LIHTC Analyst

Description

Working at The Bank of Missouri

At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.

About our Company

Staying in business for more than 130 years is hard. Really hard. If you think about it, we've endured many events, like the Great Depression and two World Wars. We've survived and thrived, thanks to our great customers and communities. We were founded on core values of accountability, community service and financial conservatism. Those principles are the reason we are still in business today. Caring for people and communities is our foundation!

We've built a reputation of being financially secure and community focused. We are an independent community bank and fully intend to stay that way. We are big enough to accommodate any financial need, yet small enough to give every customer the personal treatment they deserve.

Here are some of the great benefits you will enjoy as a member of our team:

• Competitive Salary
• Personal paid time off, as eligible
• 401K and Employee Stock Option Plan, as eligible
• Fitness reimbursement
• Learning, development and growth opportunities

About this job:

The LIHTC Analyst is a detail-oriented member of the lending team within M1 Specialty Finance at The Bank of Missouri. This role participates in the loan origination lifecycle, with primary responsibility for underwriting Low-Income Housing Tax Credit (LIHTC) construction and equity financing transactions. The position requires extensive data analysis and compilation, strong attention to detail, and the ability to meet deadlines in a fast-paced, client-focused environment. Prior experience with LIHTC financing is required.

The LIHTC Analyst plays a critical role in evaluating new loan opportunities, monitoring the performance and risk of individual loans, and supporting oversight of the broader LIHTC portfolio. This role works closely with senior LIHTC loan officers and underwriters and contributes to the preparation and presentation of underwriting analysis and recommendations to the Loan Committee.

As part of M1 Specialty Finance, the position supports lending activities across specialized portfolio segments including LIHTC affordable housing construction and equity financing, renewable energy (ITC) construction and permanent financing, and commercial real estate construction. The LIHTC Analyst reports to the SVP, LIHTC Lending Lead and operates under the broader leadership of the Chief Specialty Finance Officer.

As a LIHTC Underwriter you will:

• LIHTC loan underwriting for credit quality through the review of financial statements, business plans, public information databases, and background searches
• Assist loan officers with large loan relationships, with many LIHTC project loans per relationship.  Be the liaison between the client and the bank. 
  • Communicate with the Chief Specialty Finance Officer and committee’s goals and parameters effectively to the loan relationship. 
  • Communicate the client’s goals and requests effectively to the Chief Specialty Finance Officer, Specialty Finance Credit Risk Officer, and loan committee.
• Review and recommend LIHTC loans for approval to loan committee.  LIHTC products for M1 include LHITC Construction, LIHTC Equity, LIHTC predevelopment
• Participate and communicate with the project development team regarding construction status
• Monitor the entire life of a LIHTC construction development
  • Underwriting sources and uses
  • Underwriting contingency funding
  • Track Due Diligence effectively and efficiently
  • Reviewing and approving draw requests including supporting documentation
  • Underwriting construction status compared to financing status
  • Monitoring Placed in Service Deadlines for the Credit
  • Monitor construction cost overruns compared to contingency sources
• Analyze the LIHTC portfolio, segmented by loan type, relationship, state, communicate results to the loan committees, Specialty Finance Credit Risk Officer, Chief Specialty Finance Officer
• Present the portfolio monitoring results to the loan committees, identifying and communicating high risk items
• Monitor updates and pending changes of the LIHTC program (federal) and individual states and communicate the impact to current and prospective LIHTC portfolio to the committee
• Review and analyze LIHTC draws
• Preparation of written credit proposals and presentations to various credit committees
• Ensures existing credit relationships adhere to covenants and condition that required information is obtained in a timely manner through monthly or quarterly monitoring. 
  • Enhance current monitoring processes, worksheets, and presentations.
• Prepare LIHTC portfolio and loan relationship presentations to allow assessment of risk and opportunity
• Participate in all loan committees of the bank
• Communicate with clients regarding specific credit or documentation inquiries and follow up
• Comply with all banking laws and compliance rules
• Maintain, communicate and follow-up with loan servicing and loan analysts regarding pending/missing items and day to day operations.
• Collaborate with management to Identify opportunities for process improvements, system enhancements, and procedural changes as part of the growth and maturation of the company.

Qualifications for Success:

• Bachelor's degree (B. A.) from four-year college or university in the field of business
• 3+ Years in relevant work experience in the LIHTC industry or LIHTC financing industry.
• Excellent communication and presentation abilities.
• Strong Proficiency in Microsoft Excel and reporting using data from multiple sources
• Results oriented mindset with a focus on execution. 
• Ability to demonstrate excellent detail orientation, critical thinking and analytical skills
• Displays excellent time management, organizational and problem-solving skills
• Ability to work well under pressure and meet deadlines
• Must have strong verbal, written and interpersonal communication skills
• Excellent written, oral and presentation skills and an ability to synthesize information and make clear, concise recommendations on course of action
• Ability to read and interpret financial statements

The Bank of Missouri is an Equal Opportunity Employer