Western Alliance Bank · 1 week ago
Vice President, Commercial Underwriting - Affordable Housing
Phoenix, AZ
Full-time
Onsite
Mid, Senior Level
6+ years expWestern Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation, focused on providing banking solutions. They are seeking a Vice President, Commercial Underwriting - Affordable Housing who will be responsible for underwriting complex loan requests and renewals specifically for affordable housing transactions, while also mentoring junior staff and ensuring compliance with bank policies.
BankingFinanceFinancial Services
Responsibilities
Perform specialized financial analyses of complex affordable housing transactions, including multi-layered debt and equity structures
Provide detailed credit information and references for customers, loan officers, or other agencies as requested
Evaluate borrower, guarantor, and developer financial strength; analyze liquidity, contingent liabilities, and exposure concentrations
Perform detailed underwriting of construction-to-permanent executions and direct-pay letter of credit structures associated with tax-exempt bond deals
Review third-party reports (appraisals, market studies, environmental assessments) for compliance with Bank standards and affordable housing requirements
Model loan cash flows incorporating LIHTC equity, deferred developer fees, subordinate debt, and public funding sources
Prepare comprehensive credit memoranda, incorporating both financial risk assessment and qualitative mission-driven impacts
Participate in client and agency meetings as necessary to discuss deal structure, mitigate risk, and ensure execution alignment with Bank strategy
Mentor junior underwriters and analysts, providing guidance on affordable housing program mechanics, cash flow modeling, and credit presentation standards
Qualification
Required
6+ years of related experience, including at least 3 years in affordable housing, community development, or commercial real estate lending
Bachelor's degree or equivalent experience required; advanced degree or affordable housing certification preferred
Advanced knowledge of general commercial banking operations, including deposit operations, loan administration, and treasury management
Strong understanding of LIHTC program structure, tax-exempt bond executions, and layered capital sources used in affordable housing finance
Advanced knowledge of applicable regulatory and legal compliance obligations, including CRA, fair lending, and community reinvestment standards
Advanced analytical and writing skills with ability to craft high-quality, well-supported credit recommendations
Proficiency with Excel and real estate financial modeling tools; ability to manage multiple, complex transactions with tight timelines
Advanced speaking and writing communication skills
Preferred
Advanced degree or affordable housing certification
Benefits
Competitive salaries
An ownership stake in the company
Medical and dental insurance
Time off
A great 401k matching program
Tuition assistance program
An employee volunteer program
A wellness program
Company
Western Alliance Bank
Western Alliance Bank is a banking firm that offers commercial and business banking solutions.
Founded in 1994Phoenix, Arizona, USA
1001-5000 employees
H1B Sponsorship
Western Alliance Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (42)
2024 (30)
2023 (49)
2022 (28)
2021 (13)
2020 (10)
Funding
Current Stage
Public CompanyTotal Funding
$400M2025-11-19Post Ipo Debt· $400M
2005-06-30IPO
Leadership Team
Tim Boothe
Chief Operating Officer
Barbara Kennedy
CHRO, EVP
Recent News
Morningstar.com
2026-01-09
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