The Finance Program Coordinator is responsible for overseeing mortgage loan underwriting. This position is governed by state and federal laws and agency/institution policy.
Supervises a small professional staff by assigning and reviewing work, resolving work problems, training employees, and evaluating the performance of incumbents. Examines a wide variety of mortgage loan documents for compliance with Development Authority rules and Internal Revenue Service regulations. Prepares correspondence to lenders, to obtain additional information or documentation or to correct discrepancies in documents furnished, and issues compliance certificates. Reviews closing documents, prepares set-up sheets, and keys information into data base. Provides assistance in the implementation of new housing programs by revising documents, preparing surveys and other documents, setting up and conducting training workshops for lenders, reviewing documents submitted by lenders for prior approval, including appraisals, buyer income, survey exceptions, and a variety of other information. Attends workshops and conventions as agency representative and assists with mass mail-outs as necessary. Performs other duties as assigned.
Special Job Dimensions
Knowledge, Abilities, and Skills
Knowledge of supervisory practices and procedures. Knowledge of mortgage lending practices including loan processing, underwriting, closing, and servicing. Knowledge of the principles and practices of bookkeeping/accounting. Knowledge of the operation and function of standard office equipment including calculators and data entry devices. Ability to plan, organize, and oversee the work of subordinates. Ability to interpret and apply laws, rules, and policies governing loan programs. Ability to evaluate the eligibility of mortgage loans for various loan guarantee programs. Ability to coordinate the processing of mortgage loans with lenders by providing information and training on new and existing program guidelines and procedures.
Minimum Education and/or Experience
The formal education equivalent of a bachelor’s degree in accounting, real estate, finance and banking, or a related field; plus two years of experience in bookkeeping or an administrative support function related to mortgage loan origination, processing, closing, underwriting, servicing, or a related field. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.
Four or more years accounting experience including preparation or review of financial statements.
Four or more years of experience with water or wastewater utility finances.
Four or more years of experience working with recipients or sub-recipients of federal grants on complying with federal regulations.
Certificates, Licenses, Registrations
Agency Specific Information
All candidates must complete the State of Arkansas application to be considered for employment. If a resume is submitted without an application, you will not be considered for employment.