State of Maryland

MANAGEMENT SERVICE       BARGAINING UNIT: M

A Housing and Community Development (HCD) Financial Analyst VI is the program expert 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 serve as technical program experts in advising staff, managers and executives in highly technical and complex financial mortgage packaging and analysis.  Employees in this classification may supervise subordinate HCD Financial Analysts, paraprofessional 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.  

Position allocation for program expert level employees is determined by standards based on position function and working level. These standards are on record in the Human Resources Office of DHCD.

Performs financial analysis, as program experts, 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;

Advises staff, managers and executives in highly technical and complex financial mortgage packaging and analysis; 

Performs financial calculations (including mortgage yield) to ensure compliance with U.S. 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;

May lead or supervise subordinate HCD Financial Analysts, paraprofessional fiscal and/or clerical support staff;

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 assign, review and approve the work of HCD Financial Analysts or to perform advanced level work and serve as skilled and technical experts in specific programs or operational areas.

Class Descriptions are broad descriptions covering groups of positions used by various State departments and agencies. Position descriptions maintained by the using department or agency specifically address the essential job functions of each position.

Class Descriptions provide information about the Nature of Work, Examples of Work, General Requirements and Acknowledgements.  The Required Knowledge, Skills, and Abilities; Minimum Education and Experience Requirements; Special Requirements; and recruitment and testing procedures are set by the using agency.  

This is a Management Service classification in the State Personnel Management System.  All positions in this classification are Management Service positions.   

This classification is not assigned to a bargaining unit, as indicated by the designation of S (Supervisor), M (Manager), T (Agency Head), U (Board or Commission Member), W (Student), X (Used by Agency or Excluded by Executive Order), or Z (Confidential).  As provided by State Personnel and Pensions Article, Section 3-102, special appointment, temporary, contractual, supervisory, managerial and confidential employees are excluded collective bargaining.  Additionally, certain executive branch agencies are exempt from collective bargaining and all positions in those agencies are excluded from collective bargaining.  

Director, Division of Classification and Salary