Senior Underwriter

National Church Residences•Columbus, OH

14d

About The Position

According to prescribed policies and procedures of the organization including all applicable federal, state, and local regulations and under the general supervision of the Director of Development Finance, this role will support real estate development initiatives by providing comprehensive financial analysis and underwriting expertise for Low Income Housing Tax Credit (LIHTC) projects. This role plays a key part in evaluating the financial feasibility of LIHTC developments from initial deal origination through financial closing. By preparing detailed financial models, conducting due diligence, and collaborating with internal and external stakeholders, the underwriter ensures that each project aligns with regulatory requirements and organizational goals. Key responsibilities include: Overseeing all financial components of loan closings, including those related to construction and refinancing. Leading the underwriting process for National Church Residences and producing comprehensive financial reports, including construction period analysis and projections. Collaborating closely with HUD, lenders, auditors, and external stakeholders to ensure effective and timely communication throughout the development process. Conducting in-depth financial analysis and reporting to inform and support strategic real estate development efforts.

Requirements

College degree required in applicable field; finance degree and/or masters preferred.
Minimum 5 years of finance experience, preferably in affordable housing programs.
Must have strong modeling/Excel skills and working knowledge of Windows, Microsoft Office Suite, and World Wide Web.
Applicant must possess strong problem solving and critical thinking skills.
Must have excellent communication, comprehension, and interpersonal skills.
Must have the ability to speak, read, write and understand English, as well as the ability to make self-understood.
Must have very strong proficiency in Microsoft Office suite, Windows, etc. and capacity for learning new software systems quickly.
Must be self-directed with excellent organizational skills and the ability to manage tasks and assignments concurrently.
Must be able to successfully lead others in an environment of complexity.
Must have strong knowledge and understanding of affordable housing programs including Low Income Housing Tax Credits and HUD programs, a strong background in financial modeling, solid analytical and problem-solving skills, highly developed verbal and written communication skills.

Nice To Haves

Real estate/development knowledge preferred.

Responsibilities

Financial Modeling & Analysis Develop, maintain, and update complex financial models for LIHTC projects, including 4% and 9% tax credit structures and project refinances.
Conduct scenario and sensitivity analyses (e.g., interest rate fluctuations, rent changes, vacancy rates) to assess project risk and viability.
Perform comparative debt analyses across various financing products (FHA, Fannie Mae, Freddie Mac, conventional loans, etc.).
Underwriting & Quality Control Ensure accuracy and integrity of acquisition and tax credit financial models, including alignment with underwriting standards and project budgets.
Support Project Leaders by providing timely updates and insights on financial projections and assumptions.
Loan Closings & Conversions Assist the Director of Closings in preparing for and executing final loan closings.
Underwrite, coordinate, and submit comprehensive loan conversion packages to lenders and regulatory agencies.
Equity Installments Analyze partnership agreements and investor letters to understand equity installment schedules, conditions, and triggers.
Develop and maintain equity draw schedules aligned with project milestones, construction timelines, and investor requirements.
Ensure all conditions precedent to equity installments (e.g., construction progress, cost certifications, lease-up benchmarks) are met and documented.
Compile and submit equity draw packages to investors, including required financial reports, certifications, and third-party documentation.
Serve as the point of contact for equity partners regarding funding status, documentation needs, and project updates.
Stakeholder Communication & Coordination Serve as a point of contact with internal teams (asset management, construction accounting) and external stakeholders (investors, lenders, state agencies).
Respond to financial information requests from construction accounting staff and external parties.
Reporting & Documentation Prepare and present detailed financial reports, including construction period analyses and investor-related documentation requests.
Maintain organized records of underwriting assumptions, model versions, and supporting documentation.
Relationship Management Build and maintain effective working relationships with internal departments and external partners.
Demonstrate strong communication and interpersonal skills to facilitate collaboration and resolve issues.