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Valley Economic Development Center
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.
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
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 email@example.com.
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.