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Charleston, West Virginia Full Time Posted: Tuesday, 13 August 2019
 
 
Job Description

Job Summary: This employee is responsible for managing the day-to-day operations of the multifamily lending functions by fulfilling the overall technical aspects involved in the development of affordable housing. The incumbent will be originating, evaluating, providing credit analysis and underwriting, negotiating and closing loans. Clients will include non-profit service providers and commercial real estate developers among others.

They will also prepare executive summaries and recommendations on loan packages to the Executive Management team. They will have access to sensitive and confidential data; therefore, confidentiality must be maintained at all times.

Essential Functions:

  • Encourages and assists housing developers and other interested parties to participate in the Fund's programs;
  • Originates, structures, processes, underwrites and closes multifamily deals;
  • Prepares executive summaries and recommendations for program loans to Executive Management;

  • Reviews project proposals and scores projects;

  • Conducts loan closings, contract negotiations and training;

  • Communicates with clients, agencies and partners regarding the Fund's multifamily lending policy, application requirements, and program conditions;

  • Ensures departmental compliance with specific federal, state and programmatic requirements, such as USDA 538, in all phases of the loan underwriting process;

  • Identifies problem loan relationship and assists with the Fund's workout efforts;

  • Develops performance standards for multifamily and long-term project oversight; and

  • Provides support to other departments and programs as needed.

Supervisory Responsibility: Provides all necessary and appropriate oversight of the Multifamily lending department in the performance and documentation of employee work assignments, time sheets, and expense reports. Responsible for reviewing departmental staffing requirements, recommending candidates for hiring and disciplining employees as required; annually sets objectives and goals.

Work Environment/Physical Demands:The employee in this position may be required to sit at a desk for long periods of time. Routinely uses standard office equipment such as computers, phones, etc. May be required to travel statewide.

Required Education/Experience: Bachelor degree in Business Administration, Finance, Accounting, or related field and a minimum of five years' experience in commercial bank/real estate property development with at least two or more years in financial/risk analysis and credit underwriting; three years of responsible supervisory, management, lending and credit experience. Proficient knowledge of Microsoft Office products.

Preferred Education/Experience: Completion of Mortgage Bankers School with a Master's Degree in Business, Public Administration, or City Planning; previous experience managing a commercial lending program at a banking institution.

Required Certificates/Licenses: Valid driver's license.

Company Description The West Virginia Housing Development Fund is a public body corporate and governmental instrumentality of the State of West Virginia established to increase the supply of residential housing for persons and families of low and moderate income, and to provide construction and permanent mortgage financing to public and private sponsors of such housing. To date, the Housing Development Fund has issued more than $4.3 billion in bonds and has financed more than 120,000 housing units since it began operations in 1969. The West Virginia Housing Development Fund is an Equal Housing Opportunity Lender.

Charleston, West Virginia, United States of America
Finance
West Virginia Housing Development Fund
West Virginia Housing Development Fund
JSCBC43C00/744715290
8/13/2019 6:31:55 PM

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