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.

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Working at Enterprise

At Enterprise youll 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. Youll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where youre valued and supported in your growth journey.

Enterprise offers career opportunities in our offices across the country with anexceptional benefits package.

Job Description Summary

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 particular the Credit Analyst will provide support to Loan Funds operations by working closely with the Loan Funds 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 bachelors 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 $75000-$92000. 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 companys 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.

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