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Senior Underwriter @Capital Impact Partners

[Hiring] Senior Underwriter @Capital Impact Partners

Feb 13, 2025 - Capital Impact Partners is hiring a remote Senior Underwriter. 💸 Salary: $106,559 - $135,000. 📍Location: USA.

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.

Role Description

The Senior Commercial Underwriter is responsible for conducting due diligence and underwriting for loans and New Market Tax Credit (NMTC) transactions to finance the development of affordable housing, charter schools, health centers, grocery stores, cooperatives, and other community facilities.

  • Use the application package and third-party reports to underwrite the financing request.
  • Analyze historical financials, financial projections, construction budgets, repayment sources, market and regulatory conditions, industry reports, appraisals, entitlement/land use assessments, environmental reports, plan and cost reviews, property conditions reports, and borrower and guarantor tax returns.
  • Assist in preparing written loan approval requests for presentation to the assigned Approvers and/or Credit Committee.
  • Manage the collection of loan application materials from the borrower and coordinate third-party due diligence reports.
  • Conduct site visits and attend or lead customer calls as needed.
  • Work closely with the Closing and Legal teams to ensure that the loan closes in accordance with approved terms and conditions.
  • Maintain a positive and professional relationship with Momentus customers and business partners.
  • Screen deals and assist with reporting and management of regional pipelines.
  • Assist in the development of standardized underwriting guidelines, templates, and resources.

Qualifications

  • A degree in finance, real estate, urban planning, public policy, business administration, or a related field is preferred.
  • At least 3-5 years of experience in real estate-based lending, including borrower contact, credit analysis, due diligence, and loan documentation.
  • Expertise in analyzing financial statements and tax returns of nonprofit and for-profit organizations.
  • Previous experience working in a CDFI or community-based organizations preferred.
  • Experience with federal, state, and local government funding sources for affordable housing and community-based organizations.
  • Experience working with multiple internal and external stakeholders.
  • Working experience with both private sector financial institutions and public agencies.
  • Proficiency with the design, permitting, and construction process for developing real property.
  • Familiarity with business law concepts including contracts and loan documents.
  • Proficiency with Microsoft Office Suite Programs and other database software.
  • Experience working with New Market Tax Credits and Low Income Housing Tax Credits.
  • Excellent writing and communication skills.
  • Ability to adapt to change and implementation of new products, programs, and technology platforms.
  • Salesforce or other CRM experience desired.
  • Experience with financial spreading software.
  • Excellent project management skills and ability to manage multiple tasks.
  • Strong attention to detail.

Requirements

  • The salary range for this position is $106,559 - $135,000 and is eligible for an annual incentive.
  • This role is remote.
  • All employees must be legally authorized to work in the United States.

Benefits

  • Momentus Capital is an equal opportunity employer committed to a diverse workforce.

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Before You Apply
📍 Be aware of the location restriction for this remote position: USA
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Senior Underwriter @Capital Impact Partners
Finance / Legal
Salary 💸 $106,559 - $135,000
Remote Location
USA
Job Type full-time
Posted Feb 13, 2025
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📍 Be aware of the location restriction for this remote position: USA
Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
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