Regions Bank · 1 month ago
LIHTC Affordable Housing Underwriter
Atlanta, GA
Full-time
Onsite
Mid Level
$95K/yr - $121K/yr
4+ years expRegions Bank is dedicated to offering associates a career with growth opportunities. The Affordable Housing Underwriter evaluates and underwrites tax credit investments, ensuring they meet investment guidelines while supporting the bank's strategy to maintain and expand investor relationships.
BankingInsurance
Responsibilities
Prepares comprehensive executive summaries of proposed investments for review by team management, internal committee and investor approval, including a detailed project description, a list of merits, as well as risks and risk mitigates
Prepares credit approval packages on new and renewed debt products including determination of the appropriate risk rating as well as risk factors that could change the risk rating, analysis of financial performance, performance vs. projections, covenant compliance, relationship profitability (RAROC), and any other significant risk drivers
Conducts analyses of guarantors as needed to support credit underwriting
Reviews closing due diligence in collaboration with and oversight by more senior RAH team members
Maintains credit files including post-closing items (actively manages financial reporting requirements, covenant requirements, past dues and documentation exceptions and ensures credit files are complete with all up to date information)
Creates and maintains financial models, operating expense analysis, and sensitivity analyses
Coordinates initial closing, internal department, and third-party review process
Responds to developer and investor inquiries and underwriting and due diligence questions
Conducts site visits when necessary
Assists with special projects, equity payments, or other priorities, as requested
Conducts ongoing portfolio monitoring and servicing activities
Validates the appropriate risk rating for a company and proactively identifies risk rating changes
Identifies opportunities for exposure reduction or new opportunities within assigned portfolio
Develops a strong working knowledge of and ensures compliance with internal bank commercial loan policy, credit risk management policy, and external regulatory requirements documents any exceptions to policy and provides related rationale/mitigants
Offers advice and guidance to junior underwriters on occasion
Qualification
Required
Bachelor's degree in related field
Four (4) years of underwriting and/or portfolio management or similar experience
Completion of a major corporate credit training program or equivalent corporate banking/finance experience
Proven ability to competently complete credit packages and credit servicing agreements under limited supervision
Ability to research, analyze data, and derive facts
Ability to work in a team environment when applicable
Ability to work under pressure and meet deadlines
Demonstrated leadership capabilities
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong negotiation skills
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
Benefits
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Company
Regions Bank
Regions Financial Corporation is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services.
10001+ employees
H1B Sponsorship
Regions Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (37)
2024 (40)
2023 (41)
2022 (42)
2021 (32)
2020 (30)
Funding
Current Stage
Late StageTotal Funding
unknown2018-04-06Acquired
Leadership Team
Brian Happel
Executive Vice President and Fort Worth Market CEO
Daniel Hobbs
Executive Vice President, Head of Corporate Finance and Business Lines CFO
Recent News
2024-04-30
Business Journals
2024-04-28
Company data provided by crunchbase