Employment Listings

Minority candidates strongly encouraged to apply.



Credit Analyst

About The Reinvestment Fund

The Reinvestment Fund is a dynamic organization whose mission is to build wealth and opportunity for low-wealth people and places through the promotion of socially and environmentally responsible development.  Combining expert knowledge with innovation and determination, we identify the “point of impact” where capital can deliver its greatest financial and social return.  Our investments in homes, schools, and businesses reclaim and transform neighborhoods – driving economic growth and improving lives.  TRF’s approach to generating economic growth is innovative, strategic, and fiscally sound.  We apply information and real-world knowledge of the communities we serve to pinpoint rich opportunities and untapped resources.  We’ve helped reclaim neighborhoods others have left behind and our expertise has made us a national leader. 


Opportunity

TRF is currently seeking a Credit Analyst to join its Lending Department. TRF's lending program is unique in its range of expertise and disciplined approach to financing. As a nationally recognized innovator in the financing of economic and neighborhood revitalization, TRF attracts enormous talent. TRF offers its lending staff an unrivaled platform to combine business acumen and financial skills with social mission. A career at TRF is a chance to learn, train and contribute to this work with some of the best in the community development field. It offers opportunities for knowledge and skill enhancement that is uncommon for a company of its size.

TRF's Lending Department serves a wide range of for-profit and non-profit developers and operators in the creation of quality housing; office and retail space; and the delivery of retail food, education, and social services - all of which strengthen the neighborhood fabric and provide services that increase opportunities for individuals and communities.

Job Description

The Credit Analyst’s primary responsibilities are to assist TRF lenders by providing thorough analysis of borrowers’ financial information; spread and analyze organizational and personal financial statements; study and evaluate the information; prepare appropriate analyses on real estate deals; and prepare written reports for the lenders. It is critical that, besides possessing excellent technical skills, the individual in this role understands the value of customer relationships, and, therefore, operates with professional respect for the customer as the Credit Analyst will have frequent direct contact with customers. In addition it is important for the individual to demonstrate great flexibility and openness to change as TRF lending finds new and improved methods of operating, marketing, and selling our services. This position offers the opportunity to work across all TRF lines of lending products.

 

Essential Duties:

  • Performs research through available sources to complete credit analysis or to assist lending officers in credit decision process.
  • Obtains all available and necessary financial data from client and other sources to ensure thorough analysis and obtains up to date financial statements when due on an account.
  • Performs financial statement spreading and analysis on all assigned credits. This includes new loans and annual reviews for existing loans. Real estate analyses will include multi- year operating projections, development of cash flows, budgets, and analysis of local real estate markets.
  • Analyzes and reviews market studies, appraisals, business plans, and any related and valuable real estate data – can draw sound conclusions based upon relevant data.
  • Performs specialized reviews of collateral or loan exposures to customers as requested by lenders.
  • Provides critical assessment of the financial position, management team, and program of potential borrowers and assembles questions pertaining to an organization’s financial and programmatic capacity.
  • Prepares credit memoranda and supporting materials for Loan Committee on assigned credits which consider both the financial and programmatic (mission) impact of TRF’s investments.
  • Tracks the loan application process and maintains organized files of information received from potential borrowers.
  • Assists lenders with loan closings, tracking final and outstanding documents.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty. The requirements listed below are representative of the knowledge, skills, and abililities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Supervisory responsibilities:

This job has no supervisory responsibilities.

Education, experience, certifications:

Bachelor’s Degree required in Finance, Accounting, or other applicable discipline. Advanced course work a plus. At least two years’ relevant experience working in financial analysis, lending support, or similar bank function is required. Experience with Small Business lending a plus.


Skills Required:

Communication

  • Verbal:  Ability to communicate in a clear, comfortable and confident manner. Ability to communicate effectively and in a way that supports teamwork – conveys insight into credits to the lenders quickly and concisely 
  • Written:  Demonstrated ability to write clear, organized and accurate summaries. Ability to translate financial and numerical data into written form

Financial analysis

  • Ability to prepare and analyze multi-year operating projections, real estate development budgets and cashflows
  • Ability to read, analyze, and spread financial statements and tax returns for both businesses and individuals
  • Possess sound credit skills necessary to evaluate loan requests and make sound recommendations to loan officers 

Computer/technology

  • Excellent Word, Excel and Windows file management skills mandatory
  • Demonstrated web research skills
  • Familiarity with Outlook or similar network-based email and calendar software
  • Familiarity with Salesforce and/or other CRM softwares

Reasoning ability

  • Ability to define problems, collect data, establish facts and draw valid conclusions.

Key competencies required for position:
To perform the job successfully, an individual should demonstrate the following competencies:

  • Ownership/Accountability – Actively manages work and issues through to completion.
  • Customer Service – Understands and manages customer expectations.
  • Initiative – Anticipates and communicates challenges and opportunities.
  • Commitment – Demonstrates sense of passion and urgency for work, mission and organization.
  • Adaptability – Sees opportunity and risk for continuous improvement.
  • Efficiency and Productivity – Determines priorities and allocates time and focus accordingly.
  • Professional/Technical Expertise – Understands and applies technical/procedural knowledge of job.

Compensation and Benefits:
TRF will offer a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.  

