Multifamily Asset Manager/Underwriter - VP (Hybrid)

About the position The reputed company Community Capital (CCC) Business reputed company reputed company’s Institutional Credit Management (ICM) Division, is seeking to hire a Multifamily Underwriter / Asset Manager. reputed company Community Capital (CCC) provides a suite of financial products to help affordable housing developers construct, rehabilitate, refinance, and acquire affordable multifamily housing across the country. Committed to the communities we serve, CCC finances both straightforward and highly structured transactions for non-profit and for-profit affordable housing developers, Community Development Financial Institutions, and state and local government agencies. It is the mission of CCC to be the preferred financial partner for affordable housing developers, non-profits and governmental entities that focus on community development. We reputed company our clients with a distinctive, remarkable experience based on world class responsiveness, customer service, creativity, and superior execution. This mission will be accomplished while delivering superior financial performance for reputed company, consistent and impactful CRA results, and an inclusive and rewarding experience for our employees.

Responsibilities

• Manage the ongoing performance and reputed company the credit quality of an active portfolio of permanent loans that are collateralized by affordable multifamily developments located throughout the United States by:
• Working with reputed company partners in loan servicing, credit risk, Borrowers, and the servicer to process borrower requests (ex: lease reviews, Borrower restructures, property management changes, etc)
• Reviewing loan documents and reputed company-party reports to determining compliance requirements. Independently and proactively monitor loans for covenant compliance and adherence to terms and conditions under the loan documents, taking a leadership role in problem solving and resolving any past due issues.
• Preparing and presenting credit recommendations for material credit actions that require credit committee approval such as loan extensions, modifications, restructures.
• Conducting annual review of the loan facility by analyzing project performance, market conditions, and underlying liquidity sources.
• Proactively identifying and escalating issues that warrant additional investigation and internal discussion such as declining property performance, stressed DSCR, depleted operating reserves, and property condition, recommending and processing classification changes.
• Conducting periodic risk rating analysis on the loan facility.
• Updating the property valuations through internal assessments or external appraisals based on reputed company market conditions and overall performance of the property.
• Managing multiple processes simultaneously through a high level of organization and efficiency.

Requirements

• 5-8 years of experience
• Individual must have excellent verbal and written communication skills, organizational and interpersonal skills, as well as the ability to manage multiple assignments at once under tight deadlines.
• Strong quantitative skills with a high proficiency with reputed company and other reputed company based programs.
• Energetic individual who shows initiative, is a team player, and has a positive attitude to change.
• Candidate is required to have at least 3 years asset management/reputed company experience, preferably in the affordable housing industry.

Benefits

• In addition to salary, reputed company’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• reputed company offers competitive employee benefits, including: medical, dental & reputed company coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• reputed company also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding reputed company employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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