Sr Credit Analyst

1 month ago

chicago, United States National Community Investment Fund Full time

National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities.

NCIF focuses on impact generation across economic opportunity, racial justice and environmental justice issues. Total assets under management at NCIF are around $260 million, including a balance sheet of approximately $78 million and $183 million of New Markets Tax Credits (NMTC) allocations as July 31,2024. In 2019, NCIF launched a $30 million Credit Strategies Fund for lending and has recently raised $18 million of debt capital as of July 2024 to support growth and impact. NCIF meets its mission via the following complementary lines of businesses:


1.      Equity Investing: We invest in/lend with mission-oriented financial institutions (CDFI banks, minority banks, CDFI loan funds and others) with equity, debt and deposits investments. NCIF is the largest investor in CDFI banks with investments in 17 institutions (>10% of sector). Selectively NCIF will invest in financial and green technology corporations that are mission aligned;

 

2.      New Market Tax Credit deployment: We have received $401 million in NMTC allocations and are deploying it into nonprofit and for-profit impact-oriented operating companies and real estate such as, health care facilities, and schools.

 

3.      Lending: NCIF is building a portfolio of loans that are focused on supporting businesses, housing communities, education, healthcare and other sectors that are mission aligned. To further that reach, we are launching a platform to originate and syndicate loans among the NCIF Network of Banks. We have also launched an initiative to lend to greenhouse gas reduction projects that are aligned with the EPA goals around (a) net-zero buildings (b) zero-emission transportation and (c) alternative energy source (i.e. solar) in underserved communities nationally.

 

4.     Impact measurement is the foundation of NCIF’s work and supports all our business lines. NCIF pioneered the use of Social Performance Metrics (www.bankimpact.org) and is developing a Large Language Model/Generative AI based Data Analytics Platform to catalyze additional capital to the sector.

 

 

The commercial credit underwriter/credit analyst, is part of the Lending and NMTC teams that originates/participate in loans to real estate and operating companies, nationally. Responsibilities include:

Performs Underwriting and Financial Analysis on NMTC and Loans


·      Gather data and perform due diligence on the borrowers/guarantor, including economic/industry

Assessments

·      Spread financial statements and create operating projections to perform financial statement

·      analysis, cash flow analysis, repayment analysis, risk, and mitigate assessment.

·      Analyze borrowers’ budgets and projections to assess and stress test debt service capacity.

·      Assist in credit write-ups and presentations at loan committee.

·      Assist in assessment of collateral.

·      Input data into loan management system, as needed.

·      Special projects as determined by Head of Department.

 

Asset Management

 

·      Annual reviews of borrowers/guarantors including evaluation of risk ratings.

·      Monitor projects during construction, including review of third-party construction reports, construction draws

and budgets.

·     Ensure that all transaction comply with the terms of legal agreements and cash flows are consistent with financial

projections. Ensure compliance of all covenants and conditions.

·      Support control/loan servicing departments with post close monitoring/reporting.

 

 

Qualifications:

 

·      Passion for community development and for improving the lives of individuals in underserved

communities.

·      Bachelor’s degree (or comparable work experience), preferably in Business, Accounting or Finance.

·      2 - 7 years of experience with credit underwriting/financial analysis. Candidates with more relevant

experience will be considered in a more senior capacity.

·      Experience in banking, CDFI, NMTC or lending departments and nonprofit organizations would be a

plus. Demonstrated understanding of credit and financial analysis, with formal credit training a plus.

·      Strong attention to detail and analytical skills. Proficiency in MS Office with strong expertise in MS

Excel.

·      Ability and willingness to work in an entrepreneurial organization positioned to grow.

·      Ability to work on multiple projects simultaneously. Demonstrated oral and written presentation

       skills.

·      Ability to work and communicate to varying levels of business stakeholders and technical teams.

·      Preference to candidates who are residents of Chicago, work on a hybrid schedule or are willing to

Relocation.

 

 

NCIF is an equal opportunity employer and provides equal treatment and opportunity to all persons without regard to race, color, religion, national origin, sex, age, disability, veteran status or sexual orientation except where such distinction is required by law. NCIF has a hybrid schedule with part remote/in-office work schedules. Preference will be given to candidates who are residents of Chicago or are willing to relocate.

 

Please send cover letter and resume to careers@ncif.org

 

 

 

 

  • Sr Credit Analyst

    2 months ago

    chicago, United States National Community Investment Fund Full time

    National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities. NCIF focuses on impact generation across economic opportunity, racial justice and...

  • Sr Credit Analyst

    2 months ago

    Chicago, United States National Community Investment Fund Full time

    National Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofit Community Development Financial Institution (CDFI) formed in 1996 with a mission to increase access to responsible financial products and services in underserved communities. NCIF focuses on impact generation across economic opportunity, racial justice and...

  • Sr. Financial Analyst

    2 days ago

    Chicago, United States Robert Half Full time

    Job DescriptionJob DescriptionWe are offering an engaging opportunity for a Sr. Financial Analyst in the manufacturing industry. The position is based in CHICAGO, Illinois, 60631-3515, United States. This role provides a contract to permanent employment opportunity. As a Sr. Financial Analyst, you will be managing financial processes and ensuring accurate...

