State of Maryland

CDA Lending and Risk Analyst Junior I (#003723)

- Hourly / - BiWeekly /
- Monthly / $41,464.00-$65,790.00 Yearly


GRADE

14

NATURE OF WORK

A CDA Lending and Risk Analyst Junior I is the entry level classification for work including but not limited to, gathering, reviewing, processing, monitoring, analyzing, and examining CDA programs documentation, and evaluating the risk involved in granting CDA loans, grants, energy assistance, rental assistance or any other technical assistance pertaining to multifamily and single family housing development and rehabilitation, neighborhood revitalization and business development, community infrastructure development, historic preservation and other areas related to housing and community development programs.

This entry level classification also involves gathering, reviewing, processing, monitoring, analyzing, and examining construction documents such as plans specifications, blue prints, construction budgets, change orders, notice of completion, environmental studies, geotechnical studies, and feasibility studies to ensure compliance with federal, state, and local laws, rules and regulations, as well as determining the risk for the state and the Department of Housing and Community Development (DHCD).

Employees in this classification do not supervise.

Employees in this classification receive close supervision from a CDA Lending and Risk Analyst or a CDA Lending and Risk Analyst Senior. 

The work may require travel throughout the State of Maryland to attend conferences, hearings, meetings, or site inspections.  

Positions in this classification are evaluated using the classification job evaluation methodology. The use of this method involves comparing the assigned duties and responsibilities of a position to the job criteria found in the Nature of Work and Examples of Work sections of the classification specification.  

The CDA Lending and Risk Analyst Junior I and CDA Lending and Risk Analyst Junior II classifications are differentiated on the basis of the degree of supervisory control exercised by the supervisor over these employees. The CDA Lending and Risk Analyst Junior I and II perform duties under close supervision. 

EXAMPLES OF WORK

Learns to perform documents review, processing, analyzing, examining, and or monitoring one or several DHCD, federal and state sponsored government programs. These programs include, but not limited to, single family mortgage lending, energy assistance, rental assistance, business lending, special loans, multifamily housing finance, housing rehabilitation, infrastructure and neighborhood revitalization.

Learns to interpret and analyze financial and or construction data concerning DHCD loan programs, grants, and/or assistance programs.

Learns to monitor the progress of CDA loans, rental assistance programs, energy assistance programs, or related grants for single family home projects, community revitalization, economic, commercial and infrastructure development and re-development programs, as well as multi-family housing projects through various stages of processing to determine compliance with DHCD guidelines, applicable Federal and State laws, rules, regulations, granting limitations and funding restrictions.

Learns to review program applications (loans, grants, rental assistance, and energy assistance) and pre-closing and closing documents for completeness and accuracy.

Learns to conduct site inspections pertaining to energy assistance, rental assistance, special loans, business lending, multifamily housing projects, single family housing projects (if applicable), housing rehabilitation, infrastructure and neighborhood revitalization projects. 

Learns to review final settlement documents to ensure compliance for settlement.

Learns to prepare and maintain detailed records regarding the status of loan issues, rental assistance issues, energy assistance issues, or grant issues and advises higher level CDA Lending and Risk Analysts or Manager of any problems that may delay the optimum operation of the program.

Learns to determine if all post-closing issues have been settled in order for funds to be disbursed.

Acts as liaison with program applicants, private lending institutions, stakeholders, and counterparts in other state federal or local agencies to explain DHCD and State program requirements.

Learns to adhere to DHCD guidelines, federal and state laws governing the lending industry and DHCD-CDA financing and assistance programs. 

May learn to perform other related duties.

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge of Federal and State Laws governing DHCD-CDA loans, energy assistance programs, CDA grants, rental assistance programs, as well as technical assistance programs for multifamily and single family housing development and rehabilitation, neighborhood revitalization and business development, community infrastructure development, historic preservation and other areas related to housing and community development programs.

Knowledge of Federal and State programs related to multifamily and single family housing development and rehabilitation, neighborhood revitalization and business development, community infrastructure development, historic preservation and other areas relevant to housing and community development.

Knowledge of the construction industry, its federal, state and local rules and regulations affecting DHCD-CDA housing development and rehabilitation programs.

Knowledge of application processing and closing rules, regulations, policies and procedures related to CDA loans, grants, rental assistance, and or energy assistance programs.

Skills in monitoring the progress of CDA loans, grants, rental assistance and or energy assistance programs.

Skills in monitoring the progress of single family and or multifamily housing development or rehabilitation, neighborhood revitalization and business development, community infrastructure development, and or historic preservation.

Ability to gather and verify financial and or construction information from applicants and or contractors to determine program compliance.

Ability to establish and maintain complete and accurate files of CDA loans, grants, rental assistance, and energy assistance applications through various stages of processing.

Ability to establish and maintain effective working relationships with program applicants,  financial institutions, bank underwriters, developers, property managers, agency grants managers, attorneys and other state, federal and or local authorities.

Ability to learn to use computerized financial analysis and modeling applications and software including, but not limited to, spreadsheet software and database applications.

Ability to learn financial analysis and reporting methods as they relate to applicant financial statements, cash flow, profits and loss statement, income statement, federal and state income tax statement, cost accounting, systems accounting, federal fund accounting, and grant and/or bond and loan accounting;

Ability to learn to prepare clear, accurate, and detailed reports.

Ability to effectively organize and manage work assignments and meet deadlines.

Ability to communicate effectively.

MINIMUM QUALIFICATIONS

Education: Graduation from an accredited high school or possession of a high school equivalency certificate.

Experience: Two years of experience in the private mortgage industry, federal or state government affordable housing lending and/or rental assistance programs, residential construction discipline or multifamily construction management providing technical assistance for development or rehabilitation of multifamily or single family housing; neighborhood revitalization and business development; community infrastructure development; or historic preservation programs.   

Notes:     

1. A Bachelor degree from an accredited college or university in the fields of finance, accounting, economics, business administration, architecture, or construction management may be substituted for the required experience.

Candidates may substitute U.S. Armed Forces military service experience as a non-commissioned officer in the Loan Specialist classification series or Loan Specialist specialty codes or as a non-commissioned officer in business and industry classification or business and industry specialty codes in the housing management field

ACKNOWLEDGEMENTS

This class specification is specific to the DHCD Lending and Risk Analysts group of positions. Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.

This is a Skilled Service classification in the State Personnel Management System. All positions in this classification are Skilled Service positions. Some positions in Skilled Service classifications may be designated Special Appointment in accordance with the State Personnel and Pensions Article, Section 6-405, Annotated Code of Maryland.

This classification is assigned to Bargaining Unit G, Engineering, Scientific and Administrative Professionals classes. As provided by the State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded from collective bargaining. Additionally, certain executive branch agencies are exempt from collective bargaining and all positions in those agencies are excluded from collective bargaining.  

Employees in this classification are eligible to receive overtime compensation. An employee who works more than the normal workweek is entitled to be compensated for that overtime as provided by State Personnel and Pensions Article, Section 8-305.  

This classification is one level in a Non-Competitive Promotion (NCP) series.  NCP promotions are promotions by which employees may advance in grade and class level from trainee to full performance level in a classification series.  In order to be non-competitively promoted to the next level in a NCP series, an employee must: 1) perform the main purpose of the class, as defined by the Nature of Work section of the class specification; 2) receive the type of supervision defined in the class specification and 3) meet the minimum qualifications of the classification.

Date Established

July 1, 2019

Approved By

Director, Division of Classification and Salary


CLASS: 003723; EST: 7/1/2019; REV: ;

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