Underwriter IV- LIHTC/Tax Credit

Works independently with little or no oversight. Exercises exception and elevated approval authority. Prepares offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned. Interacts with internal/external customers. Provides recommendations for credit structuring. Serves as subject matter expert for certain asset classes. Serves as a coach, work lead and trainer for the group. Using independent judgment to identify risks and mitigants, prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio. Coaches and/or reviews the work of other underwriters and fills in for manager as required. Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information. May perform relevant pre-approval and post-approval activities. Identifies and/or confirms all external regulatory requirements. Ensures internal policies/procedures are followed. Makes recommendations on credit decisions or makes credit decisions directly, as appropriate. Knowledge of IRS Code Section 42 and 47, equity structures and documentation, market research (including onsite inspections and market comp analysis), and 3rd party or external guidelines.

Responsibilities

Works independently with little or no oversight; Exercises exception and elevated approval authority; Prepares offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned; Interacts with internal/external customers; Provides recommendations for credit structuring; Serves as subject matter expert for certain asset classes; Serves as a coach, work lead and trainer for the group; Uses independent judgment to identify risks and mitigants; Prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties; Performs ongoing credit risk management for assigned portfolio; Coaches and/or reviews the work of other underwriters and fills in for manager as required; Contacts internal/external customers and other parties to gather information and to clarify inconsistent, incorrect or missing information; May perform relevant pre-approval and post-approval activities; Identifies and/or confirms all external regulatory requirements; Ensures internal policies/procedures are followed; Makes recommendations on credit decisions or makes credit decisions directly, as appropriate

Requirements

University/college degree with 5+ years of industry-relevant experience; in lieu of a degree, comparable combination of education, job specific certification(s), and experience (including military service); Bachelors; Knowledge of IRS Code Section 42 and 47; equity structures and documentation; market research including onsite inspections and market comp analysis; 3rd party or external guidelines; Accuracy and Attention to Detail; Coaching Others; Credit Analysis and Verification; Decision Making and Critical Thinking; Knowledge of Underwriting; Managing Multiple Priorities; Market Research; Real Estate Development; Real Estate Practice; Real Estate Property Data Analysis; Real Estate Sales Closings and Agreements; Regulatory Environment - Financial Services

Nice to have

Credit Decisions; Decision Making; Financial Analysis; Identifying Risks; Process Improvements; Results-Oriented; Risk Assessments

Benefits

Medical/prescription drug coverage with Health Savings Account feature; dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match; pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance; wellness program with financial incentives; maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year; between 15 to 25 vacation days each year