To Apply:
Please mail, email, or fax resume with cover letter and salary requirement to:
Human Resources
The Reinvestment Fund
1700 Market Street, 19th Floor
Philadelphia, PA  19103
hr@trfund.com
215-574-5900 fax

The Reinvestment Fund is an Equal Opportunity Employer. TRF does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job related disability, or status as a veteran.

 

Loan Portfolio Associate - Commercial Real Estate Lending & Servicing

About The Reinvestment Fund

The Reinvestment Fund is a dynamic organization whose mission is to build wealth and opportunity for low-wealth people and places through the promotion of socially and environmentally responsible development.  Combining expert knowledge with innovation and determination, we identify the “point of impact” where capital can deliver its greatest financial and social return.  Our investments in homes, schools, and businesses reclaim and transform neighborhoods – driving economic growth and improving lives.  TRF’s approach to generating economic growth is innovative, strategic, and fiscally sound.  We apply information and real-world knowledge of the communities we serve to pinpoint rich opportunities and untapped resources.  We’ve helped reclaim neighborhoods others have left behind and our expertise has made us a national leader. 

Job Description

TRF seeks a Loan Portfolio Associate with experience in the commercial real estate banking industry with a particular emphasis on collateral administration.  The primary functions for this position are to:1.) Ensure loan document integrity for adherence to credit policy and to loan approval requirements 2.) Read loan documents and translate information into accurate loan data for entry into a loan servicing system (currently converting from FICS to Harland) 3.) Manage process to ensure all loan-supported collateral documentation is received, filed, and maintained 4.) Manage the document imaging system (Epitome) that works in conjunction with a work flow management system.

In addition to these primary duties, this position will be a member of a team of Loan Portfolio Associates whose general responsibilities are to assist business line executives and lenders with loan underwriting, committee approvals, loan closings, and ongoing portfolio management; record and maintain loan data and documentation; generate portfolio reports; monitor special program reporting compliance; and provide customer service.

Practical experience in commercial real estate credit administration and servicing with knowledge of processing, closing, post-closing, and servicing functions is required.  The successful candidate will be extremely detailed oriented, have a demonstrated affinity for systems and continued process improvement.  Candidate must be a self-starter.

Essential Duties

Loan Set-Up and Closing

  • Enter new loan data on loan servicing system
  • Enter new loan data on electronic imaging system (Epitome)
  • Generate the Epitome document closing checklist and verify with closing loan officer
  • Assist closing loan officer, including:
  • Tracking items received against loan closing checklists
  • Preparing routine loan documents such as UCCs
  • Reviewing and analyzing third party reports (appraisals, inspections, environmental)
  • Reviewing insurance certificates for compliance with TRF requirements
  • Preparing amortization schedules

 

Post Closing and Portfolio Management

  • Review closing documentation and generate initial exception report
  • Collect post-closing and exception items.
  • Upload documents into Epitome
  • Maintain Epitome file on an ongoing basis, including uploading updated financials, insurance certificates, extension memos, extension document, etc.
  • Generate loan portfolio reports and monitor loan portfolio:
  • Track and manage delinquencies and loan maturities
  • Track and manage required reports and documentation and maintain ongoing exception report
  • Monitor collateral filing expirations and file extensions

General

  • Provide customer service externally (borrowers, third party participants, vendors) and internally (lenders, Finance and Accounting Departments, auditors)
  • Provide back-up to other LPAs and overall Lending team to address variances in workflow and create necessary redundancies for key duties. 

 

Supervisory Responsibilities
None.

Education, Experience, and Skills

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • High School diploma required, secondary education preferred
  • 5+ years relevant experience in a commercial real estate lending and servicing environment is required
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Excellent verbal and written communication skills
  • Proficient in MS Office – Word, Excel, Access, Outlook
  • Competency with loan servicing and electronic imaging systems required (e.g. Epitome, FICS, Harland), as well as experience with reporting tools, particularly Crystal Reports

 

Competencies                                
To perform the job successfully, an individual should demonstrate the following competencies:

  • Ownership/Accountability – Actively manages work and issues through to completion.
  • Customer Service – Understands and manages customer expectations.
  • Initiative – Anticipates and communicates challenges and opportunities.
  • Commitment – Demonstrates sense of passion and urgency for work, mission and organization.
  • Adaptability – Sees opportunity and risk for continuous improvement.
  • Efficiency and Productivity – Determines priorities and allocates time and focus accordingly.
  • Professional/Technical Expertise – Understands and applies technical/procedural knowledge of job.

Compensation and Benefits
TRF offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.  

To Apply
Please mail, email, or fax resume with cover letter and salary requirement to:
Human Resources
The Reinvestment Fund
1700 Market Street, 19th floor
Philadelphia, PA  19103
hr@trfund.com
215-574-5900 fax

The Reinvestment Fund is an Equal Opportunity Employer.  TRF does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job related disability, or status as a veteran.

 

 

Student Internship

If you are a student looking for an internship opportunity, consider TRF. TRF can be a great learning experience – a chance to work with and learn from some of the best in this field. TRF accepts a variety of interns throughout the year and accepts workstudy applicants too. To be considered for an internship, complete the internship application and send to HR@trfund.com.