Wisconsin Housing and Economic Development Authority (WHEDA) serves Wisconsin residents and communities by providing financial and technical resources to stimulate affordable housing and economic development. They are seeking a Commercial Lending Analyst - Underwriter to perform underwriting and evaluate financial and non-financial information for multifamily lending and economic development projects.
Responsibilities
- Obtain and analyze extensive and pertinent financial and non-financial data about the borrower and the proposed project for a given product line (Multifamily, LIHTC or Economic Development projects). Ensure consistent parameters are applied to all applications and identify variances. Work in conjunction with senior staff members to evaluate risks associated with WHEDA’s policies and procedures and prepare recommendations
- Perform due diligence on loan applications; identify gaps and work in concert with other staff members to identify solutions to resolve issues. Prepare related documents and maintain related systems
- Assist in developing and delivering written summary and oral presentations including detailed financial analysis and recommendations for approval to appropriate loan committees. Work closely with the management and other staff members to ensure consistency, accuracy of work product and compliance with WHEDA’s policies and procedures
- Review and document approval of loan closing due diligence items; assist in loan closings and conversions; perform tax credit related tasks for assigned projects. Underwrite and score LIHTC and other applications
- Develop/use/maintain a thorough working knowledge of WHEDA, State and Federal programs and resources to serve customer needs. Work collaboratively within the Commercial Lending team to identify potential opportunities for process improvements, documentation, and communication
- Participate in development and implementation of policies and procedures. Participate in the development, testing, and implementation of new products or systems
- Assist in preparation of a variety of management reports related to lending activities. Support Management during regulatory exams, external and internal audits, and reviews
- Performs or assists in other duties as assigned
Skills
- Bachelor's Degree in business, real estate, finance, or related field and one to three years of real estate experience; or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job listed above
- Valid Driver's License Required
- Underwriting principles and practices
- Loan application documentation and processing procedures
- Credit report review principles and practices
- Risk assessment principles and practices
- Analyzing problems and recommending appropriate solutions
- Providing customer service
- Conducting multiple tasks simultaneously
- Analyzing property third party reports such as market study, appraisals, capital needs reports
- Preparing reports and making presentations
- Gathering appropriate data for approval and denial decisions for loans
- Applicable Federal, State, and local laws, rules, and regulations
- Ability to conduct cost-benefit analysis and calculating a ROI using available data points to generate associated work reports
- Proficiency in MS Office suite and other database software
- Attention to detail, and ability to troubleshoot for process improvement
- Excellent verbal and written communication skills
- Problem solving skills and ability to work under pressure
- Successful prioritizing and management of work projects
- Maintains confidentiality related to internal/ external customers and any other information obtained in this role
Benefits
- Medical, Vision, and Dental Insurance
- State Retirement plan
- 457 Deferred Compensation
- Group Term Life Insurance (and optional term life insurance for family members)
- Disability Insurance
- Paid sick leave
- Paid vacation time twenty-eight (28) personal holiday hours
- Twelve (12) paid legal holidays per year
- Tuition reimbursement program
Company Overview
THE Authority on housing. It was founded in 1972, and is headquartered in Madison, Wisconsin, USA, with a workforce of 51-200 employees. Its website is https://www.wheda.com/.
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