LOAN/INSURANCE UNDERWRITER II, MULTI-FAMILY (C18005 and C18006)
Loan Underwriter
Recruitment #18-001733-0002
Department | DHCD - Div of Dev Finance - Homeownerhip Programs |
---|---|
Date Opened | 3/5/2018 09:58:00 AM |
Filing Deadline | 4/2/2018 11:59:00 PM |
Salary | $23.92 - $31.12/hour (Grade 18 base-step 9, with growth potential to $38.39) |
Employment Type |
Full-Time
|
HR Analyst | Drew Holcombe |
Work Location |
Prince George's
|
Introduction
These are contractual positions with limited benefits.
Work that Matters! The Maryland Department of Housing and Community Development is a national leader in the development of affordable housing and community development lending. We are proud to be at the forefront in implementing housing policies that promotes and preserves homeownership and creating innovative community development initiatives to meet the challenges of a growing Maryland.
GRADE
LOCATION OF POSITION
7800 Harkins Rd Lanham, MD 20706
The Department of Housing and Community Development's Headquarters Office is located in Prince George's County across from the New Carrollton Metro stop.
POSITION DUTIES
The Business Lending Division is growing with estimated annual lending volume to reach $50 million per year by 2019. Due to this substantial growth, the Business Lending Division has an opening for two Business Lending Underwriters.
The qualified incumbents for these positions will be responsible for evaluating, analyzing, negotiating, and underwriting requests for Small Business lending. The incumbents will assist with identifying other lending opportunities to assist in the promotion of other lines of business; such as energy efficiency and multi-family development. The incumbents will also evaluate requests for financing for commercial revitalization projects that forward the Department of Housing and Community Development’s mission of supporting and retaining the growth of small businesses in Maryland. This includes reviewing, processing, and underwriting applications; issuing reservation letters commitments, and other correspondence; closing loans; determining compliance with regulations and guidelines and assisting in the preparation of monthly and annual reports on the status of the financing programs.
MINIMUM QUALIFICATIONS
Education: A Bachelor's Degree in Business Administration, Management, Finance or related field.
Experience: Two years of experience evaluating the risk involved in granting loans or insurance for multi-family housing or commercial projects.
Notes:
1. Additional experience as described above may be substituted on a year-for-year basis for the required education.
2. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in loan specialist classification or loan specialist specialty codes in the loan specialist field of work on a year-for-year basis for the required experience and education.
DESIRED OR PREFERRED QUALIFICATIONS
Experience evaluating corporate and personal tax returns, financial statements for both For-Profit and Non-Profit entities
Ability to structure deals upwards of $5 million
Experience in the Banking and/or Community Development Funding Institutions; including familiarity with the following Programs:
- Small Business Administration Lending
- Loan Guarantees and Credit Enhancements
- Loan Participations
- Energy Efficiency programs
LICENSES, REGISTRATIONS AND CERTIFICATIONS
SELECTION PROCESS
Please provide sufficient information on your application to document that you meet the minimum qualifications for the recruitment. Unofficial transcripts, certifications or diplomas to document educational or certification qualifications are required. Educational credentials from foreign countries must be evaluated by an approved education review service. This evaluation must be submitted with your application. For further information, you may call International Consultants of Delaware, Inc. (302) 737-8715 or World Education Services Inc. 1-800-932-3897 or (202) 331-2925. Successful candidates will be placed on the employment (eligible) list for at least one year. Eligible list may be used to fill future vacancies of the same classification.
Successful candidates must document eligibility to work in the U.S. upon hire. The Maryland Department of Housing and Community Development is not sponsoring new employees in application of the H-1B Visa at this time due to budgetary constraints. All applicants must be legally authorized to work in the United States under the Immigration and Reform Control Act of 1986. Federal regulations prohibit H1B Visa candidates from paying sponsorship fees, all sponsorship fees must be assumed by the potential employer.
EXAMINATION PROCESS
BENEFITS
Contractual employees who work for an agency covered under the State Employee and Retiree Health and Welfare Benefits Program (the Program), have a current employment contract and work 30 or more hours a week (or on average 130 hours per month) may be eligible for subsidized health benefits coverage for themselves and their dependents. As a contractual employee, you will be responsible for paying 25% of the premiums for your medical and prescription coverage, including any eligible dependents you have enrolled. The State of Maryland will subsidize the remaining 75% of the cost for these benefits. You can also elect to enroll in dental coverage, accidental death and dismemberment insurance, and life insurance, but will be responsible to pay the full premium for these benefits.
Leave may be granted to a temporary/contractual employee who has worked 120 days in a 12 month period. This leave accrues at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.
FURTHER INSTRUCTIONS
Online applications are STRONGLY preferred. However, if you wish to submit a paper application, you may mail your application and materials to:
Drew Holcombe, Department of Housing and Community Development, Office of Human Resources, 7800 Harkins Road Lanham, MD 20706.
All application materials must be received by the filing deadline. If you are unable to upload your transcripts into the system, please send via email to Drew.Holcombe@Maryland.gov.
Please include the following information in the body of the email:
- Attn: Drew Holcombe, HR Generalist
- Your First and Last Name
- Recruitment#
- Classification (Job Title) of Recruitment
Incorrect application forms, or resumes in place of the application, will not be accepted. If you are interested in the position and cannot apply online please fill out the revised paper application which can be found on JobAps. For questions concerning this position, please call 301-429-7546.
TTY Users: call via Maryland Relay
We thank our Veterans for their service to our country and encourage them to apply.
As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.
Bilingual applicants are encouraged to apply.