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Senior Associate, Underwriting

Local Initiatives Support Corporation
Location
Remote
Posted
26 days ago
Department
Strategic Investments
Salary
$93,362-$116,703
What they actually want (must-haves)
  • 6–8 years of relevant experience in affordable housing finance, commercial banking, community development lending, or a related field
  • Experience independently underwriting complex multifamily real estate transactions from initial evaluation through credit approval and closing
  • Prior experience presenting or co-presenting transactions to credit or investment committees
  • Advanced proficiency in financial modeling, cash flow analysis, credit analysis, and Excel
  • Demonstrated ability to independently manage multiple concurrent transactions and exercise sound credit judgment with limited oversight
  • Strong written and verbal communication skills, including the ability to synthesize complex analysis and present investment recommendations clearly
Nice to have
  • Experience underwriting transactions across multiple U.S. markets or geographies
  • Experience with LIHTC, New Markets Tax Credits, or other public subsidy structures
  • Experience underwriting equity investments in addition to debt
  • Experience mentoring or supervising junior analysts
What the job really is

The Senior Associate, Underwriting & Fund Investments at LISC is responsible for managing complex multifamily transactions in affordable housing from initial intake through to closing. This role involves conducting financial analysis, preparing credit presentations for Investment Committee approval, and collaborating with various stakeholders to ensure successful transaction execution. The position requires strong credit judgment and the ability to work independently on multiple transactions.

Benefits
  • Comprehensive health plans for you and your family's well-being
  • Long-term and short-term disability insurance
  • 401(k) and 403(b) retirement savings plans
  • Generous holidays and ample time off
  • Flexible vacation, PTO, and sick days
  • Tuition assistance program
Things to weigh
  • Salary range is provided but may vary based on several factors
  • Role requires substantial independence and sound judgment, which may not suit all candidates
  • Travel expected to be less than once per month, which may be a consideration for some candidates
Job score4.4/5
Benefits4/5
Freshness4/5
Career value4/5
Role clarity5/5
Pay transparency5/5

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