Credit Analyst

Urban Strategies, Inc; United States; Remote; USD 75,000; Full time

Job summary

A nonprofit organization is seeking a Credit Analyst to support its community loan fund. The ideal candidate will have a passion for financial justice and equity, with a strong background in finance and experience in credit analysis. This remote position involves client relations, loan packaging, and due diligence to ensure successful loan applications for BIPOC businesses.

Qualifications

• At least two years in finance or credit analysis.
• Experience in small business relations and loan packaging.

Responsibilities

• Interact with clients to ensure application progress.
• Analyze financials and assess credit risk.
• Maintain professional relationships with clients.

Skills

Communication

Attention to Detail

Analytical Skills

Adaptability

Education

Bachelor’s degree in finance

Bachelor’s degree in business administration

Bachelor’s degree in real estate

Tools

Microsoft Office

LoanWell software

Job description

Salary Range: $75,000.00 To $75,000.00 Annually

Title: Credit Analyst

Reports to: CDFI Director

Location: Remote

Employment Status: Full Time

Background:

Urban Strategies Inc. (USI) has strengthened its position in serving communities by expanding its community loan fund, the USI CDFI, to continue promoting stability, prosperity, and liberation. It is seeking a professional who is passionate about finance and community. While the two may seem at odds, this position with the current USI CDFI team will create opportunities for the organization to leverage its networks and resources to infuse much-needed capital for BIPOC emerging businesses.

The ideal candidate should be self-motivated, a team player, passionate about financial justice and equity, and possess a strong work ethic. Applicants must have a Bachelor's Degree in Accounting or Finance, with excellent communication, organizational, and analytical skills, and attention to detail. Prior experience in financial analysis is preferred. Applicants must be proficient with Windows, PC navigation, and software including Excel and Word.

Responsibilities Include:

1. Client Relations: The Analyst will interact with clients and team members to ensure application progress.
2. Loan Packaging: Collaborate with outreach teams and applicants to prepare required documents for loan applications.
3. Due Diligence: Manage collection and quality of loan documents, legal papers, and third-party reports.
4. Underwriting: Analyze financials, market conditions, appraisals, legal and environmental reports, and assess credit risk, ensuring conformance with USI CDFI guidelines.
5. Credit Approval: Assist in preparing credit memos and presentation exhibits for loan approval committees.
6. Customer Service: Maintain professional relationships with clients and partners, responding promptly to inquiries.
7. Loan System and Pipeline Management: Input transactions, manage reporting, and assist with application pipeline and impact reporting.

Education and Experience Required:

• Bachelor’s degree in real estate, urban planning, business administration, finance, or related fields, with introductory accounting knowledge.
• Experience in small business relations and loan packaging from application to closing.
• At least two years in finance, business or real estate lending, including credit analysis and documentation.
• Ability to analyze financial statements and understand basic accounting principles.
• Experience with tools promoting equity and liberation in financing.
• Familiarity with private sector and public agency financial operations.
• Basic knowledge of business law, contracts, collateral, and loan documents.

Skills Required:

• Proficiency in Microsoft Office and database software.
• Strong attention to detail and independent work skills.
• Excellent communication skills, adaptability, and task prioritization.
• Experience with LoanWell software is a plus.

About Urban Strategies Inc. (USI)

Urban Strategies Inc. is a nonprofit founded in 1978, dedicated to empowering residents in distressed urban neighborhoods. Our mission is to promote healthy, prosperous, and self-sufficient communities, focusing on creating mixed-income environments and supporting low-income residents. We collaborate with community organizations to enhance human capital and economic development.

Since 2020, as a CDFI loan fund, USI aims to propel Black, Brown, and Indigenous entrepreneurs toward prosperity by providing equitable capital to women and minority-owned businesses for contracting and development opportunities.