State of Maryland

SKILLED SERVICE          BARGAINING UNIT: S

A Housing and Community Development (HCD) Financial Analyst Supervisor is the supervisory level of work examining, analyzing, and interpreting financial data for the Department of Housing and Community Development (DHCD).  Employees perform financial analysis of one or several HCD programs including but not limited to state funded loan portfolio, multi-billion-dollar Community Development Administration (CDA) mortgage loan portfolio (financed with revenue bond proceeds), bond and loan accounting, cost accounting, federal fund accounting, grant accounting, systems accounting, State budget process, or general accounting.  Employees in this classification supervise lower-level HCD Financial Analysts and related fiscal and/or clerical support staff.          

Employees in this classification receive general supervision from a HCD Financial Analyst Manager or designated administrator.  The work may require travel throughout the State of Maryland to attend conferences, hearings, or meetings.  

Positions in this classification are evaluated by 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 HCD Financial Analyst Supervisor is differentiated from the HCD Financial Analyst V in that the HCD Financial Analyst Supervisor has supervisory responsibility for lower-level HCD Financial Analysts while the HCD Financial Analyst V serves as skilled and technical experts in specific programs or operational areas or assigns, reviews and approves the work of and trains lower-level HCD Financial Analysts.  The HCD Financial Analyst Supervisor is differentiated from the HCD Financial Analyst VI in that the HCD Financial Analyst VI function as program experts in advising staff, managers and executives in highly technical and complex financial mortgage packaging and analysis.  The HCD Financial Analyst Supervisor is differentiated from the HCD Financial Manager I-IV in that the HCD Financial Manager I-IV have supervisory responsibility for HCD Financial Analyst Supervisors and subordinate HCD Financial Analysts.

Plans, coordinates, supervises and evaluates the work of HCD Financial Analysts and related fiscal or support staff;

Develops and implements training programs for HCD Financial Analyst staff;

Performs financial analysis of one or several HCD programs including but not limited to State funded loan portfolio, multi-billion-dollar Community Development Administration (CDA) mortgage loan portfolio (financed with revenue bond, mortgage-backed security proceeds or other capital market debt instrument), bond and loan accounting, cost accounting, federal fund accounting, grant accounting, systems accounting, State budget process, or general accounting;

Performs financial calculations (including mortgage yield) to ensure compliance with Securities Exchange Commission (SEC) and Internal Revenue Service (IRS) regulations;

Performs debt optimization functions, debt and asset portfolio analysis, data analysis for accounting systems, calculations of cash flow, requests for the drawdown of funds, and other related analyses and calculations including the forward-traded mortgage-backed securities (MBS) program to meet agency goals and standards, and maintains compliance with State and federal legislation, rules, regulations and policies;

Prepares financial records, reports, and statements for use by management, credit reporting agencies, and internal/external auditors and stakeholders;

Performs cost reviews, account system changes, federal fund distributions, and/or revisions to bond and loan records for inclusion in the general accounting system;

Reconciles federal fund allocations to internal and external data systems;

Monitors the disbursement of funds to ensure compliance with State and federal legislation, rules, regulations, and policies;

Establishes and maintains analytical records for bonds, loans, interest rate payments, and amortization methods;

Meets with agency management personnel and program managers to discuss and resolve accounting, budget, grant or other fiscal problems and issues;

Performs other related duties.  

Knowledge of structured financial products, real estate finance, investments, mortgage-backed securities, loan amortization and servicing, fixed and variable rate debt securities, and financial hedging tools;    

Knowledge of financial transactional structuring, fiscal control reporting, and commercial loan servicing;

Knowledge of cost, systems, federal fund, grant and/or bond and loan accounting; Knowledge of Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), fiscal control reporting, commercial accounting systems and State/federal reporting requirements;

Skill in preparing, analyzing, and interpreting complex financial reports and statements;

Skill in using computerized financial analysis and modeling applications and software including but not limited to spreadsheet software and database applications;

Skill in financial analysis and reporting methods as they relate to cost accounting, systems accounting, federal fund accounting, grant and/or bond and loan accounting;

Skill in the preparation of clear, accurate and detailed reports;

Ability to interpret and apply State and federal laws, policies, rules, and regulations pertaining to HCD financial and budgeting operations;

Ability to establish and maintain professional working relationships with customers, employees, supervisory and management staff, personnel from other agencies and institutions, and the general public;

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

Ability to communicate effectively;

Ability to plan, coordinate, supervise and evaluate the work of HCD Financial Analysts and related fiscal/clerical support positions.

Education:    A Bachelor’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university.  

Experience:  Six years of professional financial analysis experience, such as managing financial assets and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles.  

Notes:    

1.  A Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination may be substituted for the educational requirement.

2.  A Master’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university may be substituted for two years of the required experience.                  

3.  Candidates may substitute one year of professional financial analysis experience, such as managing financial assets and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles for 30 credits on a year-for-year basis for the required education.       

4.  Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the accounting field of work on a year-for-year basis for the required education and experience.  

Director, Division of Classification and Salary