Financial Analyst

Harmony Housing Affordable Development is among the largest real estate developers of affordable rental housing in the United States.
Our mission is to positively impact communities by creating and preserving quality affordable housing for low-wealth households.
Our ultimate success is defined by helping our partners achieve their goals, while also positively affecting the communities they serve.
Our fast-growing organization is currently seeking an experienced Affordable Housing Financial Analyst to join the expanding Finance team.
The Financial Analyst will be an integral part of the growth and development of Harmony Housing’s Affordable Housing business.
In addition to the required experience needed for the position, the ideal candidate must also be a culture fit, upholding the values of Integrity, Entrepreneurial, Caring, and Excellence.
Candidates must be results-oriented professionals with demonstrable knowledge of the affordable housing industry.
Candidates need to demonstrate an ability to successfully handle multiple projects and successfully work under pressure of strict deadlines.
The Financial Analyst will support the execution of the company’s multi-family affordable development platform (new construction, rehabilitation, and mixed-use) by performing financial analyses of development opportunities, preparing appropriate documents to facilitate and complete the underwriting and closing of real estate transactions, interfacing with internal and external partners, as well as tracking and reporting on the status of transactions within the pipeline.
The Financial Analyst role requires a great deal of autonomy and accountability, along with strong experience in financial analysis, low-income housing tax credits, critical thinking, problem-solving, negotiating, networking, and teamwork.
The Financial Analyst works in close coordination with the accounting, business development, construction, development, and executive teams located in our Raleigh, North Carolina office and will report to the Vice President of Finance.
Primary Duties and Responsibilities: Provide initial screening and proforma modeling of development opportunities to determine financial feasibility.
Facilitate the collection, organization, review, and analysis of financial due diligence materials.
Review state-qualified allocation plans (QAPs) and/or bond issuer underwriting guidelines to determine project-specific requirements.
Prepare scenario analyses to determine the appropriate capital structure and financing products to use for assigned projects.
Assist with debt and equity capital raising by preparing investment packages, soliciting proposals from potential lenders and investors, responding to questions, and negotiating terms.
Identify potential sources of soft funding and be able to update financial models with the unique associated financing terms.
Assist development team members with tax credit, bond, and other financing application preparation.
Continuously update and maintain financial models as needed from project inception through financial closing.
Prepare ad hoc financial analyses as required for assigned projects.
Develop analyses and presentation materials needed for senior team members and the Investment Committee, as well as external meetings (clients, government agencies, lenders, investors, etc.
) Ensure departmental deadlines are met.
Experience, Skills, and Abilities Required: Bachelor’s degree in Business, Finance, Real Estate, Accounting, or equivalent from an accredited university.
5+ years of progressive professional experience with a successful track record in real estate development, real estate finance, or low-income housing tax credit syndication, with an in-depth understanding of real estate fundamentals and transaction structuring that includes both new construction and rehabilitation of multi-family projects.
Experience in advanced multi-family real estate underwriting with tax-exempt bond financing, the Federal Low-Income Housing Tax Credit (LIHTC), FHA mortgage insurance programs, as well as Agency (Fannie/Freddie) debt products.
Specific experience underwriting USDA Rural Development loans and/or underwriting preservation transactions through HUD’s RAD program is highly desired.
Exceptional financial modeling skills, with the ability to update, maintain, understand, and create complex financial models using Microsoft Excel.
Advanced computer skills related to the use of Microsoft Office Suite, SharePoint, Smart Sheets, and other similar programs.
Experience reviewing real estate financial information (income & expense statements, rent rolls, audits, loan documents, etc.
) Ability to process information including gathering, assessing, coding, organizing, auditing, and verifying data.
Ability to recognize and mitigate investment risks.
Adept communicator with the ability to clearly express ideas, thoughts, and concepts orally and written.
Ability to work independently, as well as in close collaboration with a team to provide solutions where needed.
A skilled negotiator and demonstrated ability to present recommendations with varying amounts of information available.
Excellent problem-solving skills: ability to think outside the box while staying within the guidelines.
Excellent interpersonal and relationship-management skills to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and a variety of potential clients.
Must be resourceful, and flexible and maintain the ability to react and respond quickly towards positive outcomes.
Strong organizational, time-management, and project-management skills to effectively track, report, and manage multiple projects and priorities where meeting deadlines is critical.
Credit Check: A satisfactory background check will be required as part of the selection process.
At Harmony Housing Affordable Development, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives.
We strive to build an inclusive work environment that celebrates differences and empowers all individuals with opportunities to channel their entrepreneurial spirit.
Harmony Housing Affordable Development is an EEO Employer.