**Working Title: Request for Action (RFA) Team Lead** **Job Class: Housing Program/Policy Specialist** **Agency: Housing Finance Agency** + **Job ID** : 87292 + **Location** : St. Paul + **Telework Eligible** : Yes, up to 50% of scheduled workdays. Teleworking employees are required to live in Minnesota or within 50 miles of the St. Paul office if in Wisconsin. + **Full/Part Time** : Full-Time + **Regular/Temporary** : Unlimited + **Who May Apply** : Open to all qualified job seekers + **Date Posted** : 07/03/2025 + **Closing Date** : 07/16/2025 + **Division/Unit** : MF-Preservation + **Work Shift/Work Hours** : Day Shift + **Days of Work** : Monday - Friday + **Travel Required** : No + **Salary Range:** $35.43 - $52.53 / hourly; $73,977 - $109,682 / annually + **Classified Status** : Classified + **Bargaining Unit/Union** : 214 - MAPE + **FLSA Status** : Nonexempt + Designated in Connect 700 Program for Applicants with Disabilities (https://mn.gov/mmb/careers/diverse-workforce/people-with-disabilities/connect700/) : Yes **The work you'll do is more than just a job.** At the State of Minnesota, employees play a critical role in developing policies, providing essential services, and working to improve the well-being and quality of life for all Minnesotans. The State of Minnesota is committed to equity and inclusion, and invests in employees by providing benefits, support resources, and training and development opportunities. **This position requires an employee to be onsite at 400 Wabasha Street North, St Paul, Minnesota at least 50% of the time, with some opportunity to perform work from a telework location.** + Telework (https://mn.gov/mmb-stat/policies/1422-telework-2025.pdf) is available on a limited basis. + Only candidates residing in Minnesota or a state bordering Minnesota (Iowa, North Dakota, South Dakota, or Wisconsin) within 50 miles of the work address listed above are eligible for telework. + Candidates residing in Minnesota and more than 50 miles from the primary/principal work address above may be eligible to telework more than 50%. + Candidates residing 50 miles or more from the primary/principal work address in a state bordering Minnesota (Iowa, North Dakota, South Dakota, or Wisconsin) are not eligible to be hired, unless planning to relocate within 50 miles of the work location. Minnesota Housing is hiring! We're a mission-focused financial institution looking for a RFA Team Lead/Underwriter candidate to be part of a team of three staff who review all the Requests for Action and loan servicing requests to Minnesota Housing. The team manages a high volume of work on a year-round basis. RFAs include changes in ownership, assumptions, subordinations, debt modifications and workouts of Agency loans on existing multifamily projects. This position will make and present recommendations to internal committees for approval, and occasionally present to the Board of Directors. **Essential Job Duties** + Review and process Requests for Action (RFAs) and loan servicing requests, which involve the review of Agency loan documents. + Assign RFA submissions to team members for processing. Mentor and guide other team members in reviewing RFAs. + Collect and analyze submitted due diligence for complex RFAs. This involves working with external customers and funders to obtain information and answer questions, as well as with other Agency staff across the division (e.g. supportive housing, asset management, legal, closing). + Lead negotiations with current borrowers, property purchasers and other funders to determine the best solution that balances mission, business needs, and RFA considerations. + Underwrite complex RFA requests -- assess financial feasibility and possibility of repayment, scenario analysis and sensitivity analysis. + Write and present clear recommendations on complex RFAs to Agency committees and occasionally to the Board of Directors. + Perform other duties as assigned. **Minimum Qualifications** **To be qualified for and considered for this position, applicants must meet all of the minimum qualifications listed below. Ensure that your resume contains descriptions of your work experiences sufficient for comparison against the requirements stated below and indicate the beginning and ending month and year for each job held.** **Only applicants whose resumes clearly demonstrate fulfillment of each of these minimum qualifications will be considered for this position.** + **Four (4) years of professional level experience in affordable housing including multifamily underwriting, loan origination, credit analysis, program administration or closely related work. Affordable *multifamily real estate development or project management experience is also acceptable.** + **A Bachelor's degree in Business Administration, Finance, Accounting, Housing, Real Estate, Community Development/Planning, or a related field may substitute for one (1) year of professional experience;** **OR** + **Master's degree in Business Administration, Finance, Accounting, Housing, Real Estate, Community Development/Planning, or a related field may substitute for eighteen (18) months.** *** For this role, multifamily generally means rental properties containing more than 12 units. Single family lending experience or mortgage banking experience is insufficient.** **In addition to the qualifications listed above, the following is also required:** + **Demonstrated knowledge of multifamily financing structures and funding sources (such as governmental or bank financing, bond financing and Low-Income Housing Tax Credits).** + **Demonstrated ability to analyze underwriting proposals with the most complex financial deal structures.** + **Interpersonal skills to develop strong collaborations as well as manage internal and external relationships.** + **Ability to negotiate legal agreements and business points with developers and other funders.** + **Ability to master details of multiple projects, while managing multiple projects strategically.** + **Demonstrated organizational, time management, interpersonal skills and dependability.** + **Cultural competency as demonstrated by skills for communication and interaction across cultures and awareness of one's own world view and that different world views exist.** **Preferred Qualifications** + Experience with one or more of the following federal and state affordable housing funding resources: federal Low-income Housing Tax Credit (LIHTC); HUD Risk-share first mortgage program; federal HOME & National Housing Trust Fund programs; and state funding programs that may include the Economic Development Housing Challenge (EDHC) loan program, Preservation Affordable Rental Investment Fund (PARIF) loan program, and/or Housing Infrastructure Bonds (HIBs). + Our employees are dedicated to ensuring cultural responsiveness. Preferred candidates will have a variety of experiences working effectively with others from different backgrounds and cultures. + Master's degree in Business Administration, Finance, Accounting, Housing, Real Estate, or Community Development/Planning AND two (2) years of demonstrated experience in multifamily underwriting, multifamily loan servicing or affordable housing finance or program experience or closely related work. For this role, single family lending experience or mortgage banking experience is insufficient. **Physical Requirements** Requires moving office items such as file folders and small office tools. A certain amount of walking and standing is often necessary in carrying out job duties. **Additional Requirements** This position requires successful completion of the following: + Reference Checks. + Job related background checks. + Conflict of Interest Disclosure. AN EQUAL OPPORTUNITY EMPLOYER Minnesota State Colleges and Universities is an Equal Opportunity employer/educator committed to the principles of diversity. We prohibit discrimination against qualified individuals based on their race, sex, color, creed, religion, age, national origin, disability, protected veteran status, marital status, status with regard to public assistance, sexual orientation, gender identity, gender expression, or membership in a local commission as defined by law. As an affirmative action employer, we actively seek and encourage applications from women, minorities, persons with disabilities, and individuals with protected veteran status. Reasonable accommodations will be made to all qualified applicants with disabilities. If you are an individual with a disability who needs assistance or cannot access the online job application system, please contact the job information line at 651-259-3637 or email careers@state.mn.us . Please indicate what assistance is needed.