FINANCIAL PLANNING ANALYST - EXCLD - City of Chicago

Job Number:

JOB ANNOUNCEMENT

FINANCIAL PLANNING ANALYST – EXCLD

DEPARTMENT OF HOUSING

Bureau of Housing Development

Number of Positions: 1

(additional vacancies possible pending budget approval)

Starting Salary: $86,520.00

Applications for this position will be accepted until 11:59pm CST on 01/10/2025

Under direction, performs financial planning, underwriting, and financial analysis of requests for Low Income Housing Tax Credits, Community Development Block Grant (CDBG), HOME Investment Partnerships Program, and other sources of funding assistance for affordable housing developments

ESSENTIAL DUTIES

• Forms and manages relationships with development team, lending partners, public officials, Department of Planning and Development (DPD), City, and management staff, delegate agencies, community organizations, and other related parties, to successfully implement development programs and projects
• Processes applications for new construction, rehab projects, and preservation of existing projects and collects information to evaluate the feasibility of a development proposal; conducts a simple analysis of applications of loans, subsidies, and land sale in conformance with departmental, local, state, and federal program requirements, policies, and procedures
• Processes applications for complex financial structures and conducts financial analysis of subsidy requests, such as HOME or CDBG loans, low-income housing tax credits, Illinois affordable housing and historic tax credits, tax-exempt bonds, and Tax Increment Financing (TIF). Coordinates underwriting with all parties in conformance to applicable regulations and policies per DPD standards
• Prepares detailed written reports to summarize key elements of each development and demonstrate the result of the financial analysis as a means of justifying and funding recommendation; presents recommendations to TIF Task Force, internal, and external loan committees, Community Development Commission (CDC), and other panels as applicable
• Coordinates with City staff, developers, and other parties as needed to implement plans for land and building acquisition and disposition, site improvements, demolition, rights-of-way changes, environmental clearance, and other activities necessary for development projects
• Monitors and reports on the operational and financial performance of the portfolio relative to development proformas and benchmarks. Prepares operational and financial performance analyses, conducts research, and prepares narrative reports and proposals
• Assesses the properties long-tern financial suitability based on the review and analysis of audited financial statements and operational performance. Develops and implements turnaround plans as needed
• Contributes to property watch list process for troubled assets, and oversees necessary property modifications through to resolution
• Prepares PowerPoint and Word reports and presents proposals to Project Round Table, Design Review, and Executive Project Review meetings
• Completes all pertinent documents and data checks and notifies all involved parties in accordance with departmental procedures by established deadlines
• Presents projects in public forums professionally and knowledgeably

Additional duties may be required for this position

Location:         City Hall, 10^th Floor

Days:               Monday – Friday (occasional weekend hours will be required)

Hours:              8:30am – 4:30pm (occasional evening hours will be required)

THIS POSITION IS IN THE CAREER SERVICE

MINIMUM QUALIFICATIONS

• Graduation from an accredited college or university with a Bachelor’s degree in Finance, Business Administration, Accounting, or a directly related field, plus three (3) years of experience in financial analysis, OR
• Graduation from an accredited college or university with a Master’s degree in Finance, Business Administration, Accounting, or a directly related field, plus two (2) years of experience in financial analysis.

SELECTION REQUIREMENTS

This position requires applicants to complete an interview. The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position, will be selected.

Preference will be given to candidates possessing the following:

• Master’s degree in Finance, Urban Planning, Public Administration, or Business Administration
• Previous experience analyzing and evaluating the feasibility of commercial lending, economic development, and/or government funded financial proposals
• Previous project and/or program management experience
• Previous experience making public presentations to groups and/or organizations
• Previous experience reviewing pro forma and other project development budgets
• Proficiency working with Microsoft Word, Excel, Access, and PowerPoint

APPLICATION EVALUATION:Initial evaluation will be based on the information provided on the application and the documents submitted. Department of Human Resources staff will review applications after the final posting date. Staff will follow all required employment/hiring plan provisions, federal, state, and local laws, and collective bargaining agreements when applicable. Staff will apply hiring preferences as required by the municipal code. Placement on an eligibility list is not an offer or guarantee of an interview nor employment with the City of Chicago

COMMITMENT TO DIVERSITY:To further our commitment to hiring applicants with diverse experience, the City of Chicago has adopted ordinances 2-74-020 and 2-74-075. The ordinances provide a preference to applicants who meet the minimum qualifications and who are veterans of the Armed Forces of the United States, residents of Socio-Economically Disadvantaged Areas (SEDA), and/or Chicago Public School (CPS) high school graduates. These hiring preferences do not apply to bidders. For positions covered by a collective bargaining agreement, bidders will be considered before external candidates. The learn more about our hiring processesclick here.

ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.

The City of Chicago in an Equal Employment Opportunity and Military Friendly Employer.

The City of Chicago is committed to providing fair chance hiring and welcomes applicants with past convictions, recognizing the value of a diverse workforce and the potential for growth and positive change.

City of Chicago

Brandon Johnson, Mayor

Job Posting

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