LIHTC Loan Officer

About this job:

LIHTC Loan Officer is responsible for managing significant loan relationships as a senior representative to The Bank of Missouri’s specialty finance clients. This position is heavy in credit management, relationship management, business development, and financial analysis. The position requires a high attention to detail and the ability to meet deadlines while working in a client‑centric environment. Experience with the LIHTC industry and financing is required.

• Competitive Salary
• Personal paid time off, as eligible and paid holidays
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

• LIHTC loan underwriting for credit quality through the review of financial statements, business plans, public information databases, and background searches
• Manage large loan relationships, with many LIHTC project loans per relationship; be the liaison between the client and the bank
• Communicate the CEO and committee’s goals and parameters effectively to the loan relationship
• Communicate the client’s goals and requests effectively to the CEO, President, and loan committee
• Review, authorize, and recommend LIHTC loans for approval to loan committee (including LIHTC products for M1 such as LHITC Construction, LIHTC Equity, LIHTC pre‑development)
• Review and authorize LIHTC draws; participate and communicate with the project development team regarding construction status
• Monitor the entire life of a LIHTC construction development – underwriting sources and uses, contingency funding, draw requests, construction status vs. financing status, placed‑in‑service deadlines, cost overruns vs. contingency sources
• Analyze the LIHTC portfolio by loan type, relationship, and state; communicate results to the loan committees, President, and CEO; present portfolio monitoring results, identifying and communicating high‑risk items
• Monitor updates and pending changes of the LIHTC program (federal and individual states) and communicate the impact to the committee
• Prepare written credit proposals and presentations for various credit committees
• Ensure existing credit relationships adhere to covenants and conditions and that required information is obtained in a timely manner through monthly or quarterly monitoring
• Enhance current monitoring processes, worksheets, and presentations; prepare LIHTC portfolio and loan relationship presentations to assess risk and opportunity
• Participate in all loan committees of the bank; communicate with clients regarding specific credit or documentation inquiries and follow up
• Communicate with other banks that may purchase amounts of M1’s loans; with bank attorneys regarding loan documents, collateral, and perfection; with bank examiners (Missouri Division of Finance and FDIC) during bank examinations on the bank’s LIHTC credits and the LIHTC program and general
• Comply with all banking laws and compliance rules; maintain, communicate, and follow up with loan servicing and loan analysts regarding pending/missing items and day‑to‑day operations
• Collaborate with management to identify opportunities for process improvements, system enhancements, and procedural changes as part of the growth and maturation of the company

• Bachelor’s degree (preferably in finance or accounting)
• 8+ years of relevant work experience in LIHTC Lending
• Excellent PC skills, strong skills with Microsoft Excel and Word
• Demonstrated ability to interact effectively with various levels within the organization
• Ability to demonstrate excellent detail orientation, critical thinking and analytical skills
• Displays excellent time management, organizational and problem‑solving skills
• Ability to work well under pressure and meet deadlines
• Strong verbal, written and interpersonal communication skills

The Bank of Missouri is an Equal Opportunity Employer.