Community Development Finance Underwriter

Community Development Finance Underwriter

Country:
United States of America

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The Community Development Finance Underwriter is responsible for underwriting community development equity investments and loans for the Company's Community Reinvestment Act (CRA) Program. Will manage complex commercial accounts that meet the Company's community development investment and loan requirements and maximizes profitability while minimizing risk. Will be the primary credit contact for new, complex community development transactions including Low-Income Housing Tax Credit (LIHTC), New Market Tax Credit and Small Business Investment Company investments, Community Development Financial Institution (CDFI) loans and LIHTC lending.

• Leads the due diligence process on new investments and loans including conducting due diligence and financial analysis and working with credit professionals to produce summary memos for new investments and loans.

• Develops and maintains relationships with community based organizations, public sector leaders and private sector organizations developing affordable housing and economic development projects.

• Identifies, evaluates, structures and documents new investments and loans. Performs site visits to investment opportunities.

• Works with credit, compliance, and internal and external auditors to ensure investments and loans are originated and managed within policy and applicable laws and regulations.

• Monitors transactions within assigned portfolios, in partnership with Finance, portfolio management and underwriting, and takes action as appropriate.

• Ensures own work is in compliance with applicable laws, regulations and guidelines, as detailed in policies located on the Company Intranet; policies include but are not limited to Fair Lending, Know Your Customer, Bank Secrecy Act and other applicable anti-money-laundering policies.

• Ensures documentation complies with internal policies and procedures and facilitates management and regulatory reporting.

• Participates in preparing, interpreting and communicating periodic self-assessments of the Company's Community Development Finance portfolio.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 3-5+ Years experience in affordable housing, economic development or other community development origination, underwriting or portfolio management.

• Extensive experience developing and structuring community development finance transactions including LIHTC, NMTC or CDFI lending and investment.

• Bachelor's Degree or equivalent work experience:
  Finance, Business, Political Science or other equivalent field - Required.

• 3-5+ Years experience in similar role.

• Excellent, sales, persuasion and negotiation skills required to represent the Company's interests in negotiations.

• Demonstrated ability to manage public/private partnerships including excellent project management skills, and the ability to build relationships across public, private and not-for-profit sectors.

• In-depth knowledge of CRA and Fair Lending regulations required, including HMDA and ECOA.

• Abi…