Loans Operations Analyst - New York, United States - New York City Housing Development Corporation (HDC)
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2 days ago
Description
Position Summary:
Loan Operations Analyst reports to the Managing Director, Debt Issuance/Finance & Cash Management and is responsible for coordinating and executing mortgage loan closings for the creation or preservation of affordable housing in New York City; has responsibilities related to the management and servicing of the mortgage portfolio through the Benedict Group Incorporated (BGI) LOANS For.
Area of Talent:
Cash Management/ Affordable Housing
Position Type:
Full Time/ Exempt
Salary Range:
$60,000- $70,000
Office Location:
NYC/ Financial District
Responsibilities:
- Works with the Development, Asset Management, Legal, and Capital Market Departments on new loan setup/modifications for closings/conversions/refinancings
- Review and understand real estate legal documents including Construction Notes, Construction Loan Agreements, and Servicing Agreements to ensure system info is accurate
- Assists in resolving issues with HDC Legal and Development Teams
- Performs billing and advance reconciliation with construction servicing banks.
- Helps create and implement HDC operations policies & procedures
- Troubleshoots and resolves system and/or processing issues
- Maintains and revises the account mapping structure for the daily and monthly interfaces with the Cash Management system and the Accounting General Ledger
- Reconciles discrepancies between cash transactions and accounting journal entries
- Creates ad hoc reports and assists IT developers to design standardized management reports
- Trains staff to use the loan servicing system
Required Qualifications:
It is strongly preferred that you submit a cover letter with your resume. You may also fax your resume and cover letter to
- Bachelor's degree with substantial course work/credits specific to finance, and/or real estate
- Minimum of 13 years of relevant experience in finance, real estate, and/or mortgage operations
- Thorough understanding of mortgage loans, terms, and amortization
- Knowledge and understanding of real estate documents including Construction Notes, Construction Loan Agreements, Disbursement Agreements, and Construction Mortgages
- High level of competency in mathematics, data analysis, and financial modeling
- Proficiency with Microsoft Office suite specifically advanced Excel skills
- Strong organizational, problem solving, oral and written communication skills
- Attention to detail and commitment to quality
- All HDC hires must be vaccinated against the COVID19 virus, unless they have been granted a reasonable accommodation for religion or disability._
- If you are offered employment, this requirement must be met by your date of hire, unless a reasonable accommodation for exemption is received and approved by HDC._
HDC demonstrates a strong commitment to its employees by providing a salary that is competitive and commensurate with experience and excellent benefits, including:
Health Benefits at a reasonable cost:
Dental and Vision Benefits at no cost:
Retirement savings plan with a generous match and a pension plan:
Paid holiday, vacation, sick time and parental leave:
-
Professional development opportunities:
-
Public Service Loan Forgiveness for eligible employees:
Wellness reimbursement
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