Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise family of companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed more than $43.6B in equity, grants and loans to support low income people and low-income communities including building or preserving nearly 585,000 affordable rental homes. For more information about Enterprise, please visit our website at www.enterprisecommunity.org. The Enterprise Community Loan Fund has an immediate opening for a Credit Analyst position. The position would have lending and portfolio responsibilities throughout Enterprise’s national footprint.***We have 2 openings which can be located in either Columbia, MD; Denver, CO and Seattle, WA
Reporting to the Director of Lending, the Credit Analyst is responsible for a variety of tasks associated with supporting ECLF’s Loan Officers, Director of Lending, Chief Lending Officer (CLO) and Chief Credit Officer (CCO) in underwriting, closing, and asset management of community development loans with particular emphasis on affordable housing and community facilities. In particular, the Credit Analyst will support the Loan Officers by performing financial analyses, third party review assessments, site visits, and various asset management tasks including but not limited to covenant compliance, financial reporting, loan modifications and annual reviews.
Specific responsibilities include:
- Produce financial analysis of both for- and non-profit sponsors and/or guarantors.
- Support Loan Officers by conducting thorough due diligence review and evaluation of various aspects of loan underwriting such as evaluating feasibility and likelihood of repayment sources, appraisal reviews, construction cost reviews, property condition reports, environmental reports and site inspections.
- Participate in the loan closing process by reviewing loan documents and/or due diligence items required to close a loan.
- Support the portfolio management function by providing financial analysis of existing sponsors, completing portfolio reviews, completing recommendations for modifications, drafting simple modifications, assisting with workout plans for troubled loans, reviewing loans for covenant compliance and performing site visits.
- Assist with other projects as needed.
- Undergraduate degree in business, finance, real estate, urban planning or related field is required; advanced degree in business, finance or related field preferred.
- Three years of work experience.An advanced degree in business, finance, real estate, urban planning o related field can substitute for 2 of the 3 years of required work experience.
- Experience in real estate-based or business lending, including credit analysis.
- Proficiency in analyzing financials of nonprofit and for-profit organizations and real estate operations (in particular, rental housing and community facilities).
- Experience with reviewing due diligence items required to close real estate transactions including but not limited to appraisals, environmental, and construction cost review reports.
- Knowledge of the closing process and loan documents utilized in real estate transactions.
- Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, special needs housing, and community facilities (e.g. LIHTC, HUD programs, etc.) desired.
- Experience working with both private sector financial institutions and public agencies.
- Excellent written and verbal communication skills are required.
- Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential.
- Excellent skills in managing multiple tasks requiring strong attention to detail
- Ability to work effectively in a team environment.
- Ability to travel.