Director, Community Development Underwriting

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🏄 California, New York, +3 more states – Remote

🏄 California – Remote 🗽 New York – Remote 🦀 Maryland – Remote 🍂 Massachusetts – Remote ⚔️ Virginia – Remote

💵 $118.5k - $182k / year

⏰ Full Time

🔴 Lead

📋 Underwriter

👻 Ghost score 3%

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Capital Impact Partners

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 1982

💼 Consulting

🏥 Healthcare

🍽️ Food & Beverage

Consulting • Healthcare • Food & Beverage

Capital Impact Partners is a mission-driven community development financial institution that provides flexible and affordable capital to nonprofits, entrepreneurs, and organizations in underserved markets. The company focuses on building healthy, inclusive, and equitable communities by offering a range of financial services, including lending programs, impact investments, and capacity-building initiatives. Capital Impact Partners aims to support local leaders and entrepreneurs in creating jobs and economic opportunities, reducing food insecurity, improving community health, and expanding employee ownership. They are part of the Momentus Capital family and take a place-based approach to investing in communities, co-creating financial services to foster self-determination and equity.

📋 Description

• Oversee loan underwriting functions and the full lifecycle of new originations • Guide restructuring and workout analysis for existing borrowers in alignment with organizational risk appetite • Manage a team of commercial underwriters supporting Community Development Lending originations and existing portfolio borrowers • Lead underwriting of complex transactions from screening through closing • Evaluate transaction structure, risk/return, policy exceptions, mitigants and creditworthiness; recommend approval, modification, escalation or decline • Provide technical structuring guidance on risk mitigants, covenants, reserves, conditions and other structural matters • Serve as primary interface for underwriting processes and participate in deal, pipeline and credit office-hours discussions • Manage internal workflow and due diligence to close loans • Support strategic and tactical planning for CDL Origination, Credit and Risk teams • Conduct training, share lessons learned and collaborate with internal stakeholders and external peer CDFIs • Manage direct reports through 1:1s, coaching, training, goal setting and performance assessment • Hire staff and provide input on staffing and workforce planning • Oversee underwriting quality, compliance with policies, guarantees, credit enhancements and lending tools • Evaluate downside, stress, exit and recovery scenarios for existing and distressed borrowers • Review amendment memos, credit memos and credit analyses for completeness and quality • Challenge assumptions, projections, valuations, business plans, transaction structures and workout strategies • Identify early warning indicators and recommend strategies to improve borrower performance and mitigate financial exposure • Use portfolio performance, delinquency, modification, restructuring, charge-off and workout data to improve underwriting guidelines and transaction structuring • Oversee underwriting checklists, closing deadlines, workload allocation, service-level agreements and pipeline management • Partner with technology and operations excellence on automation, templates, process mapping, testing and process improvement • Maintain and update underwriting guidelines, procedures, policies and supporting materials • Support credit and risk special projects, new lending products and other functions as assigned • Support data integrity in accordance with organizational policies

🎯 Requirements

• Bachelor’s degree or advanced degree in business or public administration, finance or related field preferred; education level considered holistically with work experience • 10 years of advanced commercial and community development lending underwriting and/or lending experience • Experience with cash flow analysis, sensitivity analysis, stress testing, leverage and liquidity analysis, collateral and guarantor evaluation, risk ratings, debt service capacity assessment, collateral valuation, loan structuring and risk mitigations • Demonstrated experience exercising credit judgment and making or presenting recommendations on complex transactions, policy exceptions, restructuring and significant amendments and modifications • Minimum of three (3) years managing direct reports • Strong underwriting, credit risk management and impact area expertise • Strong written and verbal communication, management/coaching, process management, operational effectiveness, decision-making and analytical skills • Ability to maintain big-picture focus while attending to detailed work and providing thorough documentation • Ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines • Strong proficiency using Google, Microsoft Office, Adobe Acrobat, Salesforce and other loan origination systems • Ability to learn and adapt to a changing IT environment • Professionalism, diplomacy, composure and flexibility • Excellent communication and collaboration skills across all organizational levels • Strong loan compliance and risk management capabilities; sound judgment and ability to manage ambiguity, complexity and organizational financial exposure • Strong commitment to the Momentus mission • Previous Community Development Financial Institution (CDFI) experience is a plus • Must be legally authorized to work in the United States; company will not sponsor work visas

🏖️ Benefits

• May be eligible for an annual discretionary incentive