Lending Analyst

Urban Redevelopment Authority of Pittsburgh•Pittsburgh, PA

3d•$55,000 - $60,000

About The Position

The Lending Analyst is vital to department’s loan origination and underwriting function. The Lending Analyst position is responsible for the execution of URA financing programs, including sourcing clients, underwriting loans, and portfolio management. An ideal candidate will have excellent communication skills, be passionate, driven, collaborative, and dedicated to furthering Pittsburgh’s economic vitality.

Requirements

Bachelor’s Degree in business administration, economics, or entrepreneurship
One (1) or more years of experience underwriting and presenting credit and risk analysis for direct lending and investment preferred
Excellent organizational skills and communication skills, including verbal, written and public speaking.
Computer proficiency in Microsoft Office suite products such as word, excel, and publisher.

Nice To Haves

Commercial underwriting experience in businesses and commercial real estate is preferred.
Experience using Salesforce, WordPress, or similar software a plus.

Responsibilities

Work with URA Business Services and partner organizations to widely promote loan programs across the city.
Create connections and source deal flow throughout the City of Pittsburgh.
Originate applications for financing, collect applicable information and documentation; analyze and underwrite the application; prepare and present loan proposals for internal and loan review committee review; close approved loans; and service the loan.
Coordinate teamwork among URA staff, entrepreneurs and small businesses, private funders, and others.
Work with the Manager of Business Lending and the URA’s Legal and Compliance staff to ensure that commercial loans and grants are originated in accordance with federal tax law, applicable underwriting guidelines, the Urban Redevelopment Authority’s program guidelines and all other applicable local/state and federal regulations and guidelines.
Monitor the financial performance of borrowers and as necessary recommend technical assistance and loan restructuring.
Facilitate URA façade program promotion, underwriting, and execution, as requested.
Prepare professional correspondence, credit memos, and other documentation.
Work with businesses to connect with resources and tools (both URA and non URA) including technical assistance.
Represent the Commercial and Business Lending Department and its programs to external partners and the public, as requested.
Complete other duties as assigned.
Work independently with general direction from the manager and director.