Senior Credit Analyst

Background

National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national Community Development Financial Institution (CDFI) formed in 1996 to increase access to responsible financial products and services in underserved communities. NCIF provides loans and equity investment to mission-oriented financial institutions—including CDFIs and Minority Depositary Institutions (MDIs) — and lends directly to projects and organizations supporting small businesses, housing, education, healthcare, and other sectors that improve the quality of life in rural and urban communities.

Since 1996, NCIF has directed $512M in loans, investments and New Market Tax Credits (NMTC) to community banks and investment projects, and promoted over $1.6 billion worth of high-impact community investments in real estate and operating businesses, including healthcare, education, and community facilities.  Our work with 53 mission-oriented financial institutions in 39 states has created over 17,000 jobs in rural, urban and small-town communities. (See below for more information on NCIF’s business lines).

Summary

As a Credit Analyst, you would be part of our lending and NMTC team, responsible for originating and participating in loans to real estate and operating companies across the US, and working closely with a national network of CDFI partners. This role offers unique opportunities for career growth as our team continues to grow.

Responsibilities

As an integral member of the lending team, your responsibilities as a Credit Analyst will include:

Underwriting and Financial Analysis on NMTC and Loans

• Gather data and perform due diligence on the borrowers/guarantors, including economic/industry assessments.
• Spread financial statements and create operating projections to perform financial statement analysis, cash flow analysis, repayment analysis, risk analysis, and mitigant assessment.
• Analyze borrowers’ budgets and projections to assess and stress test debt service capacity.
• Write credit memoranda and assist in presentations at the loan committee.
• Assist in the assessment of collateral.
• Input data into the loan management system as needed.
• Special projects as determined by the Head of Department.

Asset Management – in partnership with the Portfolio Management department

• Do annual reviews of borrowers/guarantors, including evaluation of risk ratings.
• Monitor projects during construction, including review of third-party construction reports, construction draws, and budgets.
• Ensure compliance in all impact and covenant reporting
• Ensure that all transactions comply with the terms of legal agreements, that cash flows are consistent with financial projections, and that all covenants and conditions are met.
• Support control/loan servicing departments with post-close monitoring/reporting.

Requirements

To thrive, you should have:

• Passion for community development and improving individuals’ lives in underserved communities.
• Bachelor’s degree (or comparable work experience), preferably in Business, Accounting, or Finance.
• 2 – 7 years of experience with commercial credit underwriting/financial analysis (with formal credit training being a plus). Candidates with more relevant experience will be considered in a more senior capacity.
• Experience in mainstream banking, CDFI, NMTC, lending departments, and nonprofit organizations would be a plus.
• Solid attention to detail and analytical skills. Proficiency in MS Office with strong expertise in MS Excel.
• Ability and willingness to work in an entrepreneurial organization positioned to grow.
• Ability to work on multiple projects simultaneously. Demonstrated oral and written presentation skills.
• Ability to work and communicate with various business stakeholders and technical teams.
• Candidates must be residents of Chicago (or willing to relocate) and willing to work on a hybrid schedule.

Compensation and Benefits

We value our employees’ time, efforts and expertise. Our competitive compensation and benefits package includes:

• Compensation range from $70 – $100K, dependent on experience
• Comprehensive medical, dental, and vision insurance
• 401(k) plan available with employer matching
• Life and disability insurance for added protection
• Health savings and flexible spending accounts
• Paid time off, flexible schedule, and hybrid work schedules

 

How to Apply

Apply via LinkedIn:

https://www.linkedin.com/jobs/view/4267384940