National Underwriter

Local Initiatives Support Corporation • Boston, MA

413d • $102,000 - $127,500

About The Position

The National Underwriter position at LISC is a critical role within the Lending Department, responsible for providing technical assistance and underwriting support to local Program Officers. The National Underwriter will manage underwriting for national and regional borrowers, leveraging public and private resources to support LISC's community development mission. This role involves analyzing financing requests, collaborating with various stakeholders, and ensuring the successful deployment of LISC's financing products.

Requirements

• Bachelor's degree from an accredited college or university in business, finance, real estate or related fields.
• Master's degree preferred.
• Minimum 5 years of professional experience in housing and community development and/or multifamily real estate development is preferred, including project financing, market analysis, deal structuring, and financial analysis.
• Demonstrated ability to manage multiple transactions at various stages and coordinate with multiple internal and external parties to meet approval and closing deadlines.
• Strong working knowledge of MS Office Suite programs in particular MS Excel and Word.
• Deep knowledge of and experience with community development financing preferred including but not limited to tax credits (low-income housing, historic, and new market); tax-exempt bonds; and federal, state and city subsidy programs.
• Knowledge of key concepts related to the overlap of environmental sustainability and community development.
• Strong verbal and written communication skills.
• Ability to work both independently and collaboratively.
• Highly detail-oriented and ability to convey complex information clearly and concisely.
• Demonstrated interest in LISC's community development mission.

Nice To Haves

• Knowledge of real estate law
• Experience with LIHTC Loan origination
• Financial analysis skills

Responsibilities

• Screen, structure and underwrite financing requests including analyzing operating performance, historical and projected financial performance, management capacity, organizational structure, and project feasibility for housing, commercial, and mixed-use projects.
• Provide support to local LISC staff on project-specific analysis, deal structuring assistance and underwriting.
• Support the deployment of national public and private funding sources in support of LISC's community development mission.
• Collaborate with internal and external parties (banks, co-lenders, attorneys, etc.) to structure financings including managing intercreditor negotiations; reviewing real estate contracts, leases and due diligence; and identifying and negotiating key risks and mitigants including reserves, guarantees and other forms of credit enhancement.
• Present loan recommendations for credit approval and manage the closing process with in-house and external counsel.
• Provide technical assistance to internal LISC staff on project planning, development models and financing options.
• Coordinate internal and external relationships that are critical to growth of the LISC loan portfolio.
• Review and decision loan intakes as assigned.
• Support and work with LISC management to develop strategic collaborations with public sector agencies at the local, state and federal levels that leverages LISC's capabilities and national platform.
• Participate in training and continuous improvement efforts.
• Perform all other duties as assigned.

Benefits

• Disability insurance
• Health insurance
• Dental insurance
• 401(k)
• Tuition reimbursement
• Paid time off
• Vision insurance
• 403(b)
• Referral program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Professional, Scientific, and Technical Services
• Education Level: Bachelor's degree