Credit Analyst

Background

MISSION AND HISTORY
Housing Trust is leading the effort to create a strong affordable housing market in the greater Bay Area as one of the region’s highest-volume nonprofit housing lenders. Serving people experiencing homelessness to renters to first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Since 2000, Housing Trust has cumulatively invested $615 million – creating over 27,200 affordable housing opportunities serving over 50,900 of our neighbors. Housing Trust has led the way in engaging local corporations and foundations in investing hundreds of millions of dollars to work with us to bring more solutions to the market all while experiencing several years of high growth in our lending business.

Summary

The Credit Analyst (CA) plays a pivotal role in facilitating the lending to affordable housing projects, ensuring thorough analysis and accurate decision-making. This role encompasses a broad range of responsibilities, from gathering essential information for loan modifications to supporting portfolio performance monitoring and reporting. The CA will support the organization’s operations by performing financial analyses, third party review assessments, site visits, and various asset management tasks including but not limited to covenant compliance, financial reporting, loan modifications, loan extensions, and sponsor reviews. The Credit Analyst will participate in the Housing Trust (HT) training program and with successful completion be eligible to grow to more senior roles either in the Asset Management or the Multifamily Lending functions.

Responsibilities

Responsibilities include, but are not limited to the following:
Loan Monitoring and Credit Analysis
• Provide financial analysis to support the monitoring of key performance metrics of the HT loan portfolio.
• Assist in the completion of periodic loan reviews including gathering borrower and project financials.
• Learn to identify problem loan indicators and ensure compliance with loan documents.
• Track project financial and development milestones from review of documents and communication with borrowers.
• Support loan covenant, maturity, and delinquency reporting
• Gather sponsor exposure data to prepare for new loan screenings and periodic sponsor reviews.
Loan Extension and Modification Process
• Attend construction calls and track project progress, including budget, schedule, and possible delays.
• Evaluate required due diligence items and provide analysis for loan extensions and modifications.
• Monitor upcoming maturities report to identify expected payoffs, extensions, and modifications.
Internal and External Reporting
• Assist Asset Manager in preparing quarterly portfolio performance presentations on a monthly and quarterly basis for HT portfolios.
• Collaborate with the Finance department for key loan level and portfolio performance data and review for accuracy on a monthly and quarterly basis.
• Collaborate with cross-functional teams to ensure reporting and compliance with the requirements of various public and private capital sources.
• Perform site visits and eventually take on full responsibility for reporting out.

Requirements

QUALIFICATIONS
• Bachelor’s degree in business, finance, real estate, urban planning, or economics, or at least 3 years’ experience in a related field.

Required
• Proficiency in analyzing company financials.
• Experience analyzing property level financial performance and identifying key trends OR deep knowledge of accounting for deferred revenue, capital, and cash flow as well as proven ability to perform trend analysis.
• Strong analytical, time management and critical thinking skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple tasks while exhibiting strong attention to detail and a high level of accuracy.
• Proficient in Microsoft Office.
• Ability to work effectively in a team environment and collaborating across various levels of diversity including race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age, or sexual orientation.
• Commitment to the mission of the Housing Trust and its borrowers and ability to embrace a work culture that celebrates creativity and innovation.

Desired Qualifications
• Experience in affordable housing or real estate, including credit analysis and project proforma analysis.
• Experience with reviewing due diligence items required to underwrite real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
• Knowledge of the closing process and loan documents utilized in real estate transactions.
• Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, affordable housing and/or permanent supportive housing, (e.g., LIHTC, HUD programs, etc.)

Compensation and Benefits

The annual salary range for this position is $78,750 to $94,500. This is an exempt, full-time position.
Our total compensation package includes the following:
Medical, Dental and Vision benefits fully covered for employees and 50% for eligible dependents.
401K employer contribution at 3% and additional match up to 2%.
3 weeks of paid vacation, 12 paid sick days, 11 paid holidays, and paid year-end shutdown.
End of year bonus, tuition reimbursement program and more…

How to Apply

To apply for this role, submit your resume and cover letter for consideration via the following link:

https://careers-anothersource.icims.com/jobs/101991/credit-analyst—housing-trust-silicon-valley/job