Senior Credit Underwriter – Nonprofit Lending
About The Position
We are seeking a highly analytical and detail-oriented Senior Credit Underwriter – Nonprofit Lending to evaluate nonprofit borrowers, assess repayment capacity, identify risk factors, and support financing recommendations across multiple lending partners. This role is ideal for someone with strong financial analysis skills who understands that nonprofit underwriting differs from traditional commercial lending and can evaluate both financial resilience and operational sustainability. The successful candidate will work closely with leadership, lenders, and borrowers to support transaction structuring and credit decision-making.
Requirements
- 5-8+ years of relevant experience in: Commercial lending Credit analysis SBA underwriting Nonprofit lending Specialty finance CDFI underwriting
- Strong financial statement analysis skills
- Ability to interpret nonprofit financials and Form 990 filings
- Strong Excel or Google Sheets capability
- Clear written and verbal communication
- Ability to manage multiple active opportunities simultaneously
- Comfortable working independently in a remote environment
- Ability to use Docusign, Salesforce, standard LOS systems (lending origination systems)
Nice To Haves
- Experience working with nonprofits, social enterprises, or mission-driven borrowers
- Familiarity with nonprofit accounting and revenue structures
- Exposure to lending platforms, fintech, or private credit environments
- Clear and reasoned judgment when presenting a credit decision, which must be defensible
- Strong attention to detail
- Proactive and ambitious
- Analytical mindset
- Clear and decisive communicator – communicate often and openly
- Comfortable in a fast-growth environment
- Able to manage multiple concurrent transactions without sacrificing analytical quality
- Comfortable multitasking
Responsibilities
- Analyze borrower financial information, including: Audited financial statements IRS Form 990 filings Internal management reports Budgets and financial forecasts
- Assess key credit indicators including: Liquidity Unrestricted net assets Operating performance Debt service capacity Revenue concentration Donor dependency Grant timing exposure Net Income trends
- Calculate and interpret: Debt service coverage ratios Days cash on hand Working capital trends Leverage ratios Operating reserves
- Evaluate financing requests for: Working Capital Term loans Bridge loans Lines of credit Receivables-backed facilities Revenue-based financing products
- Structure Term Sheets which include Loan amount Term Rates Repayment structure Collateral requirements Covenant considerations
- Prepare concise underwriting summaries and credit memoranda for: Internal review Lender presentation Credit discussions
- Assess and highlight: Revenue volatility Sector exposure Concentration risk Management considerations Liquidity pressure points
- Support matching borrower opportunities with lender appetite across: Banks Credit unions CDFIs Private credit partners
Benefits
- Competitive base salary
- Performance-based annual discretionary bonus
- Equity in the company (note: we are a post Series A company with a valuation of over $40 Million)
- Fully remote work environment
- Flexible working hours
- Unlimited PTO (subject to company policies) )
- Health, dental, and vision insurance
- Company philanthropic match up to $1,000 annually
- Growth opportunities within a rapidly expanding fintech company
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
