What are the responsibilities and job description for the Multi-Family Loan Officer position at Capital Area Staffing Solutions?
Full-time, Direct Hire, Career opportunity! Monday through Friday, some telework available. The primary responsibility of this role is financial underwriting and production of affordable multi-family rental housing.
- Multi-family and Supporting Housing real estate underwriting
- Determine project feasibility and ensure compliance with programmatic requirements
- Evaluate appropriateness of funding sources and uses
- Evaluate risk of operating budgets, rent structure, and income
- Create, review, and update complex project development pro formas
- Assign financial resources based upon project requirements/program restraints
- Determine owner entity, principals, and affiliates' eligibility and ability to effectively manage, finance, and operate projects by ordering and analyzing organizational documents, credit reports, financial statements, etc.
- Provide education and technical expertise to external partners
- Order/review third-party reports
- Determine compliance with State and Federal reg's/requirements
- Prepare and present complex project summaries and recommendations
- Assist with scoring of applications for competitive funding rounds
Excellent benefit package offering 100% employer paid premium health insurance for employees, Dental, Life, Vision; EAP, FSA, PTO, retirement plan and tuition reimbursement!
Requirements
Strong project management and financial analysis abilities, solid PC skills (including MS Word & Excel), excellent communication skills - including presenting to groups, knowledge of tax credits and familiarity with HUD, USDA, and Federal Home Loan Bank housing programs preferred.
Job Type: Full-time
Pay: From $41.17 per hour
Benefits:
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Opportunities for advancement
- Paid time off
- Retirement plan
- Tuition reimbursement
- Vision insurance
Schedule:
- Day shift
- Monday to Friday
Education:
- High school or equivalent (Required)
Experience:
- Lending: 1 year (Preferred)
- LIHTC: 1 year (Preferred)
- Section 8: 1 year (Preferred)
Work Location: In person
Salary : $41