Commercial Credit Analyst II

The Commercial Credit Analyst II will serve as a primary underwriter for Locus’s real estate and small business lending activities in the Department of Underwriting. The position will support the Commercial Credit Analysis Manager with standard underwriting assignments, which include affordable housing, small business, and clean energy. The Credit Analyst II will have a solid credit background, preferably in commercial real estate or small business. The position is responsible for analyzing and assessing risk on various types of transactions, which are largely loans and lines of credit, as well as other innovative capital such as guarantees. 

Essential Duties and Responsibilities:

• Routinely completes credit analyses on loan transactions of varying sizes and complexities, and provides recommendations on the extension of credit.
• Underwrites loan transactions for Locus Bank, Locus Impact Fund, and Locus Capital.
• Serves as the primary analyst for the Bank’s annual review process, and underwrites the majority of annual renewals. 
• Spreads, analyzes, and interprets financial statements and other documents.
• Gathers data and performs due diligence on borrowers, guarantors, and sponsors, and completes financial, economic, market, and industry assessments.
• Identifies and describes the strengths and risks and mitigants, as well as other pertinent credit issues of respective deals.
• Completes written analyses including an independent credit assessment with a well-defined risk profile.
• Prepares credit memorandums for Committee approval, and will assist in the presentation of the request. 

Qualifications:

• 2-4 years of credit underwriting and financial analysis experience required, preferably in the community development field.
• Bachelor’s degree required from a 4-year college or university.
• Experience with financial statement spreading software.
• Experience with analyzing commercial, small business, and real estate loans.
• Experience underwriting community development financial institutions a plus.
• Clean energy underwriting experience a plus.
• Experience underwriting financial guarantees used to offset risk on various community development transactions a plus. 
• Proficient in Microsoft Word, Excel, PowerPoint, and Windows file management.
• Strong analytical, quantitative, and interpersonal skills required.
• Excellent verbal and written communication skills required.
• Well-developed organizational and decision-making skills.
• Ability to meet deadlines and handle multiple responsibilities simultaneously.
• Possess a solid understanding of accounting, financial statement analysis, and loan structuring.
• Maintain a thorough understanding of Locus’s credit policy as well as other internal policies and procedures.
• Commitment to engaging in a diverse, equitable, and inclusive work environment, with a particular focus on achieving equitable outcomes in our business development and products.
• Access to high-speed internet bandwidth and reasonable proximity to Locus or a major metropolitan airport.

Locus prefers applicants from East Coast states where business relationships have already been established, they include:  Virginia, New York, Florida, New Jersey, West Virginia, Georgia, North Carolina, Massachusetts and Pennsylvania. Considerations may be given to candidates from other established states such as Nebraska, Colorado, Montana, Kansas, Tennessee, and Missouri.

• Routinely completes credit analyses on loan transactions of varying sizes and complexities, and provides recommendations on the extension of credit.
• Underwrites loan transactions for Locus Bank, Locus Impact Fund, and Locus Capital.
• Serves as the primary analyst for the Bank’s annual review process, and underwrites the majority of annual renewals. 
• Spreads, analyzes, and interprets financial statements and other documents.
• Gathers data and performs due diligence on borrowers, guarantors, and sponsors, and completes financial, economic, market, and industry assessments.
• Identifies and describes the strengths and risks and mitigants, as well as other pertinent credit issues of respective deals.
• Completes written analyses including an independent credit assessment with a well-defined risk profile.
• Prepares credit memorandums for Committee approval, and will assist in the presentation of the request.