AVP - Commercial Underwriting- Affordable Housing

Company: Disability Solutions
Location: Phoenix
Posted on: May 8, 2024

Job Description:

Job Title:AVP - Commercial Underwriting- Affordable HousingLocation:BiltmoreWhat you'll do:Responsible for providing market, financial, and trend analysis for the delivery of the Banks Affordable Housing Investments products and services to clients and prospects. Keeps apprised of industry related, political, and regulatory issues to determine their impact on the Affordable Housing industry or clients. Acts independently from the sales teams to structure and evaluate Affordable Housing requests. Responsible for attaining established Bank and divisional financial goals, balance sheet limits and portfolio reporting. Performs all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.What we are looking for:

• Reviews and evaluates Affordable Housing Investment requests.
• Conducts analysis pertaining to new and existing Affordable Housing requests and prepares financial analysis of tax returns (personal and business), analyzes financial statements and financial projections and is well versed in modeling a sensitivity and break-even projection analysis.
• Actively manages and monitors the group's portfolio.
• Underwrites Affordable Housing Investments with little oversight.
• Plays key role in working with clients in requesting information needed to underwrite Affordable Housing requests.
• Frequently will join relationship managers on client calls to discuss new requests and conduct site visits as needed.
• Ensures compliance with all applicable regulations, policies and procedures.Keeps up with changes to banking regulation and completes bank training courses on-line.
• Performs independent analysis of appraisal, environmental reports, and all other third-party reports.
• Assigns Affordable Housing risk ratings based on the rating matrix established by Affordable Housing group.
• Responsible for the calculations of spreads and due diligence documentation for each transaction.
• Always ensures compliance with all applicable regulations, policies and procedures. Keeps up with changes to banking regulation and completes bank training courses on-line.
• Performs other duties and projects as assignedQualifications
  • Bachelor's degree preferred and 3 + years of related work experience; or equivalent combination of education and experience
  • Deep understanding of financial accounting knowledge preferred.
  • Preferred knowledge in lending, specifically, cash flow and collateral analysis and credit structuring.
  • Financial analysis experience for business financial statements, individual's financial statements and tax returns preferred.
  • Exposure to syndicated Affordable Housing transactions as a participant and in most instances, lead bank.Benefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.-- Western Alliance Bancorporation

Keywords: Disability Solutions, Sun City West , AVP - Commercial Underwriting- Affordable Housing, Accounting, Auditing , Phoenix, Arizona