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 .
NET system, the loan servicing software procured to manage HDC’s mortgage loan portfolio.
Area of Talent: Cash Management/ Affordable Housing
Position Type: Full Time/ Exempt
Salary Range: $60,000- $70,000
Office Location: NYC/ Financial District
Job 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:
Bachelor’s degree with substantial course work/credits specific to finance, and/or real estate
Minimum of 1-3 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 COVID-19 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
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
HDC is committed to the full inclusion of all qualified individuals.
As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations.
If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Human Resources by emailing jobs@NYCHDC.
com.
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