Underwriter

About the Role:

• The Underwriter will structure and underwrite small business loans that have a community impact in Texas’ lower-income communities and monitor the financial health of PeopleFund clients. Other responsibilities include maintaining appropriate due diligence files, preparing for internal and external compliance reviews, community outreach and event support for programs on behalf of the organization. This position reports to the Underwriting Manager.

About Us:

• PeopleFund’s Mission is to creates economic opportunity and financial stability for underserved people by providing access to capital, education, and resources to build healthy small businesses.

Our Values are:

• Integrity First
• Service Before Self
• Excellence In All We Do

Is that you? Awesome! Let’s talk about what you’ll do at PeopleFund.

Job Duties and Responsibilities Include:

• Structure and underwrite submitted loan packages with a focus on repayment analysis, collateral support, personal credit profile, and eligibility/alignment with PeopleFund’s mission.
• Engage with Loan Officers and applicants to address underwriting questions and counteroffer requests when needed.
• Recommend acceptable loan requests for approval, complete with underwriting memo and supporting analysis.
• Communicate loan approval terms or declination rationale. Provide guidance and suggestions to Loan Officer/applicant on actions that can be taken to mitigate noted risks.
• Determine appropriate funding program based on eligibility criteria and approved terms.
• Ensure appropriate supporting documentation is provided/verified and maintained on file.
• Partner with the Lending and Loan Administration teams to provide client focused serviceand support.
• Accompany Loan Officers calling on customers when requested.
• Perform site visits when requested as related to a loan request.
• Support all program and event related activity.
• Other duties as assigned

The Perks - PeopleFund provides the following benefits for employees:

• Medical, dental, vision, and life insurance coverage. PeopleFund pays up to 100% for employee only coverage
• Paid Time Off starting at 3 weeks per year and 12 paid holidays
• 401 (k) retirement plan match and immediate vesting
• Flexible Spending Account (FSA) and Health Savings Account (HSA) available for qualifying medical pans and expenses
• Dependent Child Care Spending Account available to employees who qualify
• PeopleFund is a Hybrid Work Environment

True to our Mission, PeopleFund is committed to recruiting and retaining a diverse staff, and to creating a respectful workplace anchored in a deep, shared commitment to inclusiveness. We are proud to be an equal opportunity employer. PeopleFund welcomes applications from all qualified persons from all backgrounds who can contribute to our Team’s capabilities as we work together to create economic opportunity in underserved communities.

Requirements:

• Financial analysis experience (small business or personal lending preferred)
• Knowledge of finance/basic accounting
• Bachelor’s degree preferred or equivalent experience
• Excellent skills in managing multiple tasks requiring strong attention to detail
• Ability to gather and analyze information efficiently and formulate an independent recommendation
• Adapts to changes in the work environment and offers suggestions to improve processes
• Strong communication skills and positive, team focused approach
• Spanish preferred but not required