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CREB Underwriter - CDB

Boston, Massachusetts;

Job Description:

Community Development Banking (CDB) is a part of the Commercial Real Estate Bank (CREB), and is committed to building stronger and healthier neighborhoods in low and moderate income communities by providing financing solutions, including equity investments, to for-profit and non-profit developers of affordable multifamily housing nationwide.


For CDB the UW will be responsible for underwriting all aspects of a transaction (i.e., construction debt, non-FHA perm debt and equity) for all product types.


Job Description:

In partnership with our clients, Community Development Banking at Bank of America develops high-quality, residential communities that are affordable for low-income families.  We offer several affordable housing products and promote economic development through co-investments in tax-advantaged equity partnerships.  We collaborate with community stakeholders nation-wide to encourage economic opportunity and environmental sustainability, which we feel ensures that our partnerships are successful over the long-term.  Our relationships with our clients grow as we exchange ideas and foster novel solutions to community problems.  Through our teamwork, we give residents of low-income communities the support which permits them more time and energy for their families and re-investing in their communities.

Associate Underwriters are primarily responsible for assisting Underwriters, Credit Officers, and Relationship Managers in making sound equity and debt investment decisions through completing financial analyses.  They assist Asset Managers with the financial evaluation of equity investments.  In addition, they may evaluate the financial wherewithal of our new and existing clients.  They identify and implement process improvements to improve how we do business and the quality of analysis we give our clients.  In coordination with their colleagues, they may prepare letters of intent or perform other due diligence activities for closing equity transactions. Successful Associate Underwriters will actively participate in recruiting, including interviewing candidates, and coaching new staff.  All Associate Underwriters receive the opportunity to attend trainings, conferences, and networking events in furtherance of their career development.  Successful Associate Underwriters are expected to take an active role in training their colleagues in areas ranging from technical analyses to building soft skills. 

Required:

  • Strongly proficient with MS Excel
  • 3-5 years relevant work experience (tax credit finance not required)
  • Strong communication skills
  • Education of BA or greater

  • Preferred:
  • MBA or MS in Real Estate, Finance, Accounting or Tax
  • CPA
  • Experience with tax credit finance

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Community Development Banking (CDB) is a part of the Commercial Real Estate Bank (CREB), and is committed to building stronger and healthier neighborhoods in low and moderate income communities by providing financing solutions, including equity investments, to for-profit and non-profit developers of affordable multifamily housing nationwide.


For CDB the UW will be responsible for underwriting all aspects of a transaction (i.e., construction debt, non-FHA perm debt and equity) for all product types.


Job Description:

In partnership with our clients, Community Development Banking at Bank of America develops high-quality, residential communities that are affordable for low-income families.  We offer several affordable housing products and promote economic development through co-investments in tax-advantaged equity partnerships.  We collaborate with community stakeholders nation-wide to encourage economic opportunity and environmental sustainability, which we feel ensures that our partnerships are successful over the long-term.  Our relationships with our clients grow as we exchange ideas and foster novel solutions to community problems.  Through our teamwork, we give residents of low-income communities the support which permits them more time and energy for their families and re-investing in their communities.

Associate Underwriters are primarily responsible for assisting Underwriters, Credit Officers, and Relationship Managers in making sound equity and debt investment decisions through completing financial analyses.  They assist Asset Managers with the financial evaluation of equity investments.  In addition, they may evaluate the financial wherewithal of our new and existing clients.  They identify and implement process improvements to improve how we do business and the quality of analysis we give our clients.  In coordination with their colleagues, they may prepare letters of intent or perform other due diligence activities for closing equity transactions. Successful Associate Underwriters will actively participate in recruiting, including interviewing candidates, and coaching new staff.  All Associate Underwriters receive the opportunity to attend trainings, conferences, and networking events in furtherance of their career development.  Successful Associate Underwriters are expected to take an active role in training their colleagues in areas ranging from technical analyses to building soft skills. 

Required:

  • Strongly proficient with MS Excel
  • 3-5 years relevant work experience (tax credit finance not required)
  • Strong communication skills
  • Education of BA or greater

  • Preferred:
  • MBA or MS in Real Estate, Finance, Accounting or Tax
  • CPA
  • Experience with tax credit finance

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21072218

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Tamika Gabriel

Referral Bonus:

0