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City of Los Angeles~金融開發職員~FINANCIAL DEVELOPMENT OFFICER

5/24/2018 4:42:15 PM 693

FINANCIAL DEVELOPMENT OFFICER;


Salary;
$87,654 to $128,140 and $94,064 to $137,515;
Class Code;
1571;

DUTIES


 
NOTES:
 
  1. Candidates from the eligible list are normally appointed to vacancies in the lower pay grade positions.
  2. Annual salary is at the start of the pay range. The current salary range is subject to change. Please confirm the starting salary with the hiring department before accepting a job offer.
  3. For information regarding reciprocity between City of Los Angeles departments and LADWP, go to: http://per.lacity.org/Reciprocity_CityDepts_and_DWP.pdf.
 
DUTIES
 
A Financial Development Officer develops, secures, analyzes, and recommends financing for the development and preservation of affordable housing projects, including acquisition, new construction, rehabilitation, recapitalization and refinancing; reviews and monitors the loan development process and project operations processes; manages a loan portfolio, including resolving delinquencies, supervising or conducting collections and write-offs; provides project management expertise and technical assistance in negotiating the financing of housing projects; recommends housing policies and programs; develops and reviews contracts for approval by department management; applies sound supervisory principles and techniques in building and maintaining an effective work force; fulfills equal employment opportunity responsibilities; and does related work.
Based on previous administration - 2017

PREVIOUS REQUIREMENT(S)/MINIMUM QUALIFICATION(S)

  1. Graduation from an accredited four-year college or university and
  1. Three years of full-time paid professional experience in real estate development financing, including analyzing, reviewing, and formulating recommendations regarding construction financing or complex real estate financing, or
  2. Three years of full-time paid professional experience in developing or implementing financing programs, including analyzing and evaluating financing data related to loan programs; or
  1. Two years of full-time paid professional experience with the City of Los Angeles in a class at the level of Management Analyst that provides the type of experience specified in Requirement 1.
 
PROCESS NOTES
 
  1. Applicants lacking six months of the required experience may file for this examination.  However, they cannot be appointed until the full experience requirement is met.
  2. A valid California driver's license is required.  Applicants will be disqualified and not eligible for hire if their record within the last 36 months reflects three or more moving violations and/or at-fault accidents, or a conviction of a major moving violation (such as DUI).
  3. Employees of this class are required to conduct performance-based monitoring of loans, which necessitates travel to various locations within Los Angeles. Financial Development Officers shall provide their own efficient transportation for the performance of these duties. Mileage will be paid according to established rules.
  4. One year of the experience specified in Requirements #1 and #2 must have been in a property development, property improvement or an urban improvement   program.  Experience with federal and state housing financing programs and knowledge of tax credit syndication is highly desired.
  5. For qualifying work experience gained outside of the City of Los Angeles, the term "professional experience" applies to positions that required possession of a degree from an accredited four-year college or university in order to obtain that position.  Therefore, to be considered "professional," non-City qualifying experience must be gained in positions after obtaining a four-year degree.
  6. Please note that qualifying education must be from a college or university accredited by a City of Los Angeles recognized agency. A list of approved accrediting agencies can be found at http://per.lacity.org/Accredited%20Institutions%2008-21-08.pdf.
  7. Candidates completing the examination process will be contacted by the Personnel Department to provide required proof of qualifying degree. 
Based on previous administration - 2017

PREVIOUS APPLICATION PROCESS

Applications will only be accepted online. When you are viewing the online job bulletin of your choice, simply scroll to the top of the page and select the "Apply" icon. Online job bulletins are also available at https://www.governmentjobs.com/careers/lacity for Open Competitive Examinations and at https://www.governmentjobs.com/careers/lacity/promotionaljobs for Promotional Examinations.
 
NOTE:
 
Applicants are urged to apply early to ensure you have time to resolve any technical issues you may encounter.
 

APPLICATION DEADLINE
 
Applications must be received by THURSDAY, NOVEMBER 9, 2017.
 
