Senior Underwriting Coordinator providing support for Facultative Underwriters with data management and administrative activities for the reinsurance industry. Ideal for candidates with experience in operational support roles.
About the role
- Vice President of Commercial Underwriting focused on affordable housing, underwriting complex loan requests and maintaining industry relationships. Evaluating financial risks and ensuring compliance with regulatory standards.
Responsibilities
- underwriting complex loan requests and renewals for working capital lines of credit, commercial real estate loans, term loans, formula-based lines of credit, and other Bank lending products
- building and maintaining relationships with lending officers, developers, syndicators, and agency representatives
- evaluating financial performance, capital structure, collateral, and market factors to identify, assess, and mitigate credit risk
- mentoring junior underwriters and analysts in financial analysis, deal structure, and affordable housing program knowledge
- ensuring that transactions comply with Bank policy and regulatory standards
- performing detailed underwriting of construction-to-permanent executions and direct-pay letter of credit structures associated with tax-exempt bond deals
- modeling loan cash flows incorporating LIHTC equity, deferred developer fees, subordinate debt, and public funding sources
- preparing comprehensive credit memoranda, incorporating both financial risk assessment and qualitative mission-driven impacts
- participating in client and agency meetings as necessary to discuss deal structure, mitigate risk, and ensure execution alignment with Bank strategy
Requirements
- 6+ years of related experience, including at least 3 years in affordable housing, community development, or commercial real estate lending
- Bachelor’s degree or equivalent experience required; advanced degree or affordable housing certification preferred
- Advanced knowledge of general commercial banking operations, including deposit operations, loan administration, and treasury management
- Strong understanding of LIHTC program structure, tax-exempt bond executions, and layered capital sources used in affordable housing finance
- Advanced knowledge of applicable regulatory and legal compliance obligations, including CRA, fair lending, and community reinvestment standards
- Advanced analytical and writing skills with ability to craft high-quality, well-supported credit recommendations
- Proficiency with Excel and real estate financial modeling tools; ability to manage multiple, complex transactions with tight timelines
- Advanced speaking and writing communication skills.
Benefits
- competitive salaries
- an ownership stake in the company
- medical and dental insurance
- time off
- a great 401k matching program
- tuition assistance program
- employee volunteer program
- wellness program
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