High Impact is hiring a full-time Senior Underwriter to lead real estate loan underwritings for impact lenders, including community development financial institutions, foundations, and government entities. This position may be based in our Albany, NY office or may be remote. The Senior Underwriter will have expertise in affordable housing underwriting, charter school facility finance, and/or other community development finance sectors. Experience with low income housing tax credits, new markets tax credits, and other commonly used state and federal subsidy programs is strongly preferred. The successful candidate will be comfortable underwriting a range of loan products, including real estate loans spanning the entire development cycle from predevelopment through permanent, and performing deep analyses of borrower/guarantor financial statements.
High Impact is a Certified B Corporation that facilitates investment across the U.S. in affordable housing, charter school facilities, commercial real estate, and other community-driven projects by providing capacity and expertise to lenders focused on improving outcomes in underserved communities. Since our founding in 2014, we have underwritten over $600 million of community development loans and investments. High Impact also provides portfolio management and strategic consulting services to CDFIs and others. The Senior Underwriter may interact with those services if the successful candidate has a special interest in or expertise related to them.
The Senior Underwriter leads deal underwriting within their area(s) of expertise (i.e. multifamily housing). The Senior Underwriter will underwrite directly while assigning component tasks to an Analyst and interfacing with the client and borrower. A typical work week may include work on 2-4 loan underwritings (80% of working hours), which consists of analytical and written work and phone calls and emails with borrowers and clients; collaborating with another staff member on their work (10%); participating in High Impact's weekly staff meeting and weekly underwriting pipeline meeting (5%); and working on a special internal project, such as contributing to B Corp recertification (5%). The Senior Underwriter will also have the opportunity to attend 1-3 conferences annually, participate in internal and external professional development opportunities, and may on occasion conduct a site visit for an underwriting.
The successful candidate will have excellent writing skills, strong interpersonal skills, enthusiasm for and a strong understanding of our work in community development, the ability to manage multiple projects simultaneously, and expertise in one or more relevant sectors, such as multifamily housing or charter schools.
The Senior Underwriter position requires at least 5 years of underwriting experience. Candidates with more experience may be considered for an alternative position (Director of Real Estate Underwriting) and are encouraged to apply. Entry-level candidates will not be considered and should look for future job postings for Analysts instead.
High Impact offers a competitive salary and benefits including a 5% 401(k) match; health, dental, and vision insurance; 15 days PTO (with more based on years of service) and 10 holidays; and profit share.
Interested candidates should submit a cover letter and resume by December 1, 2020. A cover letter is required for consideration. The successful candidate will begin work at a mutually agreeable start date. Remote candidates will be considered, as will candidates interested in working from our headquarters office in Albany, NY.
High Impact is hiring a full-time Senior Underwriter to lead real estate loan underwritings for impact lenders, including community development financial institutions, foundations, and government entities. This position may be based…