Underwriter, Lihtc Equity Jobs

Location:

127 Public Square - Cleveland, Ohio 44114

JOB TITLE:

Underwriter, LIHTC Equity

ABOUT THE BUSINESS:

Key Community Development Corporation (KCDC) provides much needed investment dollars for affordable housing and community development projects in urban and rural communities across all 50 states. Affordable housing owner-operators and developers looking to build, acquire and preserve affordable housing come to us because we know how to move complicated deals over the finish line. Our clients leverage Key’s broad, fully integrated platform. In addition, we can help assemble innovative and complex financing in conjunction with multiple for-profit, nonprofit and government entities. Helping communities thrive is more than our business, it’s our mission.

ABOUT THE JOB:

KCDC is seeking an experienced Underwriter with affordable housing and/or Low Income Housing Tax Credit experience. This individual will underwrite and evaluate community development focused low income housing tax credit equity investments.

WHAT YOU’LL GET FROM THIS OPPORTUNITY:

• Generous benefits – 401(k) matching (dollar-for-dollar up to 7%), PTO, fitness and tuition reimbursement and so much more
• Collaborative environment in which internal stakeholders guide clients through the underwriting and closing process
• Paid on the job training and access to a library of on-demand training courses
• A competitive base salary + discretionary bonus
• Access to Key’s leadership team in providing frequent, timely and accurate market feedback
• Be part of a specialized team that value our client relationships by developing a deep understanding of their needs with a focus on the long-term, full solution

ESSENTIAL JOB FUNCTIONS:

• Maintain and manage strong relationships with existing clients and prospects
• Prepare investment write-up for consideration by Senior Relationship Managers
• Obtain and analyze due diligence items including guarantor financials, market study/appraisal, environmental studies, tax credit documentation, financing documents
• Partner effectively with Credit Officers and Asset Managers in connection with credit decisioning and closing and funding risk mitigation
• Structure and analyze financial forecasts for Low Income Housing Tax Credit properties
• Coordinate underwriting and closing process with client, internal partners, third party lenders, counsel, title companies, etc.

REQUIRED QUALIFICATIONS:

• Bachelor’s degree in accounting, finance or related field or urban and regional planning; equivalent experience will be considered
• Experience working in relationship management teams with a proven understanding of the importance of balancing business development and asset quality
• Ability to function well in a team environment as well as work independently
• Strong knowledge of tax credit financing and financing of multi-family real estate developments
• Strong organizational skills with the ability to prioritize conflicting demands and meet deadlines
• 3+ years of tax credit investment, financial services, commercial real estate finance, and/or project development related experience
• Excellent written and verbal communication skills
• Outstanding credit skills, analytical skills and financial acumen
• Demonstrated ability to work effectively and accurately in a fast-paced environment

WILL CONSIDER CANDIDATES FROM FOLLOWING LOCATIONS:

Syracuse, NY; Albany, NY; Buffalo, NY

Remote: AZ, ID, IL, KS, MA, MI, OH, OR, PA, TX

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [email protected].