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Senior Development Officer

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
Richmond
 VA
Postal Code
23220
Country
United States

This job is no longer active.

Description


We’re looking for amazing people! Come join Virginia Housing as a Senior Development Officer.

 

The Senior Development Officer evaluates multi-family loan requests and makes financing recommendations to further Virginia Housing’s mission and strategic priorities. The ideal candidate will possess a solid grasp of multi-family real estate finance and development fundamentals, as well as energy and interest for cultivating additional skills.  Virginia Housing’s rental housing loan programs serve low to moderate income populations through financing new construction, adaptive reuse, acquisition, and substantial renovation of multi-family projects.


Responsibilities will include:

  • Underwrite loan application packages to assess project design, cost, and feasibility. Evaluate the financial strength and experience of owners, general contractors, and other stakeholders.
  • Manage relationships with borrowers, mortgage bankers, development team, and functional areas within Virginia Housing for assigned loans.
  • Review third-party reports including appraisals, environmental inspections, and property condition assessments.
  • Evaluate deal structure, development team and appropriateness of the financing request, as well as conformance with Virginia Housing lending policy and loan program requirements.
  • Present development and financing proposals and related recommendation to Virginia Housing Loan Committee for approval.
  • Coordinate transaction process from application through underwriting, approval, closing, and construction draws, working with other functional areas within Virginia Housing.
  • Review and approve construction draws, loan closing draws, cost certifications, building permits, certificates of occupancy and other documents.
  • Present architectural and civil drawings to the Design & Construction Group for review for adherence to the Authority’s construction standards.
  • Follow market trends and conditions across Virginia and nationally.
  • Mentor junior Development Officers and Analysts

Qualified candidates must possess:

  • Bachelor’s degree, or equivalent experience in Real Estate Finance, Business, Economics, Mathematics or Urban Planning.
  • 5+ years of experience in multi-family real estate finance, affordable housing or commercial development with 2+ years at a senior / supervisor level.
  • Demonstrated experience in underwriting, project management and negotiation.
  • This position requires incumbents to drive for Virginia Housing business purposes. Therefore, incumbents must possess and maintain a valid driver’s license.

Preferred experience includes:

  • Advanced degree in Real Estate, Business, Finance, Economics or Urban Planning.
  • 7+ years of experience (5+ at senior / supervisor level)
  • Experience with affordable housing programs including Low Income Housing Tax Credits.
  • Self-starter with strong interpersonal and organizational skills.
  • Demonstrated ability to proactively provide senior-level development knowledge, exercise good business judgment, work with senior management to implement policies and processes.

Virginia Housing is one of the nation’s premier housing finance organizations. 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, walking trails, and free parking. Educational opportunities to help your advancement are available through classroom and online programs.


Applications and resumes are accepted online only on our careers site. 

   
This position will remain open until filled.

 

Hybrid work model (3 days in office, 2 days remote) 


Hiring Range: $99,239 - $129,008


A background check will be performed as a condition of employment.
-EOE-

 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Development Richmond Full Time VA Construction, Development, Property Management Senior Development Officer other