Maryland Department of Housing and Community Development
Commercial Underwriters - Two Positions *REPOST*
Recruitment # 22-003729-0002
Salary Range: $29.89 to $38.95 an hour
Location: Lanham, Maryland
The Division of Community Development Administration – Energy Unit is seeking two qualified candidates to serve as a Commercial Underwriter. The business and commercial real estate underwriter performs a level of work examining, analyzing, and interpreting financial and construction data that may include but is not limited to business financial statements, corporate tax returns, audited non-profit financials, profit and loss statements, construction documents such as contracts, plans, specifications, blue prints, construction budgets, feasibility studies, commercial appraisals, environmental studies, geotechnical studies, change orders, and notice of completion The CDA Lending and Risk Analyst I performs financial analysis of applicants documents to determine eligibility (as applicable) for business & commercial real estate loans up to $5 million dollars. Underwriters should be familiar with market trends relating to mixed use properties that include several revenue streams such as retail, commercial and residential leases. Underwriters must be able to generate 20 year pro-formas and be able to calculate financial ratios. Candidates must four years of professional financial/risk analysis experience concerning government lending or assistance programs, or four years of experience in Construction Management pertaining to single family and/or multifamily housing government programs (as applicable) and four years of professional financial, lending and risk or construction analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, or grant or real estate investment portfolio records and reports, or managing government housing projects.
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