In accordance with Civil Service Rule 4.2, all applicants who apply may not be tested in this examination. To meet anticipated hiring needs, only a limited number of qualified applicants will be invited to participate in the interview in the following order: 1) Los Angeles City Promotional applicants who meet the minimum requirements. You must have received a regular appointment to a City position or be on a reserve list to apply for this examination as a promotional candidate; 2) Applicants currently employed by the City of Los Angeles on a part-time or exempt basis who meet the minimum requirements; 3) Remaining applicants who meet the minimum requirements in sufficient numbers to meet hiring needs in the order that applications were received. Applications submitted during the filing period will be kept on file for two years from October 20, 2017 in the event that additional applicants need to be tested to meet hiring needs.

Based on previous administration - 2017

PREVIOUS SELECTION PROCESS

After meeting minimum qualifications, and in accordance with Rule 4.2 as stated above, candidates will be scheduled for the following:

 

Examination Weights: Written . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50%

                                       Essay . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advisory

                                       Interview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50%

 

The examination will consist of a weighted written test and an interview. The written test will consist of multiple-choice questions. In the multiple-choice written test, the following competencies may be evaluated: Mathematics including knowledge of: basic arithmetic including addition, subtraction, multiplication, and division in order to compute percentages and financial calculations; and Industry Knowledge including knowledge of: the affordable housing development financing components including tax credits and sources of funding; affordable housing asset management and compliance including affirmative marketing and residual receipts analysis; the conventional financing process including verifications, underwriting, and appraisals; major Federal and State affordable housing lending programs such as the Low Income Housing Tax Credits and HOME Investment Partnerships Program (HOME) including program requirements and regulations; the basic components of a promissory note, deed of trust, and loan agreement; financial documents such as audited financial statements and affordability covenants; financing requirements for the rehabilitation of affordable housing including capital needs assessments and recapitalization requirements; mathematical concepts related to real estate financing such as amortization, cash flow, and loan to value ratio; and other necessary skills, knowledge, and abilities.

 

In the interview, the following competencies may be evaluated: Analytical Ability, Self Management, Interpersonal Skills, Credibility, Written Communication, Mathematics including knowledge of: the uses and capabilities of computer based financial analysis tools such as spreadsheet database and software, including Microsoft Excel, and basic financial calculators; and Industry Knowledge including knowledge of: the affordable housing development financing components including tax credits and sources of funding; affordable housing asset management and compliance including affirmative marketing and residual receipts analysis; the conventional financing process including verifications, underwriting, and appraisals; major Federal and State affordable housing lending programs such as the Low Income Housing Tax Credits and HOME Investment Partnerships Program (HOME) including program requirements and regulations; the basic components of a promissory note, deed of trust, and loan agreement; financial documents such as audited financial statements and affordability covenants; financing requirements for the rehabilitation of affordable housing including capital needs assessments and recapitalization requirements; mathematical concepts related to real estate financing such as amortization, cash flow, and loan to value ratio; and other necessary skills, knowledge, and abilities.

 

At the time of the interview, candidates will be required to prepare some written material related to the duties and responsibilities of a Financial Development Officer. This essay material will not be separately scored, but will be presented to the interview board for discussion with the candidate and for consideration in the overall evaluation of the candidate. Candidates who fail to complete the advisory essay will be disqualified. Candidates may anticipate that PCs (personal computers) will be made available to type their advisory essay responses.

 

Additional information can be obtained by going to http://per.lacity.org/index.cfm?content=jobanalyses  and clicking on Competencies under Financial Development Officer.

 

Candidates will be notified by e-mail of the time and location of the weighted written test, which will be administered in a single, half-day session on SATURDAY, DECEMBER 16, 2017 in Los Angeles.

 

NOTES:

COMPETENCIES

COMPETENCY MODEL FOR
FINANCIAL DEVELOPMENT OFFICER (1571)
 
The following competencies have been identified as those that best separate superior from satisfactory job performance in the class of FINANCIAL DEVELOPMENT OFFICER. (Numbers refers to the order of the competencies in the Competency Bank.)
 
2. Mathematics
4. Analytical Ability 
7. Self Management
33. Interpersonal Skills
40. Credibility
47. Written Communication
53. Leadership
58. Industry Knowledge
 
On the following pages are descriptions of each competency, including a definition, the level of the competency required for the class (italicized, bolded, and underlined), examples of behavioral indicators, and satisfactory and superior performance levels.


