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Analyst - Underwriting

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Nashville
 TN
Postal Code
37027
Country
United States

This job is no longer active.

Description


The professionals at Greenwich Street Community Capital (“GSCC”), a dedicated subsidiary of Situs Group, underwrite and close construction and permanent loans that are used to finance the new construction and preservation of affordable and workforce rental housing for Citi Community Capital (“CCC”), the community lending and investing arm of Citigroup.  Employees of GSCC are fully integrated with Citi employees at Citi locations.

 

 

CCC works with for-profit and non-profit developers, as well as state and local government agencies on both straightforward and highly structured transactions.  The projects we finance serve the homeless, seniors, those with disabilities, as well as low income families and individuals.  They may also include workforce housing or market rate units and other commercial uses.  We are among the largest Fannie Mae and Freddie Mac mortgage bankers in this sector in addition to being a balance sheet lender.

 

 

We work throughout the country from 13 offices and, according to Affordable Housing Finance Magazine, have been the #1 affordable housing lender in the United States in each of the past eight years.  That success is due in large part to having the strongest, most innovative team of professionals in the country.


KEY RESPONSIBILITIES

·         Support Underwriters in all aspects of underwriting and closing new deals.  Candidate will report to the Central Region team lead in Nashville, TN.

·         Assist in financial feasibility analysis of construction loans, permanent loans (agency and balance sheet) and analyze real estate market dynamics

·         Review due diligence and aid in the preparation of credit memorandums in addition to financial analysis spreadsheets which are presented to credit committee for approval

·         Process deals through internal systems to ensure transactions are property represented in the risk systems and satisfy regulatory requirements

·         Travel to markets throughout the United States to conduct site inspections, meet with internal and external clients, and analyze real estate market dynamics


REQUIRED SKILLS

·         The successful candidate will become comfortable analyzing real estate projects for financial feasibility as well as analyzing market factors including: commercial real estate concepts such as NOI, Cap Rates, debt service coverage, etc.

·         The individual must have excellent communication, organization, and interpersonal skills, as well as the ability to multi-task under tight deadlines.  Candidate will have the tact and composure to provide client focused business while also managing internal relationships.   

·         High attention to detail and the desire to take ownership of a process to drive towards resolutions

·         Excellent analytical and computer skills including the ability to quickly adopt new technology

·        Candidate should have a desire to learn about the nuances of Affordable Housing, bond and LIHTC transactions

·       Ability to travel on short notice necessary  

·        Candidate is required to have a BA/BS.  Preferred candidates would have 1-2 years of real estate loan underwriting or equivalent banking experience.

 

This Employer Participates in E- Verify.

 EOE/M/F/D/V

 

Job Function


 

Job Sector


Not specified

 

Experience


1+ to 2 years


This job is no longer active.

Finance / Investment Nashville Full Time TN Underwriting Analyst - Underwriting other