Credit Analyst II

Company: Community Reinvestment Fund

Location: Minneapolis, MN

Job Function: Credit


Who We Are

Community Reinvestment Fund, USA (CRF) is a community development leader committed to bringing economic equity to communities across the country, in order to generate greater investment in the communities that need it most.

Community Reinvestment Fund, USA (CRF) is dedicated to building and sustaining a truly diverse, equitable, and inclusive culture. These are not just words on a page – Diversity, Equity, and Inclusion are top priorities for the organization, and tie deeply to each of the core values and overall vision for the future.

 How We Help

Together with its partners – including community leaders, nonprofit lenders, financial institutions, foundations and more – CRF is creating new strategies and technologies that build stronger local economies, create jobs and support economic mobility.

CRF is headquartered in Minneapolis, Minnesota. For further information, please visit

To apply for this position, please email your resume to


About the Position

Working closely with CRF’s small business customers to successfully structure and finance loan transactions, with responsibility to underwrite SBA 7(a) and CRF business loans. This role requires review of loan packages, analysis of financial statements using Spark, ability to critically evaluate borrower prospects, and prepare credit summaries (write-ups). As part of these responsibilities, the position works closely with CRF Business Development Team and small business borrowers to capture key information to assess SBA/CRF program eligibility, determine whether borrowers meet CRF credit policy, complete analyses of the key credit factors and risks, and make credit approval recommendations. This position also reviews and recommends action on loan modification requests, working with the Loan Packaging/Closing Team.

The position will report to the Credit Manager and will work closely with the Lending team, Credit team, and the Loan Packaging and Closing team. Additionally, the Credit Analyst II will work and connect cross-departmentally with the Portfolio Management and Finance team and other departments in the organization as well as external clients and vendors.


Role Accountabilities (include, but not limited to)

  •  Underwrite assigned loan requests for SBA and CRF programs loans
  • Support the loan approval process through preparation of loan write-ups and commitment letters
  • Prepare and manage credit and production reports and various ad hoc reports as needed
  • Complete credit management tasks and projects
  • Partner with the Credit Manager and Credit team to streamline the credit review and underwriting process and provide recommendations for improvement
  • Work proactively to seek alternative solutions or credit structures when appropriate for loan requests
  • Guide and assist the borrower through the credit process to keep the process moving forward
  • Collaborate with cross-functional teams, including Sales, Packaging/Closing, and Portfolio Management
  • Stay up-to-date with industry and regulatory changes and best practices


About You

  •  Bachelor’s degree in Business, Economics, Finance, Accounting, Mathematics, Statistics or related field
  • 3 to 5 years of experience in credit underwriting for small business and/or commercial real estate loans
  • Seasoned knowledge of spreading financial statements and tax returns, cash flow and ratio analysis, projections, property operating statements, independent market research, commercial construction budgets, appraisal valuation and environmental reports
  • Working knowledge of commercial loan structuring and documentation
  • Ability to effectively communicate verbally and through written forms of communication

 Preferred If You Have

  •  SBA underwriting experience and familiarity with the SBA SOP
  • Knowledge and understanding of the CDFI industry

Compensation and Benefits

What We Offer

The salary range for this role is $65,000 to $75,000 annually (exempt)

A collaborative working environment comprised of driven and highly engaged individuals committed to diversity, equity, and inclusion and the mission, vision and values of CRF. CRF is proud to extend its employees a wide array of benefits including, but not limited to:

  • Most positions offer flexibility for remote work
  • Health, dental, and vision insurance
  • 401K with a 5% match – eligible to participate after 6 months
  • Paid Time Off (PTO)
  • Hybrid Reimbursement Program
  • Educational Assistance
  • Long-Term and Short-Term Disability
  • Life Insurance
  • 10 Federal Holidays plus 2 Floating Holidays

How to Apply

To apply for this position, please email your resume to