The Organization
IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.

IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Our staff of over 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

Basic Job Function
Responsible for supporting the loan origination process by analyzing applicant financial, project and management capacity and preparing loan recommendations. Work closely with lenders across all IFF sectors and states on loan opportunities to determine long-term fit with IFF mission and credit requirements. Manages and maintains database information with responsibility for data integrity.

Job Duties and Responsibilities:
  1. Support the underwriting of loan opportunities.
    1. Spread applicant’s financials and provide historical analysis of applicant’s financial strengths and weakness in order to assess capacity for new debt.
    2. Work directly with originations team lenders and potential borrowers to fully assess the applicant weaknesses, project and financing request.
    3. Compare liquidity, profitability, and credit histories of organization being evaluated with similar organizations within sector environment to determine risk relative to sector.
    4. Input relevant information into loan evaluations and summaries.
    5. Analyze borrower budget and projections to assess and stress test debt service capacity.
    6.  Assist lender with write-up and presenting at loan committee.
    7. Provide an assessment of the collateral and contribution to risk mitigation.
    8. Complete a risk rating of the proposed borrower(s).
  2. Build and maintain complete records in CASPER loan system from inquiry through loan approval.
    1. Ensure CASPER records are completed to track status of loans as they move from application to commitment stage including key data on source of loan, date of inquiry and other process points.
    2. Ensure a complete record in CASPER on the account including key contacts, project information and impact data.
  3. Support the Portfolio Management team in entering information on current clients and other post close monitoring.
    1. Coordinate as needed obtaining information necessary.
    2. Ensure that Portfolio Management team receives all relevant information for post- close relationship management and that files are completed.
  4. Research and provide updates on nonprofit sectors or environment to inform the lending team on opportunities and risks emerging in certain sectors.
  5. Perform other projects as assigned.
Performance Measures:
  1. Complete, accurate, and thoughtful analysis and communication of lending risks and mitigants for loan applications.
  2. Proactively seeks solutions to identified issues and challenges relating to loan program implementation.
  3. Timely, accurate and comprehensive analyses and reporting.
  4. Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.
  5. Models personal accountability that promotes ownership and engagement.
  6. Builds and maintains effective working relationships with colleagues, peers and team members.
  7. Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.
  8. High level of satisfaction with both internal colleagues and external contacts.
Position Qualifications:
Education: Bachelor’s Degree required, preferably in business, accounting or finance or equivalent experience in a similar position.

Previous Experience: Two years of experience in the areas of accounting, financial analysis, or credit for commercial, industrial and nonprofit organizations required. Ability to perform financial statement analysis including spreading financial statements and assessing cash flow metrics preferred.

Special Knowledge & Skills:
  1. Analytical and business writing skills required to determine credit risk and to prepare credit presentations.
  2. Experience with commercial real estate or community development collateral and lending a plus.
  3. Proficiency in Microsoft Excel.
  4. Demonstrated interest in nonprofit sector.

Unusual Requirements: Occasional evening and weekend work.

Application Instructions: Applicants please submit a cover letter, resume and salary requirements for the “Credit Analyst”.

IFF values equity, diversity and inclusion as part of its mission to strengthen nonprofits and the communities they serve. IFF is an equal opportunity employer

Department: Capital Solutions
This is a full time position

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