Transaction Manager

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Job Type

Full-time

Description

As a Transaction Manager, you will be responsible for initiating new deal screenings, pricing transactions by product type, preparing prescreen narratives internally and externally, developing relationships with GSE counterparts, and preliminary underwriting. While working in-office at our Carmel, IN Headquarters, you will demonstrate a strong work ethic with a motivated, self-starting attitude in a fast-paced environment. If you are eager to advance your career in multifamily with a growing company, then apply TODAY!

Requirements

After one year as a Transaction Manager, you will know you were successful if you…

• Performed preliminary underwriting to accurately size lending transactions by working with HUD, GSE, and MBI credit teams.
• Analyzed financial statements and reports related to the transaction, such as historical & pro forma property operating statements, rent rolls, sources and uses, real estate owned schedules, appraisals, and project capital needs assessments.
• Assisted Loan Originator in streamlining communication for accurate and timely client interaction.
• Oversaw loans from Application through Closing.
• Supported and Assisted Originators throughout transaction process.
• Developed client relationships.
• Prepared term sheets for review and approval by MBI along with assisting in preparation of HUD & GSE Engagement Letters.
• Composition and analysis of HUD Concept Packages, GSE Soft Quotes, & GSE Pre-Screens.
• Reviewed 3rd party reports and communicate any issues.
• Lead due diligence process with clients and internal company processors.
• Continued education on MBI, HUD, RD, FHLMC & FNMA program developments, loan policies, and guidelines.
• Attended training on applicable subjects when available and appropriate for position.
• 70% of time will be spent on routine, transactional work.
• 25% of time will be spent executing strategy using experience and judgment.
• 5% of time will be spent on long-term, strategic work.

What we are looking for…

• Requires a bachelor's degree from an accredited institution, preferably with a focus in finance or commercial real estate.
• Requires 2-4 years of multifamily credit analysis experience; multifamily affordable housing experience preferred.
• Requires proficiency with Microsoft Office, with emphasis on Excel and Word.
• Must demonstrate excellent communication, analytical, interpersonal, and organizational skills.
• Must be self-sufficient with project/timeline management skills; accuracy and attention to details; and the ability to adapt in an entrepreneurial business environment.
• Must be able to work well under pressure and can prioritize work to meet deadlines in a fast-paced environment.
• Requires occasional travel for property inspections, loan closings, training opportunities and transaction meetings. 10% travel overnight - typically 1-2 nights.
• Knowledge of multifamily real estate and affordable housing development.