Virginia Community Capital Inc
Commercial Credit Analyst III
Virginia Community Capital Inc, Richmond, Virginia, United States, 23214
About Locus:
At Locus, we know communities thrive when they have equitable access to capital. We collaborate with stakeholders across the community development ecosystem to invest in communities with strong aspirations, while addressing challenges like a shortage of affordable housing, limited access to fresh food, a lack of quality jobs, and clean energy innovation. We believe a capital system that centers community input and impact is essential to ensure that everyone, no matter their background, location, or economic status, can live in healthy, thriving places.
Locus is the parent organization for a family of community development enterprises, which includes a nonprofit CDFI loan fund, a CDFI bank, a fund management practice, and a national guarantee program. With offices in Christiansburg and Richmond, Virginia, Locus offers innovative and flexible financing tools and strategic consulting services to individuals and organizations in underestimated and excluded communities, most of which are low-to-moderate income. Alongside our many partners, Locus has generated over $2 billion dollars in total impact.
Locus is a nonprofit holding company regulated by the Federal Reserve. Locus Bank is an FDIC-insured, certified bank and B Corp offering products tailored to socially conscious investors. Locus Bank is a majority-owned subsidiary of Locus. Member FDIC. Equal Housing Lender. Learn more at www.locusimpact.org.
Position Overview:
The
Commercial Credit Analyst III
will assist the Department of Impact Banking in analyzing, structuring, and underwriting small business clean energy loans and affordable housing loans. This position requires client engagement and the willingness to maintain and grow customer relationships and underwrite loan renewals. Locus' clean energy lending program focuses on commercial projects ranging from $100,000 to $13 million. Affordable housing focuses on projects ranging from $500,000 to $13 million.
Essential Duties and Responsibilities: Conduct preliminary due diligence and underwriting to screen new loan opportunities. Duties include: Review and draw relevant conclusions from financial statements, budgets, project pro formas, and sources and uses statements to vet new loan opportunities. Use Excel to stress test project cash flows and ultimately size new loan opportunities. Work with the lender to assess the ultimate viability of the loan opportunity based on their knowledge of internal credit policy, providing input on loan structure. Assist loan officers with portfolio loan renewals. Duties include: Requesting relevant financial documents to process renewals. Conduct loan sizing based on current financial information and relevant loan terms. Ordering appraisal and other relevant due diligence items for loan renewals. For new loans and portfolio renewal loans, the Commercial Credit Analyst III will: Assist in preparing credit memos including both analytical and descriptive writing; assess risks of transactions' strengths and weaknesses, make recommendations and present to loan committee for approval. Attendance and participation at loan committee required. Maintain and grow borrower relationships to source new loan opportunities. Correspond with customers on a regular basis. Attend and participate in meetings between lenders and customers, whether virtual or in-person. Represent Locus in various public setting e.g., conferences and site visits. Requirements
Experience, Education, Certifications:
Minimum 3 years in commercial credit analysis, underwriting of commercial real estate loans, and strong foundational knowledge of commercial lending. No prior experience in clean energy lending is required. Prior customer relationship experience required as client engagement is a key element in this role. Ability to review and assess state clean energy policy and regulations and its impact on the risk of loan repayment. Ability to review and analyze pro-formas, operating projections, and financial statements. Ability to both prepare pro-formas and projections and analyze/manipulate those prepared by borrowers to conform to internal underwriting criteria. Ability to draw conclusions from financial and market data to make sound recommendations regarding loan conditions and requirements. Willingness to learn about the low-income housing tax credit program and various clean energy loan types such as community solar, commercial PACE, solar energy generating systems, power purchase agreements and SRECs. Bachelor's degree preferred from 4-year college or university. Candidate must live within the state of Virginia Computer/Technology:
Excellent Word, Excel, and Windows file management skills mandatory Strong technical experience with Salesforce or other CRM tools Demonstrated web research skills Familiarity with Outlook or similar network-based email and calendar software Extensive computer usage and Microsoft Teams communication Must be able to work independently in a stable remote environment Communication:
Ability to communicate verbally across all levels of the organization in a clear, concise and confident manner. Ability to write accurate, clear and organized communications, incorporating a range of information and analysis. Ability to document workflow and procedures. Compensation and Benefits:
$85,000 - $95,000 annual salary, depending on skills and experience Annual bonus opportunity 18-days of PTO per year 13-paid holidays per year Medical, dental, vision, short- and long-term disability insurance Life Insurance Paid Family Leave options 401k savings plan with employer match
Locus is an Equal Opportunity Employer. Locus does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or status as a veteran.
