MULTIFAMILY CREDIT UNDERWRITER

Primary Position Objective Under the supervision of the Multifamily Credit Underwriting Manager and senior associates, underwrite affordable multifamily transactions that utilize various forms of construction and permanent financing, including but not limited to, Section 42 Low Income Housing Tax Credit (LIHTC) equity, tax exempt multifamily mortgage revenue bonds, various state and federal loans/grants, and/or other conventional financing. Major Duties and Responsibilities: Prepare and analyze financial models detailing development budgets and operating proformas for multifamily transactions subject to various rental restrictions. Collect, review and organize due diligence required to evaluate transaction feasibility, including, but not limited to, entity organizational documents, financing documents, financial statements, and construction documents. Review, interpret, and apply rules and guidelines governing the allocation of LIHTCs, tax exempt multifamily mortgage revenue bonds, and various construction and permanent debt products. Engage, review, and analyze third party reports including, but not limited to, appraisals, market studies, plan and cost reviews, physical needs assessments, and phase I environmental site assessments. Evaluate the feasibility of proposed affordable multifamily transactions and either support or decline advancement to closing and funding. Prepare detailed underwriting reports supporting a recommendation for a LIHTC allocation, tax-exempt multifamily mortgage revenue bond allocation, and/or other debt products. Present underwriting reports to committees and boards and answer questions related to the analysis, risks, recommendations and conclusions. Perform other duties as assigned. Supervisory Requirements: None Additional Expectations: Provide a professional example, accuracy, and consistency in work performance. Respect teammates. Participates and is an active team member by assisting others. Keep management informed of pertinent information. Maintains the quality and integrity of the services provided by the department. Create an atmosphere within the organization that attains and maintains a high level of morale and embraces our Vision-Mission-Values and our Goals and Objectives "VMVGO". Independent Judgment: This position requires a high level of independent judgement. Requirements & Qualifications: A Bachelor's Degree from a college or university with a major in Business, Accounting or Finance and 3 years of related experience. Ability to communicate clearly and concisely in a professional environment, both in writing and verbally, to senior management, clients, boards, and committees. Must be able to work independently and within a team. Working knowledge of Section 42 Low Income Housing Tax Credit (LIHTC) program. Working knowledge of affordable development financing structures, including conventional financing provided by Fannie Mae, Freddie Mac, or HUD, tax exempt multifamily mortgage revenue bonds, private placement bonds, and other federal and state loan programs. Proficient with financial modeling in Excel and creating and amending documents in Word. Ability to manage multiple assignments simultaneously. Must be able to produce at a high level and meet strict deadlines in a fast-paced demanding environment. Physical Requirements Talking - Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Hearing - Able to hear average or normal conversations and receive ordinary information. Repetitive Motion - Movements frequently and regularly required using the wrists, hands, and/or fingers. Vision - Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery. Physical Strength - Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. This description has been designed to indicate the general nature and level of work performed by an employee in this position. The actual duties, responsibilities and qualifications may vary in the future based on new or revised work assigned to this position. AmeriNat offers a competitive benefits package including 401k; performance incentives; paid medical, life and long-term disability; dental; vacation, sick and holiday pay as well as opportunities for advancement. Dress code is business casual (jeans allowed) and occasional business attire required. AmeriNat will consider qualified applicants in a manner consistent with local "Fair Chance" ordinances. AmeriNat is an Equal Opportunity Employer.