Multifamily Development Underwriter (Hybrid)

State of South Carolina; South Carolina; On-site; USD 60,000 - 85,000; Full time

Benefits offered by this job

Telecommuting options

Paid time off

Paid holidays

Health, dental, vision insurance

Job summary

SC Housing seeks a Development Underwriter to support its Development Finance Division in Columbia, SC. You will review multifamily housing proposals, analyze costs and funding structures, and prepare underwriting recommendations under LIHTC, HOME, and related programs.

The position requires an associate degree plus four years of experience, strong financial analysis and underwriting skills, and advanced Excel proficiency to build and maintain underwriting models and guidelines.

Qualifications

• Associate degree plus 4 years of experience in accounting, underwriting or related field
• Strong financial analysis and underwriting skills for multifamily housing
• Proficiency in Microsoft Excel and building underwriting models
• Ability to interpret housing program guidelines and regulatory requirements

Responsibilities

• Review multifamily housing development proposals seeking financial assistance by analyzing development costs, sources and uses of funds, operating budgets, rent projections, and financing structures; evaluate compliance with program requirements and underwriting standards, calculate key financial metrics, and prepare written underwriting summaries and recommendations for internal review and approval.
• Develop, update, and maintain Excel-based underwriting and financial analysis models used to evaluate multifamily rental housing proposals. Design and test formulas, assumptions, and calculations to ensure accuracy, consistency, and alignment with underwriting policies and program requirements.
• Assist in the development and revision of underwriting guidelines and policies used to evaluate multifamily rental housing applications. Analyze regulatory requirements and program needs, draft technical guidance, and support consistent application of underwriting standards.

Skills

Financial analysis

Underwriting skills

Problem solving

Time management

Communication skills

Excel

Education

Associate's degree in accounting/real estate/finance/economics/mathematics

Tools

Excel

Job description

SC Housing seeks a Development Underwriter to support its Development Finance Division in Columbia, SC. You will review multifamily housing proposals, analyze costs and funding structures, and prepare underwriting recommendations under LIHTC, HOME, and related programs.

The position requires an associate degree plus four years of experience, strong financial analysis and underwriting skills, and advanced Excel proficiency to build and maintain underwriting models and guidelines.