Loan Underwriter Loan Underwriter …

Barings
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Competitive
Barings
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Competitive
Loan Underwriter
Affordable Housing Loan Underwriter Charlotte, NC, United States/en-US/Barings/job/Charlotte--NC-United-States/Affordable-Housing-Loan-Underwriter_JR_002085/apply

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Business Unit:

Multifamily

Title Affordable Housing Loan Underwriter

Location - Charlotte, NYC, Chicago or El Segundo

Job Description

At Barings, an affordable housing underwriter is responsible for partnering with the originations coverage team and credit management to underwrite permanent loans for affordable and workforce housing multifamily properties. As a member of the Affordable Housing team, this individual will lead the credit process, ensuring prudent loan underwriting, third party reports reviews and timely and accurate preparation of loan approval memos for the investment committee. This individual will work closely with the Barings Head of Affordable, RE Head of Credit and the affordable Originators to ensure proper process and procedures are being executed accurately and efficiently. This individual will stay abreast of borrower needs by directly managing credit and underwriting matters on affordable housing loans.


Primary Responsibilities

  • Ensures new loans and extensions are underwritten to prudent risk standards and are in compliance with the companys commercial loan and credit risk policies
  • Supports, communicates and leads credit underwriting for affordable housing loans
  • Brings transparency and a team approach mentality
  • Brings experience in loan structuring, underwriting, servicing and risk rating for balance sheet loan products
  • Has limited exposure to Fannie Mae and Freddie Mac affordable loan products
  • Is comfortable engaging and working with borrowers to work through underwriting issues
  • Prepares and presents loan approval memos and packages to investment committee
  • Maintains strong discipline for credit and timely and responsive underwriting
  • Can multi-task among multiple loans concurrently while helping to grow the Affordable Housing platform
  • Creates and maintains strong working relationships with teammates and borrowers

This position is incentive eligible.

Requirements

  • BA/BBA/MBA and completion of a major corporate credit training program (or the equivalent corporate banking/corporate finance experience)
  • Three (3) years of commercial/corporate banking experience with experience in Affordable Housing debt products
  • Solid understanding of LIHTC deals and how they work
  • Solid capital markets knowledge and commercial finance experience

Skills and Competencies

  • Demonstrated self-starter with strong work ethic, excellent verbal and written communication skills, interpersonal skills, problem solving skills, multi-tasking skills and time management skills
  • Ability to build cohesive relationships that incorporates core values, builds trust and promotes a productive environment among teammates and within the overall Barings Real Estate platform
  • Strong desire to learn and work collaboratively to help grow the Affordable Housing platform

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Posted YesterdayFull timeJR_002085

Barings is a leading global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative, institutional-quality solutions and service.

Our team-driven culture is based on transparency, responsibility and putting our clients interests first. We listen to our clients to understand their needs, so that we can be a strategic advisor and long-term partner in meeting their unique investment goals. Risk management and protecting our investors capital over the long term is an essential component of our lasting partnerships.

Barings is also committed to building long-term relationships with our associates and providing opportunities and support to help them succeed. With our expanding business and global footprint, Barings offers a wealth of opportunities for associates who share our culture, values and commitment to excellence in client service.

As an organization, we believe that a diversity of perspectives and strengths is essential to meeting the evolving needs of our clients, and we are committed to attracting and retaining a talented workforce as diverse as the clients and communities that contribute to our success.

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