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Showing posts with label housing development authority. Show all posts
Showing posts with label housing development authority. Show all posts

Business Systems Analyst Lead , IL Housing Development Authority - Hybrid (IL)

 

Position Title: Business Systems Analyst Lead Department: Information Technology  

 

Join our Team! At IHDA we strive to create and maintain a work environment that promotes diversity, recognition and inclusion. IHDA is committed to hiring and investing in individuals of diverse talents and backgrounds to ensure a range of perspectives and experiences inform and guide our work of financing affordable housing in the state of Illinois.  

 

Who we are: The Illinois Housing Development Authority (IHDA) is one of the Nation’s preeminent Housing Finance Agencies and one of the State’s ten largest financial institutions. Our mission is to finance the creation and preservation of affordable housing across the state. IHDA oversees more than 20 federal and state programs on behalf of the state of Illinois and serves as one of the state’s primary resources for housing policy and program administration. For over 50 years, IHDA has led the state in financing and supporting affordable housing.  

 

Summary: The Business Analyst Team Leader has advanced knowledge of computer applications from both the business and technical perspectives. The Business Analyst Team Leader reviews, analyzes, and evaluates business partner needs to develop solutions that support business and technical needs. Responsible for intake of project requirements, definition of scope and objectives. The Business Analyst Team Lead assists in developing new business procedures, modifying existing procedures to fit new business models, and identifying and coordinating solutions to application errors. Provides leadership within the Business Analyst Group by managing communication of team projects to the Assistant Director of Business Analysts and Help Desk. Contributes to moderately complex aspects of a project, leading other BA’s in implementation of application releases.

 

Essential Functions:

 

        Facilitates communication between business partners, vendors and other Information Technology Systems functions to coordinate system support solutions.

        Partners with IT peers, such as Application Development, Infrastructure and Help Desk.

        Work diligently to partner with and thoroughly understand the business functions they are supporting

        Responsible for the development and management of timelines for multiple projects.

        Gathers and documents the necessary information on requirements and systems operations to assist in the development or modification of a system.

        Participates in system development and maintenance decisions Ability to assess situations and determine appropriate action or solution

        Monitors problems reported for existing systems.

        Coordinates business application upgrades and user acceptance testing (UAT). Assists users with development of testing schemas for applications under development or maintenance.

        For problems that cannot be resolved by the IT Help Desk, the business analyst provides the next level of support from a technical and business standpoint

        Identifies trends in support of applications and provides feedback for adjustments in training and gaps in processes

        Documents systems, writes and maintains guides, and develops and maintains systems standards and procedures.

        Oversight of the Business Analyst Team reporting directly to the Assistant Director of Business Analysts

        Provide weekly, monthly and as required status reports on the progress of all projects the Business Analyst team are working on

        Provide support, mentoring and guidance on the overall efforts of all Business Analyst’s within the team

        Assists with the flow of information within the business analyst team, translating where necessary to ensure everyone is on the same page

        Monitors and coordinates enterprise application releases to ensure applications are current to support requirements with vendors

        Facilitates or leads kickoffs for application release updates

        Responsible for independently creating possible solutions to problems, looking beyond the obvious solutions and considering how the solution impacts other variables.

        Performs post implementation review of required documentation for change management projects. Ensuring documentation is retained in a central repository for reference.

        Other duties as required

 

Education and Experience Requirements:

 

        Master’s degree in computer science, Information Technology preferred or other related field, or 6-10 years’ experience as a Business Systems Analyst.

        Strong prioritization, organizational and communication (oral and written) skills.

        Experience authoring business requirements and technical specification documents.

        Proficiency with Microsoft Word and Excel.

        Ability to work independently and meet time-sensitive project deadlines.

        Working knowledge of loan origination and servicing systems or financial accounting systems is a plus.

 

Physical Requirements: Alternating between sitting, standing, and walking. Ascending and descending stairs. Crouching and stooping. Pushing and pulling. Reaching overhead or below. Repetitive tasks movements (filing, keyboarding, copying). Lifting, carrying, and moving objects of up to 10 -15 pounds.

 

What We Offer:

        Paid time off, plus paid holidays

        Currently in a hybrid work arrangement, but candidates must reside in Illinois at time of hire.

        Medical/dental/vision/life insurance plans

        Short/long term disability 

        Tuition reimbursement 

        Flex spending

        401K plan – immediate vesting

        IHDA employees may be eligible for federal loan forgiveness programs.

 

Must be a resident of Illinois or willing to relocate. Flexible scheduling is available, upon completion of a sixmonth probationary period.

 

To apply, submit resume to:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=ee890b7a-c9a4-4880b61b-79abf60f096e&ccId=19000101_000001&jobId=468850&source=CC2&lang=en_US


 

Underwriter, IL Housing Development Authority - Hybrid (IL)

 

Position Title: Underwriter

Department: Multifamily Financing  

 

Join our Team! At IHDA we strive to create and maintain a work environment that promotes diversity, recognition and inclusion. IHDA is committed to hiring and investing in individuals of diverse talents and backgrounds to ensure a range of perspectives and experiences inform and guide our work of financing affordable housing in the state of Illinois.  