At Locus, we know communities thrive when they have equitable access to capital. We collaborate with stakeholders across the community development ecosystem to invest in communities with strong aspirations, while addressing challenges like a shortage of affordable housing, limited access to fresh food, a lack of quality jobs, and clean energy innovation. We believe a capital system that centers community input and impact is essential to ensure that everyone, no matter their background, location, or economic status, can live in healthy, thriving places.
Locus is the parent organization for a family of community development enterprises, which includes a nonprofit CDFI loan fund, a CDFI bank, a fund management practice, and a national guarantee program. With offices in Christiansburg and Richmond, Virginia, Locus offers innovative and flexible financing tools and strategic consulting services to individuals and organizations in underestimated and excluded communities, most of which are low-to-moderate income. Alongside our many partners, Locus has generated over $2 billion dollars in total impact.
Locus is a nonprofit holding company regulated by the Federal Reserve. Locus Bank is an FDIC-insured, certified bank and B Corp offering products tailored to socially conscious investors. Locus Bank is a majority-owned subsidiary of Locus. Member FDIC. Equal Housing Lender. Learn more at www.locusimpact.org.
Position Overview:
The
Commercial Credit Analyst III
will assist the Department of Impact Banking in analyzing, structuring, and underwriting small business clean energy loans and affordable housing loans. This position requires client engagement and the willingness to maintain and grow customer relationships and underwrite loan renewals. Locus' clean energy lending program focuses on commercial projects ranging from $100,000 to $13 million. Affordable housing focuses on projects ranging from $500,000 to $13 million.
Essential Duties and Responsibilities: Conduct preliminary due diligence and underwriting to screen new loan opportunities. Duties include: Review and draw relevant conclusions from financial statements, budgets, project pro formas, and sources and uses statements to vet new loan opportunities. Use Excel to stress test project cash flows and ultimately size new loan opportunities. Work with the lender to assess the ultimate viability of the loan opportunity based on their knowledge of internal credit policy, providing input on loan structure. Assist loan officers with portfolio loan renewals. Duties include: Requesting relevant financial documents to process renewals. Conduct loan sizing based on current financial information and relevant loan terms. Ordering appraisal and other relevant due diligence items for loan renewals. For new loans and portfolio renewal loans, the Commercial Credit Analyst III will: Assist in preparing credit memos including both analytical and descriptive writing; assess risks of transactions' strengths and weaknesses, make recommendations and present to loan committee for approval. Attendance and participation at loan committee required. Maintain and grow borrower relationships to source new loan opportunities. Correspond with customers on a regular basis. Attend and participate in meetings between lenders and customers, whether virtual or in-person. Represent Locus in various public setting e.g., conferences and site visits. Requirements
Experience, Education, Certifications:
Minimum 3 years in commercial credit analysis, underwriting of commercial real estate loans, and strong foundational knowledge of commercial lending. No prior experience in clean energy lending is required. Prior customer relationship experience required as client engagement is a key element in this role. Ability to review and assess state clean energy policy and regulations and its impact on the risk of loan repayment. Ability to review and analyze pro-formas, operating projections, and financial statements. Ability to both prepare pro-formas and projections and analyze/manipulate those prepared by borrowers to conform to internal underwriting criteria. Ability to draw conclusions from financial and market data to make sound recommendations regarding loan conditions and requirements. Willingness to learn about the low-income housing tax credit program and various clean energy loan types such as community solar, commercial PACE, solar energy generating systems, power purchase agreements and SRECs. Bachelor's degree preferred from 4-year college or university. Candidate must live within the state of Virginia Computer/Technology:
Excellent Word, Excel, and Windows file management skills mandatory Strong technical experience with Salesforce or other CRM tools Demonstrated web research skills Familiarity with Outlook or similar network-based email and calendar software Extensive computer usage and Microsoft Teams communication Must be able to work independently in a stable remote environment Communication:
Ability to communicate verbally across all levels of the organization in a clear, concise and confident manner. Ability to write accurate, clear and organized communications, incorporating a range of information and analysis. Ability to document workflow and procedures. Compensation and Benefits:
$85,000 - $95,000 annual salary, depending on skills and experience Annual bonus opportunity 18-days of PTO per year 13-paid holidays per year Medical, dental, vision, short- and long-term disability insurance Life Insurance Paid Family Leave options 401k savings plan with employer match
Locus is an Equal Opportunity Employer. Locus does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or status as a veteran.