Real Estate Financial Analyst (Provisional)

Financial Analyst supports the various development activities engaged by Office of Strategic Planning including the administration and oversight of loan and grant applications; underwriting loan and grant files; monitors HOME Investment Partnerships Program (HOME) formula grants from the Department of Housing and Urban Development (HUD); and coordination with lending partners, other City departments and local economic development agencies and non-profit development companies related to the City's economic development and housing goals. The position reports to the Director of Development in the Mayor's Office of Strategic Planning.Typical Work Activities

Monitors all lending programs and economic development programs carried out by sub-recipients of the City of Buffalo; oversight of loan documentation and monitors loan and grant disbursements

Supervises rehabilitation loan underwriting for loans through the City and grant files for verification of HUD and City guidelines, as well as standard underwriting criteria, title, debt-to-income ratio and collateral requirements

Works with clients to assure application processing is ongoing from beginning to completion

Evaluates applicant's creditworthiness; and determines which loan programs and funding sources are best suited to individual cases

Recommends funding of certain loan projects after complete review and processing

Directs loan applicants to other funding sources or agencies for supportive services as necessary

Disseminates program information by phone or correspondence and may make oral presentation to individuals or groups

Serves as liaison to the Erie County Industrial Development Agency (ECIDA)

Organizes and communicates referrals to other development organizations for companies seeking assistance

Attends meetings involving economic development activities on behalf of the Division of Strategic Planning

Preforms related duties as required

(A) Master's Degree from an accredited college or university a 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.

(B) Bachelor's Degree from an accredited college or university a 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.

(C) An equivalent combination within the limits of A and B

Special Requirement

Possession of a New York State Driver's License that must be presented at the time of appointment and maintained during employment

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