Senior Loan Acquisition Analyst

The Momentus Capital branded family of organizations - which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies - is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions. Our suite of products and services, experience, and scope will foster equitable job creation, wealth building, and economic mobility.

This summary is for the full-time Senior Loan Acquisition Analyst position, with no direct reports, working remotely, reporting to the VP of Credit.

The Senior Loan Acquisition Analyst will manage the company’s internal credit decision process and ensure product efficiency for the Impower (non SBA), Morgan Stanley, and any other SBA 504 First Trust Deed loan programs through prescreening and credit analysis of applications.  The Senior Loan Acquisition Analyst will perform similar analysis of applicants on new loan programs as they are launched.  The Senior Loan Acquisition Analyst is to maintain effective communication with Loan Officers, Loan Processors/Closers, CDC management, and Capital Sources to ensure timely loan decision process and ultimate funding of loan applications.

• Review loan request submissions for acceptability under the program specific (Morgan Stanley, Impower, New York Life (NYL), City First, and others) credit guidelines.   Assist the loan officer with pre-screening of property type, quality and location, working capital, business and personal cash flow, personal credit and debt to worth.  For Impower Loans, prescreen for New Market Tax Credit (NMTC) eligibility and Community Impact.
• Management of loan records within company software: Ventures.  Data input required including; summary of collateral, loan structure, SBA or NMTC eligibility, loan background, and operating company and affiliate background.  
• Assist loan processor with questions regarding loan file document collection.
• Create comparative spreadsheets using data from tax returns and financial statements.  Modify spread to reflect the proposed project, mortgages, and future operations.  Prepare consolidated financial statements using Ventures when necessary.
• Analyze spreadsheet for identification of positive and/or negative financial trends, transactions, or events that would have bearing on the future operations and financial health of the applicant company as relates to the proposed loan.
• Work with referral source, applicant or other appropriate party to obtain answers to credit questions and address potential weaknesses. 
• Decline applicants that do not meet program specific credit guidelines.
• Prepare written credit memoranda including a financial narrative for submittal to the specific capital source that is required to approve loans.  For Impower loans, prepare any required NMTC eligibility forms, prepare notices, and coordinate committee meetings.
• Present credit memoranda virtually and via email and address any credit questions from loan approvers to facilitate a loan decision.
• Communicate to internal and external parties regarding approval and funding timelines. Work with internal and external parties to resolve issues as they arise.
• Determine which documents are needed (Commitment Letter, Loan Referral Agreement, Master Purchase agreement, NMTC forms), prepare and/or circulate for signatures.  
• Order Appraisal reports when necessary. Complete initial review and coordinate submission of reports to third party review teams and manage any revisions required.
• Order Environmental reports when necessary. Review and approve reports, manage any revisions required, and order any additional supporting reports required.  For complex reports, may coordinate submission of report review to third party review teams.
• Collect & track deposits received for third party costs and coordinate vendor payments with CDC’s accounting staff.
• Assist Loan Closers in collection of documents needed to sign off on any credit related conditions.  Prepare credit memo amendments when loan structure or terms change post approval. 
• Confirm premium to be paid by capital source to referral source/selling lender, what loan fees are needed to collect along with any CDC referral fee (if necessary).
• Completion of Ventures loan log fields to assist CDC Management with assessing and monitoring turn times both internally and with the capital source to promote work flow efficiencies.
• Train/Cross Train credit analysts in the underwriting guidelines and processes of any of the loan products offered by CDC Direct Capital.
• During periods of high volume underwrite and prepare credit memorandums for SBA 504 2nd mortgages and send to respective loan committees for approval, if applicable.  . 
• Provide credit memo review and loan approval in the absence of Senior Management or as needed.  May act as the sole reviewer for loans (Morgan Stanley, NYL, City First) where CDC does not have balance sheet exposure.  For loans that do contain balance sheet exposure, Senior Acquisition Analyst may provide one of the required signatures with a Senior Manager providing the other. 

Requirements

• Minimum of 5 - 7 years of experience in commercial loan underwriting with experience underwriting transactions in excess of $3MM. 
• Bachelor’s degree in finance or accounting or equivalent experience in financial analysis for commercial lending.
• Familiarity with ordering & reviewing Appraisal and Environmental reports.
• Ability to underwrite different loan products (SBA & Non SBA).
• Experience working with loan brokers preferred.
• Proficiency with MS Office applications.
• Ability to prioritize, multi-task, and remain organized.
• Strong written and verbal communication skills. 

Benefits

The salary range for this position is $78,000- $104,000 and is eligible for an annual incentive/commission plan.

This role is remote, and is eligible for an annual incentive.

All employees must be legally authorized to work in the United States.  The Company will not sponsor applicants for work visas.

EEO: Momentus Capital is an equal opportunity employer committed to a diverse work force; and, as such, is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.