Senior Underwriter

Role Description

This is more than a job! It’s an opportunity to lead financial operations within a mission-driven healthcare organization.

• Oversee and manage financial analysis for facilities development
• Provide technical assistance in the application of tax credit regulations
• Assist in the transition of development to management
• Ensure adequate cash flow for development
• Serve as principal financial liaison with funding and reporting sources during the development phase
• Supervise a staff of two (2) Underwriters

Qualifications

• Bachelor’s degree in related field or equivalent experience (Graduate or related Certified Training preferred)
• 15 years of progressively responsible related experience in housing development and financial analysis
• Exceptional financial and accounting performance within a sophisticated multi-site/multi-state operating environment
• Leadership abilities and strategic thinking
• Ability to analyze, problem-solve, and collaborate effectively
• Knowledge of housing development best practices, laws, requirements, and HUD and other housing regulatory processes
• Ability to understand, summarize, and synthesize key financial and legal documents
• Good understanding of the field’s concepts, practices, and procedures

Requirements

• Complete internal financial underwriting of all real estate development transactions using standard modeling, including financial analysis and risk assessment
• Provide underwriting and risk analysis to executive leadership and the Real Estate Loan Committee of the VOANS board
• Analyze industry trends and standards related to real estate underwriting; recommend changes to underwriting standards and procedures as necessary
• Develop and maintain standard internal underwriting models for different transaction types including, but not limited to, LIHTC transactions, bond transactions, market rate equity transactions, etc.
• Disseminate information and coordinate inter-departmental training related to transaction underwriting
• Review gap financing packages for Real Estate Loan Committee and review packages for VOANS Board on third party financing requests such as LIHTC and FHLB funding
• Review packages requesting approval for closings from VOANS Board
• Assist senior management in strategic planning for property development, board reporting, and financial outlook of current projects and for future growth in property development

Benefits

• Comprehensive Medical, Dental & Vision Insurance
• 403(b) Retirement Plan with Discretionary Employer Contribution
• Generous Paid Time Off (Vacation, Holidays & Sick Leave)
• Life Insurance & Short-Term Disability Coverage
• Employee Assistance Program for personal and professional support
• Wellness Incentives (up to $350 annually)
• Early Pay Access (up to 50% up to $1000 of earned wages)
• Career Development Opportunities