Development Underwriter

Job Responsibilities

Are you looking for a purpose-driven career, not just the same old 9 to 5? One that gives you a reason to come to work beyond just receiving a paycheck? Well, look no further! The SC Housing Finance and Development Authority (SC Housing) is actively searching for a Development Underwriter for our Development Finance Division!

We know our employees work hard, so we work hard to encourage a culture that promotes work-life balance, well-being and employee engagement/recognition. We are a forward-thinking organization that is committed to changing lives by creating safe, decent, and affordable housing opportunities that fulfill dreams and inspire hope in our citizens. Our staff energizes the work that we do, and helps find solutions that make a difference in the lives of others.

If you want to be part of an organization that allows you to connect your passion for improving the lives of others to purpose, we invite you to join our team of energetic housing champions!

As a member of the Development Underwriting team, you will work under the supervision of the Development Finance Director. You will operate within the federal and state guidelines that regulate SC Housing’s Multifamily Development programs and utilize discretion and good judgment when performing feasibility analyses, determining funding awards, and solving technical issues.

SC Housing's Multifamily Development Division administers a diverse portfolio of housing development programs across the state of South Carolina to include Low Income Housing Tax Credit (LIHTC), HOME, SC Housing Trust Fund (SCHTF), National Housing Trust Fund (NHTF), Small Rental Development Program (SRDP), and Multi-Family Tax Exempt Bonds programs.

• Review multifamily housing development proposals seeking financial assistance by analyzing development costs, sources and uses of funds, operating budgets, rent projections, and financing structures. Evaluate compliance with program requirements and underwriting standards, calculate key financial metrics, and prepare written underwriting summaries and recommendations for internal review and approval.
• Develop, update, and maintain Excel-based underwriting and financial analysis models used to evaluate multifamily rental housing proposals. Design and test formulas, assumptions, and calculations to ensure accuracy, consistency, and alignment with underwriting policies and program requirements.
• Assist in the development and revision of underwriting guidelines and policies used to evaluate multifamily rental housing applications. Analyze regulatory requirements and program needs, draft technical guidance, and support consistent application of underwriting standards.

An associate's degree in accounting, real estate, finance, economics, mathematics, or a related field of study and 4 years of full-time experience (to include internships) in accounting, auditing, finance, commercial loan underwriting, or a related field.

candidates must specifically meet the Agency Minimum Requirements or an equivalent combination of education and experience to be considered for this position.

• Strong financial analysis and underwriting skills, with the ability to assess complex rental housing developments
• Excellent problem-solving abilities and sound judgment in adapting to different circumstances
• Ability to manage multiple priorities and meet deadlines
• Exceptional verbal and written communication skills
• Proficiency in Microsoft Excel, including spreadsheet design and formula creation

Must be able to lift and carry files, books, and reports weighing up to 20 lbs. Must be able to perform filing, desk work, and operate general office equipment. Must be able to sit or stand for prolonged or intermittent periods of time while sharing, gathering, or presenting information to other staff members or external parties. The employee must be able to perform these tasks with or without reasonable accommodations.

SC Housing is committed to a diverse workforce and does not…