Bank of America
Community Development Banking Underwriter
Bank of America, Washington, District of Columbia, us, 20022
Overview
Community Development Banking Underwriter
— Bank of America Job ID: 54515 • Job Type: Full Time • Category: Banking • Location: Washington, DC (Downtown area) | United States Posted: 2025-09-24 • Views: 28 • Salary: USD Negotiable Job Description
Bank of America's Community Development Banking (CDB) team is seeking underwriters to play an important role in financing affordable housing solutions that strengthen our communities. The CDB Underwriter will join a nationally recognized team known for developing project finance expertise for affordable housing and other real estate projects that utilize tax credit equity. The team has financed over 273,000 housing units and invested billions in U.S. neighborhoods. Purpose : Underwrite debt and equity investments in affordable housing projects, manage the underwriting process from deal screening to deal closing, and serve as a key client contact on the coverage team for credit actions. Responsibilities
Conduct analysis of client materials for new investment and lending opportunities Utilize proprietary analytical tools to understand project economics and terms for both debt and equity investments; prepare sensitivity and market analyses Review guarantors and sponsors including financial statements and spreads; perform risk analysis Lead underwriting and due diligence for all deal aspects (appraisal, rent/market analysis, GC and project budget sources/uses, operating pro formas, reserves); coordinate with legal counsel and documentation Prepare approval packages for presentation to approvers and senior executives Ensure compliance with regulatory requirements and Bank policies Identify risk profiles of existing and prospective investments and evaluate/structure mitigants for debt and equity Post-closing support to advise, restructure, or resolve with portfolio management, asset management and operations Collaborate with Finance, Risk, Portfolio Management, Asset Management, Relationship Management, Loan Administration, and CDB management Maintain data quality across systems throughout the deal life-cycle Use Bank systems (including CreditCenter/Salesforce) to manage underwriting workflow Respond to client inquiries regarding the underwriting process Required Qualifications
Bachelor's degree in business, finance, accounting, commercial real estate, urban planning, economics, or related field At least 12 months of experience in commercial real estate underwriting or low-income housing tax credit underwriting Proficiency with MS Office; experience with large Excel spreadsheets Strong written and verbal communication skills And at least two of the following: 1+ years in tax credit analysis, tax analysis, tax preparation, or related field Commercial credit training; and/or Strong financial modeling skills, including MS Excel proficiency Preferred Qualifications
Additional years of experience as a development analyst, underwriter, asset manager, portfolio manager, and/or syndicator of debt and/or equity investments in commercial multi-family projects Experience in the low-income housing tax credit industry Experience working in commercial real estate Experience with Salesforce (CreditCenter) or similar product Graduate degree in business, finance, accounting, real estate, urban planning, economics, public policy, or related field Shift & Hours
Shift:
1st shift (United States of America) Hours Per Week:
40 Open to employees in the United States; salary negotiable. Note:
Closed Date : 2025-10-24
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Community Development Banking Underwriter
— Bank of America Job ID: 54515 • Job Type: Full Time • Category: Banking • Location: Washington, DC (Downtown area) | United States Posted: 2025-09-24 • Views: 28 • Salary: USD Negotiable Job Description
Bank of America's Community Development Banking (CDB) team is seeking underwriters to play an important role in financing affordable housing solutions that strengthen our communities. The CDB Underwriter will join a nationally recognized team known for developing project finance expertise for affordable housing and other real estate projects that utilize tax credit equity. The team has financed over 273,000 housing units and invested billions in U.S. neighborhoods. Purpose : Underwrite debt and equity investments in affordable housing projects, manage the underwriting process from deal screening to deal closing, and serve as a key client contact on the coverage team for credit actions. Responsibilities
Conduct analysis of client materials for new investment and lending opportunities Utilize proprietary analytical tools to understand project economics and terms for both debt and equity investments; prepare sensitivity and market analyses Review guarantors and sponsors including financial statements and spreads; perform risk analysis Lead underwriting and due diligence for all deal aspects (appraisal, rent/market analysis, GC and project budget sources/uses, operating pro formas, reserves); coordinate with legal counsel and documentation Prepare approval packages for presentation to approvers and senior executives Ensure compliance with regulatory requirements and Bank policies Identify risk profiles of existing and prospective investments and evaluate/structure mitigants for debt and equity Post-closing support to advise, restructure, or resolve with portfolio management, asset management and operations Collaborate with Finance, Risk, Portfolio Management, Asset Management, Relationship Management, Loan Administration, and CDB management Maintain data quality across systems throughout the deal life-cycle Use Bank systems (including CreditCenter/Salesforce) to manage underwriting workflow Respond to client inquiries regarding the underwriting process Required Qualifications
Bachelor's degree in business, finance, accounting, commercial real estate, urban planning, economics, or related field At least 12 months of experience in commercial real estate underwriting or low-income housing tax credit underwriting Proficiency with MS Office; experience with large Excel spreadsheets Strong written and verbal communication skills And at least two of the following: 1+ years in tax credit analysis, tax analysis, tax preparation, or related field Commercial credit training; and/or Strong financial modeling skills, including MS Excel proficiency Preferred Qualifications
Additional years of experience as a development analyst, underwriter, asset manager, portfolio manager, and/or syndicator of debt and/or equity investments in commercial multi-family projects Experience in the low-income housing tax credit industry Experience working in commercial real estate Experience with Salesforce (CreditCenter) or similar product Graduate degree in business, finance, accounting, real estate, urban planning, economics, public policy, or related field Shift & Hours
Shift:
1st shift (United States of America) Hours Per Week:
40 Open to employees in the United States; salary negotiable. Note:
Closed Date : 2025-10-24
#J-18808-Ljbffr