 

Who we are: The Illinois Housing Development Authority (IHDA) is one of the Nation’s preeminent Housing Finance Agencies and one of the State’s ten largest financial institutions. Our mission is to finance the creation and preservation of affordable housing across the state. IHDA oversees more than 20 federal and state programs on behalf of the state of Illinois and serves as one of the state’s primary resources for housing policy and program administration. For over 50 years, IHDA has led the state in financing and supporting affordable housing.  

 

Summary: Under the supervision of the Manager, the Underwriter is responsible for evaluating the credit quality of affordable multifamily loans originated by the Authority.  This individual will review loan proposals for credit risk, obtain all necessary approvals, oversee the preparation and issuance of term sheets, application letters, & commitments, and see each approved loan through from application to final closing.  The position requires a specific skill set experience in multi-family development, Low Income Housing Tax Credits (LIHTC) and first mortgage financing.  The Underwriter is responsible for preparing documents to submit to HUD in connection with obtaining credit enhancement on Authority originated first mortgage loans.

 

 

Essential Functions:

 

       Evaluate, structure, and negotiate complex multifamily financing proposals for credit risk and financial feasibility.

       Analyze, interpret and underwrite transactions in compliance with the Qualified Allocation Plan and other legal, administrative, and other standards/policies as applicable.  Quickly discern loan strengths and weaknesses while identifying mitigants and necessary action steps for each loan

       Perform thorough and timely transactional due diligence, including: o Analysis of historical property operating data, cash flow pro-formas, and tax credit basis projections and sources and uses statements.

                      o Credit review of borrower financial position and experience; review of third-party reports

(architectural, environmental and appraisal) and construction draw schedules; and,  o          Review of subordinate debt and equity documents for projects using various financing sources (HOME, CDBG, LIHTC, IAHTF, IAHTC, TIF and AHP)

       When feasible, inspect property and competing properties and the neighborhood/market for condition and income producing ability.  

       Coordinate with development team to management timeline and closing schedule.  Key Authority contact for closing the transaction including the review and reconciliation of all finance related documents.

       Must work collaboratively with other departments in the Authority in order to keep projects moving forward.  Key contact for the development team to identify problems and find solutions to issues that arise during the underwriting and due diligence period.

       Prepares and presents financing request summary packages for internal loan committee, Illinois Affordable Housing Trust Fund Advisory Commission and the Board.   

       Participates in public meetings, makes presentations and responds to inquiries both internal and external regarding Authority resources or processes.

       Effectively communicate deal specifics to internal colleagues and external customers, including issues that arise during the underwriting and loan closing process.

       Build relationships with internal and external clients and partners to enhance underwriting execution.

       Performs other duties and undertakes special projects as directed by the Underwriting Manager, Director of Business Development or Managing Director of Multifamily Financing.

       Maintains a comprehensive knowledge of loan practices and financing options, including state loan programs, HOME, federal and state housing tax credit programs and other federal financing sources or alternatives.  Periodic written assessments may be required.

 

Education and Experience Requirements:

 

       Bachelor’s Degree (B.A.), or higher, in Finance, Business Administration, Economics, Urban Studies, Public Administration, Public Policy, or a related field, or any equivalent combination of experience, education, and/or training.  

       Must have knowledge of the terms and concepts of real estate finance

       FHA Risk Share, agency lending, and Multifamily Accelerated Processing (MAP) experience preferred

       Multifamily loan underwriting experience required

       Proficient in Microsoft Office, especially Excel and Word.  

       Demonstrated ability to organize and prioritize projects; complete multiple tasks on schedule; adhere to deadlines.

       Strong work ethic and pro-active team player able to work effectively in a fast-paced environment.

       Excellent written, verbal and interpersonal communication skills.

       Ability to manage diverse stakeholder groups, exercise sound judgement and anticipate challenges and respond accordingly.

       Ability to problem solve and exercise independent judgement while displaying a high degree of initiative and accuracy.

 

 

What we Offer:

       Paid time off, plus paid holidays

       Currently in a hybrid work arrangement, but candidates must reside in Illinois at time of hire

       Medical/dental/vision insurance plan

       Life insurance, short/long term disability, tuition reimbursement, and flex spending

       401K plan – immediate vesting

       IHDA employees may be eligible for federal loan forgiveness programs

 

Must be a resident of Illinois or willing to relocate. Flexible scheduling is available, upon completion of a sixmonth probationary period.

 

 

To apply, submit resume to:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=ee890b7a-c9a4-4880b61b-79abf60f096e&ccId=19000101_000001&jobId=487272&source=CC2&lang=en_US