Senior Underwriter

Background

High Impact Financial Analysis is a growing, entrepreneurial, Certified B Corporation® that provides underwriting, portfolio management, and data analytics services to mission-driven lenders and investors. High Impact clients include Community Development Financial Institutions (“CDFIs”), philanthropic foundations, government entities, and green banks located across the U.S. Our staff is unified behind the core values that influence all aspects of our operations: empathy and support, everyone has a seat at the table, solutions-oriented, and social impact.

High Impact recognizes the importance of autonomy and flexibility, and supports these values by holding no internal meetings on Fridays to allow time for deep work, having a clear communication policy that preserves non-working hours, offering flexibility in work schedules, and providing opportunities for profit sharing, regular training, and ongoing opportunities to grow within the firm.

Summary

We have an exciting full-time, remote or in-office opportunity available for a Senior Underwriter in community development finance.  Projects that the Senior Underwriter leads or oversees will include complex transactions that require a strong ability to balance credit risk with mission. The Senior Underwriter will enjoy significant variety in the types of loans and clients that they interact with. The ideal candidate is passionate about creating positive social impact through a career in community development lending and impact investing and has at least 5 years of experience underwriting commercial loans for multifamily housing projects, businesses, charter schools, commercial real estate, or other community assets.

Responsibilities

• Independently underwrites clear, accurate and well-organized credit memoranda for loans in complex transactions involving low income housing tax credits, new markets tax credit, charter schools, and other community development assets and financing structures.
• Successfully manages two to three deals at a time with completion ranging from three weeks up to six weeks depending on the complexity and scope of work. Work may be completed independently or in partnership with other staff.
• Reviews incoming loan packages for completeness and assists in assigning work to staff.

Travel may be required for this position 1-3 times per year as public health conditions allow.

Requirements

Experience

• At least 5 years of experience underwriting commercial loans for multifamily housing projects, businesses, charter schools, commercial real estate, or other community assets.

Soft Skills

• High degree of empathy in interpersonal relations and effective at supporting junior staff.
• Effective at participating in and fostering an environment of inclusion and transparency.
• Strong commitment to using professional skills to create positive social impact.
• Solutions-oriented approach to day-to-day work and internal and external operations.
• Solid organizational and time management skills, including ability to work independently with minimal supervision and to manage multiple assignments simultaneously.
• Very strong written and oral communication skills and excellent attention to detail.
• Good self-awareness and ability to show humility and willingness to learn.

Education and Training

• Bachelor’s degree in accounting or finance, or a business degree with a concentration in finance, or a combination of other education with relevant professional experience.

Compensation and Benefits

This position’s salary ranges from $80,000 – $100,000, dependent on experience, with the upper end of the range requiring CDFI-specific experience in relevant asset classes. Benefits include a 401(k) with a 5% match; paid time off; profit share; and a company contribution to health insurance through an HRA. We offer 10 standard holidays and 15 PTO days (with more based on years with the firm), and every first Friday of the month is a company holiday as well—we want our staff to be able to strike a good work-life balance as we work hard to support our mission of community development.

High Impact recognizes that it is essential to provide equal opportunities to all persons without discrimination. High Impact will not discriminate on the basis of sex or gender identity, race, marital status, age, national origin, physical or mental disability, sexual orientation or religion in the allocation of duties between employees employed at any level with comparable job descriptions.  High Impact will put in place any reasonable measures and/or accommodations within the workplace for those employees who become disabled during employment or for disabled appointees. All employees will be considered solely on their merits for career development and promotion with equal opportunities for all.  All employees are encouraged to act fairly and proactively to prevent discrimination on the grounds of sex or gender identity, race, marital status, age, national origin, physical or mental disability, sexual orientation or religion.

How to Apply

To be considered for this position, qualified candidates are required to submit a resume and cover letter by April 24, 2022 using this link: https://www.fitzii.com/apply/76239?s=c1. Resumes submitted without a cover letter will not be reviewed. Thank you for your interest in High Impact!