Development Underwriter

Job Responsibilities

This position has been reposted. Previous applicants are still being considered and need not reapply.

Are you looking for a purpose-driven career, not just the same old 9 to 5? One that gives you a reason to come to work beyond just receiving a paycheck? Look no further! The SC Housing Finance and Development Authority (SC Housing) is actively searching for a Development Underwriter for our Multifamily Development Division!

Why join SC Housing?

We know our employees work hard, so we work hard to encourage a culture that promotes work-life balance, well-being and employee engagement/recognition. We are a forward-thinking organization that is committed to changing lives by creating safe, decent, and affordable housing opportunities that fulfill dreams and inspire hope in our citizens. Our staff energizes the work that we do, and helps find solutions that make a difference in the lives of others. If you want to be part of an organization that allows you to connect your passion for improving the lives of others to purpose, we invite you to join our team of energetic housing champions!

How will you fit in?

Are you passionate about making a difference in the lives of South Carolinians? As a Development Underwriter with SC Housing, you will play a vital role in advancing our mission to provide safe and affordable housing across the state.

As part of our Multifamily Development team, you will work independently under the guidance of the Financial Management Manager, ensuring funding decisions align with federal and state guidelines. Your expertise in financial analysis and underwriting will drive strategic investments, helping to create and sustain affordable housing communities throughout South Carolina.

What will you do?

SC Housing’s Multifamily Development Division administers a diverse portfolio of housing programs, including Low Income Housing Tax Credit (LIHTC), HOME Investment Partnerships Program (HOME), SC Housing Trust Fund (SCHTF), National Housing Trust Fund (NHTF), Small Rental Development Program (SRDP), and Multifamily Tax-Exempt Bonds.

We are seeking a financial underwriter to perform underwriting and financial analysis reviews of multifamily housing proposals seeking assistance. In this position, you will:

Conduct underwriting and financial analysis of multifamily housing proposals seeking funding.

Develop and maintain financial models to assess project feasibility and funding awards.

Contribute to the development of underwriting guidelines that shape funding decisions.

Utilize database software to manage historical data and program documentation.

Minimum and Additional Requirements

Agency Minimum Qualifications: *

A bachelor’s degree in accounting, finance, business administration, economics, or a related field.

Three (3) years of full-time experience in accounting, auditing, finance, commercial loan underwriting, or a related area.

* Candidates must specifically meet the Agency Minimum Requirements or an equivalent combination of education and experience to be considered for this position.

Additional Requirements:

Strong financial analysis and underwriting skills, with the ability to assess complex rental housing developments

Excellent problem-solving abilities and sound judgment in adapting to different circumstances

Ability to manage multiple priorities and meet deadlines

Exceptional verbal and written communication skills

Proficiency in Microsoft Excel, including spreadsheet design and formula creation

Must be able to lift and carry files, books, and reports weighing up to 20 lbs. Must be able to perform filing, desk work, and operate general office equipment. Must be able to sit or stand for prolonged or intermittent periods of time while sharing, gathering, or presenting information to other staff members or external parties. The employee must be able to perform these tasks with or without reasonable accommodations. SC Housing is committed to a diverse workforce and does not discriminate on the basis of race, color, national origin, religion, age (40+) disability, or sex (including pregnancy, childbirth, or related medical conditions, sexual orientation, or gender identity).

Preferred Qualifications

Certifications in housing development finance or economic development finance are preferred.

Additional Comments

What makes us Different?We are a state governmental agency but one unlike you’ve encountered before. We operate much more like a private sector business. We are a completely self-sustaining operation that offers rental and homeownership products and services and we face many of the same regulatory, market, and financial hurdles of private sector financial institutions. Our clear advantage to employees is that we offer challenging, and meaningful work but with an appropriate work-life, home-life balance as well as excellent state government benefits. Now we’re looking to reinforce our team with a person who is energetic, brilliant, and talented.

Our Benefits Package:

The South Carolina State Housing Finance & Development Authority offers an exceptional benefits package that includes:

Telecommuting options

Accrued Paid Time Off (15 days annual/vacation leave per year and 15 days sick leave per year)

13 paid holidays

PEBA Health, dental, vision, long term disability, and life insurance for employees, spouses, and children

PEBA Perks

Free Telehealth Visits for State Health Plan members

Free Health Coaching for State Health Plan members

State Retirement Plan

Deferred Compensation Programs 401k and 457 plans

MoneyPlus( tax-favored accounts program) Employee Assistance Program

Employee Discount Programs (PerksCard, TicketsatWork, and WeSave)

Casual Fridays

Tuition Reimbursement Program (after 6 months of employment) And much, much more!

Location, Location, Location:

The Palmetto State offers something for everyone. Located in the Midlands, Columbia is both the state capital and South Carolina's second-largest city. It is just a short commute to the state's beautiful beaches and gorgeous mountains. Sunny summers and mild winters allow residents to experience the outdoors year-round, a plus considering that Lake Murray is just minutes away. Great universities and colleges, minimal commute times and friendly people make South Carolina the ideal place to build your future.