Credit analyst / credit analyst

National Community Investment FundJob DescriptionJob Title:

Sr Credit Analyst

/ Credit AnalystReports to: VP of Lending and NMTCNational Community Investment Fund (NCIF; www.ncif.org) is an impact investor and national nonprofitCommunity Development Financial Institution (CDFI) formed in 1996 with a mission to increase access toresponsible financial products and services in underserved communities.NCIF focuses on impact generation across economic opportunity, racial justice and environmental justiceissues. Total assets under management at NCIF are around $260 million, including a balance sheet ofapproximately $78 million and $183 million of New Markets Tax Credits (NMTC) allocations as of July 31, 2024.In 2019, NCIF launched a $30 million Credit Strategies Fund for lending and has recently raised $18 million ofdebt capital as of July 2024 to support growth and impact. NCIF meets its mission via the followingcomplementary lines of businesses:Equity Investing:

We invest in/lend with mission-oriented financial institutions (CDFI banks, minority banks,CDFI loan funds and others) with equity, debt and deposits investments. NCIF is the largest investor in CDFIbanks with investments in 17 institutions (>10% of sector). Selectively NCIF will invest in financial and greentechnology corporations that are mission aligned.New Market Tax Credit deployment:

We have received $401 million in NMTC allocations and aredeploying it into nonprofit and for-profit impact-oriented operating companies and real estate such as,health care facilities, and schools.Lending:

NCIF is building a portfolio of loans that are focused on supporting businesses, housingcommunities, education, healthcare and other sectors that are mission aligned. To further that reach, weare launching a platform to originate and syndicate loans among the NCIF Network of Banks. We havealso launched an initiative to lend to greenhouse gas reduction projects that are aligned with the EPAgoals around (a) net-zero buildings (b) zero-emission transportation and (c) alternative energy source(i.e. solar) in underserved communities nationally.Impact measurement

is the foundation of NCIF’s work and supports all our business lines. NCIFpioneered the use of Social Performance Metrics (www.bankimpact.org) and is developing a LargeLanguage Model/Generative AI based Data Analytics Platform to catalyze additional capital to thesector.

Responsibilities:The commercial credit underwriter/credit analyst is part of the Lending and NMTC teams thatoriginates/participate in loans to real estate and operating companies, nationally. Responsibilities include:Perform Underwriting and Financial Analysis on NMTC and LoansGather data and perform due diligence on the borrowers/guarantor, including economic/industry assessments.Spread financial statements and create operating projections to perform financial statement analysis, cash flow analysis, repayment analysis, risk, and mitigant assessment.Analyze borrowers’ budgets and projections to assess and stress test debt service capacity.Assist in credit write-ups and presentations at loan committee.Assist in assessment of collateral.Input data into loan management system, as needed.Special projects as determined by Head of Department.Asset ManagementAnnual reviews of borrowers/guarantors including evaluation of risk ratings.Monitor projects during construction, including review of third-party construction reports, construction draws and budgets.Ensure that all transactions comply with the terms of legal agreements and cash flows are consistent with financial projections. Ensure compliance of all covenants and conditions.Support control/loan servicing departments with post close monitoring/reporting.Qualifications:Passion for community development and for improving the lives of individuals in underserved communities.Bachelor’s degree (or comparable work experience), preferably in Business, Accounting or Finance.2 - 7 years of experience with credit underwriting/financial analysis. Candidates with more relevant experience will be considered in a more senior capacity.Experience in banking, CDFI, NMTC or lending departments and nonprofit organizations would be a plus.Demonstrated understanding of credit and financial analysis, with formal credit training a plus.Strong attention to detail and analytical skills. Proficiency in MS Office with strong expertise in MS Excel.Ability and willingness to work in an entrepreneurial organization positioned to grow.Ability to work on multiple projects simultaneously. Demonstrated oral and written presentation skills.Ability to work and communicate to varying levels of business stakeholders and technical teams.Preference to candidates who are residents of Chicago, work on a hybrid schedule or are willing to relocate.NCIF is an equal opportunity employer and provides equal treatment and opportunity to all persons without regard to race, color, religion, national origin, sex, age, disability, veteran status or sexual orientation except where such distinction is required by law. NCIF has a hybrid schedule with part remote/in-office work schedules. Preference will be given to candidates who are residents of Chicago or are willing to relocate.Please send cover letter and resume to

administration@ncif.org

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