Credit Officer, Vice President - Community Development Real Estate
On-siteNew York City, New York, United States or New York, United States
Job Summary
Lead end-to-end risk analysis for affordable housing transactions, including development budgets, sources and uses, and project economics. Prepare and defend comprehensive credit packages to senior management and credit committees while evaluating third-party due diligence findings. Coordinate transaction closings, drive documentation, and manage active loan portfolios through construction, lease-up, and stabilization phases. Identify, assess, and monitor credit risks throughout the lifecycle, implementing proactive action plans where warranted. Establish risk analysis standards, champion best practices, and collaborate with internal partners and external developers to deliver timely outcomes. Conduct site visits and present clear analyses to leadership with data-driven guidance. Manage meticulous documentation and data integrity across systems to support controls and reporting.
Required Qualifications
- 5+ years of experience in community development real estate lending or investing with a focus on affordable housing
- Demonstrated underwriting expertise in Low‐Income Housing Tax Credits (LIHTC), subordinate/public subsidy layers, and construction/permanent financing structures
- Proven leadership with the ability to set direction, drive accountability, and influence outcomes across cross‐functional teams
- Strong analytical and financial modeling skills; capacity to synthesize complex information and make sound credit recommendations
- Track record of managing multiple transactions and deadlines with disciplined project management and follow‐through
- Excellent stakeholder management and customer service; trusted partner to clients and internal colleagues
- Exceptional written and verbal communication skills, including preparation and delivery of executive‐level presentations
- Acute attention to detail with strong documentation and control discipline
- Proficiency in Microsoft Office (Excel, PowerPoint, Word) for modeling, presentation, and documentation
- Bachelor's degree in finance, real estate, economics, or related field (or equivalent experience)
- Commitment to the CRA mission and familiarity with how lending activities support community impact goals
Desired Qualifications
- Advanced degree (Master's) in real estate, finance, public policy, or related discipline
- Experience closing complex, multi‐layered capital stacks with tax credits, bonds, and multiple subsidy sources
- Familiarity with construction risk management, draw processes, and budget monitoring best practices
- Knowledge of local and state housing agency programs, HUD, and municipal financing tools
- Experience with portfolio management systems and workflow tools; comfort with data‐driven reporting
- Prior responsibility presenting to credit committees and senior risk leadership
- Active industry engagement through conferences, associations, or thought leadership
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