Senior Underwriter

Volunteers of America National Services (VOANS)•Alexandria, VA

3d•$160,000 - $170,000•Remote

About The Position

Volunteers of America National Services (VOANS) is seeking a Senior Underwriter. This role can be performed remotely or on-site at the Alexandria, VA office. This position is an opportunity to lead financial operations within a mission-driven healthcare organization. The Senior Underwriter will oversee and manage financial analysis for facilities development, provide technical assistance in the application of tax credit regulations, assist in the transition of development to management, ensure adequate cash flow for development, and serve as the principal financial liaison with funding and reporting sources during the development phase. This role also supervises a staff of two (2) Underwriters.

Requirements

Bachelor’s degree in related field or equivalent experience (Graduate or related Certified Training preferred).
15 years of experience of progressively responsible related experience in housing development and financial analysis, as well as exceptional financial and accounting performance within a sophisticated multi-site/multi-state operating environment.
Leadership abilities and strategic thinking in order to plan, implement and accomplish goals, organization policies and other processes.
Ability to analyze, problem-solve, and collaborate effectively
Knowledge of housing development best practices, laws, requirements, and HUD and other housing regulatory processes is essential.
Ability to understand, summarize, and synthesize key financial and legal documents.
Good understanding of the field’s concepts, practices, and procedures.

Nice To Haves

Graduate or related Certified Training preferred.

Responsibilities

Complete internal financial underwriting of all real estate development transactions using standard modeling, including financial analysis and risk assessment.
Provide underwriting and risk analysis to executive leadership and the Real Estate Loan Committee of the VOANS board.
Analyze industry trends and standards related to real estate underwriting; recommend changes to underwriting standards and procedures as necessary.
Develop and maintain standard internal underwriting models for different transaction types including, but not limited to, LIHTC transactions, bond transactions, market rate equity transactions, etc.
Disseminate information and coordinate inter departmental training related to transaction underwriting.
Review gap financing packages for Real Estate Loan Committee and review packages for VOANS Board on third party financing requests such as LIHTC and FHLB funding, and review packages requesting approval for closings from VOANS Board.
Assist senior management in strategic planning for property development, board reporting, and financial outlook of current projects and for future growth in property development.