Senior Multifamily Underwriter

Job Description

The Senior Multifamily Underwriter is a professional supervisory position responsible for the review and underwriting of multifamily real estate transactions presented for financing to:

• Increase the availability of housing for low- to moderate-income families by using a variety of financing and subsidy sources.
• Generate revenue for the organization, which adds to the growth of the multifamily bond portfolio.

Examples Of Duties

• Applies knowledge of the principles, practices, and policies of HOC’s Multifamily Program Guide and the Commission’s lending practices to varied loan applications.
• Proficient in the application of rules and regulations pertaining to tax-exempt mortgage revenue bonds, the Federal Low-Income Housing Tax Credit Program, as well as other state and county housing programs.
• Plan, organize, and control most aspects of the work, providing regular status reports to the supervisor.
• Exercise sound and efficient judgment in the management and scheduling of the workload.
• Aid in the overall development process management, including involvement with clients, public officials, and participating financial institutions and must be able to present discussions and recommendations orally and in writing.
• Understand procurement rules in general, but must develop an in-depth knowledge of HOC’s Procurement Policy specifically as it pertains to the procurement of services required for executing the responsibilities of this position.

Minimum Qualifications

• Experience: At least five years of increasingly responsible experience in real estate finance, development, and investment. At least two years of data management and reporting, including supervisory experience.
• Experience must include working with transactions that include affordable and market-rate housing and mixed-use development.
• Education Requires Graduation from an accredited college or university with a Bachelor's degree in a related field.

Knowledge, Skills & Abilities

• Extensive knowledge of and experience with processing and closing multifamily financing transactions that include HUD/FHA multifamily mortgage insurance Federal Low Income Housing Tax Credits (LIHTC), and other housing finance programs is required.
• Must have high-level computer skills (HMIS, Excel, Yardi a plus) with the ability to interpret and manipulate data.
• Superior financial and analytical skills necessary.
• Strong written and verbal communication skills required.
• Ability to manage multiple tasks, transactions and meet deadlines.
• Ability to make presentations to a varied audience.
• Previous experience working with a Housing Finance Agency and/or Public Housing Authority preferred.

Pay

Grade 28 - Min: $86,412 / Mid: $116,527 / Max: $146,641 | Salary determined by departmental budget - Offer commensurate with experience.

Benefits

HOC is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. HOC promotes a drug-free workplace. HOC conducts criminal background checks, employment reference checks, and where applicable, reviews driving records in determining suitability for employment. Selected applicants will be required to submit to pre-employment drug and alcohol screening. Employment is contingent upon drug and alcohol test results.