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Mission Investors Exchange shares career opportunities at member foundations, affiliate member organizations, and other partners. Find your next job and build a career in impact investing.

Position: 
Credit Analyst
Location: 
Richmond, Norfolk, or Christiansburg, VA
Organization Name: 
LOCUS Impact Investing
Application Deadline: 
Sunday, December 15, 2019

About the Organization

LOCUS is a nonprofit consulting firm and mission-driven registered investment advisor serving foundations looking to use more of their assets to promote prosperous, vibrant communities. At LOCUS, our mission is to guide and support foundations as they move from exploring the tool of local impact investing to unlocking meaningful, mission-driven assets to deploying those assets for catalytic community impact. Our team of economic development, former philanthropic staff and finance professionals work in partnership with our clients to deliver right-sized, resonant onramps to accelerate the deployment of place-based impact investments.
 

Position Description

LOCUS seeks a credit professional to support underwriting and portfolio management of the Community Investment Guarantee Pool (CIGP). CIGP is a new impact investing infrastructure designed to provide unfunded loan guarantees to financial intermediaries in the sectors of affordable housing, small business and climate solutions.
 
The Credit Analyst will support the Credit and Underwriting Manager with originating and monitoring loan guarantees. The ideal candidate will have a balanced perspective on credit risk as it relates to creating positive social impact. The position will be responsible for supporting the Credit and Underwriting Manager with the origination and ongoing management of guarantees.
 
Candidates should have credit administration experience in addition to knowledge of social impact metrics and tracking, specifically in the areas of affordable housing, small business and climate solutions. The candidate will need the ability to collect, track and analyze credit and social impact data. Position can be filled in either Richmond, Norfolk or Christiansburg.
 
Responsibilities:
  • Manage regular guarantee application rounds
  • Maintain a credit pipeline report of prospective, existing and approved guarantee applications
  • Work with the Credit and Underwriting Manager to evaluate guarantee applications for social impact and credit risk
  • Collect impact data to validate and monitor social impact of deployed guarantees
  • Collect credit data on outstanding guarantees to assess portfolio risk and performance
  • Draft and finalize effectiveness letters for underlying loan transactions on deployed guarantees
  • Prepare annual reports of outstanding guarantees, including but not limited to:
  • Risk Rating Report
  • Impact Report
  • Prepare quarterly loss report for Portfolio Parameter and Credit Committee (PAC)
  • In conjunction with Credit and Underwriting Manager, maintain guarantee exposure report for PAC; and other LOCUS credit related duties.
 

Candidate Requirements

  • Bachelor’s degree and 3+ years of relevant work experience in credit administration
  • Knowledge and experience in community development lending is a plus
  • Social impact investing a plus
  • Social impact data tracking and management a plus
  • Demonstrated ability to manage and support time-sensitive and complex projects
  • Excellent writing, verbal, and presentation skills are required, including a demonstrated knowledge of and experience in Microsoft Office
  • Strong interpersonal skills with demonstrated ability to manage and work in teams
  • Salesforce experience is a plus.

Compensation

$50,000 - $75,000
 

Application Instructions

 

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