Job Information
Enterprise Community Partners, Inc. Credit Analyst in Seattle, Washington
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $54 billion and created 873,000 homes across all 50 states - all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org. Working at Enterprise At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our with an. Job Description Summary Overview: Enterprise Community Loan Fund (ECLF) is a certified community development financial institution and a member of the Enterprise Family of Companies. Since its founding in 1982, Enterprise, our controlling entity, has raised and deployed more than $53B in equity, grants and loans to support low-income people and low-income communities including building or preserving nearly 662,000 affordable rental homes. For more information about enterprise, please visit our website at www.enterprisecommunity.com. Job Summary: Reporting to the Director of Credit, the Credit Analyst is responsible for a variety of tasks associated with underwriting, closing, and asset management of loans. In particular, the Credit Analyst will provide support to Loan Fund's operations by working closely with the Loan Fund's Chief Credit Officer, Director of Credit, and Loan Officers to manage relationships with our customers and closely monitor the performance of assigned loans and the underlying project. Asset management tasks include but are not limited to covenant compliance, financial reporting, loan modifications, annual reviews, and assigned program management. In addition, the Credit Analyst will support the Loan Officers by performing financial analysis of both for- and non-profit sponsors and/or borrowers, completing 3rd party report reviews, and performing site visits. Job Description Job Responsibilities: Asset Management The Credit Analyst will be responsible for managing a portfolio of loans. In particular, the Credit Analyst will provide support to Loan Fund's operations by working closely with the Loan Fund's Chief Credit Officer, Director of Credit, and Loan Officers to manage relationships with our customers and closely monitor the performance of the loan and underlying project. These tasks may include but not be limited to the following: providing financial analysis of existing borrowers/guarantors; completing portfolio reviews as assigned; completing recommendations for modifications; drafting simple modifications as requested; assisting with workout plans for trouble loans as necessary; reviewing loans for covenant compliance; and performing site visits. Loan Underwriting & Originations The Credit Analyst will be tasked with producing financial analysis of both for- and non-profit sponsors and/or guarantors. As requested, the Credit Analyst will support the Loan Officers by performing additional tasks including but not limited to a thorough due diligence review and evaluation of various aspects of loan underwriting such as evaluating feasibility and likelihood of repayment sources, appraisal reviews, construction cost reviews, property condition reports, environmental reports, and site inspections. As needed, the Credit Analyst may be requested to participate in the loan closing process by reviewing loan documents and/or due diligence items required to close loans. Other