Director of Credit

Job Title: Director of Credit

Company: Bridgeway Capital, Inc.

Date: February 2025

ABOUT BRIDGEWAY CAPITAL

Bridgeway Capital is a mission-driven lender, a nonprofit alternative to banks that lends to small businesses, nonprofits, and real estate projects that have a positive community impact. As a Community Development Financial Institution (CDFI), Bridgeway is certified by the U.S. Treasury. Since 1990, Bridgeway has invested more than $300 million in communities across the region, with more than 90% of the funding provided to low-income communities. As a social impact investor, Bridgeway focuses on equitable economic growth in underserved areas by providing impact-driven lending and programs to grow businesses and revitalize places. For more information, visit www.bridgewaycapital.org

Job Summary and Personal Profile

Reporting to the Chief Impact Investment Officer, Bridgeway Capital seeks a Director of Credit to oversee and implement the credit and underwriting standards that support the organization’s lending activities. The Director of Credit must be experienced in leading and supervising a team of credit analysts and underwriters, managing the credit approval process and underwriting for all loan products, leading the responsibility of credit risk management, and in drafting policies and procedures to support and manage the activities of the department.

Job responsibilities

• Manage a four-person team of credit analysts, including providing leadership, training, and proper orientation to ensure that credit and underwriting standards are communicated and maintained by the team.
• Manage the credit function of the organization, including the development and implementation of policy, procedures, and activities.
• Manage complex borrower relationships and maintain a dialogue with customers through written communication, telephone contact, and project/business site visits when appropriate as it relates to underwriting and credit management activities.
• Collaborate closely with the lending team to review loan applications for feasibility, structure, and compliance with policies and procedures.
• Assess and monitor the credit risk profile of each loan product and individual loans within the portfolios.
• Monitor and ensure loan portfolio compliance with credit policy, investor covenants, and program requires.
• Review and approve or decline all loans and transactions within delegated authority.
• Present loan requests requiring the approval of the Bridgeway Capital Board of Directors to the Board and its delegated committees and provide updates to credit risk management.
• Familiarity with Current Expected Credit Losses (CECL) accounting standards.
• Oversee the annual credit review process for portfolio loans, evaluate credit standards, risk ratings, and overall risk on individual credits and overall portfolio metrics.
• Incorporate Bridgeway’s core values effectively into internal processes and external engagements and relationships.

Qualifications and Experience

• Demonstrated knowledge of loan and portfolio credit and underwriting standards.
• Experience developing and applying credit policy to manage workflow and assess risk.
• Competent knowledge of business lending and portfolio management roles, responsibilities, and analytics.
• Familiarity with banking and finance, and ability to evaluate businesses financial statements and reports, including real estate transactions.
• Superior communication and customer service skills and an ability to adapt to a wide variety of audiences, including clients, supervisors, peers, and external partners.
• Supervisory experience preferred.
• Self-starter motivated by achieving production goals.

Compensation

Competitive salary commensurate with experience. Comprehensive benefits package includes health, dental, vision, life, and disability insurance, a retirement plan, flexible spending accounts, and paid time off, including paid parental leave.

Bridgeway Capital currently uses a hybrid work model. Bridgeway requires that all staff be in the office two days a week, although managers may request that their team be in the office more frequently. The required number of days in the office is subject to change.

To Apply

Interested candidates should submit the following application materials to Scott Langill, Chief Impact Investment Officer at slangill@bridgewaycapital.org. Please put “Director of Credit” in the email subject line.

1) Resume

2) Cover letter that explains why the candidate is interested in working at Bridgeway Capital and outlines how the candidate’s skills and experience meet the qualifications for this position.

3) Two or three professional references (candidates will be alerted before references are

contacted).

Job Specifications & Americans with Disability Specifications

The person in this position needs to regularly sit, utilize manual dexterity and repetitive finger motion, speak, hear and see with close vision. Individuals must occasionally lift up to twenty-five pounds, push or pull, reach or stretch, and utilize distance vision, color discrimination, peripheral vision, depth perception, and focusing ability. This position is primarily performed in an office environment with occasional exposure to outdoor weather conditions. Occasional driving throughout western Pennsylvania is required, and candidates are expected to have a valid driver's license and easy and regular access to a car.

This job description is not all inclusive and it is not intended to create or be construed as an expressed or implied contract of employment. Bridgeway Capital reserves the right to interpret, amend, or terminate any job description, plan, policy, program, procedure, practice, or benefit at any time at its sole discretion.

Bridgeway Capital is an Equal Opportunity Employer. Bridgeway does not discriminate against individuals on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, veteran status, ancestry, or national or ethnic origin in the administration of its employment policies, programs, and activities. As an organization, we adhere to and promote equal employment opportunities for all. Bridgeway provides reasonable accommodation for persons with disabilities, including in the application and interview process.

Equal Opportunity Lender, Provider, and Employer TTY/TDD 800.654.5988

Job Type: Full-time

Pay: $100,000.00 - $125,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Parental leave
• Vision insurance

Schedule:

• 8 hour shift

Education:

• Bachelor's (Preferred)

Experience:

• Credit analysis: 5 years (Preferred)
• Underwriting: 5 years (Preferred)

Location:

• Pittsburgh, PA (Preferred)

Work Location: Hybrid remote in Pittsburgh, PA

Salary : $100,000 - $125,000