LIHTC Loan Officer

The Bank of Missouri; St. Louis (MO); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Personal paid time off

401K and Employee Stock Option Plan

Generous medical, dental, vision, life

Fitness reimbursement

Learning opportunities

Job summary

The Bank of Missouri is looking for a LIHTC Loan Officer to manage significant loan relationships. This role involves credit management, financial analysis, and business development in a client-centric environment.

The ideal candidate will have at least 8 years of experience in LIHTC Lending and excellent analytical and communication skills. Enjoy great benefits including paid time off, insurance, and growth opportunities.

Qualifications

• 8+ years of experience in LIHTC Lending.
• Excellent PC skills with strong proficiency in Excel and Word.
• Demonstrated ability to interact effectively within the organization.

Responsibilities

• Manage significant loan relationships for LIHTC finance clients.
• Perform LIHTC loan underwriting and credit quality assessment.
• Communicate client and committee goals effectively.

Skills

Analytical skills

Communication skills

Detail orientation

Time management

Problem-solving skills

Education

Bachelor's degree in finance or accounting

Tools

Microsoft Excel

Microsoft Word

Job description

At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.

About our Company:

Staying in business for more than 130 years is hard. Really hard. But, thanks to our great customers in the communities we serve and our entire team, we’ve grown from one bank, once known as The Bank of Perryville, to now 30 locations in 25 communities across Missouri.

If you think about it, since 1891 when the bank was founded, we’ve endured many events: the Great Depression, two World Wars and the Financial Crisis of 2007-2008. We are a growing, $4.2 billion institution with plans to further expand as opportunities present themselves. With our roots firmly planted in Perryville, Missouri, we continue to grow; evolving and expanding with our amazing team, customers and communities.

Those principles are the reason we are still in business today: caring for people and communities is our foundation. With every financial decision we make, we bear those values in mind, every time. We are proud, but above all, very privileged to say, “We’ve been community banking since 1891.” We look forward to the bright future which lies ahead for the shareholders, employees, customers and communities served by The Bank of Missouri.

About this job:

LIHTC Loan Officer is responsible for managing significant loan relationships as a senior representative to The Bank of Missouri’s specialty finance clients. This position is heavy in credit management, relationship management, business development, and financial analysis. The position requires a high attention to detail and the ability to meet deadlines while working in a client centric environment. Experience with the LIHTC industry and financing is required.

Here are some of the great benefits you will enjoy as a member of our team:

• Personal paid time off, as eligible and paid holidays
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

As a LIHTC Loan Officer you will:

• LIHTC loan underwriting for credit quality through the review of financial statements, business plans, public information databases, and background searches
• Manage large loan relationships, with many LIHTC project loans per relationship. Be the liaison between the client and the bank.
• Communicate the CEO and committee’s goals and parameters effectively to the loan relationship.
• Communicate the client’s goals and requests effectively to the CEO, President, and loan committee.
• Review, authorize, and recommend LIHTC loans for approval to loan committee. LIHTC products for M1 include LHITC Construction, LIHTC Equity, LIHTC pre development
• Review and authorize LIHTC draws
• Participate and communicate with the project development team regarding construction status
• Monitor the entire life of a LIHTC construction development
• Underwriting sources and uses
• Reviewing and approving draw requests including supporting documentation
• Underwriting construction status compared to financing status
• Monitoring Placed in Service Deadlines for the Credit
• Monitor construction cost overruns compared to contingency sources
• Analyze the LIHTC portfolio, segmented by loan type, relationship, state, communicate results to the loan committees, President, CEO
• Present the portfolio monitoring results to the loan committees, identifying and communicating high risk items
• Monitor updates and pending changes of the LIHTC program (federal) and individual states and communicate the impact to current and prospective LIHTC portfolio to the committee
• Preparation of written credit proposals and presentations to various credit committees
• Ensures existing credit relationships adhere to covenants and conditions and that required information is obtained in a timely manner through monthly or quarterly monitoring.
• Enhance current monitoring processes, worksheets, and presentations.
• Prepare LIHTC portfolio and loan relationship presentations to allow assessment of risk and opportunity
• Participate in all loan committees of the bank
• Communicate with clients regarding specific credit or documentation inquires and follow up
• Communicate with other banks who may purchase amounts of M1’s loans.
• Communicate with bank attorneys regarding loan documents, collateral, and perfection.
• Communicate with bank examiners (Missouri Division of Finance and FDIC) during bank examinations on the bank’s LIHTC credits and the LIHTC program and general.
• Comply with all banking laws and compliance rules
• Maintain, communicate and follow-up with loan servicing and loan analysts regarding pending/missing items and day to day operations.
• Collaborate with management to Identify opportunities for process improvements, system enhancements, and procedural changes as part of the growth and maturation of the company.

Qualifications for Success:

The successful candidate will possess general business, analytical and critical thinking skills and experience. Additionally, the ideal candidate should possess the following:

• Bachelor's degree (potentially in finance or accounting).
• 8+ years of relevant work experience in LIHTC Lending
• Excellent PC skills, strong skills with Microsoft Excel and Word
• Demonstrated ability to interact effectively with various levels within the organization
• Ability to demonstrate excellent detail orientation, critical thinking and analytical skills
• Displays excellent time management, organizational and problem-solving skills
• Ability to work well under pressure and meet deadlines
• Must have strong verbal, written and interpersonal communication skills

The Bank of Missouri is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please contact us or call toll-free 888-547-6541.