Credit Analyst

  • Full Time
  • Chicago, IL
  • Aug 30, 2022

Website National Community Investment Fund

About the Job

The commercial credit underwriter/senior underwriter/credit analyst, is part of the Lending and NMTC teams that originate/participate in loans to real estate and operating companies, nationally.  Responsibilities include:

Perform Underwriting and Financial Analysis on NMTC and Loans, to include:

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

    Asset Management

  • 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 that all transactions comply with the terms of legal agreements and cash flows are consistent with financial projections. Ensure compliance of all covenants and conditions.
  • Support control/loan servicing departments with post close monitoring/reporting.

Qualifications

  • Passion for community development and for improving the lives of individuals in underserved communities.
  • Bachelor’s degree (or comparable work experience), preferably in Business, Accounting or Finance.
  • 2 – 7 years of experience with credit underwriting/financial analysis.  Candidates with more relevant experience will be considered in a more senior capacity.
  • Experience in banking, CDFI, NMTC or lending departments and nonprofit organizations would be a plus. Demonstrated understanding of credit and financial analysis, with formal credit training a plus.
  • Strong 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 to varying levels of business stakeholders and technical teams.
  • Preferably a resident of Chicago, willing to relocate or work on a hybrid schedule.

To apply

To apply, please send a resume, cover letter and writing sample to [email protected]. Resumes without a cover letter and writing sample will not be considered.

National Community Investment Fund

Background and Open Positions

National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities. Total assets under management at NCIF are around $208 million, including a balance sheet of $50 million and $158 million of New Markets Tax Credits (NMTC) allocations. In 2019, NCIF launched a $30 million Credit Strategies Fund with new debt capital of $15 million. NCIF is the largest investor in CDFI banks with investments in 17 institutions. NCIF achieves its mission via three complementary business lines:

  1. Equity Investing in Mission Oriented Banks: We support depository institutions with equity, debt and deposit investments.
  2. Deployment of NMTC allocations: We have received $376 million in NMTC allocations and are deploying it into real estate, operating companies, health care facilities, schools, and other nonprofit and for-profit impact-oriented businesses.
  3. Lending: With the launch of the Credit Strategies Fund, we make/purchase loans in partnership with CDFI Banks and other mission-oriented partners to finance socially impactful commercial real estate projects that benefit underserved communities.

Impact measurement is the foundation of NCIF’s work and supports all of our business lines. We advise investors and other stakeholders on equity placements, debt, deposits and grants to meet their programmatic and geographic focus areas.  NCIF pioneered the use of Social Performance Metrics (www.bankimpact.org) and is developing a cloud-based core data platform to support data analytics.

To apply, please send a resume, cover letter and writing sample to [email protected]. Resumes without a cover letter and writing sample will not be considered.

NCIF is an equal opportunity employer and provides equal treatment and opportunity to all persons without regard to race, color, religion, national origin, sex, age, disability, veteran status or sexual orientation except where such distinction is required by law.  This job requires that all staff are either fully vaccinated (including booster) for COVID-19 or show a negative RT-PCR test result on a weekly basis.

Preference will be given to candidates who are residents of Chicago or are willing to relocate.

To apply for this job please visit jobs.thegiin.org.


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