Senior Credit Underwriter – Nonprofit Lending

We are seeking a highly analytical and detail-oriented Senior Credit Underwriter – Nonprofit Lending to evaluate nonprofit borrowers, assess repayment capacity, identify risk factors, and support financing recommendations across multiple lending partners.

This role is ideal for someone with strong financial analysis skills who understands that nonprofit underwriting differs from traditional commercial lending and can evaluate both financial resilience and operational sustainability.

The successful candidate will work closely with leadership, lenders, and borrowers to support transaction structuring and credit decision-making.

Key Responsibilities

Credit Analysis & Underwriting

Analyze borrower financial information, including:

• Audited financial statements
• IRS Form 990 filings
• Internal management reports
• Budgets and financial forecasts

Assess key credit indicators including:

• Liquidity
• Unrestricted net assets
• Operating performance
• Debt service capacity
• Revenue concentration
• Donor dependency
• Grant timing exposure
• Net Income trends

Calculate and interpret:

• Debt service coverage ratios
• Days cash on hand
• Working capital trends
• Leverage ratios
• Operating reserves

Transaction Support

Evaluate financing requests for:

• Working Capital Term loans
• Bridge loans
• Lines of credit
• Receivables-backed facilities
• Revenue-based financing products

Structure Term Sheets which include

• Loan amount
• Term
• Rates
• Repayment structure
• Collateral requirements
• Covenant considerations

Credit Memo Preparation

Prepare concise underwriting summaries and credit memoranda for:

• Internal review
• Lender presentation
• Credit discussions

Risk Identification

Assess and highlight:

• Revenue volatility
• Sector exposure
• Concentration risk
• Management considerations
• Liquidity pressure points

Lender Coordination

Support matching borrower opportunities with lender appetite across:

• Banks
• Credit unions
• CDFIs
• Private credit partners

Required Qualifications

Experience

• 5-8+ years of relevant experience in:
  • Commercial lending
  • Credit analysis
  • SBA underwriting
  • Nonprofit lending
  • Specialty finance
  • CDFI underwriting

Technical Skills

• Strong financial statement analysis skills
• Ability to interpret nonprofit financials and Form 990 filings
• Strong Excel or Google Sheets capability
• Clear written and verbal communication
• Ability to manage multiple active opportunities simultaneously
• Comfortable working independently in a remote environment
• Ability to use Docusign, Salesforce, standard LOS systems (lending origination systems)

Preferred Qualifications

• Experience working with nonprofits, social enterprises, or mission-driven borrowers
• Familiarity with nonprofit accounting and revenue structures
• Exposure to lending platforms, fintech, or private credit environments

Personal Attributes

• Clear and reasoned judgment when presenting a credit decision, which must be defensible
• Strong attention to detail
• Proactive and ambitious
• Analytical mindset
• Clear and decisive communicator – communicate often and openly
• Comfortable in a fast-growth environment
• Able to manage multiple concurrent transactions without sacrificing analytical quality
• Comfortable multitasking

We offer a competitive compensation package including:

• Competitive base salary
• Performance-based annual discretionary bonus
• Equity in the company (note: we are a post Series A company with a valuation of over $40 Million)
• Fully remote work environment
• Flexible working hours
• Unlimited PTO (subject to company policies) )
• Health, dental, and vision insurance
• Company philanthropic match up to $1,000 annually
• Growth opportunities within a rapidly expanding fintech company

English - Fluent