Finance Manager

Join Virginia Housing and help make a difference as a Finance Manager.

This important role assists with the acquisition of external capital as necessary to fund homeownership loan programs, including support in the issuance of tax-exempt and taxable securities and the securitization of loans.  It also plays a significant role in the design and development of new lending programs and improvement of existing lending programs.  The role analyzes the assets and liabilities of Virginia Housing and generates pro forma cash flow projections to ensure adequacy of capital and liquidity with respect to compliance with rating agency requirements for the desired ratings and on-going decision making. Such analysis and projections include the assessment of mortgage loan portfolios, including the amount and timing of financial loss. It also generates, updates and reviews arbitrage yield, rebate yield and Universal Cap compliance calculations to ensure on-going compliance with IRS Regulations and directs the transfer of assets among various funds and accounts to maximize net revenues, operational efficiencies and financial flexibility. The Finance Manager ensures compliance with the requirements of the various bond resolutions, particularly with respect to flow of funds, reserve funds, and asset composition and disposition. Generates on-going disclosure material.

Virginia Housing is one of the nation’s leading housing finance agencies. Our mission is to help Virginians attain quality, affordable housing, which we accomplish through our lending and grant programs.

We are focused on employee engagement and committed to a healthy and diverse workforce. We offer on-site conveniences such as a fitness center and free parking. Educational opportunities to help your advancement are available through classroom and online programs.

To be successful in this role you must possess:

• Bachelor’s degree in finance, economics, math, or relevant degree or equivalent, relevant work experience.
• Several years’ experience in mortgage finance or lending to include analysis of complex commercial transactions, managing legal risks, and negotiating agreements and financial instruments.
• Several years of experience in capital acquisition including the structuring, issuance and management of tax-exempt and taxable housing bonds and/or the securitization of loans, is highly desirable.
• Experience with pooling, trading and/or settlement of Agency Mortgage Backed Securities (MBS) is a plus.

• The ability to identify key financial, legal and other risks, and summarize key legal and business issues and alternatives for executive decisions.
• Excellent judgment concerning areas of responsibility and take ownership of assignments, activities, decisions and results.
• The knowledge and skills to research, interpret and implement regulatory requirements.
• The ability to effectively negotiate with internal and external parties, including investment bankers, bond counsel, underwriter’s counsel, rating agency analysts, investors, government officials, and mortgage brokers

Virginia Housing requires associates to live and work within the Commonwealth of Virginia.

Applications and resumes are accepted online only at http://www.virginiahousing.com/careers.

This position will close at midnight on June 11th.

Hiring Range: $122,839 - $159,689

A background and credit check will be performed as a condition of employment.

A Conflict of Interest Act Disclosure form and Secondary Employment Disclosure form will need to be completed as a condition of employment.

Internal applicants 

Mr-10 - Please review relevant HR policy under 'Employment Practices' on the Zone before applying. 

Apply through the Zone or at http://employees-virginiahousing.icims.com/.

-EOE-

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