VP Underwriting

$125,000 - $135,000 yearly
  • The Paulsen Group
  • Remote (Eastern US)
  • Nov 12, 2021
Full time LIHTC Syndicator

Job Description

The Vice President | Underwriting will report to the Chief Credit Officer and will be responsible for the initial underwriting of prospective real estate investments including a thorough market analysis, a determination of achievable rents, and the establishment of pro-forma expenses. 

  • Coordinate ordering a Market Study from approved list of market study providers.
  • Complete a detailed review of the Market Study. Coordinate with Acquisitions (deal team) on comments/corrections, and follow-up with the third party provider to ensure all comments and questions are resolved in the final report.
  • If deemed necessary, conduct an underwriting site visit prior to the Credit Committee meeting to evaluate the specific site location and/or property, if existing real estate, and visit tax credit and market rate comparable properties.
  • Complete the revenue/rent and operating expense analysis based on key due diligence such as the market study, appraisal, rent rolls, comparable data, utility allowances, loan documents, tax credit application, etc.
  • Review all documents related to resident social services (e.g. contracts, budgets, etc.) in order to provide a cohesive narrative regarding the on and off-budget service expense and contracts.
  • Communicate with Acquisitions (deal team) regarding questions developed during the underwriting process, ensuring that all questions are resolved in a timely and appropriate manner.
  • Communicate with the Chief Credit Officer regarding any material questions or concerns developed through the underwriting process.
  • Participate in internal committee meetings as needed.
  • Participate in transition/hand-off meetings with Portfolio Management.
  • Participate in annual review of the stabilized operating portfolio, providing insight on potential areas of concern that could influence current underwriting standards.
  • Coordinate with Acquisitions on any underwriting post-closing follow-up.


  • BS in Finance, Accounting or other related field; CPA or CFA a plus;
  • 3-5 yrs technical knowledge of multifamily real estate underwriting, accounting and tax issues is required;
  • Familiarity with affordable housing industry;
  • Demonstrable passion for supporting a growth organization; hands-on approach with high integrity and desire to work in a dynamic environment;
  • Excellent financial modeling skills;
  • Collaborative and flexible style, with a strong service focus;
  • Ability to balance competing priorities and tight deadlines;
  • Excellent communication skills;
  • Outstanding analytic and organizational skills, a high degree of intellectual curiosity;
  • Well organized and self-directed individual, as well as a team player; and
  • Ability to draw connections between different disciplines.