Lansing, Detroit, Grand Rapids, MI; Chicago, IL; Indianapolis,
IN; Madison, WI or Wilmington, DE
Aug 14 th , 2020
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Vice President, Equity Underwriting (VPEU) leads and mentors the
team that performs analysis of real estate equity investments
[primarily associated with the Low Income Housing Tax Credit
(LIHTC) program)] and assesses preliminary feasibility and
adherence to underwriting guidelines. The VPEU supports the
Executive Vice President, Underwriting & Credit Risk in delivering
underwriting results that align with the organization’s strategic
The VPEU’s competencies include:
Leadership Development: Coaching and developing others by
seeking to understand their strengths and development areas.
Analysis to Synthesis: Interpreting data and information
from multiple sources and translating them into coherent messages
that inform decisions.
Insight to Action: Acting on conviction and advancing from
concept to implementation toward a goal; drawing upon knowledge and
professional judgment to orchestrate the steps required to get
Intellectual Agility : Flexing and adapting thinking skills
to meet the needs of different situations and circumstances;
expanding problem solving to include multiple approaches or
Essential Duties and Responsibilities:
Supervises and supports the analysts, and associate analyst.
Develops and monitors team and individual goals of the analyst
Plans, implements, and oversees underwriting analysis workflows,
systems, and business processes in alignment with organizational
goals and technology advancements in the organization.
Ensures adherence to equity underwriting guidelines in
accordance with investor expectations and industry standards, and
approves exceptions to such guidelines
Approves equity proposals to ensure acceptable risk
Develops and implements an effective training program for
members of the analyst team.
Maintains technical expertise in the LIHTC program and provides
guidance to team.
Ensures quality control and accuracy of the team’s work
Acts as liaison between the Analyst, Business Development, and
Capital Management teams.
Develops and maintains effective business relationships with
developers, investors, accountants, attorneys, consultants,
property managers, housing finance agencies, lenders, and other
Qualifications and Skills:
Minimum 10 years’ experience in real estate development finance,
investment, and underwriting.
Expert knowledge of the Low Income Housing Tax Credit
Bachelor’s Degree in real estate, finance, or business.
Reporting Relationship: Reports to Executive Vice
President, Underwriting & Credit Risk
Supervisory Relationship: Analysts and Associate
Ability to sit and work on a computer for extended periods of
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