Credit Underwriter

Seltzer Management Group Inc•Panama City Beach, FL

5d•$60,000 - $85,000•Onsite

About The Position

This position is responsible for independent work, assisting in the coordination of administrative tasks, and/or assignments within the Credit Underwriting Department for underwriting multifamily housing developments (new construction, acquisition/rehabilitation, renovation, redevelopment and preservation) assigned to Seltzer Management Group.

Requirements

Strong analytical skills
Proficiency with Microsoft Office, Advanced skills in Microsoft Excel a plus
Ability to handle multiple tasks simultaneously
Excellent oral and written skills
Ability to operate independently and exercise sound judgment
A Bachelor’s degree in Accounting/Finance or financial institution experience.
3-5 years commercial real estate analysis, lending (preferably loan underwriting) or banking experience
A background in the financial services industry, with experience performing financial modeling and analysis

Nice To Haves

Advanced skills in Microsoft Excel a plus

Responsibilities

Underwriting proposed transactions, adhering to the applicable statutes that govern the programs (e.g. Housing Credit Program, State Apartment Incentive Loan, Multifamily Mortgage Revenue Bond Program, and others as assigned) from which the proposed transaction is seeking funding
Determining eligibility and feasibility of the proposed transaction for assistance
Calculating loan or credit amount to be awarded
Determining compliance with regulations governing assistance and establishing terms and conditions of the funding award
Engaging and analyzing third-party reports (e.g. Market Study, Appraisal, Phase I Environmental Site Assessment, Capital Needs Assessment, Plan and Cost Analysis, Site Visit, etc.)
Perform a thorough review and analysis of the experience and financial capacity of the borrower
Review applications and work with the borrower to collect all required documents
Participating in closing loans underwritten by Seltzer Management Group
Provide client(s) with requested documentation to assist with audit/quality assurance functions
Perform other related work as required