RISK ASSESSMENT OFFICER

| ARIZONA DEPARTMENT OF HOUSING *Housing is the foundation for success. We lead and collaborate with our community partners to create, preserve and invest in affordable housing. We protect housing consumers and revitalize communities to make Arizona the best place to live.* | | --- | ### **RISK ASSESSMENT OFFICER** | Job Location: | | --- | #### Address: 1110 W. Washington Street, Suite 280, Phoenix, Arizona 85007 This position may offer the ability to work remotely, in Arizona, to include in-office hoteling, based on the department’s business needs and continual meeting of expected performance measures. Must have the ability to commute and utilize our Phoenix office hoteling space as needed. | Posting Details: | | --- | #### Salary: $60,000 - $80,000 #### Grade: 22 **Salary determined by experience.** #### Position will remain open until business needs are met. | Job Summary: | | --- | This position will analyze rental development proposals to determine their financial feasibility and the extent to which they require financing. This position will analyze rental proposals using ADOH’s financial spreadsheet model (for cash flow, gap analysis) and by reviewing development budgets, operating proformas, partnership agreements, appraisals, market demand studies, capital needs assessments, equity commitments, private financing, and developer capacity. Other duties as assigned. This position may offer the ability to work remotely, in Arizona, to include in-office hoteling, based on the department’s business needs and continual meeting of expected performance measures. Must have the ability to commute and utilize our Phoenix office hoteling space as needed. *The State of Arizona strives for a work culture that affords employees flexibility, autonomy, and trust. Across our many agencies, boards, and commissions, many State employees participate in the State’s Remote Work Program and are able to work remotely in their homes, in offices, and in hoteling spaces. All work, including remote work, shall be performed within Arizona.* | Job Duties: | | --- | This position will analyze rental development proposals to determine their financial feasibility and the extent to which they require financing. The Arizona Department of Housing (ADOH) allocates Low Income Housing Tax Credits (LIHTC), State Tax Credits (STC) and loans HOME Investment Partnership Program (HOME), National Housing Trust Fund (NHTF) and State Housing Trust Fund (HTF) monies through its Rental Development division. Responsibilities include: • Analyze rental proposals using ADOH’s financial spreadsheet model (for cash flow, gap analysis) and by reviewing development budgets, operating proformas, partnership agreements, appraisals, market demand studies, capital needs assessments, equity commitments, private financing, and developer capacity. • Provide written and verbal analyses to the Rental Programs Administrator and work as part of the Rental Development team to determine which projects will receive funding awards. • Assist with the scoring of LIHTC, HTF, HOME and other rental development applications. • Conduct underwriting reviews corresponding to the following phases of development: Application; Carryover; Equity Closing; and the issuance of IRS Form 8609s. • Prepare and obtain documents necessary to assist the Attorney General and Asset Manager with project changes, refinances, restructures and ownership changes. • Conduct other Rental Development division duties such as assisting with LIHTC Workshops, meeting with developers, providing input into the Qualified Allocation Plan, updating policy documents and conducting research for special studies. • Occasional travel is required. • Other duties as assigned. This position may offer the ability to work remotely, in Arizona, to include in-office hoteling, based on the department’s business needs and continual meeting of expected performance measures. Must have the ability to commute and utilize our Phoenix office hoteling…