Development Underwriter

Development Underwriter

Salary

$53,142.00 - $90,372.00 Annually

Location

Lexington County, SC

Job Type

FTE - Full-Time

Job Number

27-006

Agency

State Housing Finance & Development Authority

Division

Development

Opening Date

09/21/2026

Closing Date

10/5/2026 5:00 PM Eastern

Class Code:

AN07 - Senior Accountant/Fiscal Analyst

Position Number:

60027157 & 60027074

Normal Work Schedule:

Monday - Friday (8:30 - 5:00)

Pay Grade

GEN09

Hiring Range - Min.

$60,000.00

Hiring Range - Max.

$70,000.00

EEO Statement

Equal Opportunity Employer

Agency Specific Application Procedures:

All applicants must submit a completed on-line employment application and the supplemental questionnaire. Resumes will not be accepted in lieu of the required application and supplemental questionnaire. The posting closes at 5pm EST.

Veteran Preference Statement

South Carolina is making our Veterans a priority for employment in state agencies and institutions.

• Description
• Benefits
• Questions

Job Responsibilities

Two (2) positions will be filled with this posting.

Are you looking for a purpose-driven career, not just the same old 9 to 5? One that gives you a reason to come to work beyond just receiving a paycheck? Well, look no further! The SC Housing Finance and Development Authority (SC Housing) is actively searching for a Development Underwriter for our Development Finance Division!

Why join SC Housing?

We know our employees work hard, so we work hard to encourage a culture that promotes work-life balance, well-being and employee engagement/recognition. We are a forward-thinking organization that is committed to changing lives by creating safe, decent, and affordable housing opportunities that fulfill dreams and inspire hope in our citizens. Our staff energizes the work that we do, and helps find solutions that make a difference in the lives of others. If you want to be part of an organization that allows you to connect your passion for improving the lives of others to purpose, we invite you to join our team of energetic housing champions!

How will you fit in?

As a member of the Development Underwriting team, you will work under the supervision of the Development Underwriting Manager. You will operate within the federal and state guidelines that regulate SC Housing's Multifamily Development programs and utilize discretion and good judgment when performing feasibility analyses, determining funding awards, and solving technical issues.

What will you do?

SC Housings Multifamily Development Division administers a diverse portfolio of housing development programs across the state of South Carolina to include Low Income Housing Tax Credit (LIHTC), HOME, SC Housing Trust Fund (SCHTF), National Housing Trust Fund (NHTF), Small Rental Development Program (SRDP), and Multi-Family Tax Exempt Bonds programs.

In this position, you will:

• Review multifamily housing development proposals seeking financial assistance by analyzing development costs, sources and uses of funds, operating budgets, rent projections, and financing structures. Evaluate compliance with program requirements and underwriting standards, calculate key financial metrics, and prepare written underwriting summaries and recommendations for internal review and approval.
• Develop, update, and maintain Excel-based underwriting and financial analysis models used to evaluate multifamily rental housing proposals. Design and test formulas, assumptions, and calculations to ensure accuracy, consistency, and alignment with underwriting policies and program requirements.
• Assist in the development and revision of underwriting guidelines and policies used to evaluate multifamily rental housing applications. Analyze regulatory requirements and program needs, draft technical guidance, and support consistent application of underwriting standards.

Minimum and Additional Requirements

Agency Minimum Qualifications: *

An associates degree in accounting, real estate, finance, economics, mathematics, or a related field of study and 4 years of full-time experience (to include internships) in accounting, auditing, finance, commercial loan underwriting, or a related field.

• Candidates must specifically meet the Agency Minimum Requirements or an equivalent combination of education and experience to be considered for this position.

Additional Requirements:

• Strong financial analysis and underwriting skills, with the ability to assess complex rental housing developments
• Excellent problem-solving abilities and sound judgment in adapting to different circumstances
• Ability to manage multiple priorities and meet deadlines
• Exceptional verbal and written communication skills
• Proficiency in Microsoft Excel, including spreadsheet design and formula creation

Must be able to lift and carry files, books, and reports weighing up to 20 lbs. Must be able to perform filing, desk work, and operate general office equipment. Must be able to sit or stand for prolonged or intermittent periods of time while sharing, gathering, or presenting information to other staff members or external parties. The employee must be able to perform these tasks with or without reasonable accommodations. SC Housing is committed to a diverse workforce and does not discriminate on the basis of race, color, national origin, religion, age (40+) disability, or sex (including pregnancy, childbirth, or related medical conditions).

Preferred Qualifications

• Certifications in housing development finance or economic development finance are preferred.

Additional Comments

What makes us Different?

We are a state governmental agency but one unlike you've encountered before. We operate much more like a private sector business. We are a completely self-sustaining operation that offers rental and homeownership products and services and we face many of the same regulatory, market, and financial hurdles of private sector financial institutions. Our clear advantage to employees is that we offer challenging, and meaningful work but with an appropriate work-life, home-life balance as well as excellent state government benefits. Now we're looking to reinforce our team with a person who is energetic, brilliant, and talented.

