Director, Underwriting

Enterprise Community Partners

2d • $145,000 - $190,000

About The Position

The Acquisitions team is hiring a Director of Underwriting to lead and mentor a team, ensuring workload balance and expertise in serving proprietary investors and major markets. This role will oversee the underwriting process, manage performance expectations, and step in for deal management as needed. Candidates should have a relevant degree, extensive real estate finance experience, strong financial analysis skills, and the ability to handle multiple tasks under pressure while demonstrating professionalism and effective communication.

Requirements

• Bachelor’s degree in Business, Accounting or Finance, or related field required.
• 8+ years’ experience 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
• Extensive knowledge of LIHTC and strong financial analysis skill is required.
• Ability to manage multiple tasks effectively under significant time pressure to meet closing deadlines.
• Extensive Excel modeling skills required.
• Strong writing /editing skills needed to produce correspondence and reports.
• 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.
• Incumbent is expected to demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member.
• 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.

Nice To Haves

• Master’s degree preferred.
• Experience in closing real estate transactions highly preferred.
• Proficient knowledge of MS Word and Power Point a plus.
• Prior management and/or team leadership experience preferred.

Responsibilities

• 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 curate and organize training resources, including ongoing Underwriting trainings, LIHTC Structuring trainings, and the Acquisitions and Underwriting Resource Hub.

Benefits

• dental, health, and vision care plans
• family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care
• flexible work arrangements
• health advocacy
• EAP
• mental health benefits
• financial education
• wellness programs
• auto-enrollment in the company's 401(k) plan with employer matching contributions
• learning and development opportunities, including tuition reimbursement for job-related courses and certifications
• generous paid leave programs

What This Job Offers

• Job Type: Full-time
• Career Level: Director