Construction Loan Portfolio Manager
About The Position
Join Virginia Housing and help make a difference as a Construction Loan Portfolio Manager This position will oversee a portfolio of multifamily affordable housing construction loans from origination through closing and conversion, with a focus on monitoring performance of the projects during construction, identifying potential issues, and supporting the development team in addressing problem loans. This position will support the review of new loan applications and actively manage the lender role on underperforming projects, working closely with the Virginia Housing team, borrowers, and general contractors to protect Virginia Housing’s interests. Additionally, this role will assist with portfolio analysis to help drive future production decisions. 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. We offer on-site conveniences such as a fitness center and free parking. Educational opportunities to help your advancement are available through classroom and online programs.
Requirements
- Bachelor’s degree or equivalent experience in Real Estate, Finance, Urban Planning or related field.
- Many years of experience in multi-family real estate finance, affordable housing, or commercial development.
- Demonstrated experience in construction loan underwriting, project management, and negotiation.
- A valid driver’s license.
Nice To Haves
- Affordable housing programs including Low Income Housing Tax Credits.
- Working with a special servicer or in other construction workout situations
- Credit analysis
Responsibilities
- oversee a portfolio of multifamily affordable housing construction loans from origination through closing and conversion
- monitoring performance of the projects during construction
- identifying potential issues
- supporting the development team in addressing problem loans
- support the review of new loan applications
- actively manage the lender role on underperforming projects
- working closely with the Virginia Housing team, borrowers, and general contractors to protect Virginia Housing’s interests
- assist with portfolio analysis to help drive future production decisions
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What This Job Offers
Job Type
Full-time
Career Level
Manager
