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VP Commercial Underwriting - Affordable Housing
Location:
Phoenix, AZ
Description:
Job Title:VP Commercial Underwriting - Affordable HousingLocation:CityScapeWhat you'll do:The VP- Commercial Underwriter is responsible for underwriting difficult loans in the Affordable Housing space. The analyst reviews the loan structure, financial spreads, entity structures, collateral, market data and reports to understand inherent risks and prepare a recommendation to Credit Administration in the form of opportunity memos, loan presentations, administrative action memos, and annual reviews.What we are looking for: Underwrite affordable housing bond investments including analysis of: sponsorship/developer, location/market, sources and uses, capital structure, and operating proforma. As part of underwriting each transaction, review due diligence materials, including project loan documents and LP agreements, conduct site visits as needed, , participate in conference calls with financing team and outside counsel, Draft and present reports for credit committee approval including narrative descriptions, charts, graphs and tables illustrating pertinent aspects of the proposed investment, and identifying key credit strengths and weaknesses. Under the direction of manager, communicate and manage the transaction through the underwriting process using a positive, efficient and proactive approach that will encourage repeat business. Provide regular communication to manager regarding deal underwriting progress including process checklist review, due diligence review, and transaction timing. Identify and raise issues or challenges that may delay timely closing of the bond financing. Organize closed deal files for transition to Asset Management. Perform other duties as assigned.Qualifications Bachelor's degree in Business, Accounting or Finance, or related field required. 5+ years of experience in real estate finance, affordable housing and/or LIHTC program, apartment market dynamics in both urban and suburban areas, and familiarity with industry policies, issues, and programs. Strong financial analysis skill is required. Knowledge of LIHTC financings and /or experience in closing real estate transactions preferred. Extensive Excel modeling skills required. Proficient knowledge of MS Word and Power Point a plus. Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines. Highly motivated, able to work independently, solve problems and possess strong written and oral communication skills. Ability to maintain big picture focus while attending to detailed work and providing thorough documentation. Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines.Benefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email XXXX@westernalliancebank.com or call 602-386-XXXX. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.-- Western Alliance Bancorporation
Company:
Disability Solutions
Posted:
May 20 on TopUSAJobs
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More About this Listing: VP Commercial Underwriting - Affordable Housing
VP Commercial Underwriting - Affordable Housing is a Insurance Jobs VP Job at Disability Solutions located in Phoenix AZ. Find other listings like VP Commercial Underwriting - Affordable Housing by searching Oodle for Insurance Jobs VP Jobs.
VP Commercial Underwriting - Affordable Housing is a Insurance Jobs VP Job at Disability Solutions located in Phoenix AZ. Find other listings like VP Commercial Underwriting - Affordable Housing by searching Oodle for Insurance Jobs VP Jobs.