Financial Analyst

Summary

Reporting to the VP of Development Finance & Underwriting, the Financial Analyst supports the Capital Projects Division by providing financial analysis and reporting for affordable housing development projects. This position assists with preparing and updating development pro formas, performing basic underwriting, and supporting the preparation of financing, subsidy, and regulatory applications. The Financial Analyst tracks project costs, supports budget reconciliation activities, and produces financial reports to support informed decision-making throughout the development lifecycle. The role works closely with Development Managers throughout the project lifecycle to help ensure projects are financially feasible, compliant, and aligned with organizational goals.

Essential Functions

• Prepares, maintains, and updates development project pro formas to support feasibility analysis and funding requirements.
• Performs basic underwriting analysis for proposed affordable housing development projects, including review of sources and uses, operating assumptions, and financing terms.
• Assists in the preparation and submission of financing, subsidy, and regulatory applications, ensuring accuracy and completeness of financial data.
• Tracks and monitors project costs throughout the development lifecycle and supports reconciliation of development budgets.
• Assists with budget variance analysis and supports periodic budget reviews and project closeout activities.
• Supports financial due diligence activities by gathering, reviewing, and validating project-level financial and cost data.
• Assists with cash flow analysis and funding draw tracking to support lender and investor requirements.
• Prepares routine and ad hoc financial reports for internal management, lenders, investors, and funding agencies.
• Maintains organized financial documentation and supports audit, compliance, and reporting requirements related to development projects.
• Coordinates with internal teams and external partners to obtain financial information needed for reporting, applications, and approvals.
• Supports compliance with applicable affordable housing program requirements by assisting with financial documentation and reporting.
• Participates in the continuous improvement of financial models, templates, and reporting tools used by the Real Estate Development Department.
• Collaborates with Real Estate Development, Finance, and other stakeholders to support timely and informed financial decision-making.

Minimum Qualifications

Education, Training and Experience Guidelines

• A minimum and three (3) years of directly related experience and a Bachelor’s degree is a related field are required. An equivalent combination of education and experience may be required.

Required Knowledge of

• Real estate development financial concepts, including development pro formas, sources and uses, and project cash flows.
• Fundamental underwriting principles and financial feasibility analysis for real estate development projects.
• Budgeting principles, cost tracking, and budget reconciliation processes.
• Financial reporting methods and documentation practices.
• Spreadsheet-based financial analysis and reporting tools, including Microsoft Excel.
• General affordable housing development concepts, terminology, and funding structures.

Required Skill in

• Preparing, updating, and analyzing development pro formas and financial models.
• Performing basic underwriting and feasibility analyses for real estate development projects.
• Tracking project costs, reconciling budgets, and analyzing financial variances.
• Preparing clear and accurate financial reports for management, lenders, and funding agencies.
• Using spreadsheet software (e.g., Microsoft Excel) for financial analysis, modeling, and reporting.
• Organizing and managing financial documentation to support compliance, audits, and reporting requirements.
• Collaborating with internal teams and external stakeholders to gather financial information and support decision-making.

License and Certification Requirements

• A valid Driver's License is required.