Job Description

Financial Analyst:

The Housing Opportunities Commission of Montgomery County (HOC) was established in 1974 to better respond to the County's need for affordable housing. HOC is authorized to acquire, own, lease, and operate housing; to provide for the construction or renovation of housing; obtain financial assistance from any public or private source to assist its housing activities; and arrange for social services, resident services, and daycare.

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The Financial Analyst is a professional position in the Real Estate Division responsible for conducting financial analysis of multifamily rental properties for both new construction and rehabilitation of existing properties. The responsibilities include assisting with proforma preparation and other analysis for potential development activities, including purchasing and rehabilitating existing rental properties, purchasing land, constructing multi-family mixed-income rental properties, and renovation/refinancing of operating properties within HOC's portfolio.

The employee in this position requires a general knowledge of the principles and practices in the residential real estate development field for multifamily rentals and single-family units, preferably with affordable housing, including real estate investment analysis. This position requires a basic understanding of appraisals and market studies, underwriting practices, sources for equity and financing, the tax-exempt bond market, and federal, state and local housing programs as appropriate for specific aspects the incumbent is assigned.

The employee takes direction from Real Estate Development team members and plans, organizes, and controls most aspects of their work, providing regular status reports to the supervisor. The employee is expected to exercise sound and efficient judgment in managing and scheduling the workload. Contacts are with employees throughout HOC and with members of HOC's development partners and project team members. The employee works in both a regular office setting and, occasionally, in the field, visiting rental developments or potential sites.

Example of Duties:

• Assist with underwriting multifamily developments with a variety of financing sources. Financing might include tax-exempt bonds, and local, state, and tax credit partnerships.
• Perform financial projections and evaluate potential investments
• Assist with preparing proformas and financial analysis of multifamily rental properties
• Perform standard accounting and tracking functions associated with construction projects in progress
• Assist with the preparation and submission of Low Income Housing Tax Credit (LIHTC) applications
• Assist with the preparation of action items for the Commission Agenda
• Assists with applications for additional grants, loans, and subsidies with capital partners and Montgomery County agencies
• Perform data analysis to assist the team with reports or presentations as needed
• Communicate effectively with project managers and collaborate on deliverables for projects.
• Perform other related duties as assigned.

Minimum Qualifications:

Experience:

• At least one of experience in real estate underwriting and real estate development, preferably with affordable housing

Education:

• Graduation from an accredited college or university with a Bachelor's degree in Engineering, Mathematics, Finance, Business, Real Estate, or Urban Planning, or a related field
• An equivalent combination of education and experience may be accepted. Low income residents in Montgomery County with the above qualifications are encouraged to apply.

Knowledge Skills and Abilities:

• Knowledge of real estate terminology and concepts is preferred; a basic understanding of LIHTC is a plus.
• Proficient in Microsoft Word, Excel, and PowerPoint with a general understanding of databases and computerized accounting systems. Yardi is a plus.
• Strong financial and analytical skills and the ability to understand and manipulate data.
• Ability to learn local, state, and federal laws and regulations applicable to the portfolio.
• Ability to communicate clearly both in writing and orally
• Ability to work independently and exercise good judgment
• Ability to deal tactfully, effectively, and equitably with people and work as an effective, collaborative team member who is punctual and shares the values of the agency's mission

* Grade 26 - Min: $77,798 / Mid: $103,922 / Max: $130,046 | Salary determined by departmental budget - Offer commensurate with experience .

HOC is an equal-opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace.

HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records in determining suitability for employment. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.

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