VP, Senior Affordable Housing (LIHTC) Underwriter

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice. Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regionsu2019 Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system. Job Description: At Regions, the RAH (Regions Affordable Housing) Affordable Housing Underwriter serves as part of the first line of defense, evaluating and underwriting tax credit investments to ensure each supports Regionsu2019 objectives and meets or exceeds investment guidelines. Through timely and thorough underwriting, this role supports Regions strategy to maintain and expand investor relationships. This position identifies and mitigates risk in existing and proposed transactions. This position will also work directly with teammates in Credit Risk, Client Coverage, Capital Markets, and other areas of the bank to lead the analysis of credit opportunities, underwriting of credit exposure, and management of a portfolio of loans and other credit relationships while providing effective challenge to these various constituents. This individual will evaluate and underwrite low-income housing tax credit (LIHTC) investments and construction/bridge loans to ensure each supports RAHu2019s objectives and meets or exceeds investment guidelines. Primary Responsibilities + Works in support of the RAH banking team and adds value directly to client and coverage in articulating Regionsu2019 underwriting methods, processes, and risk appetite for specific debt products + Creates and maintains financial models for affordable housing investments, which include schedules such as sources and uses, operating expense analysis, and sensitivity analysis + Identifies potential real estate finance issues through analysis and income and expense underwriting for each project assigned + Manages the due diligence checklist, gathers all required documents, reviews the documents, and notes any issues as appropriate; reviews tax credit and project due diligence including tax credit documents, real estate documents, market studies, appraisals, environmental reports, project approvals, and construction documents + Understands the background and experience of each development team member including sponsor/developer, general contractor, architect, property manager, project accountant, and support service agency (if applicable) as well as reviews references and conducts background checks + Reviews lower-tier partnership agreements, construction, and permanent loan documents while understanding the importance of each document and its relationship to the transaction + Maintains market knowledge of loan pricing and structural trends to match client needs with Regionsu2019 debt product solutions + Calls jointly on clients with coverage bankers to understand clientsu2019 needs and specific risks to client business + Works with coverage bankers to develop client strategy focusing on existing and potential credit exposure and assists coverage banker in optimizing relationship through cross sell activities of debt products + Proactively identifies potential issues through sources and uses, capital structure analysis, market analysis, and income and expense underwriting for assigned projects + Prepares comprehensive executive summaries of the proposed investments for review by team management, internal committee, and investor approval including a detailed project description, a list of merits, as well as risks and risk mitigants + Creates and maintains financial models, operating expense analysis, and sensitivity analysis + Coordinates initial closing, internal department, and third-party review process + Responds to developer/investor inquiries, underwriting, and due diligence questions + Conducts site visits when necessary + Prepares Letters of Intent when necessary + Assists with special projects, equity payments, or other priorities as requested + Leads the credit process on identified debt product opportunities; ultimately accountable for structuring, underwriting, closing, and management of new and existing debt products for clients + Serves as the primary contact with Credit Risk + Oversees ongoing monitoring of existing portfolio by being accountable for periodic assessments and other servicing requirements + Offers advice and guidance to junior underwriters, assisting in the development of necessary skills and the promotion of continuous improvement initiatives This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible. Requirements + Bacheloru2019s degree in related field + Eight (8) years of underwriting and/or portfolio management experience + Advanced understanding of loan structuring needs, loan documentation requirements, and applicable market knowledge + Completion of a major corporate credit training program or equivalent corporate banking/finance experience + Experience in relationship management as a coverage banker or client-facing member of the team, as well as financial modeling experience + Experience and knowledge of applicable legal documents Preferences + Knowledge of Affordable Housing or Low-Income Housing Tax Credit (LIHTC) Skills and Competencies + Ability to research, analyze data, and derive facts + Ability to work in a team environment when applicable + Ability to work under pressure and meet deadlines + Demonstrated leadership capabilities + Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.) + Strong negotiation skills + Strong verbal, written communication, and organizational skills + Strong work ethic and self-motivation This position will require a minimum of 4 days on-site, at our Atlanta, GA, Birmingham, AL, or Great Neck, NY office. Position Type Full time Compensation Details Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position. Job Range Target: _Minimum:_ $145,456.08 USD _Median:_ $179,802.00 USD Incentive Pay Plans: This role is eligible to participate in a discretionary incentive plan. Employees have the potential to receive a discretionary award based on performance against defined metrics and goals.Opportunity to participate in the Long Term Incentive Plan. Benefits Information Regions offers a benefits package that is flexible, comprehensive and recognizes that

Created: 2026-01-16