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Position: Financial Analyst
Municipality:CHFA CT Housing Finance Authority
Close Date:3/15/2023

Financial Analyst 1


About the Connecticut Housing Finance Authority:

Connecticut Housing Finance Authority (“CHFA”) is a self-funded, quasi-public organization.  Its mission is to alleviate the shortage of housing for low-to moderate-income families and persons in the state of Connecticut (“State”) and, when appropriate, to promote or maintain the economic development of the State through employer-assisted housing efforts.

CHFA is a mission-driven leader in creating #affordablehousing opportunities for families and individuals in Connecticut.  We believe in the power of the diverse and inclusive communities we serve.  We provide a challenging, progressive, and supportive environment that encourages and promotes employee development.

We offer competitive salaries; tuition reimbursement; 457 deferred compensation, state sponsored pension plan, comprehensive health, dental, life, and disability plan, paid vacation, sick, and holidays, hybrid work schedule, ongoing training, career development and if qualified employee may be eligible for student loan forgiveness under Federal Loan assistance program.

About the Position:

The position is responsible to assist and work with team members from other divisions within Finance and with staff from different departments on various reporting projects to internal and external constituencies such as rating agencies, auditors, and regulatory entities. This position will research the Authority’s programs and offerings such as multifamily lending and single family loan purchases and formulate whether such programs and offerings are consistent with the bond cash flow assumptions and/or financial objectives. This position will assist the Manager in analyzing new financial undertakings by the Authority; participate in review of the financial feasibility, risks, along with costs and benefits. This position will have the opportunity to participate in bond issuance transactions, working with counterparties such as the quantitative consultant (cash flow provider), investment banks, legal counsel, developers and rating agencies.

SUPERVISION RECEIVED: Receives direction from the Manager 1, Financial Management or a position of a higher grade.

Position Summary

  • Implement data collection process, acquire data from primary and/or secondary data sources related to the Authority’s programs (single family and multifamily) and test and validate data for reasonableness.
  • Analyze and interpret data i.e., trends and patterns regarding the Authority’s book of business and compare results to bond cash flow assumptions and/or financial objectives.
  • Produce Financial and Financial Market Reports – prepare and compile periodic reporting packages for internal and external purposes and responsible for their distribution.
  • Reporting packages will encompass various financial, investment, and capital market activities of the Authority, regulatory reports (such as 15c2-12), surveillance of the investment portfolio, rating agency queries and periodic reports.
  • Assist Authority in Debt Management – support the division to manage bond structuring and flow of funds. Assist in the data gathering process to analyze financing structures with investment banks, cash flow provider, rating agencies and legal counsel.
  • Analyze legal documentation to identify risks to the Authority.
  • Assist Authority in Post Issuance Management – prepare, monitor and track monthly MBS payments and swap hedges. Assist in preparing bond redemption package in order to comply with the IRC. Monitor requirements stipulated by the bond covenants.
  • Participate in New Debt Structuring Projects – help research and analyze new and improved ways to generate financing and investments for the Authority to achieve its  mission.
  • Analyze Business Processes – participate in the analysis of current process to provide necessary recommendation for changes. Assist in any implementation, documentation, and monitoring of process changes.
  • Prepare ad-hoc analyses and additional duties as assigned.


BS/BA degree in finance, accounting, economics, or a related field; requires a minimum of three years’ of analytical work experience in finance, accounting or a related field or an equivalent combination of education and experience. Experience in lieu of education will be considered.

Other requirements:

Advanced excel skills (VLOOKUP, pivot tables and other complex functions). General understanding of data base systems. Effective and professional interpersonal/communication and verbal and written skills. Able to build relationships with internal and external partners. Detail oriented with strong analytical skills and organizational skills to manage multiple project deliverables required. Able to work independently and demonstrate initiative.


This is not an exclusive list of all job functions, and the employee is expected to complete all duties as assigned.  Duties and responsibilities may be added, deleted, or changed at any time at the discretion of management, formally or informally.  This job description in no way constitutes an employment contract or agreement.

Salary: $57,088 to $75, 263 (DOE)

To apply for this position, submit resume, and cover letter referencing the position for which you are applying, and complete the on-line application at https://www.chfa.org/careers

Applications will be opened until position filled.

CHFA is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, veterans, and persons with disabilities. 





We are an Equal Opportunity Employer.

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