Junior Small Business Loan Underwriter

Junior Small Business Loan Underwriter

Compensation: Renaissance offers a competitive salary with a comprehensive benefits package, recognition, and opportunities for professional growth. The salary range for this position is between $40,000 and $55,000, based on the candidate's depth of relevant experience. An annual bonus may be given based on organizational and individual candidate performances.

Position Summary: Reporting to the Lending Director, the Junior Small Business Loan Underwriter focuses on Renaissance's core lending service, which is our Small Business Loan Programs. Renaissance loan programs are tailored to the needs of small business owners and entrepreneurs for small or emerging businesses unable to obtain financing from mainstream financial institutions. Loan amounts range up to $100,000. This position requires a high level of technical expertise in due diligence, sound judgement and attention to detail with the ability to analyze complex information to assess credit risk, create appropriate loan structure, and ensure compliance with Renaissance Loan Policy and Procedures in an effort to mitigate loss, delinquency, and overall risk. The Junior Small Business Loan Underwriter will primarily serve clients in the NY Metro Region of New York City, Long Island, Mid-Hudson Valley, and New Jersey.

• Underwrite microloan transactions, including complete due diligence on all the documents submitted in the loan package, as well as evaluating business plan and related cash flow documentation.
• Evaluate application data including financial statements, bank statements, tax returns and business and personal credit reports.
• Prepare credit memorandum describing the business including detailed financial analysis and a credit recommendation for the review and approval of the loan committee.
• Prepare commitment letter and assist with loan closing.
• Prepare loan modification memos.
• Maintain loan data in Salesforce.
• Maintain close customer contact to ensure continued satisfaction and to anticipate additional financing needs.
• Participate in outreach and marketing of Renaissance products and services at different events.
• Follows policies and procedures, completes administrative tasks correctly and on time, supports organization's goals and values.
• Function independently and as a team player that collaborates with others and maintains a positive and proactive attitude.
• Ability to use creative thinking to find solutions to problems.
• High level of integrity and trust. Maintains the highest level of confidentiality with all information obtained.
• Meets expectations for attendance and punctuality.
• Willingness to do more than basic job requirements as assigned.

Qualifications:

• Bachelor's degree with a concentration in business administration, finance, or accounting preferred.
• 1+ years of working experience with small business lending or business counseling.
• Ability to quickly gain knowledge of local businesses and resources.
• Hands-on experience working with small business owners and/or low-income communities is a plus.
• Strong analytical, verbal, written, and interpersonal communication skills, with the ability to present information to a diverse customer base.
• Precise attention to details, excellent organizational, interpersonal and time management skills.
• Flexibility and adaptability in a fluid and rapidly changing environment.
• Commitment to the confidentiality of sensitive materials and information.
• Proven ability to multitask, work under pressure, and meet deadlines.
• Proficiency in Salesforce, Google applications, and Microsoft Office Suite (specifically MS Word and Excel).
• Bilingual skills in Chinese, Korean, or Spanish are highly desirable.
• Location Requirement: This is a hybrid remote position with an initial 3 months of on-site training.

How We Work: At Renaissance, we are committed to serving the communities we support with dedication and excellence. We are a results-driven organization focused on empowerment and impact. Our employees are accountable, pragmatic, innovative, and collaborative, with a strong commitment to community service and development. We embrace strategic thinking and a commitment to treating each other and the communities we serve with respect and dignity. We have an aptitude for technology and a strong desire to continuously learn. This philosophy expands to the way we manage our work and the way we put our best foot forward. Expectations for all staff:

• Support efforts that ensure a safe and healthy work environment.
• Appreciates the value of working collaboratively with individuals who bring a wide range of perspectives, experiences, and ways of thinking.
• An understanding of how systems and structures can affect people's opportunities and experiences in different settings.
• Maintain a positive, helpful attitude.
• Enjoy your time at work!

Who We Are: Renaissance's mission is to transform low-to-moderate income (LMI) communities and under-resourced entrepreneurs in our target markets by providing affordable small business loans, training, and counseling services. We serve the New York Metro Area, including New York City, Long Island, the Mid-Hudson Valley, and New Jersey. We are US Treasury certified Community Development Financial Institution (CDFI), Small Business Administration (SBA) Intermediary Microlender, and SBA Community Advantage (7a) lender.