NCB CAPITAL IMPACT HAS AN IMMEDIATE OPENING FOR A LOAN ASSOCIATE IN THE OAKLAND, CA OR CRYSTAL CITY, VA OFFICE. QUALIFIED CANDIDATES CAN SEND RESUME TO ESTEWART@NCB.COM
|The purpose of this position is to analyze new exposures to existing and new borrowers as assigned. The candidate for the Loan Associate position should have previous basic financial analysis and some transaction underwriting experience, with formal and informal credit training and exposure to different types of deals and markets. The Loan Associate will gain sufficient credit and market experience to anticipate what the questions and risks are that need to be solved for and result in an appropriately structured transaction. Prior experience working with or underwriting a mix of for profit and not-for-profit businesses, particularly charter schools, community health centers, retail grocers and affordable housing organizations will be helpful but not necessary.|
|NCB Capital Impact’s markets and mission are unique in the level of patience and assistance borrowers may need in understanding the technicalities and requirements of borrowing. Passion for the organization’s mission and flexibility, combined with traditional financial analysis experience, will be needed to carry out the key tasks and responsibilities of this position. Since this position does not require a high degree of prior underwriting experience, Loan Associates will be provided with significant training and mentoring opportunities to help develop their skills.
1. New Loan Analysis (40%): Loan Associate will be proficient, or become proficient, in spreading financial statements in Moody’s, developing financial projections, and effectively communicating, in both written and verbal format, the assumptions and result of the analysis of financial performance, condition, cash flow and ability to repay per the loan terms. The Loan Associate, through some assistance and guidance, will also be able to identify loan risks and mitigants, evaluate borrower management, describe the scope of the project and its collateral. The Loan Associate should be able to accompany senior staff on site visits, be involved in borrower discussions, and attend appropriate conferences to become knowledgeable in the markets in which NCB Capital Impact lends.
|A bachelor’s degree in a business related field (accounting, finance, etc.), a working knowledge of computer business applications (word processing and spreadsheet), and an affinity for NCB Capital Impact’s mission and markets. 3-5 years of relevant hands-on
experience in credit underwriting, particularly in a CDFI setting, a plus, but not necessary.