Loan Underwriter (Senior Planning Specialist), Grade 25 jobs in United States
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Montgomery County Government · 11 hours ago

Loan Underwriter (Senior Planning Specialist), Grade 25

Montgomery County Government is dedicated to managing the County’s investments in the production and preservation of affordable housing. They are seeking a Senior Planning Specialist to serve as a Loan Underwriter/Project Manager for Multifamily Housing Programs, responsible for analyzing requests from affordable housing developers and ensuring timely loan closures.

GovernmentNon Profit

Responsibilities

Managing all aspects of a project from inception to closing, including developing investment structures, negotiating and implementing financing plans/loans, preparing financial analyses of complex real estate transactions, and negotiating loan terms with public and private lenders
Assisting and guiding the County Attorney's Office with the preparation and review of documents
Working with the Department's Division of Finance and Administration on project financing and compliance issues
Establishing good working relationships with financial partners
Making regular presentations to the Housing Loan Review Committee
Making public presentations to diverse audiences regarding the County's affordable housing investment

Qualification

Real estate lendingAffordable housing financeFinancial analysisUnderwriting transactionsCommunity Development Block GrantPro forma developmentPublic speakingCustomer serviceAnalytical skillsWriting skills

Required

Graduation from an accredited college or university with a Bachelor's degree in business administration, finance, economics, accounting, real estate, urban planning, public administration, or related field
Five (5) years of professional experience with real estate lending, affordable housing finance, or community facility lending
Knowledge and experience with fundamental concepts, principles, and practices of the real estate industry and investment analysis
Experience in reviewing standard real estate documentation, including financial projections, loan documents, various legal memoranda, draw requests, rent rolls, and property financial statements
Ability to serve as a functional technical expert in responding to inquiries and resolving system-related issues regarding the various tools used by the group and the Multifamily Housing Program
Review market data, develop pro forma income statements/budgets, perform necessary credit analysis and due diligence, and review documents for new transactions
Excellent analytical, writing, public speaking, and customer service skills
Experience in underwriting real estate transactions, analyzing and preparing proformas, and closing loans for multifamily affordable housing transactions
Experience in working with legal counsels in reviewing a variety of legal documentation for real estate loan transactions
Experience in working with federal and state funding programs such as Community Development Block Grant (CDBG), HOME Investment Partnerships, etc., and other related housing programs
Possession of a valid motor vehicle operator's license is required
This role requires the completion of a financial disclosure
This position requires completion of a pre-employment Medical History Form to assess your ability to safely perform the essential duties of the role

Preferred

Five (5) years of professional experience with real lending, affordable housing or community facility lending
Knowledge and experience with fundamental concepts, principles, and practices of the real estate industry and investment analysis
Experience in reviewing standard real estate documentation, including financial projections, loan documents, various legal memoranda, draw requests, rent rolls, and property financial statements
Ability to serve as a functional technical expert in responding to inquiries and resolving system-related issues regarding the various tools used by the underwriting group and the Multifamily Housing Program
Review market data, develop pro forma income statements/budgets, perform necessary credit analysis and due diligence, and review documents for new transactions
Excellent analytical, writing, public speaking, and customer service skills
Experience in underwriting real estate transactions, analyzing and preparing proformas, and closing loans for multifamily affordable housing transactions
Experience in working with legal counsels in reviewing a variety of legal documentation for real estate loan transactions
Experience in working with federal and state funding programs such as Community Development Block Grant (CDBG), HOME Investment Partnerships, etc., and other related housing programs

Company

Montgomery County Government

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Government for Montgomery County, Maryland

Funding

Current Stage
Late Stage

Leadership Team

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Beryl Feinberg
Deputy Director/Chief Operating Officer in the Department of General Services
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Karen Quinlan Hawkins
Chief Operating Officer, Finance Dept
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