Job Description

Job Description and Duties

Hybrid Telework Opportunity

Employees in this classification, within the Department of Health Care Access and Information, shall receive a pay differential equivalent to 5% of their monthly base pay.

Why Join HCAI? At HCAI, you’ll be part of a team that makes a difference. We support California’s health infrastructure by ensuring access to care through strategic financing and policy innovation. This is your opportunity to apply your financial expertise in a role that combines public service, community impact, and professional growth.

Desirable Qualifications In addition to evaluating each candidate's relative ability, as demonstrated by quality and breadth of experience, the following factors will provide the basis for competitively evaluating each candidate:

• Experience in commercial credit analysis and loan underwriting.
• Experience in credit risk management and accounting.
• Experience in business financial statement analysis.
• Knowledge in commercial real estate lending policies and procedures.
• Knowledge of healthcare industry.
• Experience with writing reports, communicating with customers, or building relationships with clients.
• Excellent written, oral, and interpersonal communications skills.
• Experience with Microsoft, Excel, and Word.
• Ability to learn quickly, pay close attention to detail, work independently and be task oriented.
• Ability to travel occasionally for business meetings and trainings.
• Ability to present to small groups.

As the Associate Health Facility Construction Financing Analyst you will perform the various phases of work involved in the review and analysis of applications for various Health Facility Financing programs for the acquisition, renovation, or construction of health facilities, including determining the need, financial feasibility, community benefit, and the potential risks of the issuance of loan insurance. The incumbent analyzes, reviews, and negotiates financial reports, construction plans, and legal documents, and participates in the loan closing; monitors construction progress, borrower financial performance, loan payments, and compliance with loan documents of insured projects; and develops appropriate courses of action in cases of financial default.

Key Responsibilities

• Independently manage a portfolio of more healthcare facility projects.
• Analyze and underwrite health financing applications, which often include financial feasibility, market studies and appraisals, to make recommendations on project viability, community benefit, and potential risk.
• Conduct financial statement analysis, review legal documents, assess construction plans, and negotiate terms with stakeholders.
• Participate in loan closings and coordinate with legal, financial, and construction experts to ensure proper execution.
• Monitor borrower financial performance, construction milestones, and compliance with loan terms.
• Develop strategies and recommend corrective actions for projects at risk of financial default.
• Present findings and recommendations to leadership and external stakeholders in both written and verbal formats.

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You will find additional information about the job in the .

Working Conditions

HCAI offers a hybrid telework schedule with a combination of remote and in-office work schedules for CA residents only. The telework policy is subject to change, and additional in-office days may be required and/or minimal notification may be given to report to the worksite if an urgent need arises.

Telework schedules: The expectation is that all staff will work in office 4 days a week July 1, 2026. 

HCAI does not provide visa sponsorship and is not an E-Verify employer.

Special Requirements

Candidates must meet the Minimum Requirements for both the Associate Management Auditor and Health Facility Construction Financing Specialist classifications. However, only the Associate Management Auditor examination is available, which can be found below. You will find the Minimum Requirements in the Class Specification.

Associate Management Auditor Exam: Candidates that are new to state service must take the online examination to establish eligibility. The examination can be found at the following link 

There is also a Limited Examination & Appointment Program (LEAP) exam available for this classification.  Information on the LEAP certification process is available on the  .

This position is subject to the Form 700 Statement of Economic Interests filing requirements, which requires disclosure of certain personal economic interests as determined by the Conflict of Interest Code of the Department of Health Care Access and Information. Pursuant to Government Code section 81008, Form 700 Statement of Economic Interests is public record and will be made available for public inspection.

Benefits

In addition to competitive public employee wages and a comprehensive benefits package, our employees enjoy meaningful and interesting work that supports access to healthcare.

To learn more about benefits for State employees, visit the Salary and Benefits page on the CalHR website.

HCAI is housed in a state-of-the-art building outside of downtown off Interstate-5. Enjoy a great work environment with many amenities, including FREE PARKING (2020 West El Camino Avenue, Sacramento, CA 95833) and fully equipped pay-per-charge electric vehicle charging stations. HCAI is close to many dining and shopping choices.

University of California (UC) and California State University (CSU) employees may qualify to transfer their current and previous employment credit to State of California employment through CalPERS. Human Resources can help with this process upon employment or you can reach out to CalPERS for inquiries at (888) 225-7377.

Additional Application Requirements

You must include:  1) the classification title you are applying for, 2) “JC-#502621”, and 3) your source of eligibility (i.e. List Eligibility, Lateral Transfer, Reinstatement, SROA/Surplus) in the “Examination(s) or Job Title(s) for which you applying” section of your application.  Applications received without this information may be disqualified.

Applications received via email or fax will not be accepted.

Required Application Package Documents

The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:

• Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
• Resume is optional. It may be included, but is not required.
• Statement of Qualifications - A Statement of Qualifications (SOQ) is required . The SOQ is a narrative no longer than two pages in length (Arial 11-point font) describing your education and experience as it pertains to the duties and desirable qualifications listed. Resumes do not take the place of the SOQ. Applications received without a clearly titled SOQ may not be considered for this position.

Job Tags

Permanent employment, Full time, Work at office, Remote work,

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