Underwriting Team Leader

Location:

1675 Broadway, Denver Colorado

Key Bank Community Development Lending and Investment (CDLI) is looking for an experienced community development leader to join our growing team.  The Underwriting Team Leader will lead a team of Sr. Underwriters, Underwriting Project Managers, and Underwriting Associates responsible for analyzing and closing Affordable Housing real estate debt and equity transactions.  The individual will provide direct oversight and leadership to a regional-based Underwriting team to maintain consistent underwriting processes, to manage balanced workflow, and to assist with complex transactional or client matters.

The Underwriting Team Leader will be a key leader within the CDLI business line helping to drive business growth and risk management best practices as a collaborative partner with regional Production leaders, Asset Management leaders, Syndication leaders, and business line Credit Officers.  The individual will also partner closely with critical enterprise stakeholders including Loan Servicing, Commerical Mortgage, Compliance, and Finance. 

The Underwriting Manager must have significant experience closing, originating and/or managing risk associated with Low Income Housing Tax Credit (LIHTC) equity investments and community development debt products.  Additionally, the individual will be responsible for building and leading a diverse, equitable, and inclusive team through ongoing professional development and talent management.

• Lead a regional underwriting team of 5-8 individuals to ensure high-quality, risk-based underwriting and analysis of debt and equity Affordable Housing and Community Development transactions and sponsors.
• Review underwriting packages and real estate/LIHTC financial modeling to facilitate Line of Business and Credit approval and closing of new transactions.
• Consult on deal structuring, pricing, profitability, and risk analysis of new community development opportunities.
• Support and influence the deal team (Relationship Manager, Underwriter, Asset Manager, Closing Officer, Syndication) to solve complex financing and deal structuring situations while balancing risk metrics and customer expectations.
• Manage regional pipeline and deal assignments to monitor team capacity and support workflow throughout the underwriting and closing process.  Provide accountability for clear and timely communication of deal progress to internal and external stakeholders.
• Support implementation of innovative underwriting, data analytics, technology, and continuous improvement tools and process improvements.
• Develop and maintain Underwriting department policies, procedures, guidelines, and best practices in conjunction with Key Credit Policy and Underwriting standards. 
• Partner with the division COO and Regional Production Leaders to provide underwriting trend and business insights specific to the region’s pipeline, portfolio, and clients.  Assess underwriting risk and opportunities to recommend adjustments to portfolio strategies, origination volumes, and deal terms/structures.
• Build and foster a high performing, equitable, and inclusive team-based culture within the CDLI team. Provide individual mentorship, development planning, goal setting, training, and performance management to team members.
• Collaborate with business partners and cross-functional stakeholders including Credit Risk Management, Loan Servicing, Tax Credit and Loan Syndications, and Asset Management to provide seamless customer execution.

• Bachelor’s Degree in Business Administration, Finance, Urban Planning/Real Estate, or Engineering
• Expert in Low Income Housing Tax Credit and Community Lending industry with underwriting and/or risk management experience (10+ years’ experience)
• Advanced ability to communicate and persuade internal and external stakeholders in written and verbal communications
• Demonstrated credit risk analysis, underwriting, project management, and financial analysis experience in a lending or investing environment
• Advanced proficiency in MS Office suite (Excel, Word, PowerPoint), Salesforce, and other common asset/loan management systems

• MBA, CPA, other advanced degree, or 10+ years LIHTC industry experience
• 5+ years' experience underwriting, originating, or closing community development loans and/or equity investments
• Experience leading community development or commercial real estate underwriting, risk management, or origination teams
• 3+ years’ experience leading a team: recruiting, hiring, training, performance management
• Excellent prioritization and time management abilities; can prioritize a broad range of activities and keep projects/tasks moving forward within a reasonable timeframe 

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $123,000.00 - $257,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

This position is eligible to earn a base salary in the range of $175,000 to $215,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance. 

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 01/31/2026 KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [email protected].

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