Multifamily Construction Lending Manager

Utah Housing Corporation • West Valley City, UT

1d • $100,000 - $130,000 • Hybrid

About The Position

Utah Housing Corporation (UHC) located in West Valley is hiring a Multifamily Construction Lending Manager to lead our condominium construction financing program, Risk Share lending, and other lending programs as needed. This position offers a unique opportunity to oversee a critical program that supports housing development while ensuring responsible financial management and risk mitigation. UHC offers a hybrid work schedule with a salary between $100,000 and $130,000, depending on experience and education.
As the Multifamily Construction Lending Manager, you will manage the full lending process, from evaluating loan applications and analyzing project feasibility to managing loan disbursements and ensuring successful project completion. You will assess the creditworthiness of borrowers, review financial documentation, and develop underwriting recommendations that align with UHC's policies and procedures. Working closely with developers, legal counsel, and financial professionals, you will coordinate loan closings, manage project draw requests, and ensure compliance with financial and regulatory requirements.
The Multifamily Construction Lending Manager requires expertise in real estate finance, lending, and credit analysis, along with strong relationship-building skills to engage borrowers and industry stakeholders. You will collaborate with the VP of Multifamily Development to refine program policies and explore additional multifamily lending initiatives. Attending construction meetings, monitoring project progress, and proactively mitigating financial and operational risks will be essential to success in this role. You will also work closely with UHC's Financial Services team to ensure accurate loan accounting, timely draw payments, and smooth loan repayments.

Requirements

• A four-year degree in accounting, business, finance, or a related field, though highly relevant work experience may be considered in place of education.
• A minimum of six years of professional experience in multifamily lending is required.
• Strong analytical and problem-solving skills are essential, as well as the ability to manage multiple projects, communicate effectively with stakeholders, and navigate complex financial transactions.
• Occasional travel for site visits, industry conferences, and business development efforts.

Responsibilities

• Manage the full lending process, from evaluating loan applications and analyzing project feasibility to managing loan disbursements and ensuring successful project completion.
• Assess the creditworthiness of borrowers, review financial documentation, and develop underwriting recommendations that align with UHC's policies and procedures.
• Coordinate loan closings, manage project draw requests, and ensure compliance with financial and regulatory requirements.
• Refine program policies and explore additional multifamily lending initiatives.
• Attend construction meetings, monitor project progress, and proactively mitigate financial and operational risks.
• Ensure accurate loan accounting, timely draw payments, and smooth loan repayments.

Benefits

• Employees receive employer contributions to Utah Retirement Systems (URS), along with medical, dental, and vision coverage through PEHP.
• Those selecting a High Deductible Health Plan also benefit from bi-annual HSA contributions.
• Additional perks include flexible spending accounts, group term life and accident insurance, and a variety of retirement savings options, including 401(k), 457, IRA, and Roth IRA plans.
• Generous paid time off includes vacation, sick leave, and 12 paid holidays, ensuring a healthy work-life balance.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 11-50 employees