Job Description

Position Overview

Job Title Private Credit – Affordable Housing

Corporate Title Analyst – Associate

Location  New York, NY

Overview

The Affordable Housing team within Deutsche Bank’s US Public Finance & Solutions business is seeking to hire an Analyst or Associate to support the origination, underwriting, structuring, and execution of debt investments secured by affordable housing real estate and related financing structures.

The successful candidate will be responsible for independently managing the underwriting and diligence of transactions and making complex decisions with limited supervision. The role requires a highly organized and detail‑oriented individual with excellent written and verbal communication skills.

Given the size of the team, this is an extremely interactive role where you will be empowered to work closely with senior professionals while maintaining clearly defined responsibilities and ownership over assigned transactions. This is a compelling opportunity to be involved in an exciting and diverse market and gain exposure to a broad range of financing structures under the guidance of a highly experienced origination and structuring team.

More broadly, the US Public Finance & Solutions business operates within the US Rates franchise of the broader Rates/Fixed Income and Currencies (FIC) platform at Deutsche Bank and encompasses origination, structuring, financing, and trading activities across public and private markets.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office and work from home flexibility, as well as generous vacation, personal, and volunteer days
• Competitive compensation and benefits, including health and wellbeing programs, retirement savings plans, parental leave, and family‑building benefits
• Educational resources, matching gift programs, and opportunities to engage in community and volunteer initiatives
• The opportunity to work within a growing and high‑performing team focused on affordable housing and essential infrastructure finance, with exposure to a wide range of transactions, financing structures, and financial instruments

What You’ll Do

• Work with a market-leading team to analyze, structure, document, and execute debt financings secured by affordable housing assets
• Underwrite senior mortgage loans, subordinated debt, and structured positions, including detailed analysis of property-level cash flows, capital structure, debt service coverage, and structural protections
• Build and maintain financial models to evaluate transaction economics, credit risk, and downside scenarios
• Draft investment and credit committee memoranda detailing transaction structure, key risks, mitigants, and underwriting conclusions
• Project-manage loan transactions from initial screening through closing, coordinating internal approvals and third-party diligence providers (appraisals, engineering reports, environmental reviews, insurance zoning, market studies, etc.) and engaging directly with borrowers, developers, sponsors, counsel, and other counterparties
• Conduct desk research and site visits independently across the United States, support post-closing portfolio monitoring and ongoing asset management activities, and assist with the development and mentorship of analysts, interns, and other junior team members

Skills You’ll Need

• Ability to take ownership for transactions and manage workload with minimal supervision, and demonstrated ability to manage responsibilities across multiple transactions and workflows
• Proficiency in mortgage credit analysis and evaluation of borrower and guarantor structures
• Product knowledge of affordable housing and related real asset financing structures, including LIHTC where applicable
• Proven years of experience in underwriting, credit analysis, or investment roles, with an emphasis on affordable housing, real estate, or infrastructure-related transactions
• Excellent critical thinking and decision-making skills, excellent verbal and written communication skills, and strong attention to detail and organizational skills

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $110,000 - $140,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

Learn more about your life at Deutsche Bank through the eyes of our current employees:

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice, please email  HR.Direct@DB.com .

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We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view "Deutsche Bank’s Equal Opportunity Policy Statement" and the following notices: "EEOC Know Your Rights" ; "Employee Rights and Responsibilities under the Family and Medical Leave Act" ; and "Employee Polygraph Protection Act" .

Job Tags

Full time, Work at office, Work from home

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