• Bond Analyst I

    New Jersey Housing and Mortgage Finance Agency (Trenton, NJ)


    Bond Analyst I

     

    Location Trenton, NJ

     

    Job Code 764

    NOTICE OF VACANCY

    THE EXECUTIVE DIRECTOR OF THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY INVITES APPLICATIONS FROM QUALIFIED CANDIDATES FOR THE FOLLOWING:

    Job Title: Bond Analyst I

    Salary Range: Range 11 ($64,893.01 - $91,324.23)

     

    Division: Capital Markets / Bond Compliance Reporting

     

    FL Status: Exempt

     

    Issue Date: 2/19/25

     

    Closing Date: 6/21/25

     

    Union Status: Professional Bargaining Unit, Exempt

     

    Employment Status: Full time

    JOB DESCRIPTION

    Under supervision of the Assistant Director, provide support in the administration and monitoring of the Agency's Single Family Mortgage Backed Securities (MBS) program, including: serve as designated back-up responsible for administration of interest rate risk related to pipeline of mortgage loans eligible for sale to GSEs; assist in daily monitoring of the MBS market to ensure loans are hedged in accordance with Agency's risk management policy; maintain the secondary marketing and risk management system; interact effectively with the Single Family division regarding confirmation of loans in the loan origination system, ensuring pipeline integrity of reserved loans; assist supervisor in dealings with broker/dealer trading desks, Ginnie Mae, Freddie Mac, and other external parties; assist in funding of loans and trade settlement. Gather Single Family information needed for division's response to all due diligence inquires. Assist in preparation of all RFPs and RFAs related to Single Family program funding (MRB & MBS). Participate in all Single-Family bond working group meetings and assist division on all Single-Family bond financing. Assist in preparation of presentations to external entities. Complete special projects and analyses, as needed.

    MINIMUM REQUIREMENTS

    Education / Experience:

    Four (4) year college degree from an accredited college or university; four (4) years of relevant experience; or an equivalent combination of education and experience that meets the required knowledge, skills and abilities.

    Skills:

    + Knowledge of HMFA statute, regulations, and underwriting criteria.

    + Knowledge of financial markets and bond financing mechanisms.

    + Knowledge of Federal and State statutes governing lending and credit practices.

    + Knowledge of research methods.

    + Ability to pay close attention to detail with a high degree of accuracy.

    + Ability to contribute to and interpret financial statements.

    + Ability to communicate effectively, both orally and in writing and to listen actively.

    + Ability to establish effective working relationships with HMFA employees and the general public.

    + Ability to prepare accurate, concise, and informative reports.

    + Ability to analyze information and make appropriate recommendations.

    + Ability to organize and accomplish multiple assignments simultaneously.

    + Ability to maintain a positive work atmosphere in an appropriate manner of behavior that ensures cooperation and effective communication with customers, clients, peers and management.

    + Ability to manage and meet deadlines.

    + Must be proficient in spreadsheet and presentation applications. (MS Excel & MS PowerPoint)

    + Good understanding of the MBS secondary market for residential mortgage loan products.

    + Ample knowledge of the financial markets as they relate to hedging a mortgage pipeline through the sale of MBS.

     

    Physical Demands: Non-physical

     

    Working Conditions: General office environment

    BENEFITS

    NJHMFA provides a comprehensive benefit package which includes:

    - Medical, prescription, dental, vision & long term disability

    - FSA & HSA

    - Public Service Loan Forgiveness and Tuition Reimbursement

     

    - Public Employees' Retirement System (PERS)

     

    - Deferred compensation plans

     

    - Employee assistance services (EAS)

     

    - State employee discounts program

     

    - Paid personal, sick and vacation days

     

    - Paid holidays

     

    - Partial Telework

     

    Residency in the State of New Jersey is required of all employees with an agency of the State in accordance with the New Jersey First Act, N.J.S.A. 52:14-7 (L. 2011, Chapter 70). Employees must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011 to reside in New Jersey. Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.

     

    The NJHMFA is an Equal Opportunity Employer in compliance with all Federal, State and Local Regulations. NJHMFA provides equal employment opportunity to both individuals with veteran status and individuals with disabilities.

     

    Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.

     

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