Reports to: Director of CFNMD
POSITION SUMMARY:The Loan Underwriter will work at The Community Fund of North Miami Dade, Inc. (CFNMD), a Community Development Financial Institution (CDFI) certified through the U.S. Department of Treasury since 2003 that
serves as a subsidiary of Opa-Locka Community Development Corporation (OLCDC). The Loan Underwriter is responsible for meeting goals related to sourcing loan applicants, processing applications, generating earned revenue (pricing and volume of closed loans), and portfolio management that are consistent with the County’s RISE program requirements and CFNMD. The Loan Underwriter is also responsible for identifying and expanding community development micro-lending opportunities in target markets with a focus on providing loan financing to support both the county revolving loan program and CFNMD This position is also responsible for assisting the Director of CFNMD with the execution of business development programs that meet CFNMD overall business plan, mission fulfillment, and growth strategy.
GENERAL DUTIES AND RESPONSIBILITIES:
• Source new loan applications – develop relationships with community partners to establish Centers of Influence (COIs)
within the service area to identify qualified loan candidates. Maintain relationships with County officials and other
program ambassadors such as those engaged in micro-finance, crowdfunding, and small business sectors.
• Convert Leads to Application Clients – Meet with Leads to assess loan readiness and creditworthiness
• Package Applications for Consideration - Collect information and documentation about the borrower, guarantors,
collateral, and details about the business management
• Underwrite - Analyze the loan request by verifying information and quantifying the probability of repayment. This will
include a review of tax returns, financial statements, projections, business plans, credit reports, etc. Find relevant industry
data to support the assessment. Ensure the loan criteria meets credit policy guidelines. Identify risks & weaknesses
and provide mitigating factors. Outline conditions of the loan approval.
• Obtain the Proper Approval – If required, prepare and present credit memorandums for internal approval and/or external
loan committee review. Document the file to evidence proper use of authority.
• Facilitate Closing – Prepare a Summary of Loan Terms and guide the borrower through the pre- closing process. When all
conditions are met, prepare closing documents. Properly document files after loan closes.
• Provide Technical Assistance – For any prospective borrowers that need pre-application or post-closing support, refer
them to the appropriate resources for counseling.
• Portfolio Reporting - Prepare analytic reports on loan portfolio performance on a monthly, quarterly, and annual basis. This
includes generating investor and internal reports that are accurate, complete and timely
• Perform Borrower Site Visits – On a recurring basis, visit borrowers’ places of business and document the loan file with
details about the client meetings, collateral inspections and operational soundness.
• Service Loans through Amortization – Respond to requests for loan modifications. When needed, assist with collections and
• Execute Marketing Strategies that seek to develop micro-loan products that create exposure for OLCDC/CFNMD,
increase brand awareness and drive sales volume. This can include recovery products launched in conjunction with
County partners; for example, in response to the COVID 19 pandemic and its impact on small businesses
• Advocate within the Service Area - Promote CFNMD’s loan products and technical assistance resources to prospective
borrowers, community organizations, banks, and government agencies.
• Stay updated on lending trends and industry best practices
• Understand, adopt, and adhere to organizational policies, procedures, and guidelines.
• Ensure program compliance with all applicable rules and regulations
• Other duties as assigned.
• Bachelor’s degree in business management or related field (such as accounting, finance, or economics).
• Demonstrated ability to balance multiple tasks and manage competing priorities with hard deadlines.
• Working knowledge of commercial underwriting principles to include cash flow analysis, collateral assessments, consumer
credit screening and key business soundness metrics. Candidate should also be familiar with the nuances of non-profit
• High proficiency in MS Office Excel, Word, PowerPoint, and related products.
• Ability to thrive in an independent work environment and seamlessly work with teams
• Able to exercise discretion in handling confidential information
• Must have a genuine passion for serving the entrepreneurial community in a mission-driven, small office work environment,
with flexibility and enthusiasm.
• Strong written and verbal communication skills as evidenced by a recent writing sample
• Ability to build a network of partners & manage relationships with key stakeholders
• A history of delivering superior customer service to internal and external customers. This includes being responsive, friendly
and respectful of others.
• Reliable transportation and comfort traveling throughout the county to meet with clients and partners.
• Ability to efficiently and effectively manage their time.
• Self-starter willing to learn and take on new challenges.
Competitive Candidates will also have the following skill and experience :
• At least 5 years of experience in small business lending, residential and commercial lending; nonprofit and/or government
community development lending or a combination thereof
• Previous experience with a comprehensive loan servicing software.
• Success in a previous sales role that involved monthly & annual sales goals
• Prior credit administration experience - working knowledge of typical processes for loan servicing, modifications, and
collections & liquidation
• At least two years of experience in prior role involving fund accounting and/or compliance
• Comfort with public speaking