Principal Associate, Underwriting, Portfolio, and Loan Management

Overview

The Underwriting, Portfolio & Loan Management (UWPLM) team is an integral part of Community Finance that is responsible for the risk assessment, evaluation, management, and administration of individual loans and investments and the entire portfolio. The team underwrites new affordable housing transactions, manages and administers the portfolio of debt and equity exposure, and ensures a scalable and well-managed business. The team endeavors to create an environment that supports efficient and impactful risk management.

Primary Responsibilities

• Asset Surveillance: Proactively manage a portfolio of LIHTC equity and debt facilities, ensuring all financial covenants, reporting requirements, and compliance milestones are met. Lead the preparation of annual reviews, quarterly risk rating reviews and support preparation of periodic portfolio reviews.
• Risk Mitigation: Conduct regular financial statement analysis and site inspections; identify deteriorating credit trends or construction delays and develop mitigation strategies.
• Construction & Lease-up Oversight: Approve draws, construction budgets, and lien waivers. Partner with third-party consultants to ensure projects remain on schedule and within budget.
• Data Integrity & Reporting: Ensure all internal systems accurately reflect the current risk profile of the portfolio.
• Stakeholder Management: Collaborate and act as the point of contact for borrowers, syndicators and internal stakeholders.
• Process Innovation: Identify opportunities to streamline portfolio monitoring workflows and enhance the "Well-Managed" culture of the Community Finance team.

Basic Qualifications

• A High School Diploma, GED, or Equivalent Certification.
• At least 2 years of experience in Asset Management, Portfolio Management, or Commercial Credit Analysis.

Preferred Qualifications

• Bachelor’s Degree in Finance, Accounting, Real Estate, or a related field.
• Experience managing construction-to-permanent loan conversions.
• 2+ years of experience specifically within Affordable Housing, LIHTC, or Commercial Real Estate Finance.
• Strong proficiency in financial modeling and interpreting complex partnership agreements.
• Demonstrated ability to influence internal partners and external clients through confident, data-driven communication.