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Job Vacancy - NCB Capital Impact, Oakland, CA
Original message from: EStewart@ncb.coop
NCB CAPITAL IMPACT HAS THE FOLLOWING POSITION AVAILABLE IN THE OAKLAND, CA
PLEASE SEND RESUME TO RESUMES@NCB.COOP:
COMMERCIAL LOAN UNDERWRITER:
The Commercial Loan Underwriter will analyze new exposures to existing
and new borrowers as assigned. The candidate for this position will have
basic financial analysis and some transaction underwriting experience.
Over time and with exposure to different types of deals and markets, the
underwriter will gain sufficient experience to anticipate what the
questions and risks are that need to be solved for and result in an
appropriately structured transaction. Prior experience working with or
underwriting not-for-profit businesses, particularly charter schools,
community health centers and affordable housing organizations will be
helpful but not necessary.
NCB Capital Impact’s markets and mission are unique in the level of
patience and assistance borrowers may need in understanding the
technicalities and requirements of borrowing. Passion for the
organization’s mission and flexibility, combined with traditional
financial analysis experience, will be needed to carry out the key tasks
and responsibilities of this position.
New Loan Analysis (70%): Underwriter will be proficient, or become
proficient, in spreading financial statements in Moody’s, developing
financial projections, and effectively communicating, in both written
and verbal format, the assumptions and result of the analysis of
financial performance, condition, cash flow and ability to repay per the
loan terms. The Underwriter, through some assistance and guidance, will
also be able to identify loan risks and mitigants, evaluate borrower
management, describe the scope of the project and its collateral.
Underwriter should be able to accompany senior staff on site visits, be
involved in borrower discussions, and attend appropriate conferences to
become knowledgeable in the markets in which NCBDC lends.
Current Customer Reviews (10%): Underwriter should understand the NCB
Capital Impact risk rating system and be able to, with minimum
assistance, be able to complete annual loan reviews. Thorough reviews
require knowledge of the market segment, awareness of local political
and economic environment, discussions with borrower, and regular
calls/follow-ups with the borrower throughout the year.
Covenant Testing (10%): Underwriter will be responsible for evaluating
each borrower’s compliance with financial covenants set forth in loan
documents on a quarterly and/or annual basis. To do this, the
Underwriter will need to understand the technicalities of calculating
compliance and the significance of compliance or non-compliance.
Customer Interaction and Reporting (10%): Underwriter will be
comfortable and have experience in interacting with customers to
effectively communicate the needs of NCB Capital Impact and answer the
questions of the borrower. Underwriter will need to be able to document
calls, amendments, etc. in the Lotus Notes system and make sure that
servicers receive appropriate information for covenant tracking, etc.
Bachelor’s degree in a business related field (accounting, finance,
etc.), a working knowledge of computer business applications (word
processing and spreadsheet), and 1 to 3 years experience in a credit
analyst role. Completion of a formal credit program or commensurate
experience in a community development financial institution setting a