Underwriter

DAVID H. POWELL

**** ** **** **** **** 515-***-****

Ankeny, IA 50023 ad5vuq@r.postjobfree.com

PROFESSIONAL EXPERIENCE

IOWA FINANCE AUTHORITY

Des Moines, Iowa

Underwriter August 2022 to Present

My responsibilities include underwriting support and analysis directly related to affordable housing development within the State of Iowa. These responsibilities include review and directional analysis of State supported programs including tax credit, grant, and HOME loan production and oversight. In addition, I completed the classwork required for the Rental Housing Development Finance Professional designation.

SitusAMC (Remote) March 2021 to March 2022

My tenure at SitusAMC was a temporary remote position that was formed to assist in the evaluation and classification of real estate related documentation and improvement recommendations. COMMUNITY BUSINESS LENDERS SERVICE COMPANY

West Des Moines, Iowa

Senior Vice President February 2020 to March 2020

Vice President – Member Business Lending January 2011 to February 2020 Assistant Vice President – Member Business Lending October 2010 to January 2011 My initial responsibilities involved direct management and oversight of non-performing loans and real estate owned assets. As an asset-based lender, the primary collateral is real estate. Skills required review and development of policies and procedures specific to non-performing assets; selection of third-party external relationships; oversight and management of legal processes; creation and implementation of value added strategies; detailed analysis, recommendations and presentations to senior management, the Board of Directors, and stakeholders consistent with operating procedures and regulations. My position and responsibilities expanded to include the sourcing, underwriting and closing of commercial loans; management and oversight of a loan portfolio; as well as management of a portfolio of non-performing loan and real estate owned assets. Skills required the ability to develop and implement strategy with a result oriented focus; extensive mathematical and financial analysis; valuation and income analysis; formulation and evaluation of options and alternatives given financial, legal, market economic conditions and factors; the ability to negotiate extensively on both a written and verbal basis; the ability to analyze and assess risk; and the ability to work independently and as part of a team in a professional and ethical manner consistent with the goals and objectives of the organization.

David H. Powell

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STATE OF IOWA

Urbandale, Iowa

Hazard Mitigation Lead Project Officer-Infrastructure December 2008 to October 2010 Iowa Homeland Security and Emergency Management Division The Lead Project Officer’s role is to provide leadership, oversight and administration of the Hazard Mitigation Grant Program under Section 404 of the Robert T. Stafford Act and the applicable Code of Federal Regulations. Skills required include the ability to gather, assemble and analyze facts, draw conclusions and devise solutions to specific engineering problems given regulatory constraints. The position required the ability to lead, attend to details, and present facts and opinions clearly and concisely both written and orally. THE BANKERS LIFE COMPANY/PRINCIPAL FINANCIAL GROUP Des Moines, Iowa

Investment Officer 2001 to 2008

Vice President-Senior Equity Asset Manager 1988 to 2001 Equity Asset Manager 1995 to 1998

Senior Property Management Consultant/Asset Representative/ 1985 to 1995 Assistant Administrator – Investment Property Management Over a 23-year career beginning with The Bankers Life Company/Principal Financial Group, I assumed responsibility under a variety of positions within the Investment – Commercial Real Estate department. My initial 15 years were directly related to management of real estate owned assets within the United States. The Asset Manager’s role was to lead the investment analysis and strategic planning on an assigned investment portfolio. Skills required managing critical dates; capital analysis and forecasting; extensive financial analysis and support; contract preparation and negotiation; legal, code and regulatory analysis; direct financial performance and reporting; third-party oversight; market and asset analysis; valuation preparation and analysis; the ability to build internal and external relationships; the ability to work under pressure under varying economic and market conditions in order to achieve specific business objectives; the ability to analyze risk and determined specific solutions over a variety of project types and requirements; work across internal and external boundaries and relationships in a professional and ethical manner. The balance of my tenure was directly related to direct investment in real estate assets through placement of debt in assigned markets. Funding sources varied from in-house to third-party corporate investors. While the required skill set was similar to my prior work, expansion of these skills required the ability to establish and expand debt client relationships; track and analyze capital market movements and effect on return targets; extensive negotiation of loan structure; analyze, forecast and formulate solutions after evaluation of options and David H. Powell

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alternatives; work under pressure and handle large amounts of information among a wide range of projects; and the ability to deliver on aggressive performance goals. Professional Experience Prior to 1985:

MERIT CAPITAL CORPORATION 1983 to 1985

Des Moines, Iowa

Retail Broker

MERRILL LYNCH PIERCE FENNER & SMITH 1981 to 1983

Chicago, Illinois

Retail Broker

EDUCATION AND CONTINUING PROFESSIONAL DEVELOPMENT

IOWA STATE UNIVERSITY

Ames, Iowa

• Masters Graduate Degree of Business Administration – Finance Emphasis Conferred 1995

• Bachelor of Science Undergraduate Degree – Finance with Accounting Minor Conferred 1981

• Bachelor of Science Undergraduate Degree – Education and Health Conferred 1981 Continuing Education in Other Professional Disciplines: Rental Housing Development Finance Professional designation - 2024 American Institute of Real Estate Appraisers

Life Office Management Association, Inc. (FLMI)

Institute of Real Estate Management/National Association of Realtors Certified Property Management (CPM) program

HONORS AND AWARDS

Captain – Iowa State University Wrestling Team – 1979 Academic/Athletic Achievement Award, Iowa State University – 1979 Two-Time NCAA Collegiate Wrestling All-American

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