Regions Bank · 14 hours ago
VP, Senior Affordable Housing (LIHTC) Underwriter
Birmingham, AL
Full-time
Onsite
Senior Level, Lead/Staff
$145K/yr - $180K/yr
8+ years expRegions Bank is dedicated to providing associates with a career-focused environment. The VP, Senior Affordable Housing Underwriter will evaluate and underwrite tax credit investments, manage credit relationships, and support the bank's objectives in affordable housing finance.
BankingInsurance
Responsibilities
Works in support of the RAH banking team and adds value directly to client and coverage in articulating Regions’ underwriting methods, processes, and risk appetite for specific debt products
Creates and maintains financial models for affordable housing investments, which include schedules such as sources and uses, operating expense analysis, and sensitivity analysis
Identifies potential real estate finance issues through analysis and income and expense underwriting for each project assigned
Manages the due diligence checklist, gathers all required documents, reviews the documents, and notes any issues as appropriate; reviews tax credit and project due diligence including tax credit documents, real estate documents, market studies, appraisals, environmental reports, project approvals, and construction documents
Understands the background and experience of each development team member including sponsor/developer, general contractor, architect, property manager, project accountant, and support service agency (if applicable) as well as reviews references and conducts background checks
Reviews lower-tier partnership agreements, construction, and permanent loan documents while understanding the importance of each document and its relationship to the transaction
Maintains market knowledge of loan pricing and structural trends to match client needs with Regions’ debt product solutions
Calls jointly on clients with coverage bankers to understand clients’ needs and specific risks to client business
Works with coverage bankers to develop client strategy focusing on existing and potential credit exposure and assists coverage banker in optimizing relationship through cross sell activities of debt products
Proactively identifies potential issues through sources and uses, capital structure analysis, market analysis, and income and expense underwriting for assigned projects
Prepares comprehensive executive summaries of the 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 mitigants
Creates and maintains financial models, operating expense analysis, and sensitivity analysis
Coordinates initial closing, internal department, and third-party review process
Responds to developer/investor inquiries, underwriting, and due diligence questions
Conducts site visits when necessary
Prepares Letters of Intent when necessary
Assists with special projects, equity payments, or other priorities as requested
Leads the credit process on identified debt product opportunities; ultimately accountable for structuring, underwriting, closing, and management of new and existing debt products for clients
Serves as the primary contact with Credit Risk
Oversees ongoing monitoring of existing portfolio by being accountable for periodic assessments and other servicing requirements
Offers advice and guidance to junior underwriters, assisting in the development of necessary skills and the promotion of continuous improvement initiatives
Qualification
Required
Bachelor's degree in related field
Eight (8) years of underwriting and/or portfolio management experience
Advanced understanding of loan structuring needs, loan documentation requirements, and applicable market knowledge
Completion of a major corporate credit training program or equivalent corporate banking/finance experience
Experience in relationship management as a coverage banker or client-facing member of the team, as well as financial modeling experience
Experience and knowledge of applicable legal documents
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
Preferred
Knowledge of Affordable Housing or Low-Income Housing Tax Credit (LIHTC)
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