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Affordable Housing Underwriter

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Chicago
 IL
Postal Code
60606
Country
United States

This job is no longer active.

Description


Job Description

The Affordable Housing Underwriter will support the overall origination and underwriting process for affordable multifamily housing. The Underwriter will work independently and report to the Portfolio Manager/Director of Risk Management and Vice President of Investments. This will include, but is not limited to:

  • Screen new loan and investment opportunities
  • Perform due diligence, underwriting, structuring and closing of new loans
  • Monitor the performance of the existing portfolio
Key Responsibilities

  • Evaluate, size and price new loan opportunities.
  • Interact and correspond directly with borrowers throughout the underwriting process, including issuing a loan commitment and reviewing loan submission packages.
  • Perform market and financial analysis, including cash flow and waterfall modeling on newly sourced transactions.
    Review and analyze legal documents, operating agreements, loan documents, financial statements and third-party reports.
  • Prepare Investment Committee Memos to highlight credit strengths and risks pertaining to transactions, including loan structure, cash flow, valuation and market information.
  • Assist with deal closings and transition to asset management.
  • Assist with asset management, including financial statement analysis, investor reporting and perform site inspections.
  • Perform ad-hoc analysis and create presentations as requested by senior management and/or investors.
Expectations

  • Ability to prioritize and manage multiple competing tasks.
  • Ability to work independently, think critically and solve problems.
  • Excellent analytical skills, attention to detail and strong organizational skills.
  • Strong communication and presentation skills.

Compensation

  • Market competitive salary with performance-based bonus and attractive benefit package.
 
 

Experience


2+ to 5 years


This job is no longer active.

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