Credit Analyst – Housing Trust Silicon Valley Full Time

Another Source’s client, Housing Trust Silicon Valley, is recruiting a Credit Analyst to join their Asset Management Team in San Jose or Oakland, CA. This position will play a vital role in supporting the evaluating and analysis of affordable housing loans – it is an exciting time to join the team at Housing Trust Silicon Valley!

This position is hybrid (on-site 3 days per week) and offers a very generous PTO plan. They are a 100% self-sufficient, non-profit that is committed to maintaining work / life balance.

About Housing Trust:

Housing Trust is leading the effort to create a strong affordable housing market in the greater Bay Area as one of the region’s highest-volume nonprofit housing lenders. Serving people experiencing homelessness to renters to first-time homebuyers, we assist a wide range of residents with programs across the entire spectrum of housing issues. Since 2000, Housing Trust has invested $555 million – creating over 26,000 affordable housing opportunities serving over 49,000 of our neighbors. Housing Trust has led the way in engaging local corporations and foundations in investing hundreds of millions of dollars to work with us to bring more solutions to the market all while experiencing several years of high growth in our lending business.

Learn more about the team: https://housingtrustsv.org/about/staff-board/

Read about the Housing Trust: https://housingtrustsv.org/

Salary Range: $78,000 – $94,000

POSITION OVERVIEW:

The Credit Analyst (CA) plays a pivotal role in facilitating the lending to affordable housing projects, ensuring thorough analysis and accurate decision-making. This role encompasses a broad range of responsibilities, from gathering essential information for loan modifications to supporting portfolio performance monitoring and reporting. The CA will support the organization’s operations by performing financial analyses, third party review assessments, site visits, and various asset management tasks including but not limited to covenant compliance, financial reporting, loan modifications, loan extensions, and sponsor reviews.  The Credit Analyst will participate in the Housing Trust (HT) training program and with successful completion be eligible to grow to more senior roles either in the Asset Management or the Multifamily Lending functions.

KEY RESPONSIBILITIES:

• Loan Monitoring and Credit Analysis
• Loan Extension and Modification Process
• Internal and External Reporting

QUALIFICATIONS:

Bachelor’s degree in business, finance, real estate, urban planning, or economics.
OR
At least 3 years’ experience in a related field.

Required

• Proficiency in analyzing company financials.
• Experience analyzing property level financial performance and identifying key trends OR deep knowledge of accounting for deferred revenue, capital, and cash flow as well as proven ability to perform trend analysis.
• Strong analytical, time management and critical thinking skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple tasks while exhibiting strong attention to detail and a high level of accuracy.
• Proficient in Microsoft Office.
• Ability to work effectively in a team environment and collaborating across various levels of diversity including race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age, or sexual orientation.
• Commitment to the mission of the Housing Trust and its borrowers and ability to embrace a work culture that celebrates creativity and innovation.

Desired Qualifications

• Experience in affordable housing or real estate, including credit analysis and project proforma analysis.
• Experience with reviewing due diligence items required to underwrite real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
• Knowledge of the closing process and loan documents utilized in real estate transactions.
• Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, affordable housing and/or permanent supportive housing, (e.g., LIHTC, HUD programs, etc.)

What’s in it for you:

Housing Trust offers a comprehensive compensation and benefit package.

https://housingtrustsv.org/wp-content/uploads/2021/05/HT-Snapshot-of-Benefits.2021.pdf

Benefits include:

• Medical, Dental and Vision benefits fully covered for employees. Eligible dependents covered at 50%.
• 401K employer contribution at 3% and additional match up to 2%.
• Three (3) weeks of paid vacation
• Twelve (12) paid sick days.
• 11 paid holidays
• Paid year-end shutdown (for winter holidays)
• End of year bonus program
• Tuition reimbursement program and more…

Housing Trust is an equal opportunity employer to all regardless of race, color, national origin, ancestry, sex, marital status, disability, religious or political affiliation, actual or perceived gender identity, age or sexual orientation. Housing Trust is committed to diversity, equity and inclusion and our goal is to have a workforce (at all job levels) that is representative of the communities we serve.

Another Source works with their clients, on a retained project basis.  We are committed to building inclusive candidate pools as we partner with hiring teams. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. As you read through the job posting and review the list of qualifications (required and/or preferred), please do not self-select out if you feel you do not meet every qualification. No one is 100% qualified. We encourage you to apply and share your story with us.