 
2. MATHEMATICS – Performs arithmetic or higher-level mathematical computations
                                  accurately.

Level of Competency Required by Job:
 
Level 1: Perform arithmetic computations (add, subtract, multiply, divide, ratios, percentages).
 
Level 2: Use algebra (substitute numbers for letters in a formula), geometry (angles, distances, area), and/or descriptive statistics (mean/median/mode, standard deviation, range).
 
Level 3: Apply and interpret calculus, inferential statistics (t-tests, correlations, ANOVA, multiple regression) or other very high level mathematics.
 
Examples of Behavioral Indicators:
  • Quickly and accurately performs arithmetic computations.
  • Appropriately selects and applies formulas for stated purpose.
  • Correctly identifies an appropriate analysis for a specific purpose and selects the appropriate computer program for computation.
  • Accurately interprets and presents results of mathematical/statistical computations.

Performance Levels:
 
Satisfactory
 
Knows mathematical requirements of the job and performs them correctly.  Verifies work to ensure accuracy.
 
Superior
 
Identifies additional opportunities for the application of mathematics in work.  Answers questions/trains others to assist them in their use of mathematics.
 
Mathematics Areas
  1. Knowledge of basic arithmetic including addition, subtraction, multiplication, and division in order to compute percentages and financial calculations such as operating income, loan to value ratio, debt to income ratio, net present value, and rate of return. 
  2. Knowledge of the uses and capabilities of computer based financial analysis tools such as spreadsheet database and software, including Microsoft Excel, and basic financial calculators sufficient to perform financial calculations including financial valuations and projections.


4. ANALYTICAL ABILITY – Identifies, obtains, and evaluates relevant information 
                                              to establish relationships or patterns, cite causes, and 
                                              reach logical conclusions.
 
Level of Competency Required by Job:
 
Level 1: Recognize similarities/differences in current situation to those previously encountered and is guided accordingly.  Apply existing policies correctly.  Ask pertinent questions or otherwise seek additional information to formulate appropriate response.
 
Level 2: Consider multiple, varied factors when evaluating a situation or issue.  Seek additional information to provide further insight.  Reach conclusions that logically follow from the information obtained.
 
Level 3: Consider a multitude of diverse factors, their interrelationships, the perspectives of others, alternative courses of action and their likely ramifications when evaluating information to reach a conclusion.
 
Examples of Behavioral Indicators:
  • Obtains the necessary amount of relevant information.
  • Recognizes the impact of each type of information on conclusions.
  • Evaluates the quality/source of information when considering it.
  • States the shortcomings of the information and, therefore, the analysis. 
 
Performance Levels:
 
Satisfactory
 
Recognizes available relevant information, seeks additional information to consider, and reaches a conclusion. Provides sound, convincing justification for conclusions, citing relevant data and facts.
 
Superior
 
Uses a great deal of existing and obtained information and data to develop and evaluate alternatives and arrive at a final conclusion.  Provides compelling arguments in support of conclusions. 


 
7. SELF MANAGEMENT – Organizes and plans for task accomplishment; manages 
       time and works diligently to complete assigned 
       work/fulfill responsibilities.
 
Level of Competency Required by Job:
 
Level 1: Order tasks for efficient performance; maintain awareness of time allotted and deadlines in order to ensure they are met. 
 
Level 2: Plan and perform work in a way that maximizes efficient performance; establish and adjust priorities to ensure timely completion of most critical assignments.
 
Level 3: Allot time to responsibilities proportional to their prominence, priority, and impact. 
 
Examples of Behavioral Indicators:
  • Performs only work activities during work hours. 
  • Alters means of performing work when original approach proves to waste time.
  • Keeps a "to do" list (with indication of priority and deadlines, if necessary).
  • Requests assistance as necessary when it becomes clear that work will not be completed on time.
  • Demonstrates a record of progress with respect to all assignments/ responsibilities.
  • Uses optimal means of communication for efficiency and effectiveness.

Performance Levels:
 
Satisfactory
 
Conducts self while at work in a manner that ensures work will be completed as scheduled, or provides explanation or secures assistance or adjustment of schedule if it will not be.
 
Superior
 
Seeks efficiencies in doing work to maximize productivity. Plans work carefully and follows the plan or makes adjustments if it is disrupted.  Maintains personal responsibility for all work accomplishment.
of setting a precedent. 
 

