Careers at HDC

The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency.  HDC’s programs support the construction and preservation of multi-family affordable housing in New York City.

HDC is an Equal Opportunity Employer
 

Available Positions:

Loan Administrator
Mortgage Loan System Analyst, Capital Markets
 

 


 HDC is an Equal Opportunity Employer

Loan Administrator

Area of Talent:    Cash Management/Capital Markets

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Loan Administrator reports to the Vice President, Cash Management and handles a portfolio of construction loans; has responsibilities related to loan closings and construction administration processes; and ensures knowledge is current on affordable housing guidelines and policies.

 

Job Responsibilities:

  • Performs billing reconciliation with servicing bank.
  • Works with Development and Legal Departments on Conversions.                      
  • Works with Development and Capital Markets to set up new loans in the mortgage system.
  • Reviews and sets up advances in the mortgage system.             
  • Works with Cash Management to release funds for advances upon receipt of clear title.
  • Researches delinquent accounts.           
  • Assists in resolving issues with HDC Legal and Development Teams.          
  • Produces monthly Construction Loan Report. 
  • Acts as back up for Accounts Receivable processes.
  • Acts as back up for Cash Management processes.     

 

Required Qualifications:

  • A Bachelor’s Degree from an accredited college in a related field such as Real Estate Finance or Business Administration.
  • 3 years minimum of relevant real estate finance experience including loan administration; or, a satisfactory combination of experience/or education that is equivalent to the above.
  • Thorough understanding of loan administration and funding procedures.
  • Proficiency with loan servicing systems.
  • 1-3 years Microsoft Excel experience performing Intermediate level functions. 
  • High level of proficiency in mathematics and data analysis.
  • Knowledge and understanding of real estate documents including Construction and Loan Notes, Loan Agreements, Disbursing Agreements, and Mortgages.
  • Understanding of payment applications including appraisals, AIA forms, contractor certifications, and lien waivers. 
  • Ability and experience managing projects and time-sensitive deadlines.
  • Superior organizational, analytic, and problem solving skills.
  • Strong communication skills.
  • Ability to build relationships with staff, executives and external partners.

 

Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at (212) 227-6893

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, retirement savings and career development programs. 

HDC is an Equal Opportunity Employer

 


HDC is an Equal Opportunity Employer

Mortgage Loan System Analyst, Capital Markets

Area of Talent:    Finance/Real Estate Lending/Affordable Housing/Loan Operations

Position Type:     Full Time/Exempt

Location:              NYC/Wall Street Area

 

Position Summary:

The Mortgage Loan System Analyst, Capital Markets reports to the Vice President, Capital Markets and is responsible for management and maintenance of the Benedict Group Incorporated (BGI) LOANS! For .NET system, the loan servicing software used to manage HDC’s mortgage loan portfolio.

 

Job Responsibilities:

  • Performs a quality assurance review on a daily basis of all accounts receivable postings and accounts payable transactions.
  • Identifies key system requirements to sustain existing data structures.
  • Updates database information and develops new data hierarchies for additional data conversion.
  • Troubleshoots and resolves system and/or processing issues.
  • Coordinates with the software vendor (BGI) to document requirements for additional system enhancements.
  • Partners with IT team to communicate the business needs of the various systems utilized by HDC departments.
  • 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.
  • Helps create and implement HDC operations policies & procedures.

 

Required Qualifications:

  • A Bachelor’s Degree from an accredited college in a related field such as Finance, Real Estate Finance and/or Business Administration.
  • 5 years minimum of relevant real estate finance experience and/or mortgage operations; or, a satisfactory combination of experience/or education that is equivalent to the above.
  • Thorough understanding of mortgage loans, terms and amortization.
  • Proficiency in loan servicing software; experience working with BGI preferred and a plus
  • Proficiency with Microsoft Office suite specifically Excel experience performing Advanced level functions. 
  • High level of proficiency in mathematics, data analysis and financial modeling.
  • Ability and experience managing projects and time-sensitive deadlines.
  • Superior organizational, analytic, and problem solving skills.
  • Strong communication skills.
  • Ability to build relationships with staff, executives and external partners.

 

Preferred Qualifications:

  • Knowledge of accounting principles.
  • Familiarity with relational databases.
  • SQL experience a plus

 

Interested applicants may email a cover letter with salary requirements and resume to jobs@nychdc.com or fax to the Human Resources Department at  (212) 227-6893.

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, retirement savings and career development programs. 

HDC is an Equal Opportunity Employer