Impact Finance Credit Officer (Community Development)

Local Initiatives Support Corporation; New York (NY); On-site; USD 88,537 - 110,671; Full time

Benefits offered by this job

Health insurance

Retirement plan (401(k))

Paid time off

Tuition assistance

Professional development opportunities

Job summary

Local Initiatives Support Corporation seeks a Credit Officer to manage loan pipelines, reviews, and approvals within the Lending Department. You will coordinate with finance and legal teams to ensure accuracy of memos, data, and compliance with underwriting standards, supporting timely closing of loans.

The role requires strong financial analysis, attention to detail and cross‑functional collaboration across national and local programs to advance community development finance goals.

Qualifications

• Bachelor's degree from an accredited college or university.
• Minimum three (3) years of job‑related credit analysis experience.
• Demonstrated interest in a career in community development finance.
• Strong financial analysis skills, including ability to analyze financial statements, project development budgets, and project operating pro formas.
• Familiarity with government subsidies and tax credit programs supporting affordable housing.
• Strong written skills and attention to detail.
• Excellent interpersonal skills and ability to work effectively across the LISC network of local and national programs and affiliates.
• Good organizational abilities, including ability to work independently and manage multiple assignments simultaneously.

Responsibilities

• Manage weekly Credit Committee materials and meetings. This also includes distributing credit packages, serving as secretary for the meetings, and ensuring credit requirements are reflected in the meeting notes and credit memos.
• Coordinate and manage the review of loans and amendments approved by the Chief Credit Officer.
• Support the review and approval of all loan requests from intake through closing, working closely with Lending, Finance, and Legal staff.
• Conduct internal outreach on maturing loans, circulate status updates, and coordinate the review and approval of all amendment requests.
• Review final drafts of credit memos and ensure that underwriting requirements have been satisfied and all requested information and analysis has been incorporated in the memos.
• Prepare loan approval notification letters after loans have been approved at Credit Committee or by the Chief Credit Officer.
• Ensure the completeness, accuracy and integrity of data entered in Salesforce and other loan systems and that all required approvals for new loans and amendments have been recorded.
• Under the supervision of the Senior Credit Officer, review and analyze requests for recoverable grant financing. Collaborate with responsible stakeholders to ensure alignment with organizational priorities and impact goals.
• Perform analysis on loan commitments and performance for ad hoc reports to senior management, including periodic reporting to ensure data integrity for LISC's impact metrics.
• Manage and update all credit policies and procedures including an underwriting manual.
• Serve as a back‑up to the Loan Support Specialist with regards to loan intake management and pipeline analysis.

Skills

Financial analysis

Credit analysis

Interpersonal skills

Organizational skills

Education

Bachelor's degree

Tools

Salesforce

Job description

Local Initiatives Support Corporation seeks a Credit Officer to manage loan pipelines, reviews, and approvals within the Lending Department. You will coordinate with finance and legal teams to ensure accuracy of memos, data, and compliance with underwriting standards, supporting timely closing of loans.

The role requires strong financial analysis, attention to detail and cross‑functional collaboration across national and local programs to advance community development finance goals.