Underwriter II (Housing and Construction Manager)-City of Detroit

Job Description

Job Title: Underwriter II (Housing and Construction Manager)

Company: City of Detroit

Location: Detroit, MI

Pay: $60284 – 80909 per year

AI Pay Analysis: The annual salary range of $60,284 to $80,909 for an Underwriter II (Housing and Construction Manager) in Detroit, MI, translates to an hourly wage of approximately $29 to $39, which appears competitive considering the average salary for underwriters in the region typically falls between $60,000 and $85,000, depending on experience and specific job responsibilities. This salary range aligns well with national industry standards, reflecting the specialized nature of the role, which often entails evaluating mortgage applications and assessing housing risks, relevant in a city with an active real estate market. While this compensation is on the lower end for highly experienced professionals, it is reasonable for mid-level positions within this field, suggesting that the offer is competitive for the Detroit market.

Job description:
The Housing and Revitalization Department is seeking to fill one Housing Construction Manager II position. This role is designed for an intermediate-level professional within the City of Detroit Housing and Revitalization Department’s Office of Housing Underwriting, operating under the guidance of senior Housing Construction Managers and supervision from a Supervisor or Manager. The Housing Construction Manager II primarily advises management on evaluating funding requests, assessing contract risks, and approving financial support to recipients or sub-recipients.

The responsibilities of the Housing Construction Manager II include gathering critical information for decision-making, engaging with recipients and sub-recipients to discuss proposals, explaining various funding criteria, guidelines, policies, and procedures, and analyzing construction budgets, plans, specifications, and related documentation to provide informed recommendations on funding approvals. Other key responsibilities involve monitoring ongoing construction projects for compliance, approving payment draws, collaborating with developers, resolving project-related issues, consulting with government agencies, negotiating terms, promoting public awareness, training staff, researching housing conditions, and remaining updated on changes to governmental policies and regulations.

The Housing Construction Manager II conducts detailed construction budget analyses, evaluating financial viability, plan feasibility, project budgets, potential incentives, and cost valuations. Under general supervision, this position is accountable for assessing funding requests and making recommendations regarding grants, tax incentives, and demolition funds. Such funds are typically allocated to develop low-income single and multifamily housing, create and preserve affordable housing in the greater downtown area and city neighborhoods, utilize tax incentives, oversee demolitions, manage efforts to combat homelessness, and review applicants receiving grant funds for home repairs.

This intermediate-level role involves a broad range of professional underwriting assignments, with the Underwriter II independently planning and executing tasks in alignment with accepted policies and practices. The incumbent is expected to use sound judgment to resolve commonly encountered challenges, bringing any contentious findings to the supervisor’s attention. Assignments will generally have clear precedents, requiring successive steps in planning and execution, while the supervisor will provide support for complex situations lacking clear solutions, reviewing completed work for policy conformity, approach effectiveness, technical accuracy, and deadline adherence.

Under the examples of duties, key responsibilities include coordinating with various internal departments and external stakeholders for timely application reviews, collaborating with developers and consultants to assess application packages, managing payment requests for ongoing construction projects, and recommending funding amounts to the HRD Award Committee. In addition, the successful candidate will monitor regulatory changes impacting departmental operations, recommend improvements to policies and procedures, analyze housing development pro-forma models, and engage in housing research as required.

Minimum qualifications for this role include a Bachelor’s degree from an accredited institution in fields such as business administration, public administration, urban planning, finance, or a related area, along with two years of professional experience in risk evaluation, project management, and affordable housing programs. Ideal candidates will demonstrate effective collaboration skills, the ability to manage multiple tasks and shifting priorities, and a commitment to advancing affordable housing development in Detroit.

Candidates selected for this position may undergo a Criminal Background Investigation based on role requirements, and extended work hours may be necessary at times. The evaluation process consists of an interview, assessment of training, experience, and personal qualifications, with additional consideration for veterans and Detroit residency.

The City of Detroit offers a competitive employee benefits package, encompassing health insurance, life insurance, long-term disability insurance, and generous paid time off, including sick leave, vacation, and holidays. Retirement benefits through the City Employees Retirement System include eligibility for retirement allowances after a specified duration of service, along with opportunities for growth and career advancement throughout all departments and divisions within the city. Join our dedicated team and contribute to fulfilling our vision of delivering exceptional service to the residents of Detroit.

Job Posting Date: Sun, 26 Jan 2025 07:59:39 GMT

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