Commercial Credit Analyst II

Background

About Locus:

At Locus, we know communities thrive when they have equitable access to capital. We collaborate with stakeholders across the community development ecosystem to invest in communities with strong aspirations, while addressing challenges like a shortage of affordable housing, limited access to fresh food, a lack of quality jobs, and clean energy innovation. We believe a capital system that centers community input and impact is essential to ensure that everyone, no matter their background, location, or economic status, can live in healthy, thriving places.

Locus is the parent organization for a family of community development enterprises, which includes a nonprofit CDFI loan fund, a CDFI bank, a fund management practice, and a national guarantee program. With offices in Christiansburg and Richmond, Virginia, Locus offers innovative and flexible financing tools and strategic consulting services to individuals and organizations in underestimated and excluded communities, most of which are low-to-moderate income. Alongside our many partners, Locus has generated over $2 billion dollars in total impact.

Locus is a nonprofit holding company regulated by the Federal Reserve. Locus Bank is an FDIC-insured, certified bank and B Corp offering products tailored to socially conscious investors. Locus Bank is a majority-owned subsidiary of Locus. Member FDIC. Equal Housing Lender. Learn more at www.locusimpact.org

Summary

Position Overview

The Commercial Credit Analyst II will serve as a primary underwriter for Locus’s real estate and small business lending activities in the Department of Underwriting. The position will support the Commercial Credit Analysis Manager with standard underwriting assignments, which include affordable housing, small business, and clean energy. The Credit Analyst II will have a solid credit background, preferably in commercial real estate or small business. The position is responsible for analyzing and assessing risk on various types of transactions, which are largely loans and lines of credit, as well as other innovative capital such as guarantees.

This position is posted at Level II; however, candidates with more advanced experience and qualifications may be considered for a Level III role. Final title and compensation will be commensurate with experience and aligned with the level at which the candidate is hired.

Responsibilities

Essential Duties and Responsibilities:

• Routinely completes credit analyses on loan transactions of varying sizes and, and provides recommendations on the extension of credit complexities
• Underwrites loan transactions for Locus Bank, Locus Impact Fund, and Locus Capital.
• Serves as the primary analyst for the Bank’s annual review process and underwrites the majority of annual renewals.
• Spreads, analyzes, and interprets financial statements and other documents.
• Gathers data and performs due diligence on borrowers, guarantors, and sponsors, and completes financial, economic, market, and industry assessments.
• Identifies and describes the strengths and risks and mitigants, as well as other pertinent credit issues of respective deals.
• Completes written analyses including an independent credit assessment with a well-defined risk profile.
• Prepares credit memorandums for Committee approval and will assist in the presentation of the request.

Requirements

Qualifications:

• 2-4 years of credit underwriting and financial analysis experience required, preferably in the community development field.
• Bachelor’s degree required from a 4-year college or university.
• Experience with financial statement spreading software.
• Experience with analyzing commercial, small business, and real estate loans.
• Experience underwriting community development financial institutions a plus.
• Clean energy underwriting experience a plus.
• Experience underwriting financial guarantees used to offset risk on various community development transactions a plus.
• Proficient in Microsoft Word, Excel, PowerPoint, and Windows file management.
• Strong analytical, quantitative, and interpersonal skills required.
• Excellent verbal and written communication skills required.
• Well-developed organizational and decision-making skills.
• Ability to meet deadlines and handle multiple responsibilities simultaneously.
• Possess a solid understanding of accounting, financial statement analysis, and loan structuring.
• Maintain a thorough understanding of Locus’s credit policy as well as other internal policies and procedures.
• Commitment to engaging in a diverse, equitable, and inclusive work environment, with a particular focus on achieving equitable outcomes in our business development and products.
• Access to high-speed internet bandwidth and reasonable proximity to Locus or a major metropolitan airport.

Compensation and Benefits

• $71,164 – $81,566 annual salary, depending on skills and experience
• Annual bonus opportunity
• 18-days of PTO per year
• 13-paid holidays per year
• Medical, dental, vision, short- and long-term disability insurance
• Life Insurance
• Paid Family Leave options
• 401k savings plan with employer match
• Hybrid Remote (candidates within driving distance of the Richmond Locus office)

Locus is an Equal Opportunity Employer. Locus does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or status as a veteran.

How to Apply

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