 
33. INTERPERSONAL SKILLS – Interacts effectively and courteously with others.
 
Level of Competency Required by Job:
 
Level 1: Interact with members of the workgroup, supervision, and/or the public in a cordial, service-oriented manner.
 
Level 2: Interact across department lines and with appointed City officials, and/or members of the public, at times under adversarial circumstances, in a cordial, respectful manner.
 
Level 3: Interact with appointed and elected City officials, department heads, representatives of external organizations, and/or the media in a cordial, effective manner.
 
Examples of Behavioral Indicators:
  • Works well with others toward mutual objectives.
  • Does not arouse hostility in others.
  • "Disagrees without being disagreeable."
  • Elicits acceptance/cooperation from others.
  • Affords all individuals respect, regardless of their role or status.
  • Effectively addresses concerns of politicians or others who may have their "own agenda."

Performance Levels:
 
Satisfactory
 
Behaves in a courteous, respectful, cooperative manner toward co-workers, other City employees, and members of the public.
 
Superior
 
Facilitates positive interpersonal relations within/among workgroups and toward members of the public.  Adept at finding similarities and grounds for cooperation/mutual benefit.
 
 
 
40. CREDIBILITY – Is truthful and sincere; objectively and clearly provides all 
                                 pertinent information rather than being vague, omitting negative 
                                 information or only stating what listeners "want to hear."
 
Level of Competency Required by Job:
 
Level 1: Freely and openly share accurate job-related information with co-workers.
 
Level 2: Provide complete, accurate information to other City employees and members of the public.
 
Level 3: Represent department to the Mayors' Office, City Council, City Commissions, and/or department heads, and/or to external organizations, professional associations, and/or the media. 
 
Examples of Behavioral Indicators:
  • Admits mistakes.
  • Information provided is consistent (not contradictory or stating different things to different people).
  • Answers questions directly and thoroughly. 
  • Shares credit for achievements.
  • Acts in the best interest of the organization, not self interest.

Performance Levels:
 
Satisfactory
 
"Tells the complete story" from the onset. Is forthcoming with full information when questioned. Statements are consistent.  Readily admits mistakes and gives credit to others.
 
Superior
 
Information provided is complete and accurate, and includes any negative information or information contrary to self interest.  Does not attempt to be vague or put a "spin" on negative information to make it appear more positive.
 

47. WRITTEN COMMUNICATION – Communicates effectively in writing.
 
Level of Competency Required by Job:
 
Level 1: Write notes/e-mails. Completes forms with some open-ended responses (sentences).
 
Level 2: Write letters, articles/reports, and/or detailed descriptions of activities/occurrences.
 
Level 3: Write lengthy reports, instruction manuals, in-depth analyses/ reviews of complex issues and/or articles for publication.  Reviews the written work of others.
 
Examples of Behavioral Indicators:
  • Writing includes the necessary information to convey the intended message. 
  • Sufficiently few errors in spelling, punctuation, grammar to not interfere with the intended message or distract the reader.
  • Little editing or re-writing needed to produce a final product.
  • Composes materials efficiently.
  • Information is presented in a well organized manner.
  • Tone and degree of formality are appropriate to the purpose and audience.

Performance Levels:
 
Satisfactory
 
Writes material that clearly communicates the necessary information; needs little editing. 
 
Superior
 
Precisely uses words and organizes information in a way that enhances presentation of the message.  Virtually no editing needed.
 
 
 
53. LEADERSHIP – Influences others toward goal accomplishment.
 
Level of Competency Required by Job:
 
Level 1: Assume responsibility for operations or a situation when necessary.  Direct the actions of others or otherwise ensure required actions are taken. Remain responsible until relieved or situation is resolved.
 
Level 2: Motivate others to continual activity focused on goal accomplishment.  Provide clear objectives and articulate individual activities necessary to achieve them; ensure resources necessary to do so are available. Monitor work progress and provide feedback; assess results.
 
Level 3: Articulate a vision, convey it to others, and assign responsibilities (or assure they are assigned) for achieving it.  Monitor progress, make adjustments as necessary, and evaluate results.
 
