Employment Opportunities

The New Mexico Finance Authority (NMFA) in Santa Fe is seeking a qualified individual for the Senior Housing Development Lender position that will report to the Managing Director of Lending.  The position will underwrite workforce housing development projects including moderate-income multi-family housing development projects and moderate-income single-family housing development projects for eligibility, present projects for approval, and coordinate the processes leading toward loan closing.

This position will lead in structuring and underwriting loans for housing development projects recommended by the Opportunity Enterprise and Housing Development Review Board (“OE Board”).   Assist the OE Board and NMFA Board in the policies governing the selection, structuring and underwriting of workforce housing projects. Present facts and offer opinions/recommendations to the NMFA Credit Committee concerning the prospects for creditworthiness.  Evaluate and underwrite construction and permanent loan applications for housing development and related infrastructure projects by assessing such areas as current rental housing market conditions, project development team, rental income and operating expense, operational projections, and project development budget. Structure the potential loan according to industry standards and/or program requirements, as appropriate.  Present potential loans for approval to the NMFA Credit Committee, Economic Development Committee, and Board, when appropriate.  Communicate with borrowers, other project lenders, and others regarding loan status and assist with the information flow from production to underwriting, loan approval, and funding/post-disbursements.  Be a resource for borrowers, lending partners, and other industry professionals internally on workforce housing development matters through workshops, conferences, meetings, and one-on-one contacts.

NMFA is New Mexico’s partner in building economic prosperity and stronger communities. The ideal candidate will have a bachelor’s degree in real estate finance, finance, or business and a minimum of six years of experience as a loan underwriter specializing in affordable and workforce housing development.   Experience with tax-exempt bonds, federal and state tax credits, Federal Housing Administration (FHA) programs such as 542 (c) Risk Sharing Insurance, Fannie Mae, Freddie MAC, and other state and federal financing tools preferred.  Strong knowledge of real estate principles and generally accepted accounting practices, principles, procedures, and regulations/laws related to governmental affordable and workforce housing programs, including for-sale and rental housing, is required.

Interested candidates may submit a cover letter and resume to the attention of the HR Director, New Mexico Finance Authority, 207 Shelby St., Santa Fe, NM 87501 or via email at nmccollum@nmfa.net.

The New Mexico Finance Authority (NMFA) in Santa Fe is seeking a Commercial Credit Analyst to join our team responsible for public and private lending activities of the organization. The credit analysis required varies by program, but typically involves working in concert with NMFA’s lending team to analyze historical financials (audits, tax returns), and to calculate the relevant debt service coverage ratios and other elements of the underwriting processes, including preparing a credit summary narrative and assisting in assigning a risk rating to each transaction.

Reporting to the Managing Director of Credit, the credit analyst works collaboratively with regional finance managers, other credit analysts, internal and external legal counsel, and NMFA client services to support the underwriting, structuring, approval, and monitoring of a variety of loan products and programs.

The credit analyst will thoroughly analyze and document underperforming loans to create a loan history, current status, and projected performance; detail compliance with the loan agreement; assist with the collection process and the curing of defaults; and lead the creation of credit policies and operating policies to provide guidance and continuous improvement of NMFA’s asset recovery process.

The NMFA is a government instrumentality whose mission is to be New Mexico’s partner in building economic prosperity and stronger communities. The ideal candidate will possess a bachelor’s degree in business, finance, or accounting and 3- 5 years of professional experience in investment and/or commercial banking, public accounting, finance, or troubled asset management. The candidate must possess strong technical skills particularly in the areas of cash flow analysis and the interpretation of a variety of financial reports and statements. In addition to performing financial analyses, the successful candidate will be expected to draft written reports and to effectively communicate, verbally and in writing, analysis and conclusions to team members and in Committee/Board presentations.  Previous experience with non-performing loans and assets, including various loan and credit agreements and business restructuring, as well as excellent negotiation skills is required. Experience in restructuring consulting or troubled credit restructuring and workouts, including loan foreclosure and collections, is highly desired.

Interested candidates may submit a cover letter and resume to the attention of the HR Director, New Mexico Finance Authority, 207 Shelby St., Santa Fe, NM 87501 or via email at nmccollum@nmfa.net.

The New Mexico Finance Authority (NMFA) in Santa Fe is seeking a qualified individual for an Asset Recovery Manager position that will report to the Managing Director, Credit. This position will assess, analyze, and monitor underperforming assets in collaboration with the NMFA Legal and Finance departments; identify root causes of non-performing assets and recommend remedies; and present findings and proposals to NMFA leadership at meetings.

The Asset Recovery Manager will thoroughly analyze and document underperforming loans to create a loan history, current status, projected performance, and detail compliance with the loan agreement; assist with the collection process and the curing of defaults; and lead the creation of credit policies and SOPs to provide guidance and continuous improvement of NMFA’s asset recovery process. 

Previous experience with non-performing loans and assets, including various loan and credit agreements and business restructuring, is required.  Excellent negotiating skills, plus written and oral communication skills, including in-person, phone, and online, are essential for success.  Experience in restructuring consulting or troubled credit restructuring and workouts, including loan foreclosure and collections, is needed.

NMFA is New Mexico’s partner in building economic prosperity and stronger communities. The ideal candidate will be comfortable with occasional confrontational interactions and possess the skills to de-escalate conversations and situations.  A bachelor’s degree in business, accounting, finance or economics is required and an advanced degree in business, law or economics is highly desired.  A minimum of five years of commercial lending or credit experience is needed. This position requires strong presentation skills as recommendations are regularly presented to NMFA leadership.  A wide array of financial experience with governmental agencies, public and private lending and credit, and curing of defaults is necessary.

Interested candidates may submit a cover letter and resume to the attention of the HR Director, New Mexico Finance Authority, 207 Shelby St., Santa Fe, NM 87501 or via email at nmccollum@nmfa.net.