Senior Community Development Underwriter
Local Initiatives Support Corporation | |
sick time, tuition assistance, flex time, 401(k), 403(b) | |
United States, California, Oakland | |
Sep 20, 2024 | |
What We Do With residents and partners, LISC forges resilient and inclusive communities of opportunity across America - great places to live, work, visit, do business and raise families. Strategies We Pursue
Since 1979, LISC and its affiliates have invested approximately $29.7 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment, and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC's reach spans the country from East coast to West coast in 38 markets with offices extending from Buffalo to San Franciscoand in 2,400 rural counties across 49 states and Puerto Rico.Visit us at www.lisc.org Bay Area LISC Bay Area LISC convenes partners, builds coalitions, invests public and private funds, and supports community revitalization to help the Bay Area thrive with healthy places to live, work and play. Since 1981, Bay Area LISC and its affiliates have invested $882 million towards the construction of over 14,380 affordable housing units and nearly 1.5 million square feet of commercial, retail and community space throughout the Bay Area. Bay Area LISC's work has leveraged an additional $3.7 billion. More information can be found at www.bayarealisc.org. JOB OVERVIEW: The LISC Bay Area team is looking for a collaborative and passionate individual to join our team as Senior Community Development Underwriter (SCDU). The LISC Bay Area team takes a bold and joyful approach to our work to support local communities in creating prosperity and well-being - defined in their terms. We bring the tools of community development - mobilizing funds, cultivating partnerships, and deepening capacity - in the areas of economic development and housing to support the self-determination of communities that have been historically prevented from accessing investment and opportunity. The SCDU will be responsible for underwriting on behalf of Bay Area LISC across an array of community development product types and asset classes, with a particular focus on affordable housing. The SCDU contributes to the implementation of LISC Bay Area's new 3-year strategic plan, especially related to our work on increasing access to capital and ecosystem building, across both our affordable housing and economic development portfolios. The SCDU will work closely with a variety of community-based and internal stakeholders, providing technical assistance to Bay Area LISC staff as well as community development organizations we support. The position requires a strong commitment to the role of community-based non-profit organizations as drivers of development as well as an understanding of the development financing ecosystem in the Bay Area. The Senior Community Development Underwriter will handle the full range of lending activities, including business development, structuring, underwriting, and closing of Bay Area loans, in concert with LISC National Lending and Legal department staff. This position will report to Bay Area LISC's Senior Director of Investments. The ideal candidate shares our values of equity and community self-determination. Primary responsibilities will include the following:
In close collaboration with the Bay Area LISC team, primary responsibilities will include:
Additional responsibilities will include:
QUALIFICATIONS:
COMPENSATIONS & BENEFITS: LISC offers a competitive salary of $107,100 - $133,900 commensurate with experience and location and excellent fringe benefits. The position is based in Oakland, CA and is a hybrid position, with an expectation of two (2) days in office or in the field. Candidate must reside in the Bay Area. *Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Our benefits include: Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being;Disability Insurance: Long-term and short-term coverage for peace of mind; Retirement Savings: Secure your future with our 401(k) and 403(b) plans; Generous Holidays: Enjoy ample time off to recharge and celebrate; Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance; Tuition Assistance: Pursue your educational goals with support from our tuition assistance program; Referral Program: Earn rewards for referring qualified candidates to join our team; Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals. LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances. We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business. LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE |