Credit Analyst

Enterprise Residential • Columbia, NY

6d • $75,000 - $92,000

About The Position

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. Join us at enterprisecommunity.org Working at Enterprise At Enterprise, you’ll 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. You’ll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you’re valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with an exceptional benefits package . Job Description Summary Reporting to the Director of Credit, the Credit Analyst is responsible for a variety of tasks associated with underwriting, closing, and asset management of loans. In particular, the Credit Analyst will provide support to Loan Fund’s operations by working closely with the Loan Fund’s Chief Credit Officer, Director of Credit, Loan Officers and Asset Managers to manage relationships with our customers and closely monitor the performance of assigned loans and the underlying project. Asset management tasks include but are not limited to covenant compliance, financial reporting, loan modifications, annual reviews, and assigned program management. In addition, the Credit Analyst will support the Loan Officers and Asset Managers by performing financial analysis of both for- and non-profit sponsors and/or borrowers, completing 3rd party report reviews, and performing site visits.

Requirements

• At a minimum 3 years of work experience, and a bachelor’s 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.
• 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.
• 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.

Nice To Haves

• Experience with construction lending and processes is desired.
• 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.

Responsibilities

• Asset Management The Credit Analyst will be responsible for managing a portfolio of loans, primarily acquisition and construction loans in New York City. In particular, the Credit Analyst will provide support to Loan Fund’s operations by working closely with the Loan Fund’s 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.

Benefits

• Enterprise offers a comprehensive total rewards package for you and your family.
• 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 company’s 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level