Barings · 20 hours ago
Affordable Housing Investments Underwriter
LA Metro Area
Full-time
Onsite
Mid Level
$125K/yr - $150K/yr
3+ years expBarings is a company that values its associates and clients. The Affordable Housing Investments Underwriter will play a critical role in underwriting transactions for multifamily properties, ensuring compliance with risk standards and collaborating with various teams to deliver efficient processes.
Venture Capital
Responsibilities
Play a critical role in underwriting transactions for commercial multifamily loans and equity investments with a focus on affordable and middle-income housing
Ensure new loans and extensions are underwritten to prudent risk standards and are in compliance with the company’s commercial loan and credit risk policies, and multi-task among multiple loans concurrently
Build financial models, conduct financial and credit analysis of properties, review markets, underwrite borrowers, assist in internal and external processes, and conduct other key diligence
Stay current on company policies, capital provider guidelines, and updates to multifamily loan programs, incorporating changes into underwriting recommendations and pipeline management
Prepare and present loan approval memos and packages to investment committee
Work with senior underwriter as needed to navigate through transactions
Work with external partners on joint underwriting on club deals
Engage and partner with borrowers or outside parties to work through underwriting issues
Collaborate with transaction managers, servicing teams, and asset managers to ensure precise processes and procedures, leveraging a strong understanding of client, loan investor, and capital provider requirements
Navigate effectively and apply anticipatory skillset to identify risks early on
Maintain strong discipline for credit and timely and responsive underwriting
Qualification
Required
BA/BBA and completion of a major corporate credit training program (or the equivalent corporate banking/corporate finance experience)
3-5 years of institutional experience in loan structuring and underwriting balance sheet loan products for multifamily housing lenders or investors
Experience in conducting underwriting, due diligence, running models, analyzing trailing monthly reports, evaluating appraisals, market studies and other related transaction documents, including loan and partnership agreements, housing agencies documents, PILOT and tax abatements
Experience with loan conversions and conversion analysis prior to funding
4-day/week office attendance
Demonstrated self-starter with strong work ethic, excellent verbal and written communication skills, interpersonal skills, problem solving skills, multi-tasking skills and time management skills
Combines exceptional teamwork and communication skills with the ability to operate independently in a dynamic environment. Ability to build cohesive relationships that incorporates core values, builds trust and promotes a productive environment among teammates and within the overall Barings Real Estate platform
Strong desire to learn and work collaboratively to help grow the Affordable Housing platform
Preferred
Exposure to Fannie Mae and Freddie Mac affordable loan products helpful but not necessary
Some understanding or experience with LIHTC industry is helpful
Benefits
Medical and Prescription Coverage
Dental Coverage
Vision Coverage
Wellness Program with incentive awards
Gym/Fitness Center Reimbursement Subsidy Program
Employee Assistance Program (EAP) and Telehealth
Health Savings Account (HSA) with company contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Generous paid Vacation
Paid Sick days
Paid Holidays
Paid Maternity Leave
Paid Parental Leave
Paid Caregiver Leave
Paid Volunteer Time
Short-term Disability plan
Long-term Disability plan
Paid Life Insurance
401(k) with company matching contributions
Pension Plan with short vesting
Financial Counseling
Education Assistance Program
Charitable Gifts Matching Program
Fertility Benefits
Retirement Health Reimbursement Account
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program
Company
Barings
Barings is a $470+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions.
Founded in 1762London, England, GBR
1001-5000 employees
H1B Sponsorship
Barings 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 (10)
2024 (5)
2023 (5)
2022 (10)
2021 (9)
2020 (7)
Funding
Current Stage
Public CompanyTotal Funding
unknown2002-12-27IPO
Leadership Team
Ian M. Fowler, CFA
CEO & President - Barings Private BDC (BCIC)
Mike Freno
Chairman and CEO, Barings LLC
Recent News
2024-05-07
2024-04-28
2024-04-28
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