Real Estate Financial Analyst (Provisional)
Location: Buffalo, NY
Employment Type: Full-time
About the Employer
The City of Buffalo, New York.
Role Summary
The Real Estate Financial Analyst supports the various development activities engaged by the Office of Strategic Planning, including the administration and oversight of loan and grant applications, underwriting loan and grant files, and monitoring HOME Investment Partnerships Program (HOME) formula grants from the Department of Housing and Urban Development (HUD). The position reports to the Director of Development in the Mayor's Office of Strategic Planning.
What You'll Do
- Monitor all lending programs and economic development programs carried out by sub-recipients of the City of Buffalo and oversee loan documentation and monitor loan and grant disbursements
- Supervise rehabilitation loan underwriting for loans through the City and grant files for verification of HUD and City guidelines, standard underwriting criteria, title, debt-to-income ratio, and collateral requirements
- Work with clients to assure application processing is ongoing from beginning to completion
- Evaluate applicant creditworthiness and determine which loan programs and funding sources are best suited to individual cases
- Recommend funding of certain loan projects after complete review and processing
- Direct loan applicants to other funding sources or agencies for supportive services as necessary
- Disseminate program information by phone or correspondence and may make oral presentations to individuals or groups
- Serve as liaison to the Erie County Industrial Development Agency (ECIDA)
- Organize and communicate referrals to other development organizations for companies seeking assistance
- Attend meetings involving economic development activities on behalf of the Division of Strategic Planning
- Perform related duties as required
Required Qualifications
One of the following:
- Master's Degree from an accredited college or university with major course work in business administration, finance/lending, accounting, real estate development or a related field and one (1) year of full-time experience in real estate and/or business financing and/or development, economic development or related experience
- Bachelor's Degree from an accredited college or university with major course work in business administration, finance/lending, accounting, real estate development or a related field and three (3) years of full-time experience in real estate and/or business financing and/or development, economic development or related experience
- An equivalent combination of education and experience
Possession of a current and valid Class D New York State Driver's License at time of appointment and maintained throughout employment.
Applicants must consent to screening requirements of the New York State License Event Notification Service (LENS). This provision is in accordance with Title 49, Code of Federal Regulations, Section 382.703(a) and cannot be performed without the consent of the applicant.
Compensation
$70,817–$83,381 annually
Additional Information
Full Performance Knowledge, Skills, Abilities and Personal Characteristics:
- Knowledge of principles and practices of mortgage financing and credit evaluation
- Ability to conduct effective interviews
- Ability to evaluate applicant personal and financial data
- Ability to assemble documents and forms into loan packages
- Ability to make accurate arithmetical computations
- Ability to communicate effectively, orally and in writing
- Ability to establish and maintain good working relationships
- Integrity; tact; resourcefulness; initiative; good address
- Physical condition commensurate with the demands of the position
Residence is a requirement for all positions. In the absence of clear and convincing evidence to the contrary, an applicant shall be deemed a non-resident if he/she cannot show ninety (90) days of continuous and uninterrupted residence in the City of Buffalo prior to filing application. Continuous residency in the City during employment is mandated, except for positions specifically exempt under State law.
