Glen Allen, VA
Salary Estimate: $109,000.00 - $147,000.00
Employment Type: Full Time
Work Place: Hybrid
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Benefits
Job Description
Join Virginia Housing and help make a difference as a Construction Loan Portfolio Manager
This position will oversee a portfolio of multifamily affordable housing construction loans from origination through closing and conversion, with a focus on monitoring performance of the projects during construction, identifying potential issues, and supporting the development team in addressing problem loans. This position will support the review of new loan applications and actively manage the lender role on underperforming projects, working closely with the Virginia Housing team, borrowers, and general contractors to protect Virginia Housing’s interests. Additionally, this role will assist with portfolio analysis to help drive future production decisions.
Virginia Housing is one of the nation’s premier housing finance agencies. Our mission is to help Virginians attain quality, affordable housing, which we accomplish through our public-private partnerships.
We are focused on employee engagement and committed to a healthy and diverse workforce. We offer on-site conveniences such as a fitness center and free parking. Educational opportunities to help your advancement are available through classroom and online programs.
To be successful in this role you must possess:
- Bachelor’s degree or equivalent experience in Real Estate, Finance, Urban Planning or related field.
- Many years of experience in multi-family real estate finance, affordable housing, or commercial development.
- Demonstrated experience in construction loan underwriting, project management, and negotiation.
- A valid driver’s license.
The ideal candidate would also have experience in:
- Affordable housing programs including Low Income Housing Tax Credits.
- Working with a special servicer or in other construction workout situations
- Credit analysis
Virginia Housing requires associates to live and work within the Commonwealth of Virginia. This position reports to our Innsbrook office in Glen Allen, VA.
Applications and resumes are accepted online only at https://www.virginiahousing.com/about/careers
This position will close at midnight on March 15th
Hiring Range: $109,000 - $147,000
A background and motor vehicle check will be performed as a condition of employment.
A Conflict-of-Interest Act Disclosure form and Secondary Employment Disclosure form will need to be completed as a condition of employment.
Virginia Housing requires associates to live and work within the Commonwealth of Virginia.
Internal applicants
MR-9: Please review relevant HR policy under 'Employment Practices' on the Zone before applying. Apply through the Zone or at http://employees-virginiahousing.icims.com/.
-EOE-
V3 Certified Military friendly employer
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