Director, Underwriting

Role Overview

• Lead and manage a team of underwriters and associates
• Coach, mentor, and train both new and established underwriters
• Schedule workloads and assign deals to underwriters to balance effort throughout the year, ensuring a breadth of experience with different investors and markets
• Maintain our expertise in serving proprietary investors and major markets
• Serve as the primary interface for the underwriting process with one or more proprietary investors
• Lead the engagement, supported by one or more underwriters
• Ensure that underwriters meet performance expectations
• Step in to manage deals and closings for underwriters on leave and independently underwrite one or more investments per year if necessary
• Plan and lead group meetings and discussions to build a highly effective and motivated team of professional underwriting project managers and closers
• Develop retreats with meaningful training sessions and collaboration with other departments/consultants
• Jointly lead efforts to improve underwriting effectiveness
• Participate in ongoing process improvement working groups and manage ad-hoc groups to address specific problems and solutions
• Work with credit, LIHTC structuring services, investor relations, and others to organize, coordinate, and lead training programs
• Schedule regular training sessions throughout the year, both virtually and during special events such as retreats and staff meetings
• Lead training sessions or portions of them as appropriate
• Collaborate with internal partners to better organize training resources, including LIHTC Structuring trainings, the Analyst Resource Hub, the Underwriter Resource Hub, and the Associate page

Requirements

• Bachelor’s degree in Business, Accounting or Finance, or related field required
• Master’s degree preferred
• 8+ years’ experience real estate finance, affordable housing and/or LIHTC program, apartment market dynamics in both urban and suburban areas
• Extensive knowledge of LIHTC and strong financial analysis skill is required
• Experience in closing real estate transactions highly preferred
• Ability to manage multiple tasks effectively under significant time pressure to meet closing deadlines
• Extensive Excel modeling skills required
• Proficient knowledge of MS Word and Power Point a plus
• Strong writing /editing skills needed to produce correspondence and reports
• Prior management and/or team leadership experience preferred
• Demonstrated verbal communication and interpersonal skills to represent company to all parties
• Demonstrates professionalism, diplomacy and composure and is flexible and able to adapt to a variety of situations
• Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines
• Must be highly motivated, be 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
• Ability to work evening and weekend hours during peak periods

Benefits

• Annual performance bonuses
• Generous paid leave programs
• Dental, health, and vision care plans
• Family-building benefits such as adoption and surrogacy support
• Flexible work arrangements
• Health advocacy, Employee Assistance Program (EAP), and mental health benefits
• Financial education and wellness programs
• Auto-enrollment in the company’s 401(k) plan with employer matching contributions
• Tuition reimbursement for job-related courses and certifications