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CREB Underwriter

Washington, District of Columbia;

Job Description:

Role Qualifications:

  • Minimum of five years of experience underwriting debt and/or equity for affordable rental housing projects financed using the federal low-income housing tax credit program
  • Knowledge of the primary functions of the Community Development  Banking teams at Bank of America
  • Familiarity with core financial products used by developers of affordable rental housing
  • Adept at gathering and analyzing market data for affordable rental housing
  • Understanding of the regulations that govern affordable housing lending and/or investing
  • Evidence of experience and skill in quantitative analysis in debt and/or equity for affordable rental housing, including the use and interpretation of complex models; taxable and tax-exempt financing; GAAP and tax accounting treatment; and permanent financing, both government and private
  • Knowledge of other BofA products including Investment Banking, Interest Rate Hedging, and Treasury Management, leveraging this product expertise to deliver the best possible and optimally integrated strategic solution for the client
  • Experience in underwriting equity using the federal historic tax credit program a plus

Leadership Competencies:

  • Demonstrates strong business and financial acumen, while acting ethically and responsibly at all times
  • Ensures self and others maintain a strong focus on client needs
  • Manages relationships, both internally and externally, in a manner that makes it easier for the client to do business with our company
  • Contributes to the delivery of practical, innovative solutions to clients that meet their individual needs
  • Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team
  • Actively builds and sustains long-term relationships, both internally and externally, based on mutual trust
  • Intellectually curious, constantly seeks to learn and advance his/her knowledge and experience
  • Remains positive and focused on the job at hand during times of pressure, adversity, or change
  • Resilient, quickly adjusting behaviors in order to be successful.
  • Effective communication skills, both written and oral, using clear, concise and simple language

Key Stakeholders:

  • CDB Wholesale Credit Executive
  • CDB Wholesale Credit Regional Executive
  • CDB Credit Risk Executive and Managers
  • CDB Client Management associates
  • CDB Credit Officers
  • CDB Associate Underwriters
  • CDB Analysts
  • CDB Finance Executive
  • CDB Portfolio Managers
  • CDB Asset Managers

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20017632

Manages People: No

Travel: Yes, 15% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus: