• Maryland Department of Housing and Community Development
• Division of Business Development
• CDA Lending and Risk Analyst Sr. III (066325)
• Deputy Director, Business Lending
• Recruitment #26-005479-0008
• Salary: $97,972.00 – $118,376 (Grade 22/Step 5-15 with promotional growth to $152,528.00/year). This position offers a salary range of $97,972 – $118,376/annually, with potential for advancement up to $152,528 based on qualifications, equity, and hiring guidelines. Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $118,376/year.
• Filing Deadline: 4/4/2026 11:59:00 PM

This is a Management Services position with full State of Maryland Benefits

Work that Matters. The Maryland Department of Housing and Community Development (DHCD) is a national leader in the financing of affordable housing and revitalizing communities. This is an opportunity to join this nationally recognized, award-winning organization and apply your skills to this high public purpose and challenging area. Annually, DHCD finances approximately 2,700 units of multifamily rental housing in 40 properties, amounting to $350 million in construction and permanent financing. Funding comes from a variety of sources, including state-appropriated funds, taxable and tax-exempt revenue bonds, federal low-income housing tax credits, federal HOME funds and other federal funds. Additionally, DHCD administers rental assistance programs and innovative initiatives designed to expand affordable housing opportunities for persons with disabilities, increase the energy efficiency and sustainability of affordable multifamily developments, and preserve rental housing.

POSITION DUTIES

The Deputy Director of Business Lending conducts advanced financial and risk analysis for the Maryland Department of Housing and Community Development (DHCD) Division of Business Development (DBD). The incumbent reviews and interprets complex financial, construction, and project documentation to determine eligibility, feasibility, and risk for business lending, investment, and grant programs supporting small business owners and commercial real estate development throughout Maryland.

Duties include underwriting and risk assessment for DBD programs, including but not limited to Neighborhood Business Works (NBW) loans and grants, credit enhancements, and State Small Business Credit Initiative (SSBCI) loans and investments; preparing risk analysis reports for management, auditors, and stakeholders; and monitoring fund disbursements to ensure compliance with applicable State and federal laws, regulations, and program policies.

Additional responsibilities include maintaining program databases and preparing reports; assisting with program administration, marketing, and outreach; and monitoring online applications and inquiries. The position provides technical expertise, supports short- and long-range operational planning, and plans, assigns, reviews, approves, and evaluates the work of Lending and Risk Analysts and related support staff.

MINIMUM QUALIFICATIONS

Education: A bachelor’s degree from an accredited college or university in Finance, Business Administration or Accounting, or a related field.

Experience: At least five years of professional financial/risk analysis experience in small businesses and or commercial real estate. Experience should include analysis of financial statements, tax returns, budgets, real estate portfolios, real estate appraisals, environmental assessments and construction documents. One year of this experience should be in a lead or supervisory capacity.

Notes:

1. Candidates may substitute the possession of a Bachelor’s degree from an accredited college or university in Finance, Business Administration, Architecture, Economics, Accounting, Construction Management or a related field and five years of professional financial/risk analysis experience, such as managing government programs, risk analysts, debt portfolios, examining and/or analyzing financial statements, budget, grant or real estate investment portfolio records and reports for the required experience.
2. Candidates may substitute the possession of a Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination and five years of professional financial/risk analysis experience, such as managing government programs, risk analysts, debt portfolios, examining and/or analyzing financial statements, budget, grant or real estate investment portfolio records and reports, for the required experience.
3. Candidates may substitute the possession of a Master’s degree from an accredited college or university in Finance, Business Administration, Architecture, Construction Management, Economics, Accounting or a related field and three years of professional financial/risk analysis experience, such as managing government programs, risk analysts, debt portfolios, examining and/or analyzing financial statements, budget, grant or real estate investment portfolio records and reports, for the required experience.
4. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting or Loan Officer Classifications, or as a commissioned officer in business and industry classification or business and industry specialty codes in the housing management field of work on a year-for-year basis for the required experience.

DHCD is an Equal Opportunity Employer