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Credit Analyst

N

National Community Reinvestment Coalition Inc

Credit Analyst

Washington, DC
Full Time
Paid
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  • Responsibilities

    Job Description

    Job Description

    About NCRC

    The National Community Reinvestment Coalition is a network of organizations and individuals dedicated to creating a nation that not only promises but delivers opportunities for all Americans to build wealth and live well. We work with community leaders, policymakers and institutions to advance solutions and build the will to solve America’s persistent racial and socio-economic wealth, income and opportunity divides, and to make a Just Economy a national priority and a local reality. This vision is the foundation of the Just Economy Pledge.

    NCRC’s unique mix of research, investigations, investments, media, grant-making, training, advocacy, litigation, lending, convening and facilitation strengthens communities of historic disinvestment, expands economic mobility, holds public and private institutions accountable for their impacts, and informs local and national leaders, policymakers and the private sector.

    Established in 2007 and certified by the U.S. Treasury as a Community Development Financial Institution (CDFI) in 2012, NCRC Community Development Fund (NCRC CDF) is a 501(c)3 whose mission is to help bridge the racial wealth divide in America’s underserved communities. NCRC CDF is a subsidiary of the National Community Reinvestment Coalition (NCRC).

    NCRC CDF invests in affordable housing development and provides access to capital and business support services nationwide. We leverage our cultural competencies in support of small business sustainability and access to affordable housing across the country with an emphasis on Black, Latino, and low-income communities.

    Position Overview

    NCRC CDF is seeking an exceptional and detail-oriented Credit Analyst Specialist to manage and oversee a high volume of small business and affordable housing loans. The ideal candidate will be an adept multi-tasker, goal-driven, and highly focused on ensuring loans are serviced accurately and timely. This role requires close collaboration with financial professionals and clients to maintain the integrity of loan servicing, payment processing, and account updates.

    The Credit Analyst Specialist will also be responsible for analyzing loans, preparing credit analysis for the loan committee, and conducting annual credit reviews. They will write credit memos and summaries with recommendations for loan officers. Additionally, the manager will track, analyze, and manage non-performing, underperforming, and delinquent loans, ensuring delinquency rates stay within policy standards.

    Location

    This position is based in Washington, DC near McPherson Square Metro as part of a hybrid environment with Tuesdays, Thursdays, and sometimes Wednesdays in the office.

    Responsibilities

    • Loan Management: Set up and maintain files for small business and affordable housing loans
    • Payment Processing: Ensure timely and accurate processing of loan payments
    • Account Monitoring: Update insurance coverage, and account statuses, and track loan performance
    • Customer Service: Address borrower inquiries, resolve servicing issues, and provide account-related information
    • Credit Analysis & Reporting: Perform loan analysis, prepare credit reports, and present findings to the loan committee
    • Annual Loan Reviews: Conduct annual credit reviews and prepare memos with recommendations for loan officers
    • **Client Relationship Management & Customer Service: **Maintain strong client relationships by providing exceptional customer service throughout the loan process.
    • **Financial Analysis & Loan Structuring: **Spread financial information, calculate and analyze financial ratios, assist in loan structuring, and contribute to loan approval, renewal, and annual review documentation
    • **Credit Risk Assessment & Compliance: **Research and assess credit risk by evaluating credit history, analyzing credit data, recommending loan ratings, approving or denying loan modification requests, and ensuring adherence to loan policies
    • **Collateral Inspections & Appraisals: **Conduct collateral inspections, evaluations, and reviews of appraisals to ensure compliance with required standards
    • **Tracking & Documentation: **Oversee the tracking and timely request of necessary customer financial reporting documents to ensure ongoing loan monitoring
    • **Reporting & Compliance Monitoring: **Prepare and submit monthly/quarterly reports and monitor compliance with loan covenants, identifying non-compliance and recommending corrective actions as needed
    • **Credit Analysis & Risk Rating Recommendations: **Perform detailed analyses of new credit requests, credit change requests, renewals, and annual relationship reviews. Recommend risk rating adjustments based on thorough credit assessments
    • **Credit Analysis & Service Delivery: **Provide comprehensive and actionable credit analysis, ensuring efficient and timely service to loan officers and stakeholders
    • **Risk Identification & Reporting: **Report to the Risk Manager any findings that may adversely affect loan collateral or a borrower’s ability to repay the loan, submitting required reports as necessary
    • **Policy Adherence & Exception Reporting: **Maintain up-to-date knowledge of lending policies and procedures, identifying and reporting any exceptions to policy
    • **File Review & Quality Control: **Ensure all credit files are complete, identify any documentation deficiencies, and collaborate with loan officers and credit administration to resolve issues promptly

    Qualifications

    • 3-5 years of loan servicing and portfolio management experience
    • Experience with financial spreading tools

    Knowledge, Skills, and Attributes

    • Strong ability to understand and analyze financial data, including Balance Sheets, Income Statements, Cash Flow Statements, Financial Ratios, etc., and apply these skills effectively within the loan underwriting process
    • Highly organized, efficient, and capable of working independently with attention to detail to generate accurate reports
    • Applied knowledge of loan servicing and portfolio management, including an understanding of industry best practices and fundamentals
    • Strong grasp of basic financial principles and processes
    • Knowledge of federal, state, and local regulatory requirements governing loan servicing and underwriting
    • Ability to handle confidential information with integrity and professionalism
    • Exceptional analytical skills with a keen eye for detail
    • Excellent communication, negotiation, and interpersonal skills, with the ability to interact effectively with internal and external stakeholders
    • Capacity to multitask and perform under pressure to meet tight deadlines
    • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) with advanced expertise, and familiarity with additional software tools

    How to Apply

    Interested applicants may submit their cover letter and resume online at https://ncrc.org/careers/. No phone calls/emails, please.

    NCRC IS AN EQUAL-OPPORTUNITY EMPLOYER.

    EEO/AA

    M/F/D/V