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LO W INCOME INVESTMENT FUND
SENIOR UNDERWRITER
L ocation: Washington, DC
Reports to: VP/Market Director, Northeast Region
Exempt classification: Non-Exempt
S t atus: Regular, Full-Time
S alary Range: $95,000 to $115,000 Annually
TH E COMPANY:
The Low Income Investment Fund is a non-profit community development financial institution, that mobilizes capital and partners to achieve opportunity, equity and well- being for people and communities. LIIF innovates financial solutions that center racial equity to create more equitable outcomes for all by building and preserving affordable homes, quality educational opportunities from early childhood through higher education, health clinics, and community facilities. In this way, LIIF provides a bridge between private capital markets and communities. LIIF is headquartered in San Francisco and has offices in Los Angeles, New York, Atlanta, and Washington D.C. More on LIIF can be found at liifund.org
POSITION SUMMARY:
The Senior Underwriter is responsible for conducting due diligence and underwriting for approval of loans made to support the development of affordable housing and community facilities. The Senior Underwriter works independently but with the supervision of regional loan originator of each transaction, i.e., the Market Director, Washington DC Director, New York Deputy Director, or Loan Officer, to obtain credit approval of new loans and also to prescreen potential loans for term sheet offers. The Senior Underwriter may also assist with review of loan documentation and closing. As part of the Lending team, the Senior Underwriter supports the achievement of regional and overall Lending work plan goals.
REPORTING RELATIONSHIPS:
The Senior Underwriter reports to the Market Director, Northeast Region in the New York City office but will work closely with Washington DC Director, New York Deputy Director, Loan Officers, and the Chief Credit Officer to underwrite for approval transactions throughout the US to help meet LIIF’s lending goals. The Senior Underwriter will communicate with borrowers, third party lenders, attorneys and other external parties, as appropriate.
MAJOR DUTIES AND RESPONSIBILITIES:
SK ILLS REQUIRED:
The ideal candidate for this position will have these key qualifications:
E DUCATIONAL AND OTHER REQUIREMENTS:
Educational background should include a bachelor’s degree in a relevant area of study such as real estate, urban planning, business administration or finance, and at least an introduction to accounting; an advanced degree is preferred. In addition, the position requires a high degree of self-motivation, dedication, creativity, and perseverance; flexibility with time and willingness to accept a demanding (and personally satisfying) position. Excellent teamwork and strong time management skills are essential. Travel is required.
HO W TO APPLY :
Please apply with Resume and Cover Letter via our recruitment portal:
https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment.html?cid=cb7
3ca7c-d700-429b-a6ab-bf50165187ec&ccId=19000101_000001&lang=en_US
Notice to Third Party Recruitment Agencies:
Please note that Low Income Investment Fund does not accept unsolicited resumes from recruiters or employment agencies. In the absence of an executed Recruitment Services Agreement, there will be no obligation to any referral compensation or recruiter fee.
In the event a recruiter or agency submits a resume or candidate without an agreement Low Income Investment Fund shall explicitly reserve the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Low Income Investment Fund.
We do not accept unsolicited phone calls. Only candidates being considered for a position will be contacted.
LIIF, an EOE (Equal Opportunity Employer), believes that diversity ensures excellence. All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender, or national origin. Candidates of diverse background and with diverse experience are strongly encouraged to apply for this position.
Full Time
$120k-168k (estimate)
05/28/2024
06/15/2024
liifund.org
San Francisco, CA
200 - 500
The following is the career advancement route for Senior Underwriter positions, which can be used as a reference in future career path planning. As a Senior Underwriter, it can be promoted into senior positions as a Health Underwriting Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Senior Underwriter. You can explore the career advancement for a Senior Underwriter below and select your interested title to get hiring information.