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Why Bank OZK

Founded on a legacy of more than 120 years in banking, Bank OZK is much more than just a company. We’re nationally recognized as an industry leader in financial services. That means we combine exceptional service with innovative technologies to deliver smart solutions to our clients across the country. We’re investing in small businesses, fueling economies in local communities and changing skylines in the largest cities across America. Here, we're not simply filling roles. We're fostering even greater careers.

The foundation for a great career starts with an exceptional team and a comprehensive benefits package. We believe in providing our dedicated team members with the best resources to support their physical, mental and financial wellbeing, including generous PTO, 401(k) matching, health, dental, vision (and pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits (https://careers.ozk.com/benefits) .

Job Purpose & Scope

Assists in the management of a specialized portfolio of affordable housing loans and the Bank's associated tax credit equity investments. Responsible for lifecycle stewardship of loan and equity assets across closing, construction, lease-up, conversion, and long-term monitoring of the Bank’s equity investments to optimize mission impact and risk-adjusted returns.

Essential Job Functions

+ Works with the management team to adhere to the regulatory and managerial guidelines established in loan policy and supports the Bank’s overall strategic goals.

+ Assists with the development of policies and procedures that address relevant points of operation, including (but not limited to) reporting standards, internal audit process, credit review process and regulatory compliance, as needed.

+ Monitors Borrower compliance with loan documents.

+ Performs ongoing follow up for collection and review of all required documentation and financial data including tax returns, financial statements, rent rolls, operating statements, global cash flow statements, appraisal and environmental reports and other documents as needed or as prescribed by their respective loan covenants and reporting requirements.

+ Determines the physical condition of the collateral through analysis of appraisal reports, inspection reports, environmental/engineering reports, property condition reports and flood determination reports.

+ Supports Commercial Credit Underwriting in the analysis of the property’s loan to value, debt service coverage ratio, marketability through analysis of appraisal, rent rolls, financial statements, market data and demographic information.

+ Evaluates the financial condition of borrowers, principals, and guarantors through analysis of tax returns, financial statements, global cash flow statements, bank statements, credit reports and OFAC reports and Personal Questionnaire response.

+ Prepares the Opportunity Memorandum and provides ongoing support to Credit Underwriting for Credit Package preparation with ongoing validation and resource reviews, specifically as it pertains to renewals and modifications of existing loans.

+ Responsible for ensuring the accuracy of the loan data and ongoing loan maintenance.

+ Responsible for perfecting the Bank’s loan collateral at closing, including facilitating the proper booking of loans.

+ Directly coordinates with Bank underwriting department and other departments within the Bank to drive the closing process while strictly adhering to all policies and procedures as defined by loan policy.

+ Identifies and escalates ongoing portfolio credit issues to various levels of management.

+ Assists with the resolution of loan administration items, including exception items and post-closing items.

+ Handles customer calls and research items for problem resolution.

+ Conducts ad hoc financial analysis, as required.

+ Responsible for ongoing portfolio management and tracks the loans’ maturities in the AHFG portfolio and facilitates loan pay-offs or extensions, as needed.

+ Responsible for reviewing the performance and physical condition of affordable housing developments that the Bank may have invested in and facilitating the dispositions of investments once the Bank must exit an affordable housing partnership.

+ Performs other duties and contributes to special projects as assigned.

Knowledge, Skills & Abilities

+ General knowledge of affordable housing governing standards, the Low Income Housing Tax Credit, and Private Activity Bonds.

+ General knowledge of loan underwriting and credit evaluation.

+ Ability to identify challenges, navigate obstacles, and effectively drive the loan closing process.

+ Ability to read, analyze and interpret financial reports and/or legal documents.

+ Ability to effectively write documents, presentations, and analysis.

+ Ability to demonstrate effective organization, critical thinking, analytical and problem-solving skills.

+ Ability to utilize discretion and sound judgment in decision making and maintain confidentiality.

+ Ability to communicate effectively both verbally and in writing.

+ Ability to work effectively and demonstrate flexibility in a continually changing environment.

+ Ability to manage multiple tasks with exacting deadlines in a fast-paced environment.

+ Ability to multi-task and work well under pressure and with exacting deadlines.

+ Ability to work under general supervision.

+ Skill in using computer and Microsoft Office, including Outlook, Word, Excel, PowerPoint, and M365 Copilot.

+ Ability to travel as needed, to attend conferences, off-site company meetings, client visits, or property visits.

Basic Qualifications

+ Bachelor’s degree, preferably in business, real estate, accounting or finance, or urban planning, or commensurate work experience required. Master’s degree in the above fields preferred.

+ 2+ years of work experience in commercial banking, commercial loan underwriting, loan closing, credit analysis and/or asset management, or the LIHTC affordable housing industry required.

+ This role is subject to SWIFT standards and will have access to highly secure areas and confidential information. Must be able to submit to a post offer criminal background check which will include finger printing and credit review, required.

Job Expectations

O perate customary equipment and technology used in a business environment, with or without accommodation.

Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.

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EEO Statement

Bank OZK is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.