Senior Underwriter

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

Since restarting its Low-Income Housing Tax Credit (LIHTC) platform in 2018, Fannie Mae has invested approximately $4.7 billion in proprietary and multi-investor funds. As a valued contributor on our dynamic team, you will be responsible for underwriting and closing investments through LIHTC proprietary funds.

THE IMPACT YOU WILL MAKE

The Senior Underwriter-LIHTC Proprietary Investments role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Working with our syndicator partners, this role will structure, underwrite and close potential affordable multifamily proprietary investments utilizing low-income housing tax credits.
• Maintain overall responsibility for the investment review and approval process of proprietary investments including collaboration with internal and external stakeholders.
• Identify and assess the risk profile of equity investments to ensure risk is mitigated and objectives are met within appropriate credit, investment and regulatory guidelines.
• Coordinate with internal and external teams to develop key milestones to achieve a seamless execution.
• Working with management, recommend business solutions based on analysis of internal and market data.
• Actively participate on special project teams as needed.
• Travel to visit prospective investments and markets.

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experience

• 6 years of LIHTC Equity experience with a track record underwriting and closing LIHTC proprietary investments while maintaining product and credit quality
• Demonstrated experience in modeling and structuring LIHTC proprietary investments, managing critical projects and tight timelines
• Highly motivated self-starter with good attention to detail
• A team player with excellent interpersonal skills who is energized by working in a collaborative, dynamic and evolving team environment
• Strong analytical, verbal, written and presentation communication skills
• Ability to influence through negotiating, persuading others, facilitating meetings, and resolving conflict
• Proficient in tax and accounting matters related to LIHTC
• Ability to successfully manage and engage stakeholders, customers, and vendors and build relationship networks
• Experience gathering accurate information to explain concepts and answer critical questions
• Ability to travel overnight 25% of the time

Desired Experience

• Bachelor's degree or equivalent
• Proven ability to lead projects and complex problem solving skills
• Proven ability to work with people with different functional expertise respectfully and cooperatively towards a common goal.

Multifamily Customer Engagement - Customer and Partner Management - Advisor

Target Pay Range: $121,000 - $158,000 a year

Qualifications

Education:

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For most roles, employees are expected to work onsite on a regular basis at their designated office location. In-office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor. Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company. If you need assistance using our online system and/or you need a reasonable accommodation related to the hiring/application process, please complete this form.

The hiring range for this role is set forth below. Final salaries will generally vary within that range based on factors that include but are not limited to, skill set, depth of experience, certifications, and other relevant qualifications. This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program). As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being. See more here.

Requisition compensation:

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