Commercial Credit Analyst III

Locus (formerly VCC Social Enterprises) partners with communities where the capital system is not working to ensure that everyone, no matter their background, location, or economic status, can live in healthy, thriving communities. A capital system that centers community input and impact is essential to making this a reality.

Locus is a nonprofit holding company regulated by the Federal Reserve. Locus is the parent organization for a family of social enterprises, which includes Locus Bank, Locus Impact Fund, Locus Capital and the Community Investment Guarantee Pool, or CIGP. Locus has generated over $2 billion dollars in total impact in local communities to create jobs, energize places, and promote an enhanced quality of life. With offices in Christiansburg and Richmond, Locus offers innovative and flexible financing tools and professional advisory services to individuals and organizations in low-to-moderate income and underserved communities. Locus Bank is an FDIC-insured, certified bank and B Corp offering products tailored to socially conscious investors, along with personal and business checking, savings, and certificate of deposit accounts. Locus Bank is a majority-owned subsidiary of Locus. Member FDIC. Equal Housing Lender. Learn more at .

The Commercial Credit Analyst III will serve as a primary underwriter for Locus's real estate and small business lending activities in the Department of Underwriting. The position will support the Commercial Credit Analysis Manager with more complex underwriting assignments, which include affordable housing, small business, and clean energy. The Credit Analyst III will have a strong credit background, preferably in commercial real estate or small business. The position is responsible for analyzing and assessing risk on various types of transactions, which are largely loans and lines of credit, as well as other innovative capital such as guarantees.

Essential Duties and Responsibilities:

• Routinely completes credit analyses on loan transactions of varying sizes and complexities, and provides recommendations on the extension of credit.
• Underwrites loan transactions for Locus Bank, Locus Impact Fund, Locus Capital, and the Community Investment Guarantee Pool (CIGP).
• Spreads, analyzes, and interprets financial statements and other documents.
• Gathers data and performs due diligence on borrowers, guarantors, and sponsors, and completes financial, economic, market, and industry assessments.
• Identifies and describes the strengths and risks and mitigants, as well as other pertinent credit issues of respective deals.
• Completes written analyses including an independent credit assessment with a well-defined risk profile.
• Prepares credit memorandums for Committee approval, and will assist in the presentation of the request.
• Assists in the development of policies and procedures around Locus's lending programs.

Qualifications:

• 4-7 years of credit underwriting and financial analysis experience required, preferably in the community development field.
• Bachelor's degree required from a 4-year college or university.
• Experience with financial statement spreading software.
• Experience with analyzing commercial, small business, and real estate loans.
• Experience underwriting community development financial institutions a plus.
• Clean energy underwriting experience a plus.
• Experience underwriting financial guarantees used to offset risk on various community development transactions a plus.
• Proficient in Microsoft Word, Excel, PowerPoint, and Windows file management.
• Strong analytical, quantitative, and interpersonal skills required.
• Excellent verbal and written communication skills required.
• Well-developed organizational and decision-making skills.
• Ability to meet deadlines and handle multiple responsibilities simultaneously.
• Possess a solid understanding of accounting, financial statement analysis, and loan structuring.
• Maintain a thorough understanding of Locus's credit policy as well as other internal policies and procedures.
• Commitment to engaging in a diverse, equitable, and inclusive work environment, with a particular focus on achieving equitable outcomes in our business development and products.
• Access to high-speed internet bandwidth and reasonable proximity to Locus or a major metropolitan airport.

Locus prefers applicants from East Coast states where business relationships have already been established, they include: Virginia, New York, Florida, New Jersey, West Virginia, Georgia, North Carolina, Massachusetts and Pennsylvania. Considerations may be given to candidates from other established states such as Nebraska, Colorado, Montana, Kansas, Tennessee, and Missouri.