Credit Analyst

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 $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – 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 offices across the country with an exceptional benefits package. Job Description 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, Loan Officers and Asset Managers 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 and Asset Managers 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, primarily acquisition and construction loans in New York City. 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, Loan Officers and Asset Managers 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; reviewing construction draw requests, managing construction budgets, and performing site visits. The Credit Analyst will be assigned to manage loans within structured funds and will be responsible for reporting to the Fund manager. Loan Underwriting & Modifications 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 and Asset Managers by performing tasks including but not limited to a thorough due diligence review and evaluation of various aspects of loan underwriting and/or modifications 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 and/or modify loans. Other Duties as Assigned From time to time, the Credit Analyst carries out other responsibilities as assigned such as assisting with data analysis for new programs and/or product initiatives, investor requests, capital funding applications, or other special requests as applicable. Qualifications/Skills Needed: At a minimum 3 years of work experience, and a bachelor’s degree in business, finance, real estate, urban planning, or related field is required. A graduate degree in business, finance, real estate, urban planning, or related field can substitute for 2 of the 3 years of required work experience. Experience in real estate-based or affordable housing finance, including credit analysis. Experience with construction lending and processes is desired. Proficiency in analyzing financial statements of nonprofit and for-profit organizations and real estate property operations (in particular, rental housing and community facilities). Experience with reviewing due diligence items required to close real estate transactions including but not limited to appraisals, environmental, and construction cost review reports. Knowledge of the loan closing process and loan documents utilized in real estate transactions. Familiarity with federal, state, and local government funding sources for construction, rehabilitation and operating needs of multi-family housing, special needs housing, and community facilities (e.g. LIHTC, HUD, NYC Housing, Preservation & Development, NYC Housing Development Corporation programs, etc.) desired. Experience working with both private sector financial institutions and public agencies. Excellent written and verbal communication skills are required. Strong computer aptitude skills, including knowledge of Microsoft Office Suite Programs are essential. Excellent skills in managing multiple tasks requiring strong attention to detail. Ability to work effectively in a team environment. Ability to travel. Salary Transparency You will be joining a team of talented professionals motivated by serving the community and addressing the need for affordable housing. Enterprise offers a comprehensive total rewards package for you and your family. The pay range for this position is $75,000-$92,000. The salary range represents the low and high end of what may be paid for this position. It is not typical for an individual to be hired at or near the top of the pay range, and compensation decisions may be influenced by a variety of factors, including skills, qualifications, experience, and location. Total Rewards at Enterprise This range is just one component of our total rewards package, which also includes annual performance bonuses and generous paid leave programs. Our benefits form a major part of the total rewards package. These include dental, health, and vision care plans, as well as family-building benefits such as adoption and surrogacy support. Enterprise supports flexible work arrangements to promote work-life balance and offers health advocacy, an Employee Assistance Program (EAP), and mental health benefits. We round out our package with financial education, wellness programs, and auto-enrollment in the company’s 401(k) plan with employer matching contributions. Finally, you will have access to learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team and contributing to our mission to serve others. #LI-JW1 #ID Enterprise Community Partners is a national nonprofit that exists to make a good home possible for the millions of families without one. Home is where life happens, where plans are made and futures begin. The foundation for dignity, health, education, wealth and community. Yet rents keep going up, paychecks don’t keep pace, and good homes in strong neighborhoods are increasingly out of reach. The system doesn’t work. It must be changed, and it must be changed by us. What We Do Everything we do is informed by the residents we serve: Support community development organizations on the ground Aggregate and invest capital for impact in homes and communities Advance housing policy at every level of government Build and manage communities ourselves Our Goals Together with our partners, we focus on the greatest need – the massive shortage of affordable rental homes – to achieve three goals: Increase the supply of affordable homes Advance racial equity after decades of systematic racism in housing Strengthen communities to be resilient to the unpredictable and make upward mobility possible Our Impact Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands – all to make home and community places of pride, power and belonging. We are here for impact. We are here for change. Join us. Enterprise is an Equal Opportunity Employer. We value a diverse workforce and strive to create an inclusive culture. Enterprise encourages and considers applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, disability, veteran status or any other characteristic protected by applicable law. Enterprise is committed to providing reasonable accommodations for individuals with disabilities to ensure full participation in the interview process and to perform essential job functions. Contact [email protected] to learn more. For all general inquiries please contact [email protected]. Apply tot his job