Credit Analyst II
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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.
Key Responsibilities & Accountabilities
- 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
Key Competencies & Preferences
- SBA underwriting experience and familiarity with the SBA SOP
- Knowledge and understanding of the CDFI industry
Organizational Policies
Community Reinvestment Fund USA, Inc is an affirmative action equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status or any other characteristic protected by law.
Candidates must reside in and be authorized to work in the United States without sponsorship.
CRF’s Theory of Change
CRF’s Theory of Change is the strategic framework used to guide its work. While CRF’s mission remains constant, the Theory of Change outlines how it contributes to the changes it seeks.
The challenge CRF works to address
The current economic system, perpetuated by institutional racism, individual biases and disparities, is unjust. It fosters the inequities that are causing widening disparities in incomes, wealth, and opportunity gaps.
A just economy that works for all
CRF’s Theory of Change is underpinned by the conviction that small businesses are the backbone of our economy, employing nearly half of the U.S. workforce and generating two-thirds of new jobs. CRF believes that providing small businesses equitable access to capital and support services is essential to creating a just economy that works for all.
CRF activates its mission by:
- Co-creating and deploying innovative financial products and services that address the barriers and inequities small businesses operated by historically excluded people face.
- Designing and managing financial programs that attract incremental impact capital to communities with a history of underinvestment.
- Orchestrating a network of trusted small business support organizations enabled by technology.
- Growing the capacity of community development finance organizations.
- Helping small businesses navigate the complexities of the small business support ecosystem.
CRF STANDS IN SOLIDARITY
Community Reinvestment Fund, USA (CRF) stands in solidarity with all fighting for social justice, equity, and transformational change. They know that the social changes taking place today will yield a lasting positive impact on the lives of millions.
DIVERSITY, EQUITY & INCLUSION:
CRF is dedicated to building and sustaining a truly diverse, equitable, and inclusive culture. These are not just words on a page – Diversity, Equity & Inclusion are top priorities for the organization, and tie deeply to each of their core values and overall vision for the future. CRF is an equal opportunity employer that evaluate applicants without regard to race, color, national origin, religion, sex, age, marital status, disability, veteran status, sexual orientation, gender identity, or other characteristics protected by law.
CORE VALUES
Create Equitable Economic Opportunities, Lead Through Collaboration, Transform Through Innovation, Excel In All They Do, Act with Integrity.
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 a more detailed description of the incredible work we do, how we do it, and who we are, please visit www.crfusa.com.
What We Offer
- Health and dental insurance
- 401k and Roth IRA
- Paid Time Off (PTO)
- Educational Assistance
- Hybrid Reimbursement Programs
- Long-Term and Short-Term Disability
- Life Insurance
- Flexible schedules and telecommuting options
- 10 Federal Holidays plus 2 Floating Holidays
How to Apply
Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to improve lives and strengthen communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $3.6 billion to stimulate job creation and economic development and support community facilities.