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ACOM ADFA PROGRAM COORDINATOR
The Arkansas Development Finance Authority (ADFA) Program Coordinator is responsible for ensuring efficient and effective program operations, and evaluating complex participants of ADFA programs for eligibility and/or ongoing compliance. This position is governed by state and federal laws, program regulations, and agency/institution policy.
Class Code:
G173C
Job Grade:
GS07
Special Job Requirements:
Frequent overnight travel is required.
Typical Functions:
Provides assistance in the implementation of ADFA programs by revising documents, preparing surveys and other documents, setting up and conducting training workshops for ADFA participants and reviewing documents submitted for approval including but not limited to appraisals, buyer income, survey exceptions, and a variety of other information. Conducts file audits as part of compliance monitoring as applicable. Reviews site managers inspection reports, work orders, and invoices, and submits written reports. Assists with the development of guidelines for Low Income Housing Tax Credit and Tax-Exempt Bond Program by compiling and up dating Low Income Housing Tax Credit and Tax-Exempt Bond development files. Facilitates accessibility to information for Low Income Housing Tax Credit and Tax-Exempt Bond development in the State. Assists with the preparation of annual reporting to the IRS and to relevant national organizations. Underwrites bond loan applications according to IRS compliance requirements. Processes other non-mortgage loan applications, when applicable, and prepares loan documents. Monitors daily loan status reports to ensure loans progress in a timely manner. May coordinate press releases and monthly ADFA newsletter, maintains agency website, and coordinates electronic version of ADFA’s annual report. Performs other duties as assigned.
Knowledge, Abilities, and Skills:
Knowledge of lending practices including loan processing, underwriting, closing and servicing. Knowledge of the principles and practices of accounting. Knowledge of basic real estate principles, regulations and procedures of state and federal housing programs. Knowledge of rules, regulations, and procedures pertaining to Federal housing programs. Ability to interpret and apply laws, rules, and policies governing ADFA programs. Ability to evaluate the eligibility of loans for various ADFA programs.
Minimum Qualifications:
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 a support function related to loan origination, processing, 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.
Required Certificates:
None
Exempt:
E
