Associate Development Officer

About the role

This important role has responsibility for commercial/multifamily loan production, with deal assignments consistent with their experience. With the support of the Development team, the associate will evaluate loan requests and make recommendations for financing for a wide array of rental housing projects to further Virginia Housing’s mission and strategic priorities.

Responsibilities

• Evaluate loan requests and make recommendations for financing for a wide array of rental housing projects
• Work closely with the Development team to ensure alignment with Virginia Housing’s mission and strategic priorities
• Understand and apply real estate, finance, and general business acumen in loan underwriting
• Assist in the evaluation of multifamily and commercial loan applications
• Make recommendations for financing based on project specifics and financial projections

Requirements

• Bachelor's degree in Real Estate, Business, Finance, Economics, Mathematics or Urban Planning or equivalent work experience
• A few years of real estate experience, preferably in the multifamily or commercial area
• Basic understanding of real estate, finance, and general business acumen
• A valid Driver’s License
• Direct experience in commercial/multifamily loan underwriting with an emphasis on rent and operating expense analysis in determining loan size

Qualifications

• Experience in multifamily or commercial loan underwriting
• Strong analytical skills
• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team

Skills

• Proficiency in real estate and finance principles
• Strong organizational and time management skills
• Ability to analyze financial data and make informed decisions
• Knowledge of local and state housing policies and regulations

Pay

Hiring Range: $82,000-111,000

Schedule

Full-time position

Benefits

On-site conveniences such as a fitness center and free parking

Education opportunities to help your advancement through classroom and online programs

Benefits

Background and motor vehicle check as a condition of employment

Conflict-of-Interest Act Disclosure form and Secondary Employment Disclosure form as a condition of employment

Virginia Housing

Virginia Housing is one of the nation’s premier housing finance agencies. Our mission is to help Virginians attain quality, affordable housing, which we accomplish through our public-private partnerships. We are focused on employee engagement and committed to a healthy and diverse workforce.

Contact Information

To apply, please visit www.virginiahousing.com/careers. Applications and resumes are accepted online only.