Underwriting Manager manages daily operations of the underwriting process. Implements underwriting strategy and operational policies for product lines. Being an Underwriting Manager oversees the review and approval process for decisions and recommendations related to complex cases. Defines and establishes procedures for risk criteria, application and renewal, and acceptance and rejection. Additionally, Underwriting Manager develops underwriting team expertise with coaching, support and educational programs. Requires a bachelor's degree. Typically reports to a senior manager. The Underwriting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Underwriting Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
This position has been reposted. Previous applicants are still being considered and need not reapply.
Are you a finance professional searching for a career through which you can make a meaningful difference? Do you desire both great benefits and work-life balance? Look no further! The SC State Housing Finance and Development Authority (SC Housing) is actively seeking a Multifamily Underwriting Manager.
About Us:
SC Housing is a forward-thinking organization that is committed to changing lives by creating safe, decent, and affordable housing opportunities that fulfill dreams and inspire hope in our citizens. We are transforming the housing industry in our state through cutting-edge programs and competitive financial products that make homeownership affordable and quality rental housing possible for many. Our staff energizes the work that we do and helps find solutions that make a difference in the lives of others.
We are seeking change agents who want to use their talents to develop meaningful housing solutions that help individuals and communities to flourish. Our work culture supports creativity, innovation, teamwork, and problem-solving at all levels. If you are seeking to be a part of a progressive organization that will allow you to connect your passion for improving the lives of others to purpose, we invite you to join our team of energetic housing champions.
Responsibilities of the Multi-Family Finance Manager:
SC Housing's Multifamily Development Division administers a diverse portfolio of housing development programs across the state of South Carolina to include Low Income Housing Tax Credit (LIHTC), HOME, SC Housing Trust Fund (SCHTF), National Housing Trust Fund (NHTF), and Multi-Family Tax Exempt Bonds programs. We are seeking an individual to manage, plan, and underwrite allocations our Multifamily Development Division receives. Underwriting determines the fiscal responsibility as it relates to the complexity of financing multifamily housing. The Multifamily Underwriting Manager will work closely with Multifamily Development Leadership and awarded entities to ensure projects are compliant, requirements are satisfied, and risks are identified.
In this position:
Agency Minimum Qualifications*:
A bachelor's degree in business, public administration, accounting, finance or a related field of study and five (5) years of full time experience in the administration of federal grants, housing subsidy programs, housing management, housing construction, housing finance, real estate, mortgage industry and/or other housing related field. Three (3) years of full-time supervisory management experience, which may run concurrently with professional experience.
* Candidates must specifically meet the Agency Minimum Requirements or an equivalent combination of education and experience to be considered for this position.
Additional Requirements:
What makes us Different?
We are a state governmental agency but one unlike you’ve encountered before. We operate much more like a private sector business. We are a completely self-sustaining operation that offers rental and homeownership products and services and we face many of the same regulatory, market, and financial hurdles of private sector financial institutions. Our clear advantage to employees is that we offer challenging, and meaningful work but with an appropriate work-life balance as well as excellent state government benefits. Now we’re looking to reinforce our team with a person who is enthusiastic, motivated and eager to work with us.
Our Benefits Package:
The South Carolina State Housing Finance & Development Authority offers an exceptional
benefits package that includes: