Director, Underwriting

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Enterprise Community Partners

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1982

🤲 Charity

🤝 Non-profit

🏠 Real Estate

Charity • Non-profit • Real Estate

Enterprise Community Partners is a national non-profit organization dedicated to increasing the supply of affordable housing and advancing racial equity and resilience within communities. Since 1982, they have invested $72 billion to create and preserve over 1 million homes across the United States. The organization offers a range of services including policy advisory, financing for developers, and community development financial institution (CDFI) services. Their mission centers on making home and community places of pride, power, and belonging, with particular focus areas in housing supply increase, racial equity advancement, and building upward mobility and resilience. Enterprise Community Partners also collaborates with other organizations to support sustainable and equitable housing solutions through its Power Forward Communities program. They aim to bring about change by investing in affordable housing and align financial returns with social impact through their Enterprise Community Impact Note.

📋 Description

• Lead and manage a team of underwriters and associates • Coach, mentor, and train both new and established underwriters • Schedule workloads and assign deals to underwriters to balance effort throughout the year • Maintain our expertise in serving proprietary investors and major markets • Serve as the primary interface for the underwriting process with one or more proprietary investors • Lead the engagement, supported by one or more underwriters • Ensure that underwriters meet performance expectations • Step in to manage deals and closings for underwriters on leave • Independently underwrite one or more investments per year if necessary • Plan and lead group meetings and discussions • Develop retreats with meaningful training sessions and collaboration with other departments/consultants • Jointly lead efforts to improve underwriting effectiveness • Participate in ongoing process improvement working groups • Manage ad-hoc groups to address specific problems and solutions • Work with credit, LIHTC structuring services, investor relations, and others to organize, coordinate, and lead training programs • Schedule regular training sessions throughout the year • Lead training sessions or portions of them as appropriate • Collaborate with internal partners to curate and organize training resources

🎯 Requirements

• Bachelor’s degree in Business, Accounting or Finance, or related field required • Master’s degree preferred • 8+ years’ experience real estate finance, affordable housing and/or LIHTC program, apartment market dynamics • Extensive knowledge of LIHTC and strong financial analysis skill is required • Experience in closing real estate transactions highly preferred • Ability to manage multiple tasks effectively under significant time pressure to meet closing deadlines • Extensive Excel modeling skills required • Proficient knowledge of MS Word and Power Point a plus • Strong writing /editing skills needed to produce correspondence and reports • Prior management and/or team leadership experience preferred • Demonstrated verbal communication and interpersonal skills to represent company to all parties • Demonstrates professionalism, diplomacy and composure and is flexible and able to adapt to a variety of situations • Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines • Must be highly motivated, be able to work independently, solve problems and possess strong written and oral communication skills • Ability to maintain big picture focus while attending to detailed work and providing thorough documentation • Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines • Ability to work evening and weekend hours during peak periods

🏖️ Benefits

• dental, health, and vision care plans • family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care • flexible work arrangements to promote a better work-life balance • health advocacy, EAP, and mental health benefits • financial education • wellness programs • auto-enrollment in the company's 401(k) plan with employer matching contributions • learning and development opportunities, including tuition reimbursement for job-related courses and certifications