The Loan Analyst (LA) assists in the underwriting of affordable housing and community development loan transactions and works to ensure excellent and efficient delivery of service to prospective borrowers and Underwriting team members. The LA supports the Underwriting team as loans move through the underwriting process, including writing transaction summaries, spreading and analyzing borrower and/or guarantor financial statements, extracting appropriate information from third party reports, and researching issues as needed.
Essential Duties and Responsibilities:
- Prepares, evaluates and updates the preliminary financial proformas and cash flow models for potential real estate loans.
- Monitors submission of due diligence items and populates loan folders in accordance with Cinnaire Lending’s standard file architecture and document naming system. Coordinates with Cinnaire’s equity underwriting team to share due diligence materials when appropriate.
- Sets up the appropriate credit memo template and populates basic transaction information from the term sheet and initial due diligence documents. Under the guidance of an underwriter, performs initial analysis of the financial strength and capacity of the borrower, sponsor, guarantor, and other members of the project team.
- Reviews and extracts appropriate information from third party reports and conducts independent research as needed.
- Attends borrower calls with the underwriter and captures notes and follow-up items.
- Writes standard sections of the credit memo as assigned by the underwriter, to include borrower and project narratives and development team bios.
- Maintains the integrity and accuracy of data in Cinnaire’s pipeline system throughout the underwriting process.
- Assists the underwriting team in developing and maintaining productive relationships with borrowers and third-party service providers.
Qualifications and Skills:
- Bachelor’s Degree in Finance, Economics, Business, or Real Estate/Urban Planning.
- Strong Microsoft Office Suite skills (Word, Excel, Outlook, etc.) required.
- Ability to interpret nonprofit, for-profit, or personal financial statements.
- Ability to interpret a standard project proforma.
- Strong organizational skills and attention to detail with the ability to manage multiple projects simultaneously.
- Prior experience in a Credit Analyst position, or an Underwriting position in a related field preferred.
- Prior experience and/or knowledge of financial programs and products designed to support affordable housing or community/economic development is a plus but not a requirement. Such programs could include Low Income Housing Tax Credits, New Market Tax Credits, Federal and State Historic Tax Credits, block grant programs, or GSE lending.
- Valid driver’s license.
- Analysis to Synthesis: Interprets data and information from multiple sources and translates it into coherent messages that inform decisions.
- Intellectual Agility: Can flex and adapt thinking skills to meet the needs of different situations and circumstances. Doesn’t limit problem solving to one approach or methodology.
- Resource Optimization: Applies knowledge of internal structures and existing talent to accomplish a goal.
- Insight to Action: Acts on conviction and advances from concept to implementation toward a goal. Draws upon knowledge and professional judgement to orchestrate the steps required to get results.
Reporting Relationship: Reports to Director, Loan Underwriting
Supervisory Relationship: None
- Ability to work on a computer for extended periods of time.
Travel Required: 15%Apply