Calvert Foundation Job Opening: Underwriter

CALVERT FOUNDATION JOB OPENING
Underwriter – April 2007
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This position is based in Bethesda, MD and reports to the Director of Lending and Advisory Services.* The Underwriter will be responsible for the financial analysis and preparation of due diligence reviews for borrowers in the Calvert Foundation portfolio.
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About Calvert Foundation:
Calvert*Foundation, a non-profit 501(c)(3), is an innovative*industry leader in Community Investing, recently acclaimed by Fast Company as one of the Top 25 Groups Changing the World in 2006. Our work has been*profiled in leading publications like the Washington Post, Business Week, Crain’s Business and Fortune Magazine.* Calvert Foundation provides investment capital to non-profits that help people in disadvantaged communities to work themselves out of poverty.* Our mission is to maximize the flow of capital to communities in need, in order to foster a more equitable and sustainable society.* Our capital finances affordable housing, micro-businesses and essential community services.*
Calvert Foundation is a Community Development Financial Institution based in Bethesda, MD; and as of December 31, 2006 had assets of $144 million.* In the organization’s 11-year history, Calvert Foundation has invested more than $90 million in over 125 institutions working in community development finance throughout the United States and abroad. The Lending and Advisory Services team includes 7 investment professionals in addition to the Underwriter.* Calvert Foundation offers an excellent benefit package that includes medical, dental, life, 401(k), transportation subsidy, and more.* Calvert Foundation is legally a separate entity from Calvert Group, Ltd., the largest family of socially responsible mutual funds in the country.
About the Position:
Calvert Foundation is currently seeking an Underwriter to evaluate the financial condition of borrowers and prepare due diligence reviews for our loan portfolio, which includes non-profit CDFIs, Affordable Housing Developers and Loan Funds, International Micro-Finance Institutions, and Social Enterprises.
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Proposed Duties and Responsibilities:

• Prepares due diligence reviews of borrowers in the Calvert Foundation portfolio.
• Analyzes financial condition, operations and management of community development organizations.
• Prepares or oversees the preparation of financial spreads.
• Manages follow-up with borrowers related to due diligence reviews.
• Works with Investment Officers to present due diligence reviews and loan requests for approval by internal and external Investment Committees.

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Qualification, Skills and Required Experience:
<![if !supportLists]>·********************* <![endif]>Advanced degree in business, accounting and or finance; or equivalent experience
<![if !supportLists]>·********************* <![endif]>Significant experience in credit analysis and underwriting in a commercial or banking context
<![if !supportLists]>·********************* <![endif]>At least 3-5 years experience in credit analysis of CDFIs or MFIs
<![if !supportLists]>·********************* <![endif]>Expert knowledge of Microsoft Word, Excel and Access Database software
<![if !supportLists]>·********************* <![endif]>Ability to work independently, multi-task and prioritize competing demands.
<![if !supportLists]>·********************* <![endif]>Excellent communication skills
<![if !supportLists]>·********************* <![endif]>A “can-do” attitude, with strong problem solving skills
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Interested Candidates should forward a resume to jobs@calvertfoundation.org (jobs@calvertfoundation.org) with Underwriter in the subject line or mail to Calvert Foundation at 7315 Wisconsin Avenue, Bethesda, MD 20814 attn: Human Resources.

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