Junior Development Underwriter
Junior Development Underwriter
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$ 38985 - 72134
1 Vacancy
Job Description
Job Responsibilities
Are you looking for a purposedriven career not just the same old 9 to 5 One that gives you a reason to come to work beyond just receiving a paycheck Well look no further! The SC Housing Finance and Development Authority (SC Housing) is actively searching for a Junior Development Underwriter for our Development Finance Division!
Why join SC Housing
We know our employees work hard so we work hard to encourage a culture that promotes worklife balance wellbeing and employee engagement/recognition. We are a forwardthinking organization that is committed to changing lives by creating safe decent and affordable housing opportunities that fulfill dreams and inspire hope in our citizens. Our staff energizes the work that we do and helps find solutions that make a difference in the lives of others. If you want to be part of an organization that allows you to connect your passion for improving the lives of others to purpose we invite you to join our team of housing champions!
How will you fit in
As a member of the Development Underwriting team you will work under the supervision of the Development Finance Director. You will operate within the federal and state guidelines that regulate SC Housings Multifamily Development programs and utilize discretion and good judgment when performing feasibility analyses determining funding awards and solving technical issues.
What will you do
SC Housings Multifamily Development Division administers a diverse portfolio of housing development programs across the state of South Carolina to include Low Income Housing Tax Credit (LIHTC) HOME SC Housing Trust Fund (SCHTF) National Housing Trust Fund (NHTF) Small Rental Development Program (SRDP) SC Stay and MultiFamily Tax Exempt Bonds programs.
In this position you will:- Perform underwriting and financial analysis reviews of multifamily housing proposals seeking assistance
- Develop and maintain underwriting spreadsheet models for financial analysis.
- Contribute to the development of underwriting guidelines utilized in evaluating multifamily rental applications.
Minimum and Additional Requirements
An associates degree in accounting real estate finance economics mathematics or a related field of study and 6 months of fulltime experience (to include internships) in accounting auditing finance commercial loan underwriting or a related field.
*An equivalent combination of education and experience may be substituted to meet the agency minimum requirements. (i.e. 1 year of education 1 year of related experience).
Additional Requirements:- Ability to perform financial underwriting analysis of complex rental developments and to use sound judgment in adapting to different circumstances.
- Ability to work independently and prioritize multiple tasks to meet established deadlines.
- Must possess excellent verbal and written communication skills.
- Ability to write letters and other businessrelated correspondence that are professional in appearance and content.
- Must possess intermediate level skill in MS Excel to include spreadsheet design/layout and formula creation.
Must be able to lift and carry files books and reports weighing up to 20 lbs. Must be able to perform filing desk work and operate general office equipment. Must be able to sit or stand for prolonged or intermittent periods of time while sharing gathering or presenting information to other staff members or external parties. The employee must be able to perform these tasks with or without reasonable accommodations. SC Housing does not discriminate on the basis of race color national origin religion age (40) disability or sex (including pregnancy childbirth or related medical conditions sexual orientation or gender identity).Preferred Qualifications
Certifications in housing development finance or economic development finance are preferred but not required. Additional Comments
What makes us Different
We are a state governmental agency but one unlike youve encountered before. We operate much more like a private sector business. We are a selfsustaining operation that offers rental and homeownership products and services. As a result we face many of the same regulatory market and financial hurdles of private sector financial institutions. Our clear advantage to employees is that we offer challenging and meaningful work as well as excellent state government benefits.Our Benefits Package:
SC Housing offers an exceptional benefits package that includes:- Telecommuting options
- Accrued Paid Time Off (15 days annual/vacation leave per year and 15 days sick leave per year)
- 13 paid holidays
- PEBAHealth dental vision long term disability and life insurance for employees spouses and children
- PEBA Perks
- Free TelehealthVisitsfor State Health Plan members
- Free Health Coaching for State Health Plan members
- State Retirement Plan
- Deferred Compensation Programs 401k and 457 plans
- MoneyPlus(taxfavored accounts program) Employee Assistance Program
- Employee Discount Programs (PerksCard TicketsatWork and WeSave)
- Casual Fridays
- Tuition Reimbursement Program (after 6 months of employment)
Location Location Location:
The Palmetto State offers something for everyone. Located in the Midlands Columbia is both the state capital and South Carolinas secondlargest city. It is just a short commute to the states beautiful beaches and gorgeous mountains. Sunny summers and mild winters allow residents to experience the outdoors yearround a plus considering that Lake Murray is just minutes away. Great universities and colleges minimal commute times and friendly people make South Carolina the ideal place to build your future.
Required Experience:
Junior IC
Employment Type
Full-Time
