Senior Credit Underwriter

PACE • Los Angeles, CA

1d • $85,000 - $105,000 • Onsite

About The Position

PACE is local community nonprofit organization founded in 1976 to provide job training and placement services for the Asian Pacific Islander communities in Los Angeles. PACE has since expanded into a variety of service areas, all tailored to meet the growing and changing needs of the multi-ethnic communities in Los Angeles County. Now, in addition to job training and employment services, significant PACE programs encompass: Business Development; Early Childhood Education (Head Start); Financial Education and Asset Building; Housing and Rehabilitation Services; Weatherization and Energy-conservation programs; and Affordable Housing Development. PACE serves more than 40,000 people each year with our wide scope of services with approximately 400+ staff. PACE is recognized as a leader in addressing problems of poverty and economic inequity in ethnic minority communities and has a reputation of being responsive to community needs and is known for creating innovative solutions to the myriad of challenges faced by our clients. PACE Finance Corporation (PFC) is seeking an experienced and highly motivated Senior Underwriter to join our Lending Team . Under the supervision and direction of the Loan Manager, the Senior Credit Underwriter will assist in the loan underwriting process, support loan guarantee assessments, and help with loan and servicing activities to ensure that all program performance outcomes and requirements are met and exceeded. The role may involve collaborating with other team members to meet performance outcomes, compliance standards, and lending program goals. When directed, the Senior Credit Underwriter may also act as a representative for the organization, helping to cultivate and maintain relationships with key stakeholders, partners, and community organizations. This is an excellent opportunity for individuals who are looking to grow their career in credit analysis and finance services within the nonprofit sector, while contributing to the organizations mission of serving underserved communities.

Requirements

• Minimum Bachelors Degree or equivalent in Business Administration, Finance, Economics or related.
• At least two years working experience in financial analysis, credit analysis, loan processing, or related financial services role.
• Familiarity with analyzing financial statements, tax returns, and other relevant financial documents.
• Strong attention to detail and analytical skills
• Proficiency in Microsoft Office Word, Excel, Outlook, etc.
• Excellent interpersonal, verbal and written communication skills
• Excellent organizational and time management skills, with the ability to handle multiple tasks and meet deadlines
• Demonstrated ability to multi-task and work in a fast-paced office setting
• Effective problem-solving and mediation skills
• Must pass employment and professional verification/reference check
• Must have reliable transportation
• COVID vaccination required; must have two-dose series of Pfizer or Moderna or a single-dose of Johnson & Johnson. Those that need a medical or religious exemption must reach out separately.

Nice To Haves

• Coursework or certifications in credit analysis, financial analysis, or related are a plus.
• Experience with small business lending or contract financing is a plus.
• Experience working in a nonprofit, CDFI, or community-focused financial institution is preferred but not required.
• Proficiency in customer relation management (CRM) software or loan management software preferred
• Bilingual skills highly desired

Responsibilities

• Perform underwriting for business loans, assessing risk, repayment ability, and compliance with lending policies.
• Analyze financial documents, prepare credit memos, and present loan cases to internal and external loan committees and incorporate feedback to facilitate informed decision-making.
• Support the development of new lending programs and provide input on program design and underwriting standards.
• Collaborate and prepare with loan counselors/manager to collect required post-loan financial reports and other documents to update loan files.
• Help monitor loan portfolios by tracking payment performance, reviewing borrower financials, and updating risk ratings were necessary.
• Identify potential problem loans and recommend action plans to mitigate risk and maintain portfolio health.
• Provide administrative support to the credit and loan processing team, such as maintaining borrower files and loan records.
• Ensure that borrowers files are organized and that all required documentation is up to date in the loan management system.
• Assist with loan disbursement and closing processes, verifying documents before disbursement.
• Assist in compiling data for internal and external reporting requirements, such as audits and annual city/state/federal reports.
• Represent the organization in borrower meetings, partnerships, and community engagements
• Provide technical expertise and support to internal teams to ensure smooth collaboration across lending programs.

Benefits

• Affordable and robust Medical, Dental, Vision, and Life insurance plans for employee plus family with generous employer contributions
• 401(k) retirement plan
• PTO, paid holidays, and sick leave

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 251-500 employees