Assistant Underwriter, Multifamily Affordable

LIHTC Leaders; Tampa (FL); On-site; USD 65,000 - 90,000; Full time

Job summary

Neighborhood Lending Partners (NLP) seeks a detail-oriented underwriting teammate to evaluate affordable multi- and single-family developments using LIHTC and conventional financing. Reporting to the COO, the role focuses on credit risk, financial analysis, and underwriting new transactions as funding sources emerge.

You will work closely with member banks and customers to prepare packages, perform annual reviews, and provide credit research to support loan decisions within a collaborative,

Qualifications

• Bachelor's degree in finance, business, economics, real estate, or related field.
• 1-2 years of Commercial Banking experience preferred.
• Excellent verbal and written communication skills.
• Excellent interpersonal skills.
• Must be detail-oriented.
• Proficient in Microsoft 365 programs, including MS Word and Excel.

Responsibilities

• Utilize and enhance financial models for development budgets, sources of financing, and operating pro-formas.
• Prepare underwriting packages for loan committee review.
• Complete financial analysis of borrowers' statements.
• Provide credit research as directed.
• Assist Portfolio Manager with annual portfolio assessments.
• Provide ongoing risk monitoring of the loan portfolio.
• Perform other duties as assigned.

Skills

Attention to detail

Communication

Interpersonal skills

MS Word & Excel

Salesforce CRM

Education

Bachelor's degree in finance, business, economics, real estate, or related field

Tools

Microsoft 365 (Word, Excel)

Salesforce CRM

Job description

Location: Tampa, Florida, United States

Employment Type: Full-time

Role Summary

Neighborhood Lending Partners (NLP) seeks a detail-oriented, collaborative self-starter to join the Underwriting team. Reporting to the Chief Operating Officer, the incumbent will underwrite affordable multi- and single-family developments using a variety of different subsidies and financing structures including Section 42 Low Income Housing Tax Credit (LIHTC) equity, and conventional financing in senior and junior positions. Provides ongoing credit risk monitoring by performing annual reviews and generating loan grade recommendations. Assists with credit research and financial analysis. Underwrite new types of transactions as funding sources are identified. This role requires regular interaction with external stakeholders, including member banks and customers.

What You'll Do

• Utilize and enhance financial models detailing development budgets, financing sources and operating pro-formas for low-income housing with rental restrictions imposed by various forms of subsidy.
• Prepare underwriting packages to be presented to loan committee.
• Complete financial analysis of borrowers' financial statements.
• Provide credit research as directed.
• Assists Portfolio Manager in annual portfolio assessments
• Provides ongoing risk monitoring of loan portfolio per advisement of the Portfolio Manager.
• Perform other duties as assigned.

Qualifications

• Preferred Bachelor's degree in finance, business, economics, real estate, or a related field, with strong interest in lending and affordable housing.
• 1-2 years of Commercial Banking experience preferred
• Excellent verbal and written communication skills
• Excellent interpersonal skills
• Must be detail-oriented
• Proficient in Microsoft 365 programs, including MS Word and Excel.
• Salesforce CRM experience