  • Senior Credit and Collections Analyst

    1 month ago

    Chicago, Illinois, United States GOGcG Full time

    About the Role:Genuine Cable Group (GCG) is seeking a highly skilled Sr Credit & Collections Analyst to join our Finance team. As a key member of our team, you will be responsible for managing a portfolio of customer accounts in Accounts Receivable, assigning credit parameters, collecting amounts due to GCG, and expediting dispute resolution.Key...

  • Credit Analyst

    1 week ago

    Chicago, United States Uline Full time

    Credit Analyst Corporate Headquarters 12575 Uline Drive, Pleasant Prairie, WI 53158 Join our growing Finance team as a Credit Analyst evaluating financial health of a loan applicant, preparing reports, making credit decisions and recommending credit limits to our customers. Better together! This position is on-site, and we are looking for people who share...

  • Sr Credit

    4 weeks ago

    Chicago, United States GCG Full time

    Overview Join a fast-growing company that will value and leverage your B2B accounts receivable, finance, and customer relationship experience! GCG (Genuine Cable Group) is hiring a Sr Credit and Collections Analyst for our Finance team. In this role, you will manage a portfolio of customer accounts in Accounts Receivable to assign credit parameters, collect...

  • Credit Analyst

    3 weeks ago

    Chicago, United States Uline Full time

    Credit AnalystCorporate Headquarters12575 Uline Drive, Pleasant Prairie, WI 53158Join our growing Finance team as a Credit Analyst evaluating financial health of a loan applicant, preparing reports, making credit decisions and recommending credit limits to our customers.Better together! This position is on-site, and we are looking for people who share our...

  • Senior Credit Analyst

    1 month ago

    Chicago, Illinois, United States R06_DBRSInc DBRS, Inc. - US Legal Entity Full time

    About the RoleMorningstar DBRS is seeking a highly motivated individual to join its Commercial Mortgage-Backed Securities (CMBS) team as an Analyst. The successful candidate will serve as a support analyst for lead analysts and team leads for Morningstar DBRS rated transactions or entities, including CMBS, real estate investment trust, and real estate...

  • Sr. Commercial Credit Analyst with Career Path to Lending Officer

    4 weeks ago

    Chicago, United States Devon Bank Full time

    You will provide lending officers direct support in the analysis of financial information of current and prospective borrowers, preparation of loan presentations and the monitoring of certain collateral. Additionally, you will assist in training our Lending Officer, Credit Analyst, Lending, Officer, Commercial, Analyst, Banking, Business Services

  • Sr. Data Analyst

    3 weeks ago

    Chicago, United States Procom Full time

    BMO is currently sourcing for a Sr. Data Analyst position on a 12-month contract. Summary of Role: Sr. Data Analyst role in Business Intelligence at BMO, based in Chicago with a hybrid work model, supporting EMM/MM/LMM strategic project for legacy data migrations. Project: EMM/MM/LMM strategic project for legacy data migrations to BMO platforms. Years of...

  • Credit Analyst

    3 weeks ago

    chicago, United States HSBC Full time

    Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world –...

  • Credit Analyst

    1 month ago

    Chicago, United States HSBC Full time

    Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world –...

  • Credit Analyst

    1 month ago

    chicago, United States HSBC Full time

    Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world –...

  • Commercial Auto Central Region

    4 weeks ago

    Chicago, United States Wells Fargo Full time

    Research complex financial, company, and credit information for commercial businesses according to business unit standards. Assist with credit analysis, industry and business risk analysis, financial modeling and projections, and loan documentation r Credit Analyst, Commercial, Portfolio Manager, Relationship Manager, Analyst, Credit, Business Services

  • Structured Finance

    4 weeks ago

    Chicago, United States Fitch Group Full time

    At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and...

  • Private Credit Analyst or Associate

    1 month ago

    chicago, United States Selby Jennings Full time

    A leading private investment firm with ~$12B AUM is looking to add a Private Credit Analyst or Associate to the team in Chicago, IL. The Private Credit Analyst/Associate will invest across direct lending and special opportunities strategies and will be responsible for evaluating new investment opportunities, structuring and executing private investments, and...

  • Private Credit Analyst or Associate

    1 month ago

    chicago, United States Selby Jennings Full time

    A leading private investment firm with ~$12B AUM is looking to add a Private Credit Analyst or Associate to the team in Chicago, IL. The Private Credit Analyst/Associate will invest across direct lending and special opportunities strategies and will be responsible for evaluating new investment opportunities, structuring and executing private investments, and...

  • Private Credit Analyst or Associate

    1 month ago

    Chicago, United States Selby Jennings Full time

    A leading private investment firm with ~$12B AUM is looking to add a Private Credit Analyst or Associate to the team in Chicago, IL. The Private Credit Analyst/Associate will invest across direct lending and special opportunities strategies and will be responsible for evaluating new investment opportunities, structuring and executing private investments, and...

  • Structured Finance

    3 weeks ago

    Chicago, United States Fitch Group Full time

    At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and...

  • Senior Analyst, SAP EDI

    1 week ago

    Chicago, United States Lactalis American Group Full time

    DescriptionJOB TITLE: Senior Analyst, SAP EDI REPORTING TO: Manager, SAP EDI LOCATION: Chicago, ILLactalis Heritage Dairy is currently seeking candidates to join our team in Chicago! Lactalis Group, the world leader in dairy, is a family-owned business with more than 85,000 pragmatic and ambitious professionals worldwide, committed to providing healthy...