Asian Americans for Equality · 1 day ago
Junior Small Business Loan Underwriter
New York, NY
Full-time
Hybrid
Entry Level
$40K/yr - $55K/yr
1+ years expAsian Americans for Equality is dedicated to transforming low-to-moderate income communities and under-resourced entrepreneurs by providing affordable small business loans, training, and counseling services. The Junior Small Business Loan Underwriter focuses on underwriting microloan transactions, evaluating application data, and ensuring compliance with loan policies to mitigate risk and support small business owners.
CommunitiesNon Profit
Responsibilities
Underwrite microloan transactions, including complete due diligence on all the documents submitted in the loan package, as well as evaluating business plan and related cash flow documentation
Evaluate application data including financial statements, bank statements, tax returns and business and personal credit reports
Prepare credit memorandum describing the business including detailed financial analysis and a credit recommendation for the review and approval of the loan committee
Prepare commitment letter and assist with loan closing
Prepare loan modification memos
Maintain loan data in Salesforce
Maintain close customer contact to ensure continued satisfaction and to anticipate additional financing needs
Participate in outreach and marketing of Renaissance products and services at different events
Follows policies and procedures, completes administrative tasks correctly and on time, supports organization’s goals and values
Function independently and as a team player that collaborates with others and maintains a positive and proactive attitude
Ability to use creative thinking to find solutions to problems
High level of integrity and trust. Maintains the highest level of confidentiality with all information obtained
Meets expectations for attendance and punctuality
Willingness to do more than basic job requirements as assigned
Qualification
Required
Bachelor's degree with a concentration in business administration, finance, or accounting preferred
1+ years of working experience with small business lending or business counseling
Ability to quickly gain knowledge of local businesses and resources
Hands-on experience working with small business owners and/or low-income communities is a plus
Strong analytical, verbal, written, and interpersonal communication skills, with the ability to present information to a diverse customer base
Precise attention to details, excellent organizational, interpersonal and time management skills
Flexibility and adaptability in a fluid and rapidly changing environment
Commitment to the confidentiality of sensitive materials and information
Proven ability to multitask, work under pressure, and meet deadlines
Proficiency in Salesforce, Google applications, and Microsoft Office Suite (specifically MS Word and Excel)
Location Requirement: This is a hybrid remote position with an initial 3 months of on-site training
Preferred
Bilingual skills in Chinese, Korean, or Spanish are highly desirable
Benefits
Comprehensive benefits package
Annual bonus may be given based on organizational and individual candidate performances
Company
Asian Americans for Equality
Asian Americans for Equality is a non-profit organization dedicated to enriching the lives of Asian Americans and all of those in need.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$0.25MKey Investors
TD Charitable Foundation
2023-05-08Grant· $0.25M
Leadership Team
Joy S. Granado
Chief Accounting Officer (CAO)
Company data provided by crunchbase