Senior Underwriter - CRE Tax Credit

Fifth Third Bank • Cincinnati, OH

3d • $96,500 - $207,500 • 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. The position will focus on new money deals for both new and existing borrowers, requiring close collaboration with Relationship Managers (RM) and Investment Directors (ID) on deal structuring, modeling, and pre-clearance. The Senior Underwriter will also be responsible for obtaining due diligence information, preparing credit approval documents, coordinating with Credit Risk for approval, managing legal counsel and documentation, and overseeing the closing, funding, and booking processes. Additionally, the role involves handling deal amendments, restructurings, special projects, and contributing to the development of junior team members.

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 our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

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