Underwriter

THIS IS A SHORT-TERM TEMPORARY EMPLOYMENT OPPORTUNITY

Position Summary

Job Duties and Responsibilities include:

• Conduct underwriting reviews for all program cases in accordance with HUD’s and PRDOH’s underwriting criteria.
• Evaluate applicants for financial viability based on program requirements.
• Request additional information and supporting documentation from applicants as needed.
• Identify qualified applicants and prepare award notifications.
• Send pre-grant closing documents prior to Environmental Review and/or Award Coordination.
• Ensure compliance with federal regulations, specifically 24 CFR Part 570, Appendix A.
• Other duties as assigned.

Skills and Competencies

• Strong analytical and problem-solving skills.
• Ability to interpret and apply complex regulations and financial requirements.
• High attention to detail and organizational skills.
• Effective written and verbal communication in both Spanish and English.
• Ability to work independently in a remote environment.

Education and Experience

• Education: Bachelor’s degree in Business Administration from an accredited institution, with major coursework in Finance, Accounting, Banking, Real Estate, or related fields.
• Experience: Minimum of three (3) years in commercial and residential underwriting, credit analysis, and risk analysis in a bank, commercial lender, private equity firm, lending institution, bank regulator, or financial advisory firm.
• Technical Expertise:
  • Loan underwriting for commercial and residential real estate, industrial facilities, and various loan types.
  • Credit file and report reviews, appraisal reviews, and pro forma analysis for development, operational, and financial projections.
  • Review of construction estimates, property condition reports, debt structures, and cash flow analysis.
  • Risk analysis, debt coverage reviews, and market/industry data analysis.
  • Strong knowledge of financial ratio analysis tools.
• Language Skills: Bilingual – fluent in Spanish and English (speak, read, write, and communicate effectively).