Senior Underwriter - CRE Tax Credit

Fifth Third Bank • Chicago, IL

1d • Onsite

About The Position

Fifth Third Bank is seeking a Senior Underwriter - CRE Tax Credit to join their team. This role involves collaborating with Line of Business (LOB) and Credit Risk partners throughout the credit lifecycle, from underwriting to post-closing procedures. The primary focus is on managing risk by fostering open communication, adhering to policies, and ensuring a positive customer experience within the bank's risk appetite. The role requires consistent identification, assessment, management, monitoring, and reporting of all types of risks.

Requirements

• College degree in accounting, finance, business administration, or economics.
• 7+ years of total work experience.
• 4+ years in CRE and CDFI underwriting.
• Proficiency in Microsoft Word, Excel, Outlook, and Internet Explorer.
• Highly organized and able to manage multiple detailed tasks and processes concurrently.

Nice To Haves

• Experience in LIHTC, NMTC, HTC a plus.
• Advanced skills in Excel are a plus.
• Excellent verbal and written communication skills.
• Attention to detail.

Responsibilities

• Focus on new money deals for new and existing borrowers.
• Collaborate with Relationship Managers (RM) and Investment Directors (ID) on initial deal review, modeling, and structuring, including creating the Opportunity Memo.
• Assist RM/IDs with deal pre-clearance within the Community Development Lending and Investment Group.
• Work with RM/IDs, customers/prospects, and third-party providers to obtain due diligence information.
• Utilize and analyze resources to prepare the credit approval document.
• Coordinate with RM/ID and Credit Risk to obtain proper credit approval.
• Engage and manage legal counsel and negotiate legal documentation with RM/ID.
• Manage the closing, funding, and booking process in cooperation with Loan Closing Specialists and Credit Collateral Operations.
• Complete internal and external post-closing items.
• Underwrite deal amendments and restructurings.
• Handle special projects and assignments as requested.
• Aid in the development of junior team members.

Benefits

• Comprehensive benefits and differentiated compensation offerings
• Eligible to participate in an incentive compensation plan
• Extensive benefits programs designed to support the individual needs of employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

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