What are the responsibilities and job description for the Senior Underwriter position at Illinois Facilities Fund?
Title : Senior Underwriter
Employee Status : Full Time-Exempt
Salary : Grade 5
Starting range of $73,000 - $91,300| Grand Rapids, MI
Starting range of $81,200 - $101,500 | Detroit
Reports to : Managing Director of Lending, Eastern Region
Department : Capital Solutions
Location : Detroit or Grand Rapids, MI
Hybrid Remote : In office : T / W | Remote : M / Th / F
Department Function : Maintain a program of flexible lending to targeted nonprofits throughout
the Midwest; design programs to assist the target market to obtain loans and required financial assistance; maintain financial planning data
Equity, Diversity, and Inclusion
Partnering to create thriving communities is at the heart of everything we do. We leverage knowledge, capital, and resources to advance equitable and transformational outcomes in under-resourced communities, guided by our commitment to be an inclusive, anti-racist and anti-oppressive institution that honors communities as asset-rich and as experts in their own stories.
Basic Job Function
Responsible for loan production including screening, evaluation, structuring and approval, and as lead / primary client relationship manager during the approval process. Work closely and collaboratively with lenders and closers to ensure thorough and efficient throughput of loan requests with expectation of high level of independence.
IFF is looking for candidates with a commitment to the work we do who can demonstrate their creativity, diligence, enthusiasm, growth-mindset, thoughtfulness, and passion to make meaningful change in the areas of economic and racial justice.
Requirements
Job Duties and Responsibilities :
1. Primary point of contact for client loan requests. Responsible for underwriting, seeking approval, and facilitating the closing of loans, including those requiring complex structuring.
- Guide prospective borrowers through the loan application, approval and closing process.
- Intermediate analytical skills necessary to gather and interpret data and prepare reports.
- Screen projects for alignment with IFF and department goals. Evaluate loan requests, including the organization's financial condition and projections, site analysis and building plans, operations, potential risks, and other relevant data to support a recommendation of whether to make a loan. Follow up as necessary with client and others to obtain additional information.
- Coordinate as necessary with the MD Lending and Chief Credit Officer to underwrite, structure, package, and present loan recommendations for approval to loan committees.
- Support IFF's Customer Relationship Management database with data input to ensure that accurate and comprehensive information is readily available.
- Coordinate with IFF Closing and Escrow Services team, borrower, attorneys, and others to facilitate closing process in timely and efficient manner.
- Work with the Portfolio Management team to support smooth transition of relationship post loan closing.
- Demonstrates a commitment to equity, diversity, and inclusion. Promotes an environment of empathy and respect, ensures the inclusion of all team members, and will actively engage in EDI events and learning opportunities.
2. Work closely with lenders and closers to ensure ultimate client satisfaction and regional production goals are met.
Performance Measures :
Position Qualifications :
Education : bachelor's degree required, preferably in business, accounting, or finance.
Experience :
Special Knowledge & Skills :
Additional Requirements : Some travel within the Midwest including occasional overnight travel; occasional evening and weekend work; able to inspect active construction project sites.
Standard Benefits :
Work-Life Balance Benefits :
Employee Development Benefits :
Miscellaneous :
IFF does not offer the following :
Check off only some boxes in the requirements listed above. Studies have shown that marginalized communities - such as women, LGBTQ and people of color - are less likely to apply to jobs unless they meet every qualification. So, if you're excited about this role, we encourage you to apply.
Application Instructions : Please visit the Careers section of our website to apply online. A resume is required; a cover letter is appreciated.
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 and is committed to building and maintaining a culturally diverse workplace that is free of discrimination and harassment of any kind. We encourage women, minorities, individuals with disabilities and veterans to apply. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate.
Salary : $81,200 - $101,500
