Risk Assessors 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. Risk Assessors regularly 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.
The Risk Assessment Officer assists with the scoring of LIHTC, HTF, HOME and other rental development applications. This position conducts underwriting reviews corresponding to the following phases of development: Application; Carryover; Equity Closing; and the issuance of IRS Form 8609s. This position also prepares and obtains documents necessary to assist the Attorney General and Asset Manager with project changes, refinances, restructures and ownership changes. Risk Assessors 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. Duties include occasional travel. Other duties as assigned.
Knowledge, Skills & Abilities (KSAs):
Qualified candidates will be detail-oriented, organized individuals with demonstrated ability to:
Preferred candidates will have a Bachelor’s Degree or higher in a field related to finance, real estate, construction, government or related field plus five or more years of successful experience in a similar role in a bank, government, or affordable housing development, or some combination of similar experience and education.
Highest qualified candidates will have direct experience analyzing complex financial structures of affordable multifamily housing developments subsidized through the LIHTC Program and other multifamily financing vehicles such as private activity bonds, HOME, and NHTF in combination with private financing, and other public subsidies and loans.
The State of Arizona offers a comprehensive benefits package to include:
Vacation with 10 paid holidays per year
Health and dental insurance
Life insurance and long-term disability insurance
Optional employee benefits include short-term disability insurance, deferred compensation plans, and supplemental life insurance
For a complete list of benefits provided by The State of Arizona, please visit our benefits page
Participation in the Arizona State Retirement System (ASRS) is required. New hires may be subject to a 27 week waiting period for enrollment.
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