What are the responsibilities and job description for the Senior Underwriter position at Assistant Secretary for Housing-Federal Housing Commissioner?
This position is located in the Department of Housing and Urban Development, Asst Secretary for Housing-Federal Housing Commissioner.
- Providing interpretation and guidance regarding housing procedures, laws, and regulations related to multifamily housing development (5 or more apartment units, not condominiums), including multifamily loan origination, multifamily underwriting, or a related multifamily or commercial area; AND
- Completing the underwriting functions of an application which would include multi-layered financing activities or multi-use facilities for a multifamily housing project; AND
- Analyzing and resolving multifamily housing project issues relating to underwriting or loan origination; AND
- Analyzing and defining financial risks, best investment, and credit structures for participation in multifamily transactions involving low income housing tax credits, section 8, HOME, SHIP, CDBG or other federal subsidies.
Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.
Time-in-Grade: In addition to the above requirements, you must meet the following time-in-grade requirement, if applicable:
For the GS-13 you must have been at the GS-12 level for 52 weeks.
Time After Competitive Appointment: Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least three months in that appointment.
- Serve as the principal technical resource staff person for the Branch Chief, to provide advice and guidance on matters pertaining to statutory and regulatory requirements and other administrative directives.
- Assume responsibility for each assigned project's overall application, processing, construction, closing, management control, coordination and execution in accordance with HUD's published guidelines and guidance.
- Serve as the primary point of contact for projects assigned with sponsor, Federal, state and local government agencies, congressional interests, other external organizations and higher authorities.
- Assist and advise lenders and other professionals in structuring transactions so as to meet HUD requirements and Low Income Housing Tax Credit requirements.
Qualifications:
You must meet the following requirements within 30 days of the closing date of this announcement.
To be qualified for this position at the GS-13 level, you must have at least one year of specialized experience equivalent to the GS-12 level. This experience is defined as:- Providing interpretation and guidance regarding housing procedures, laws, and regulations related to multifamily housing development (5 or more apartment units, not condominiums), including multifamily loan origination, multifamily underwriting, or a related multifamily or commercial area; AND
- Completing the underwriting functions of an application which would include multi-layered financing activities or multi-use facilities for a multifamily housing project; AND
- Analyzing and resolving multifamily housing project issues relating to underwriting or loan origination; AND
- Analyzing and defining financial risks, best investment, and credit structures for participation in multifamily transactions involving low income housing tax credits, section 8, HOME, SHIP, CDBG or other federal subsidies.
Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.
Time-in-Grade: In addition to the above requirements, you must meet the following time-in-grade requirement, if applicable:
For the GS-13 you must have been at the GS-12 level for 52 weeks.
Time After Competitive Appointment: Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least three months in that appointment.
Responsibilities:
As a Senior Underwriter, you will:- Serve as the principal technical resource staff person for the Branch Chief, to provide advice and guidance on matters pertaining to statutory and regulatory requirements and other administrative directives.
- Assume responsibility for each assigned project's overall application, processing, construction, closing, management control, coordination and execution in accordance with HUD's published guidelines and guidance.
- Serve as the primary point of contact for projects assigned with sponsor, Federal, state and local government agencies, congressional interests, other external organizations and higher authorities.
- Assist and advise lenders and other professionals in structuring transactions so as to meet HUD requirements and Low Income Housing Tax Credit requirements.
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