Our Benefits Package:

The South Carolina State Housing Finance & Development Authority offers an exceptional benefits package that includes:

• Telecommuting options
• Accrued Paid Time Off (15 days annual/vacation leave per year and 15 days sick leave per year)
• 13 paid holidays
• PEBA Health, dental, vision, long term disability, and life insurance for employees, spouses, and children
• PEBA Perks
• Free Telehealth Visitsfor State Health Plan members
• Free Health Coaching for State Health Plan members
• State Retirement Plan
• Deferred Compensation Programs 401k and 457 plans
• MoneyPlus( tax-favored accounts program) Employee Assistance Program
• Employee Discount Programs (PerksCard, TicketsatWork, and WeSave)
• Casual Fridays
• Tuition Reimbursement Program (after 6 months of employment)

And much, much more!

Location, Location, Location:

The Palmetto State offers something for everyone. Located in the Midlands, Columbia is both the state capital and South Carolinas second-largest city. It is just a short commute to the states beautiful beaches and gorgeous mountains. Sunny summers and mild winters allow residents to experience the outdoors year-round, a plus considering that Lake Murray is just minutes away. Great universities and colleges, minimal commute times and friendly people make South Carolina the ideal place to build your future.

Click here to explore Columbia, SC and all it has to offer.

Benefits for State Employees

The state of South Carolina offers eligible employees generous benefits, including health and dental insurance; retirement and savings plan options; and paid vacation and sick leave. Plus, work-life balance programs such as telecommuting and flexible work schedules are available to employees of some state agencies.

Insurance Benefits

Eligible employees may enroll in health insurance, which includes prescription coverage and wellness benefits. Other available insurance benefits include dental, vision, term life insurance, long term disability and flexible spending accounts for health and child care expenses.

Retirement Benefits

State employees are also offered retirement plan options, including defined benefit and defined contribution plans. Additionally, eligible employees may elect to participate in the South Carolina Deferred Compensation Program, which is a voluntary, supplemental retirement savings plan offering 401(k) and 457 plan options.

Workplace Benefits

State employees may also be eligible for other benefits, including tuition assistance; holiday, annual and sick leave; and discounts on purchases, travel and more.

Note: The benefits above are available to most state employees, with the exception of those in temporary positions. Employees in temporary grant and time-limited positions may be eligible for all, some or none of these benefits as benefits are associated with each position type. For these positions, contact the hiring agency to determine what benefits may be available.

01

Do you meet the minimum requirements for this position: An associates degree in accounting, real estate, finance, economics, mathematics, or a related field of study and 4 years of full-time experience (to include internships) in accounting, auditing, finance, commercial loan underwriting, or a related field?

• Yes
• No

02

If you answered "Yes" to question # 1, please briefly list (Typed answer required): Type of degree, Number of years of related experience, *Position Titles.

03

If you answered "No" to question #1 but feel you meet the minimum requirements through equivalency, (i.e. 1 year education = 1 year related experience), please briefly list below: Type of Degree, Number of years of related experience, *Position Titles.

04

What is your highest level of education?

• High School Diploma or GED
• Associates Degree
• Bachelors Degree
• Masters Degree or Higher

05

How many years of full-time experience (to include internships) do you have in accounting, auditing, finance, commercial loan underwriting, or a related field?

• None
• Less than 1 year
• 1-2 years
• 3-4 years
• 5-6 years
• 7-8 years
• 9 or more years

06

Briefly describe your full-time experience (to include internships) in accounting, auditing, finance, commercial loan underwriting, or a related field.

07

What types of finance/accounting certifications do you have? (Check all that apply)

• None
• CPA
• CIA
• CGF0
• Housing Development Finance
• Economic Development Finance
• Other

08

If you answered "Other" in the previous question, please list the certification(s) below.

09

Are you willing to accept a position within a salary range of $60,000 to $70,000?

• Yes
• No
• See preferred salary listed on my application.

10

Do you have any relatives employed with the State of South Carolina/SC Housing?

• Yes
• No

11

If you answered "yes" to the question above, please provide the name(s) and relationship(s).

12

Do you or any of your immediate family members have employment, consulting ventures or personal business arrangements with any housing related entities to include Real Estate/mortgage companies, banking or nonprofit organizations?

• Yes
• No

13

If you answered "yes" to the question above, please provide the specific details of each situation.

Required Question

Employer State of South Carolina

Agency State Housing Finance & Development Authority Address 300-C Outlet Pointe Blvd.

Columbia, South Carolina, 29210

Phone 803-896-9002

The language used in this document does not create an employment contract between the employee and the agency. This document does not create any contractual rights or entitlements. The agency reserves the right to revise the content of this document, in whole or in part. No promises or assurances, whether written or oral, which are contrary to or inconsistent with the terms of this paragraph create any contract of employment.