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Senior Credit Underwriter
Senior Credit UnderwriterPacific Asian Consortium in Employment • Los Angeles, CA, US
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Senior Credit Underwriter

Senior Credit Underwriter

Pacific Asian Consortium in Employment • Los Angeles, CA, US
15 hours ago
Job type
  • Full-time
Job description

Compensation Range : $85,000 to $105,000 depending on experience plus excellent benefits

Full-Time, Non-exempt

  • This position is on-site 5 days a week in our DTLA Headquarter Office

ORGANIZATION BACKGROUND

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. https : / / pacela.org /

1) POSITION SUMMARY

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 organization's mission of serving underserved communities.

2) WORKING RELATIONSHIPS

  • Collaborate with loan and business counselors to gather necessary documentation for loan applications, assess borrower's financials, and support underwriting activities.
  • Work closely with servicing / closing team to ensure smooth loan servicing, payment tracking, and accurate maintenance of loan records post-disbursement.
  • Assist the credit underwriter in performing financial analysis, risk assessments, and preparing credit memos to evaluate loan applications.
  • Collaborate with portfolio analyst to monitor the performance of the loan portfolio, prepare risk classification reports, and ensure timely identification of potential issues.
  • Report directly to loan manager, providing support in credit analysis, reporting, and loan processing tasks.
  • 3) MAJOR RESPONSIBILITIES & DUTIES

  • Underwriting and Credit Analysis (60%)
  • 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.
  • Reports and Monitoring (20%)
  • 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 where necessary.
  • Identify potential problem loans and recommend action plans to mitigate risk and maintain portfolio health.
  • Administrative & Compliance Support (15%)
  • 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.
  • Stakeholder Engagement (5%)
  • 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.
  • 4) QUALIFICATIONS, EXPERIENCES, & SKILLS

    Education & Experience

  • Minimum Bachelor's Degree or equivalent in Business Administration, Finance, Economics or related. Coursework or certifications in credit analysis, financial analysis, or related are a plus.
  • At least two years working experience in financial analysis, credit analysis, loan processing, or related financial services role.
  • Experience with small business lending or contract financing is a plus. Familiarity with analyzing financial statements, tax returns, and other relevant financial documents.
  • Experience working in a nonprofit, CDFI, or community-focused financial institution is preferred but not required.
  • Skills & Abilities

  • Strong attention to detail and analytical skills.
  • Proficiency in Microsoft Office – Word, Excel, Outlook, etc.
  • Proficiency in customer relation management (CRM) software or loan management software preferred.
  • 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.
  • Bilingual skills highly desired.
  • 5) OTHER REQUIREMENTS

  • 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.
  • 6) APPLICATION PROCESS :

  • All applicants MUST upload resume AND complete online application on our website to be considered https : / / pacela.org / about / work-at-pace /
  • Applications will be reviewed on a rolling basis until positions have been filled.
  • 7) PHYSICAL DEMANDS

    These physical demands represent the requirements necessary for an employee to successfully perform the essential functions of the Credit Analyst role. Reasonable accommodations can be made to enable individuals with disabilities to perform the described essential functions. While performing the responsibilities of this position, the employee is regularly required to sit for extended periods, talk, and hear. The employee will frequently use their hands and fingers to operate a computer, handle documents, and perform data entry. The employee may occasionally be required to stand, walk, reach with arms and hands, and lift or move items up to 15 lbs. Vision abilities required by this job include close vision for reading documents and working on a computer.

    PACE Finance Corporation is a private not-for-profit corporation that provides employment, small business assistance, education, housing and other community services in the Los Angeles County and County areas. PACE Finance Corporation is an equal opportunity and affirmative action employer.

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    Senior Underwriter • Los Angeles, CA, US

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