KeyBank
Underwriting Team Leader - Community Development Lending and Investment
KeyBank, Dallas, Texas, United States, 75215
Overview
Underwriting Team Leader - Community Development Lending and Investment. Key Bank CDLI is seeking an experienced community development leader to join the growing team. The Underwriting Team Leader will lead a team of Sr. Underwriters, Underwriting Project Managers, and Underwriting Associates responsible for analyzing and closing Affordable Housing real estate debt and equity transactions. The role provides direct oversight and leadership to a regional-based Underwriting team to maintain consistent underwriting processes, manage workflow, and assist with complex transactional or client matters. Location:
1675 Broadway - Denver, Colorado 80202 Essential Job Functions
Lead a regional underwriting team of 5-8 individuals to ensure high-quality, risk-based underwriting and analysis of debt and equity Affordable Housing and Community Development transactions and sponsors. Review underwriting packages and real estate/LIHTC financial modeling to facilitate Line of Business and Credit approval and closing of new transactions. Consult on deal structuring, pricing, profitability, and risk analysis of new community development opportunities. Support and influence the deal team to solve complex financing and deal structuring situations while balancing risk metrics and customer expectations. Manage regional pipeline and deal assignments to monitor team capacity and support workflow throughout underwriting and closing; ensure clear and timely communication of deal progress to internal and external stakeholders. Support implementation of innovative underwriting, data analytics, technology, and continuous improvement tools and processes. Develop and maintain Underwriting department policies, procedures, guidelines, and best practices in conjunction with Key Credit Policy and Underwriting standards. Partner with the division COO and Regional Production Leaders to provide underwriting trend and business insights for the region’s pipeline, portfolio, and clients; assess risk and opportunities to adjust portfolio strategies, origination volumes, and deal terms/structures. Build and foster a high-performing, equitable, and inclusive team culture; provide mentorship, development planning, goal setting, training, and performance management. Collaborate with Credit Risk Management, Loan Servicing, Tax Credit and Loan Syndications, and Asset Management to ensure seamless customer execution. Required Qualifications
Bachelor’s Degree in Business Administration, Finance, Urban Planning/Real Estate, or Engineering Expert in Low Income Housing Tax Credit and Community Lending with underwriting and/or risk management experience (10+ years) Advanced ability to communicate and persuade internal and external stakeholders in written and verbal communications Demonstrated credit risk analysis, underwriting, project management, and financial analysis experience in a lending or investing environment Advanced proficiency in MS Office (Excel, Word, PowerPoint), Salesforce, and other asset/loan management systems Preferred Qualifications
MBA, CPA, or other advanced degree, or 10+ years LIHTC industry experience 5+ years' experience underwriting, originating, or closing community development loans and/or equity investments Experience leading community development or commercial real estate underwriting, risk management, or origination teams 3+ years leading a team: recruiting, hiring, training, performance management Excellent prioritization and time management abilities; ability to manage a broad range of activities and keep projects moving forward Compensation And Benefits
This position is eligible to earn a base salary in the range of $175,000 to $215,000 annually, depending on location and factors such as experience. Compensation includes eligibility for short-term incentive and deferred incentive compensation subject to performance. Please click here for a list of benefits for which this position is eligible. Legal Equal Opportunity Statement
KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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Underwriting Team Leader - Community Development Lending and Investment. Key Bank CDLI is seeking an experienced community development leader to join the growing team. The Underwriting Team Leader will lead a team of Sr. Underwriters, Underwriting Project Managers, and Underwriting Associates responsible for analyzing and closing Affordable Housing real estate debt and equity transactions. The role provides direct oversight and leadership to a regional-based Underwriting team to maintain consistent underwriting processes, manage workflow, and assist with complex transactional or client matters. Location:
1675 Broadway - Denver, Colorado 80202 Essential Job Functions
Lead a regional underwriting team of 5-8 individuals to ensure high-quality, risk-based underwriting and analysis of debt and equity Affordable Housing and Community Development transactions and sponsors. Review underwriting packages and real estate/LIHTC financial modeling to facilitate Line of Business and Credit approval and closing of new transactions. Consult on deal structuring, pricing, profitability, and risk analysis of new community development opportunities. Support and influence the deal team to solve complex financing and deal structuring situations while balancing risk metrics and customer expectations. Manage regional pipeline and deal assignments to monitor team capacity and support workflow throughout underwriting and closing; ensure clear and timely communication of deal progress to internal and external stakeholders. Support implementation of innovative underwriting, data analytics, technology, and continuous improvement tools and processes. Develop and maintain Underwriting department policies, procedures, guidelines, and best practices in conjunction with Key Credit Policy and Underwriting standards. Partner with the division COO and Regional Production Leaders to provide underwriting trend and business insights for the region’s pipeline, portfolio, and clients; assess risk and opportunities to adjust portfolio strategies, origination volumes, and deal terms/structures. Build and foster a high-performing, equitable, and inclusive team culture; provide mentorship, development planning, goal setting, training, and performance management. Collaborate with Credit Risk Management, Loan Servicing, Tax Credit and Loan Syndications, and Asset Management to ensure seamless customer execution. Required Qualifications
Bachelor’s Degree in Business Administration, Finance, Urban Planning/Real Estate, or Engineering Expert in Low Income Housing Tax Credit and Community Lending with underwriting and/or risk management experience (10+ years) Advanced ability to communicate and persuade internal and external stakeholders in written and verbal communications Demonstrated credit risk analysis, underwriting, project management, and financial analysis experience in a lending or investing environment Advanced proficiency in MS Office (Excel, Word, PowerPoint), Salesforce, and other asset/loan management systems Preferred Qualifications
MBA, CPA, or other advanced degree, or 10+ years LIHTC industry experience 5+ years' experience underwriting, originating, or closing community development loans and/or equity investments Experience leading community development or commercial real estate underwriting, risk management, or origination teams 3+ years leading a team: recruiting, hiring, training, performance management Excellent prioritization and time management abilities; ability to manage a broad range of activities and keep projects moving forward Compensation And Benefits
This position is eligible to earn a base salary in the range of $175,000 to $215,000 annually, depending on location and factors such as experience. Compensation includes eligibility for short-term incentive and deferred incentive compensation subject to performance. Please click here for a list of benefits for which this position is eligible. Legal Equal Opportunity Statement
KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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