COMMERCIAL LENDING OFFICER at WHEDA

Madison, Wisconsin, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Apr, 26

Salary

97179.0

Posted On

16 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Underwriting Principles, Debt Sizing, Trend Analysis, Risk Analysis, Risk Mitigation, Housing Revenue Bonds, Low-Income Housing Tax Credits, Governmental Sources, Analytical Skills, Problem-Solving Skills, Report Preparation, Presentation Skills, Federal Laws, State Laws, Local Laws, MS Office

Industry

Financial Services

Description

WHY WHEDA? WHEDA serves Wisconsin residents and communities by working with others to provide creative financial and technical resources to stimulate and preserve affordable housing, small businesses, and agriculture. WHEDA employees participate in the State of Wisconsin benefit package (https://www.wheda.com/about-wheda/careers/benefits [https://www.wheda.com/about-wheda/careers/benefits]). WHEDA offers an excellent benefits package that includes Medical, Vision, and Dental Insurance, State Retirement plan; 457 Deferred Compensation, Group Term Life Insurance (and optional term life insurance for family members), Disability Insurance, paid sick leave, paid vacation time twenty-eight (28) personal holiday hours, twelve (12) paid legal holidays per year, tuition reimbursement program. WHEDA is an equal opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans are also encouraged to apply. WHEDA has a remote work policy where certain employees may enjoy a hybrid or remote work schedule, based on position and business needs. See more details below related to this specific position. WHEDA is seeking a [Position] to join our [Department] in our Madison facility. SALARY: Hiring Range for this position is from $78,147 to $97,179 Annually. Offered Salary will be based on qualifications and internal pay equity. WHEDA provides a competitive salary and WHEDA employees participate in the State of Wisconsin benefit package which includes retirement, health insurance and deferred compensation programs. POSITION OVERVIEW: Commercial Lending Officer is a professional position responsible for evaluating, structuring, and placing resources by thorough and complete assessment of information and data. The Commercial Lending Officer is proficient in interpretation, analysis, and evaluation of multifamily and economic development product lines and is independently able to evaluate and align funding resources ESSENTIAL DUTIES: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. * Oversee, guide, and execute, as needed, underwriting funding requests across all product lines (Multifamily, LIHTC or Economic Development projects). Assess financial strength of the project and sponsor capacity by reviewing financial statements etc. to measure risk and recommend resolutions. * Review and finalize due diligence documents in preparing the final decisions by resolving all gaps in conjunction with management. Deliver written and oral presentation with succinct information supported by documented analysis and data specific to the transaction, and other relevant information such as the market, borrower, capacity, deal strength, programmatic requirements, and mission alignment. * Co-present at loan committees, with primary focus on the risk aspect of the transaction and justification for acceptable level of risk. Work closely with the Business Development Officer and management to outline diverse conclusions and opinions on forming a strong business. * Support Commercial Lending Analyst/ Underwriter in resolving complex issues in loan closing, loan conversions and tax credit workload. Underwrite and score LIHTC and other applications. * Lead and/or collaborate on the efforts to design product offerings, process improvements, documentation, policy and procedures, and system enhancements. * Lead various departmental activities such as multiple reporting needs, regulatory exams, audits, research and exploring creative solutions. * Serve as Subject Matter Expert (SME) on various product offerings, Qualified Allocation Plan and strategic priority goals. Collaborates with Management in offering training, presentations, and public speaking. * Perform or assist with other duties as assigned. QUALIFICATIONS: * Bachelor’s Degree in business, real estate, finance, or related field; AND a minimum of 5 years of related experience; OR an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job listed above. * Valid Driver’s License Required. KNOWLEDGE AND SKILLS: * Mastery in underwriting principles including debt sizing, trend analysis, risk analysis and mitigation. * Deep understanding of market and external factors of role of public finance. * Experience working with housing revenue bonds, low-income housing tax credits, and other governmental sources. * Risk assessment principles and practices. * Excellent analytical and problem-solving skills. * Experience in preparing reports and making presentations to facilitate major decisions. * Knowledge of applicable Federal, State, and local laws, rules, and regulations. * Proficiency in MS Office suite and other database software. * Attention to detail, and ability to troubleshoot for process improvement. * Excellent verbal and written communication skills. * Problem solving skills and ability to work under pressure. * Strong adherence to confidentiality in working with clients and vendors. Remote Work Options: This position is eligible for hybrid work that includes 30% in-office work APPLICATION DEADLINE: This position will remain posted until filled. * Please note- no exceptions will be made after closing date Questions may be directed to whedahr@wheda.com. This position is not eligible for a work-related immigration visa sponsorship. We request you do not include a photo of yourself with your application for employment. Any submitted will be removed prior to viewing by hiring leaders. An Equal Opportunity Employer Operating Under an Affirmative Action Plan. To be considered for positions all applications must be complete.

Responsibilities

The Commercial Lending Officer is responsible for evaluating, structuring, and placing resources through thorough assessment of information and data. This includes overseeing underwriting funding requests, reviewing due diligence documents, and co-presenting at loan committees.