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Loan Underwriter

Valley Economic Development Center


Description
Under the general direction of the Director of the Program Manager, the Loan Underwriter is primarily responsible for the initial review and underwriting of all small business loans in accordance with the established philosophy, policies and procedures of the organization's Lending Department and the Loan Board.

Responsibilities:
Assist, as needed, in the marketing of the organization’s loan programs in the Tri-State New York region

Works with Business Development Officer in screening potential loan applicants

Analyzes credit reports, tax returns, financial statements and business plans to assess loan feasibility

Assists in the coordination of loan board/committee meetings

Researches, analyzes and makes written and verbal presentations of credit approval recommendations to loan board

Conducts Annual Performance Review and site visit of active borrowers.

Actively participates in the community outreach program as directed

Provides credit/underwriting support to Business Development Officer

Prepares and participates in weekly pipeline/status report meetings

Participates in the presentation of workshops, panels, etc… on behalf of the organization Customarily and regularly exercises independent judgment Other duties as assigned or needed

Qualifications:
Bachelors degree in related field or equivalent work experience of 3-5 years

3+ years of professional experience in loan packaging and financial analysis, preferably with a CDFI or similar organization

Strong knowledge in general business practices and business financing

Computer proficiency in spreadsheets and word processing in a windows environment Must have ability to develop proforma statements, cash flows and credit analysis Must have strong writing skills and communication skills Must have ability to work with clients from diverse cultural backgrounds

How TO APPLY:
Email your resume to jlee@vedc.org.

About Organization:
The Valley Economic Development Center, Inc. ("VEDC"), a certified Community Development Financial Institution ("CDFI"), is a nonprofit corporation whose mission is to provide financing assistance, management consulting, and training to entrepreneurs and small business owners.


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