Director, Credit

Job Description


  • Bachelor’s degree in urban planning, Finance, or equivalent and 10+ years’ relevant experience or Master’s degree and 5+ years’ relevant experience.
  • Excellent analytical skills and knowledge of LIHTC equity underwriting and other real estate feasibility analyses.
  • Capacity to communicate effectively in both written and verbal forms.
  • Ability to maintain positive, productive working relationships with both internal and external partners.
  • Proven facility with coordinating complex activities, prioritizing conflicting demands, and meeting deadlines.
  • Must be highly motivated, be able to work independently, and be available to work evening and weekend hours during peak periods.
  • Willingness to travel as needed.
  • Incumbent is expected to demonstrate a high level of ethics.

Job Responsibilities:

  • Review, evaluate and respond to Preliminary Investment Reviews (PIRs), Market Analysis (MAs), Investment Analysis (IAs) and Closing Memos along with all other supporting documentation for proposed investments.
  • Act as a resource throughout the acquisition, underwriting and closing process to evaluate risk factors.
  • Respond as a subject matter expert to investor needs and third-party legal review as required for fund closing and/or deal placement.
  • Contribute to the business’s position on evolving risk issues and industry responses.
  • Perform sponsor capacity evaluations for new and high-volume partners as well as other development team members.
  • Interact with investors and development teams’ members as needed.
  • Participate in site visits as needed.
  • Support the interaction among Underwriting, Asset Management and Development Risk Management during the underwriting process.
  • Share in the responsibility for Credit’s other general duties, including but not limited to:
  • Manage external resources such as REIS and ESRI accounts and third-party market analysts.
  • Maintain and update policies and procedures.
  • Support the sponsor financial review process during peak periods.
  • Contribute to ongoing business process improvement efforts and document maintenance for the IA and MA forms.
  • Provide training and support to new Underwriters and Analysts.
  • Consult to Syndication Associates on risk issues related to due diligence.