Commercial Credit Underwriter (Nonprofit Lending)

New

B GenerousFintech, Finance

Fully remote work environmentFull-TimeMiddle

Salary70,000 - 85,000 USD per year

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Job Details

4+ years of relevant experience in Commercial lending, Credit analysis, SBA underwriting, Nonprofit lending, Specialty finance, CDFI underwriting
Strong financial statement analysis skills
Ability to interpret nonprofit financials and Form 990 filings
Strong Excel or Google Sheets capability
Clear written and verbal communication
Ability to manage multiple active opportunities simultaneously
Comfortable working independently in a remote environment
Ability to use Docusign, Salesforce, standard LOS systems (lending origination systems)
Experience working with nonprofits, social enterprises, or mission-driven borrowers (preferred)
Familiarity with nonprofit accounting and revenue structures (preferred)
Exposure to lending platforms, fintech, or private credit environments (preferred)

Analyze borrower financial information, including Audited financial statements, IRS Form 990 filings, Internal management reports, Budgets and financial forecasts
Assess key credit indicators including Liquidity, Unrestricted net assets, Operating performance, Debt service capacity, Revenue concentration, Donor dependency, Grant timing exposure, Net Income trends
Calculate and interpret Debt service coverage ratios, Days cash on hand, Working capital trends, Leverage ratios, Operating reserves
Evaluate financing requests for Working Capital Term loans, Bridge loans, Lines of credit, Receivables-backed facilities, Revenue-based financing products
Structuring Term Sheets which include Loan amount, Term, Pricing, Repayment structure, Collateral requirements, Covenant considerations
Prepare concise underwriting summaries and credit memoranda for Internal review, Lender presentation, Credit discussions

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