This position reports to the Multifamily Housing Manager. The Senior Planning Specialist serves as a Loan Underwriter for the Multifamily Housing Program, Division of Housing, Department of Housing and Community Affairs (DHCA). The ideal candidate must be highly organized, capable of understanding and structuring a real estate development loan, have excellent analytical, writing, public speaking, customer service skills, and will be required to make occasional public presentations to diverse audiences regarding the County's affordable housing loan program and regular presentations to the Housing Loan Review Committee.
This position will be responsible for supporting the Department's Multifamily Housing Programs by providing technical assistance to, and analyzing requests from for-profit and nonprofit affordable rental housing developers for County funding. The position will also be responsible for loan underwriting, planning, organizing, managing, and evaluating a wide range of funding requests in the Multifamily Housing Section including the County's Housing Initiative Fund (HIF) and Federal HOME and Community Development Block Grant (CDBG) funds through loan intake, analysis, and processing in addition to the management of development projects on County-owned sites. In addition, the position will evaluate loan applications to the Department; make recommendations on which projects are funded and at what terms and conditions. This position requires attendance at evening meetings and at times a need to perform work assignments outside of the office. Applicants selected for interview will be required to submit work-related writing samples.
The Senior Planning Specialist is responsible for building relationships with for-profit and nonprofit borrowers, structuring loans to balance the needs of the borrower within acceptable risk of DHCA and consistent with DHCA policy goals, writing credit memos/loan committee reports to capture all salient points of the underwriting process, presenting loans for approval to both the Housing Loan Review Committee ( HLRC ) and DHCA Director (if required) and closing loans to meet DHCA goals, with close attention to detail in due diligence documentation. This position is also responsible for being a DHCA liaison with various governmental departments, organizations and agencies with regard to the development of policy and products in relations to the affordable housing issues of Montgomery County .
Additional Employment Information
Montgomery County Government is an equal opportunity employer, committed to workforce diversity. Accordingly, as it relates to employment opportunities, the County will provide reasonable accommodations to applicants with disabilities, in accordance with the law. Applicants requiring a reasonable accommodation for any part of the application and hiring process should contact the Office of Human Resources via email to email@example.com . Individual determinations on requests for reasonable accommodation will be made in accordance with all applicable laws.
Montgomery County Government also provides hiring preference to certain categories of veterans and veterans/persons with a disability. For more information and to claim employment preference, please refer to the Careers webpage on Hiring Preference . Minimum Qualifications
Experience: Five (5) years as an affordable housing lender, community facility lending, or related field.
Education: Graduation from an accredited college or university with a Bachelor's Degree in business administration, finance, economics, accounting, real estate or related field.
Equivalency: An equivalent combination of education and experience may be substituted.
License: Possession of a valid motor vehicle operator's license is required. Preferred Criteria
Resume must include information specific to the preferred criteria listed below. Make sure that your resume references your knowledge, skills, and abilities as they relate to the preferred criteria. Ideally, the preferred criteria should be addressed in a separate section in your resume. The system only allows for one document to be submitted so your preferred criteria must be part of the resume.
1. Experience underwriting loans, analyzing and preparing proformas, and closing loans for multifamily housing transactions.
2. Experience in working with legal counsels in reviewing a variety of legal documentation for real estate loan transactions.
3. Experience in a nalyzing financial documentation and financial reports.
4. Experience in working with federal and state funding programs such as Community Development Block Grant (CDBG), HOME Investment Partnerships (HOME), etc., and other related housing programs.
5 . Experience in reviewing/assembling loan files.
If selected for consideration for this position, you may be required to provide evidence that you possess the knowledge, skills, and abilities indicated on your resume.
All applicants will be reviewed by OHR to determine whether or not they meet minimum qualifications for the position. All applicants who meet minimum qualifications will be reviewed and rated by subject matter experts based on the Preferred Criteria. Based on the results of Preferred Criteria evaluation, applicants will be rated and placed on the Eligible List as either "Qualified" or "Well Qualified." The highest rated applicants will be placed on the Eligible List and may be considered for interview. Employees meeting minimum qualifications who are same grade or higher will be placed on Eligible List as a "Transfer" candidate and may be considered for interview. Note: In the event there are 5 or less minimally qualified candidates, all will be placed on the Eligible List as Qualified and will be interviewed. Minimum Salary 56631 Maximum Salary 93944 Currency USD
Montgomery County Government - 15 months ago