Job Summary
As an affordable housing underwriter on the Community Development Real Estate underwriting team, you will play an integral role in the bank’s Community Reinvestment Act (CRA) mission by financing the construction of affordable housing. You will be responsible for taking a leadership role underwriting transactions, preparing credit packages, closing transactions, and monitoring projects through repayment.
Job Responsibilities:
- Develop best practices through accountability and leadership
- Prepare and review underwriting packages, including development budgets and project economics
- Prepare and present credit packages, identifying a transaction’s credit risk
- Provide accurate analysis and present findings and recommendations to senior management
- Review third-party reports and loan documents
- Participate in closing calls with clients and deal team
- Collaborate and communicate with external and internal stakeholders
- Manage projects and closing timelines
- Attend site visits and industry events
- Manage a portfolio on loans, reporting on projects under construction, collaborating on annual reviews, and preparing modifications
Required qualifications, capabilities and skills:
- 7+ years of experience in a community development real estate
- Experience in affordable housing finance, including Low Income Housing Tax Credits and subsidy financing
- Excellent teamwork and customer service, consistently delivering on commitments to colleagues and clients
- Leadership and analytical skills, with experience synthesizing information, developing recommendations, making decisions, and problem solving
- Project management skills, demonstrating organization, timeliness, execution, and collaboration
- Attention to detail
- Proficient in Microsoft Office
- Master’s or Bachelor’s degree