LIHTC Underwriter

PEG Staffing & Recruiting; Missouri; On-site; USD 80,000 - 110,000; Full time

Job summary

A well-established financial institution is seeking a highly analytical LIHTC Underwriter to join its specialty finance lending team. This role supports the full lifecycle of LIHTC construction and equity financing, from origination through portfolio monitoring and risk management.

The ideal candidate will have LIHTC underwriting experience, strong financial analysis capabilities, and the ability to work in a deadline-driven, data-intensive environment.

Qualifications

• Bachelor’s degree in Finance, Business, Accounting, Real Estate, or related field.
• 3+ years of LIHTC underwriting or affordable housing finance.
• Strong ability to analyze financial statements and project financial structures.
• Advanced proficiency in Microsoft Excel and financial reporting tools.
• Excellent analytical, critical thinking, and problem-solving skills.
• Attention to detail and ability to manage large volumes of data.
• Strong written, verbal, and presentation skills.
• Ability to synthesize large amounts of information and provide concise credit recommendations.
• Proven ability to manage deadlines in a fast-paced lending environment.

Responsibilities

• Perform comprehensive LIHTC loan underwriting and evaluate credit quality through financial statement analysis, business plans, public records, and background research.
• Participate in end-to-end loan origination for LIHTC construction, equity, and pre-development financing.
• Prepare detailed credit memorandums and underwriting analyses for review by internal credit and loan committees.
• Present underwriting findings and risk assessments to the Loan Committee.
• Monitor lifecycle of LIHTC construction developments including budgets and regulatory timelines.
• Underwrite sources and uses, contingency funding, and project financial structures.
• Review and approve construction draw requests and supporting documentation.
• Track Placed-in-Service deadlines and regulatory timelines for tax credit compliance.
• Conduct portfolio-level analysis and identify emerging risks for leadership.
• Coordinate with loan officers, servicing teams, legal counsel, and banks in syndicated financing.
• Support regulatory examinations with LIHTC portfolio documentation.

Skills

LIHTC underwriting

Financial statement analysis

Microsoft Excel

Credit analysis

Portfolio monitoring

Presentation skills

Education

Bachelor’s degree in Finance, Business, Accounting, Real Estate, or related field

Tools

Financial reporting tools

Job description

A well-established financial institution is seeking a highly analytical and detail-oriented LIHTC Underwriter to join its specialty finance lending team. This role supports the full lifecycle of Low-Income Housing Tax Credit (LIHTC) construction and equity financing, from origination and underwriting through portfolio monitoring and risk management.

The ideal candidate will bring direct LIHTC underwriting or financing experience, strong financial analysis capabilities, and the ability to operate in a deadline-driven, data-intensive environment. This position works closely with senior lending leadership and plays a key role in presenting underwriting analysis and portfolio performance to the Loan Committee.

Key Responsibilities

• Perform comprehensive LIHTC loan underwriting, evaluating credit quality through financial statement analysis, business plans, public records, and background research.
• Participate in the end-to-end loan origination process, including underwriting LIHTC construction, equity, and pre-development financing.
• Prepare detailed credit memorandums and underwriting analyses for review and presentation to internal credit and loan committees.
• Present underwriting findings and risk assessments directly to the Loan Committee.
• Monitor the entire lifecycle of LIHTC construction developments, including construction progress, financing status, and project compliance.
• Underwrite sources and uses, contingency funding, and project financial structures.
• Review and approve construction draw requests and supporting documentation.
• Evaluate construction progress relative to financing milestones and identify potential risks.
• Track Placed-in-Service deadlines and other regulatory timelines associated with tax credit compliance.
• Monitor construction budgets and cost overruns relative to contingency reserves.
• Conduct portfolio-level analysis across the LIHTC loan portfolio, segmented by loan type, borrower relationship, and geographic region.
• Identify emerging risks within the portfolio and communicate findings to senior leadership and loan committees.
• Track federal and state LIHTC program updates and assess their impact on existing and prospective projects.
• Ensure borrower compliance with loan covenants and reporting requirements through ongoing monitoring.
• Communicate directly with borrowers regarding credit inquiries, documentation, and project updates.
• Coordinate with loan officers, loan servicing teams, legal counsel, and participating banks involved in syndicated financing structures.
• Support regulatory examinations by preparing documentation and providing information related to the institution’s LIHTC portfolio.
• Maintain compliance with all applicable banking regulations, policies, and credit standards.
• Identify opportunities to improve underwriting processes, reporting tools, and portfolio monitoring systems.

Qualifications

• Bachelor’s degree in Finance, Business, Accounting, Real Estate, or a related field.
• 3+ years of experience in LIHTC underwriting, LIHTC financing, or affordable housing finance.
• Strong ability to analyze financial statements and project financial structures.
• Advanced proficiency in Microsoft Excel and financial reporting tools.
• Excellent analytical, critical thinking, and problem-solving skills.
• Exceptional attention to detail and ability to manage large volumes of financial data.
• Strong written, verbal, and presentation skills with the ability to communicate complex financial concepts clearly.
• Ability to synthesize large amounts of information and provide concise, well-supported credit recommendations.
• Proven ability to manage deadlines and prioritize work in a fast-paced lending environment.
• Strong interpersonal skills and the ability to collaborate effectively across lending, credit, and operational teams.