Director, Underwriting

About the role

Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $92.0 billion and created 1.1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org Working at Enterprise At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with an exceptional benefits package . Job Description Summary The Acquisitions team is hiring a Director of Underwriting to lead and mentor a team, ensuring workload balance and expertise in serving proprietary investors and major markets. This role will oversee the underwriting process, manage performance expectations, and step in for deal management as needed. Candidates should have a relevant degree, extensive real estate finance experience, strong financial analysis skills, and the ability to handle multiple tasks under pressure while demonstrating professionalism and effective communication. Job Description Responsibilities: Lead and manage a team of underwriters and associates. Coach, mentor, and train both new and established underwriters. Schedule workloads and assign deals to underwriters to balance effort throughout the year, ensuring a breadth of experience with different investors and markets. Maintain our expertise in serving proprietary investors and major markets. Serve as the primary interface for the underwriting process with one or more proprietary investors. Lead the engagement, supported by one or more underwriters. Ensure that underwriters meet performance expectations. Step in to manage deals and closings for underwriters on leave and independently underwrite one or more investments per year if necessary. Plan and lead group meetings and discussions to build a highly effective and motivated team of professional underwriting project managers and closers. Develop retreats with meaningful training sessions and collaboration with other departments/consultants. Jointly lead efforts to improve underwriting effectiveness. Participate in ongoing process improvement working groups and manage ad-hoc groups to address specific problems and solutions. Work with credit, LIHTC structuring services, investor relations, and others to organize, coordinate, and lead training programs. Schedule regular training sessions throughout the year, both virtually and during special events such as retreats and staff meetings. Lead training sessions or portions of them as appropriate. Collaborate with internal partners to curate and organize training resources, including ongoing Underwriting trainings, LIHTC Structuring trainings, and the Acquisitions and Underwriting Resource Hub. Qualifications: Bachelor's degree in Business, Accounting or Finance, or related field required. Master's degree preferred. 8+ years' experience real estate finance, affordable housing and/or LIHTC program, apartment market dynamics in both urban and suburban areas, and familiarity with industry policies, issues, and programs Extensive knowledge of LIHTC and strong financial analysis skill is required. Experience in closing real estate transactions highly preferred. Ability to manage multiple tasks effectively under significant time pressure to meet closing deadlines. Extensive Excel modeling skills required. Proficient knowledge of MS Word and Power Point a plus. Strong writing /editing skills needed to produce correspondence and reports. Prior management and/or team leadership experience preferred. Demonstrated verbal communication and interpersonal skills to represent company to all parties. Demonstrates professionalism, diplomacy and composure and is flexible and able to adapt to a variety of situations. Strong organizational skills and ability to coordinate complex activities, prioritize conflicting demands and meet deadlines. Must be highly motivated, be able to work independently, solve problems and possess strong written and oral communication skills. Incumbent is expected to demonstrate strong ethics in interpersonal relations and work as an effective, collaborative team member. Ability to maintain big picture focus while attending to detailed work and providing thorough documentation. Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadl

Your Match

How well this role fits your profile.

Company Intel

What employees say

Worked at Enterprise Community Partners? Share your experience