LIHTC Loan Officer

The Bank of Missouri•Perryville, MO

4d•Remote

About The Position

LIHTC Loan Officer is responsible for managing significant loan relationships as a senior representative to The Bank of Missouri’s specialty finance clients. This position is heavy in credit management, relationship management, business development, and financial analysis. The position requires a high attention to detail and the ability to meet deadlines while working in a client centric environment. Experience with the LIHTC industry and financing is required.

Requirements

Bachelor's degree (potentially in finance or accounting).
8+ years of relevant work experience in LIHTC Lending
Excellent PC skills, strong skills with Microsoft Excel and Word
Demonstrated ability to interact effectively with various levels within the organization
Ability to demonstrate excellent detail orientation, critical thinking and analytical skills
Displays excellent time management, organizational and problem-solving skills
Ability to work well under pressure and meet deadlines
Must have strong verbal, written and interpersonal communication skills
Experience with the LIHTC industry and financing is required.

Responsibilities

LIHTC loan underwriting for credit quality through the review of financial statements, business plans, public information databases, and background searches
Manage large loan relationships, with many LIHTC project loans per relationship.
Be the liaison between the client and the bank.
Communicate the CEO and committee’s goals and parameters effectively to the loan relationship.
Communicate the client’s goals and requests effectively to the CEO, President, and loan committee.
Review, authorize, and recommend LIHTC loans for approval to loan committee.
Review and authorize LIHTC draws
Participate and communicate with the project development team regarding construction status
Monitor the entire life of a LIHTC construction development
Underwriting sources and uses
Underwriting contingency funding
Reviewing and approving draw requests including supporting documentation
Underwriting construction status compared to financing status
Monitoring Placed in Service Deadlines for the Credit
Monitor construction cost overruns compared to contingency sources
Analyze the LIHTC portfolio, segmented by loan type, relationship, state, communicate results to the loan committees, President, CEO
Present the portfolio monitoring results to the loan committees, identifying and communicating high risk items
Monitor updates and pending changes of the LIHTC program (federal) and individual states and communicate the impact to current and prospective LIHTC portfolio to the committee
Preparation of written credit proposals and presentations to various credit committees
Ensures existing credit relationships adhere to covenants and conditions and that required information is obtained in a timely manner through monthly or quarterly monitoring.
Enhance current monitoring processes, worksheets, and presentations.
Prepare LIHTC portfolio and loan relationship presentations to allow assessment of risk and opportunity
Participate in all loan committees of the bank
Communicate with clients regarding specific credit or documentation inquires and follow up
Communicate with other banks who may purchase amounts of M1’s loans.
Communicate with bank attorneys regarding loan documents, collateral, and perfection.
Communicate with bank examiners (Missouri Division of Finance and FDIC) during bank examinations on the bank’s LIHTC credits and the LIHTC program and general.
Comply with all banking laws and compliance rules
Maintain, communicate and follow-up with loan servicing and loan analysts regarding pending/missing items and day to day operations.
Collaborate with management to Identify opportunities for process improvements, system enhancements, and procedural changes as part of the growth and maturation of the company.