performing financial analysis for multifamily affordable housing transactions, with high attention to detail, sound judgment, and the ability to manage multiple priorities with minimal supervision
- Experience reviewing and analyzing annual financial statements and auditing financial reports for multifamily or real estate-related entities; ability to interpret audit findings, identify material variances or issues, and assess implications for credit and underwriting decisions
- Advanced Excel skills, including complex formulas, financial modeling, cash flow analysis, and sensitivity analysis
- Strong written and verbal communication skills, including experience preparing clear and well-supported underwriting or credit analyses
Preferred Qualifications
- Experience underwriting transactions for a public-sector, mission-driven, or government-affiliated lender; familiarity with layered affordable housing capital structures and subsidy programs
- Background in working with NOFAs, loan committees, or formal credit approval processes
- Proficient in reviewing audits prepared in accordance with GAAP and/or government or nonprofit accounting standards
- Familiarity with single-asset entity audits, management letters, and internal control observations
- Expertise in reviewing third-party reports, including appraisals, market studies, and environmental reports
- Prior experience working closely with senior leadership on investment or credit decisions
- Knowledge of Los Angeles County or California affordable housing markets and programs
Required Criteria
- As part of the interview process, candidates will be required to complete a practical underwriting and financial analysis exercise focused on non-profit affordable housing sponsors; this assessment will mirror the sponsor-level financial analysis used by LACAHSA’s Strategic Investments team
Compensation & Benefits
Compensation Range
- Annual salary ranging from $87,000.00 to $127,000.00, depending on your experience and qualifications
Benefits
- Great PPO health insurance options, and LACAHSA will cover 100% of your premiums for Medical, Dental & Vision
- Fully paid Life and AD&D insurance coverage
- Employee Assistance Program (EAP)
- Generous retirement benefit with dollar-for-dollar match up to 5% of the employee’s salary, with immediate vesting
- Paid time off, including 14 holidays, two weeks of sick leave, and two weeks of accruable vacation for new, full-time employees in their first year
Equal Opportunity Statement
LACAHSA is proud to be an equal opportunity employer. We are committed to creating a diverse and inclusive workplace that reflects the community we serve. We strongly encourage applications from people of all backgrounds, including BIPOC, LGBTQIA+, and veterans.
