Underwriter

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Underwriter

Salary

$70,824.00 - $109,054.40 Annually

Location

Des Moines - 50315 - Polk County, IA

Job Type

Full-time

Job Number

25-00635

Agency

270 - Iowa Finance Authority

Opening Date

09/17/2024

Closing Date

9/29/2024 11:59 PM Central

LinkedIn Tag

#LI-POST

Point of Contact

Brooke Parziale (brooke.parziale@iowafinance.com)

To Apply

Submit an application, resume, and cover letter at jobs.iowa.gov by the closing date.

• Description

• Benefits

Job Description

This is a non-merit position with the Iowa Iowa Finance Authority . Candidates must follow the instructions in the "To Apply" section.

Positions in this class are exempt from the screening and referral requirements of the Iowa Department of Administrative Services - Human Resources Enterprise.

The Iowa Finance Authority (IFA) is committed to supporting affordable housing initiatives and creating opportunities for Iowans, communities and businesses to thrive. As part of our team, you’ll play a crucial role on our Asset Management team, ensuring that housing projects thrive and communities flourish.

As an Underwriter, you will conduct underwriting analyses related to IFA’s loan programs, including: Multifamily Loan Program, Low Income Housing Tax Credits (LIHTC), HOME, National Housing Trust Fund, and other special purpose grant programs. Your keen analytical skills and attention to detail will help determine the feasibility of proposed projects. You’ll collaborate with various stakeholders to ensure successful loan closings and adherence to state and federal housing regulations.

General Duties (summary):

Multifamily Loan Program Administration:

• Creates loan origination pipeline for Multifamily Loan Program

• Conducts detailed underwriting analysis of proposed loans

• Analyzes revenues/expenses to develop multi-year financial projections for each property

Asset Management:

• Performs Asset Management duties that includes reviewing financial, rent, occupancy, compliance and loan data to monitor the health of agency loan portfolio

• Monitors the health of the loan portfolio on a monthly and quarterly basis

Underwriting:

• Performs underwriting activities for assigned Iowa Economic Development Authority and Iowa Finance Authority programs and provides guidance on real estate issues

Ideal candidates will have accounting, multifamily lending, and LIHTC experience and exemplify our Core Values:

Accountability in Action- We take pride in our work and results.

Innovate Together - We thrive on solving challenges through dynamic collaboration with our teams and partners.

Mission Driven - We place Iowans at the heart of everything we do.

The Underwriter position is a non-merit, contract covered position that is classified by the State of Iowa as a Management Analyst 4. This position is exempt (salaried) per FLSA regulations.

As an employee of the Iowa Finance Authority you are a State of Iowa employee and eligible for a comprehensive benefits package that includes the following and more:

• Insurance – Health, Dental, Life and Long-Term Disability

• IPERS (Iowa Public Employee Retirement System)

• Leave – Sick, Vacation, Family and Military Leave

To learn more about benefits available to State of Iowa employees visit the benefits (https://das.iowa.gov/human-resources/benefits-glance) web page.

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Applicant must pass a comprehensive background check before an offer for employment will be extended.

An EEO/AA Employer

Our agency uses E-Verify to confirm the employment eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit www.dhs.gov/E-Verify.

Minimum Qualification Requirements

Applicants must meet at least one of the following minimum requirements to qualify for positions in this job classification:

1) Graduation from an accredited four-year college or university with a degree in any field, and experience equal to six years of full-time work in management analysis, two of which must have involved advanced technical analysis.

2) Graduation from an accredited four-year college or university with a degree in business analytics, data science, statistics, mathematics, management information systems, or industrial management, and experience equal to six months of full-time work in data analytics.

3) Graduation from an accredited four-year college or university with a degree in any field and possession of a professional certificate in data science or data analytics.

4) Graduation from an accredited college or university with a graduate degree in business analytics, data science, statistics, mathematics, business, management information systems, or industrial management.

5) All of the following (a, b, and c):

a. Two years of full-time work experience in technical management analysis; and

b. A total of four years of education and/or full-time experience (as described in part a), where thirty semester hours of accredited college or university course work in any field equals one year of full-time experience.

c. A total of four years of graduate-level education and/or full-time experience (as described in part a), where thirty semester hours of accredited graduate college or university course work in public or business administration, industrial management, management information systems, financial management, or a closely-related field equals one year of full-time experience.

6) Current, continuous experience in the state executive branch that includes eighteen months of full-time work as a Management Analyst 3.

For additional information, please click on thislink to view the job description. (https://das.iowa.gov/sites/default/files/hr/documents/class_and_pay/JobClassDescriptions/ManagementAnalyst4-00737.pdf)

Why Choose the State of Iowa?

At the heart of our commitment to excellence is a dedication to our most valuable asset – our employees. Discover the outstanding benefits that set us apart as an employer of choice.

Our Robust Benefits Package Includes:

Competitive Compensation:

Enjoy a competitive salary that reflects directly on your skills and expertise.

Keep in mind, your wage is just one part of your total compensation. Unlock the complete value of your employment with the State of Iowa by using our user-friendlyTotal Compensation Calculator (https://das.iowa.gov/media/3773/download?inline) .Gain insights into your comprehensive annual compensation, including salary and State-provided benefits.

Health and Wellness:

Prioritize your well-being with our comprehensive health plans, including medical, dental, and vision coverage. Enjoy the peace of mind knowing that the State of Iowa covers 90% of the premiums, providing you and your loved ones with excellent coverage at a remarkably low cost.

Retirement Planning:

We are proud to offer the Iowa Public Employees Retirement System (IPERS). A defined benefit plan, IPERS benefits are guaranteed for life, meaning once you retire, you will receive the same monthly benefit for the remainder of your life (once vested). We invest in your long-term financial well-being, so you can retire with peace of mind.Click here to learn more about IPERS (https://ipers.org/members) .

Paid Time Off:

Life is unpredictable, and at the State of Iowa, we understand the importance of work-life balance. Our leave policies, including paid holidays, vacation, and sick leave with unlimited accrual, ensure you have the flexibility you need for personal and family matters.

Professional Development:

Elevate your career with continuous learning opportunities. We support your growth through training programs, workshops, and tuition reimbursement.

Employee Assistance Program (EAP):

We care about your well-being beyond the workplace. Access confidential counseling, resources, and support through our Employee Assistance Program.

Diversity and Inclusion:

Be part of a diverse and inclusive workplace that embraces all backgrounds and perspectives. We believe diversity is a strength that drives innovation.

Join Us - Elevate Your Career:

Ready to elevate your career with the State of Iowa?Click here (https://iowa.attract.neogov.com/recruitment/p/benefits) to explore more about our unparalleled benefits and discover what makes us unique. Your success is our priority!

Agency

State of Iowa

Agency

270 - Iowa Finance Authority

Address

1963 Bell Ave

Suite 200

Des Moines, Iowa, 50315

Website

https://www.iowafinance.com/

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