LIHTC Loan Officer

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. Benefits: Personal paid time off, as eligible, and paid holidays 401(k) and Employee Stock Option Plan, as eligible Generous medical, dental, vision, life and disability insurance Fitness reimbursement Learning, development and growth opportunities Responsibilities: 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 Underwrite sources and uses Review and approve draw requests including supporting documentation Underwrite construction status compared to financing status Monitor 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, and 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 Ensure 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 inquiries 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: 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 #J-18808-Ljbffr The Bank of Missouri