Examples of Behavioral Indicators:
  • Evaluates circumstances, determining what needs to be done, and ensuring individual responsibility for performing specific actions is assigned.
  • Follows-up to ensure that specific actions have been taken and overall objective has been accomplished.
  • Clearly communicates objectives and responsibility/individual actions necessary to achieve them.
  • Monitors work in progress, provides feedback to those involved, and makes adjustments to work plans/processes to ensure goal attainment.
  • Evaluates completed work for quality, thoroughness, and effectiveness to determine whether re-work or additional work is required to meet intended objectives and to provide learning for future assignments

Performance Levels:
 
Satisfactory
 
Assumes responsibility for work of others when required or necessary. Ensures actions taken to achieve objectives, and evaluates results to determine any follow-up needed. 
 
Superior
 
Articulates vision/states clear objectives and assigns responsibility/motivates others toward achievement. Monitors progress; gives feedback; evaluates results; ensures follow-up.

 
58. INDUSTRY KNOWLEDGE – Knows sources of information (publications, 
                                                     websites, professional associations), college 
                                                     programs, consultants, vendors, and peers within 
                                                     field of endeavor; accesses them when needed.
 
Level of Competency Required by Job:
 
Level 1: Can locate job-related information from external sources when necessary.
 
Level 2: Read job-related publications and know/may be a member of professional associations.  Some familiarity with college programs, consultants, vendors, and/or others in the field.
 
Level 3: Subscribe to job-related publications and is a member of professional association(s). Know many college programs, consultants, and vendors, and has a well-developed network of peers within the field.
 
Examples of Behavioral Indicators:
  • Reads/subscribes to job-related publications.
  • Knows consultants/vendors in the field including their products/services and reputation.
  • Attends conferences or other job-related training/presentations.
  • Makes presentations to professional associations.
  • Has contacts on college faculties to call upon if needed.

Performance Levels:
 
Satisfactory
 
Aware of external resources available in the field. Can locate and obtain materials and/or locate and contact professional associations, consultants, vendors, or peers if necessary.
 
Superior
 
Knows many external resources in field, including publications, educational programs, consultants, and vendors.  Has a well-established network of peers. Belongs to professional associations and attends conferences or other training sessions. Provides research results and/or benchmarking data to the field.
 
Industry Knowledge Areas
  1. Knowledge of the affordable housing development financing components, including tax credits, loan underwriting, sources of funding, title reports, environmental reports, and appraisals sufficient to complete loan transactions and agreements for affordable housing developments.
  2. Knowledge of affordable housing asset management and compliance, including affirmative marketing, lease-up, occupancy compliance, and residual receipts analysis sufficient to monitor the physical and financial performance of affordable housing developments. 
  3. Knowledge of the conventional financing process, including applications, verifications, underwriting, and appraisals in order to process loan applications and provide financial assistance to program participants.       
  4. Knowledge of major Federal and State affordable housing lending programs such as the Low Income Housing Tax Credits, Conduit Bond Programs, HOME Investment Partnerships Program (HOME), Community Development Block Grant (CDBG), California Redevelopment Law (CRL), and Multifamily Housing Program (MHP) including program requirements and regulations in order to determine eligibility for affordable housing development project financing.  
  5. Knowledge of the Housing and Community Investment Department of Los Angeles' (HCIDLA) policies and procedures regarding subordinations, delinquencies, loan collection, and write-offs in order to service the HCIDLA's affordable housing loan portfolio. 
  6. Knowledge of the basic components of a promissory note, deed of trust, and loan agreement such as the loan amount, interest rate, and legal description in order to ensure repayment and that the property is operated per agreement.
  7. Knowledge of financial documents such as audited financial statements, rent rolls, appraisals, titles, loan agreements, and affordability covenants in order to make recommendations for funding and ensure ongoing project compliance.
  8. Knowledge of financing requirements for the rehabilitation of affordable housing including capital needs assessments, relocation, and recapitalization requirements in order to ensure continued affordability of existing affordable housing.
  9. Knowledge of mathematical concepts related to real estate financing such as amortization, cash flow, loan to value ratio, debt to income ratio, net present value, and rate of return sufficient to understand the interpretation and application of these concepts to the underwriting of affordable housing developments.
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