Underwriter

Job Description

This is a non-merit position with the Iowa Iowa Finance Authority . Candidates must follow the instructions in the "To Apply" section.

Positions in this class are exempt from the screening and referral requirements of the Iowa Department of Administrative Services - Human Resources Enterprise.

The Iowa Finance Authority (IFA) is committed to supporting affordable housing initiatives and creating opportunities for Iowans, communities and businesses to thrive. As part of our team, you’ll play a crucial role on our Asset Management team, ensuring that housing projects thrive and communities flourish.

As an Underwriter, you will conduct underwriting analyses related to IFA’s loan programs, including: Multifamily Loan Program, Low Income Housing Tax Credits (LIHTC), HOME, National Housing Trust Fund, and other special purpose grant programs. Your keen analytical skills and attention to detail will help determine the feasibility of proposed projects. You’ll collaborate with various stakeholders to ensure successful loan closings and adherence to state and federal housing regulations.

General Duties (summary)

Multifamily Loan Program Administration:

• Creates loan origination pipeline for Multifamily Loan Program
• Conducts detailed underwriting analysis of proposed loans
• Analyzes revenues/expenses to develop multi-year financial projections for each property
  
  

Asset Management:

• Performs Asset Management duties that includes reviewing financial, rent, occupancy, compliance and loan data to monitor the health of agency loan portfolio
• Monitors the health of the loan portfolio on a monthly and quarterly basis
  
  

Underwriting:

• Performs underwriting activities for assigned Iowa Economic Development Authority and Iowa Finance Authority programs and provides guidance on real estate issues
  
  

Ideal candidates will have accounting, multifamily lending, and LIHTC experience and exemplify our Core Values:

Accountability in Action - We take pride in our work and results.

Innovate Together - We thrive on solving challenges through dynamic collaboration with our teams and partners.

Mission Driven - We place Iowans at the heart of everything we do.

The Underwriter position is a non-merit, contract covered position that is classified by the State of Iowa as a Management Analyst 4. This position is exempt (salaried) per FLSA regulations.

Benefits

As an employee of the Iowa Finance Authority you are a State of Iowa employee and eligible for a comprehensive benefits package that includes the following and more:

• Insurance – Health, Dental, Life and Long-Term Disability
• IPERS (Iowa Public Employee Retirement System)
• Leave – Sick, Vacation, Family and Military Leave
  
  

To learn more about benefits available to State of Iowa employees visit the benefits web page.

New to the area or looking to relocate to Iowa? Visit www.thisisiowa.com to see how Iowa offers something for everyone- competitively low cost of living, bustling cities and neighborhoods, access to entertainment , opportunities for career growth and unrivaled access to outdoor adventures .

Applicant must pass a comprehensive background check before an offer for employment will be extended.

An EEO/AA Employer

Our agency uses E-Verify to confirm the employment eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit www.dhs.gov/E-Verify .

Minimum Qualification Requirements

Applicants must meet at least one of the following minimum requirements to qualify for positions in this job classification:

• Graduation from an accredited four-year college or university with a degree in any field, and experience equal to six years of full-time work in management analysis, two of which must have involved advanced technical analysis.
• Graduation from an accredited four-year college or university with a degree in business analytics, data science, statistics, mathematics, management information systems, or industrial management, and experience equal to six months of full-time work in data analytics.
• Graduation from an accredited four-year college or university with a degree in any field and possession of a professional certificate in data science or data analytics.
• Graduation from an accredited college or university with a graduate degree in business analytics, data science, statistics, mathematics, business, management information systems, or industrial management.
• All of the following (a, b, and c):
• Two years of full-time work experience in technical management analysis; and
• A total of four years of education and/or full-time experience (as described in part a), where thirty semester hours of accredited college or university course work in any field equals one year of full-time experience.
• A total of four years of graduate-level education and/or full-time experience (as described in part a), where thirty semester hours of accredited graduate college or university course work in public or business administration, industrial management, management information systems, financial management, or a closely-related field equals one year of full-time experience.
• Current, continuous experience in the state executive branch that includes eighteen months of full-time work as a Management Analyst 3.
  
  

For additional information, please click on this link to view the job description.