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About the Role

The Director Community Development Underwriting oversees loan underwriting functions, managing the full lifecycle of new originations and guiding restructuring and workout analysis for existing borrowers. This role reports to the Head of Small Business and Community Development Credit and manages a team of commercial underwriters to support Community Development Lending (CDL) originations and existing borrowers.

Responsibilities

Lead a team of underwriters to analyze complex transactions, ensuring eligibility and conformance with credit guidelines.
Exercise sound judgment in evaluating transaction structures, risk/return, policy exceptions, and creditworthiness.
Recommend strategies and guidance on risk mitigants, covenants, and structural guidance.
Serve as the primary interface for underwriting processes, providing recommendations and technical structuring guidance.
Provide input to strategic and tactical planning for CDL Origination and Credit/Risk teams.
Collaborate with internal stakeholders to recommend and conduct training on key topics.
Conduct regular 1:1 meetings with direct reports, managing staff development, coaching, and performance.
Oversee hiring and provide input on staffing needs for workforce development.
Partner with portfolio and special assets teams to improve handoffs, coordination, and alignment on policies.
Represent underwriting functions in meetings with CDL originations and other stakeholders.
Ensure good communication and information sharing within the CDL loan origination team and with stakeholders.
Collaborate with external partners like CDFIs on industry updates and best practices.
Ensure the quality of underwriting work products, identifying strengths, weaknesses, and recommending strategies to minimize risks.
Deliver technical support and oversee financial analysis for existing and distressed borrowers.
Review post-closing amendment memos to ensure thorough underwriting.
Challenge assumptions and identify emerging risks in underwriting analyses and financial projections.
Collaborate with stakeholders to deliver technical underwriting guidance and recommend strategies to improve borrower performance.
Maintain compliance with credit and underwriting guidelines and policies.
Apply experience with distressed credits to new originations, identifying potential risks and recommending mitigants.
Use portfolio performance data to identify underwriting trends and incorporate lessons learned into guidelines.
Attend special assets and portfolio risk meetings, providing technical guidance.
Oversee the underwriting checklist to ensure tasks are completed and loans are managed according to guidelines.
Review credit memos and analysis to ensure thorough underwriting.
Provide underwriting support and backup as a reviewer and co-approver for credit and amendment memos.
Ensure compliance with all applicable laws, regulatory changes, and internal policies.
Partner with technology and operations excellence teams to improve processes and system design.
Assign and manage team workload for new originations and existing borrowers.
Provide guidance on templates, forms, and documents that capture underwriting requirements.
Ensure the team meets service level agreements and deadlines for loan closings.
Update and maintain underwriting guidelines for approval.
Support credit and risk with special projects, identifying emerging risks and process gaps.
Provide input on credit guidelines and other policies and procedures.
Support the Head of Small Business and Community Development with other functions.
Leverage workload management tools for coaching on production and quality metrics.
Provide input for developing new lending products and drafting guidelines.
Understand and support data integrity in accordance with organizational policies.

Requirements

10 years of advanced commercial and community development lending underwriting and/or lending experience.
Experience with cash flow analysis, sensitivity analysis, stress testing, leverage and liquidity analysis, collateral and guarantor evaluation, risk ratings, debt service capacity assessment, collateral valuation, loan structuring, and risk mitigations.
Demonstrated experience exercising credit judgment and making or presenting recommendations on complex transactions, policy exceptions, restructuring, and significant amendments/modifications.
Minimum of three (3) years of prior leadership experience managing direct reports.
Strong underwriting, credit risk management, and impact area expertise.
Excellent written and verbal communication skills.
Strong management and coaching skills.
Superior process management and operational effectiveness skills.
Strong decision-making skills.
Result-oriented team player.
Ability to maintain big picture focus while attending to detailed work and providing thorough documentation.
Demonstrated ability to work productively and accurately in a fast-paced environment with multiple projects and stringent deadlines.
Strong proficiency in a PC environment using Google, Microsoft Office, Adobe Acrobat, and Salesforce and other loan origination systems.
Ability to learn and adapt to a changing IT environment.
Professionalism, diplomacy, and composure.
Flexibility and ability to adapt to a variety of situations.
Excellent communication and collaboration skills with team members across all levels of the organization.
Strong analytical, loan compliance, risk management, sound judgment, ability to manage ambiguity and complexity.
Demonstrated strong commitment to the Momentus mission.
All employees must be legally authorized to work in the United States.
The company will not sponsor applicants for work visas.

Skills

Commercial and community development lending underwriting
Cash flow analysis
Sensitivity analysis
Stress testing
Leverage analysis
Liquidity analysis
Collateral evaluation
Guarantor evaluation
Risk ratings
Debt service capacity assessment
Collateral valuation
Loan structuring
Risk mitigations
Credit judgment
Leadership
Coaching
Process management
Operational effectiveness
Decision-making
Teamwork
Analytical skills
Loan compliance
Risk management
Managing ambiguity
Managing complexity
Google Suite
Microsoft Office
Adobe Acrobat
Salesforce
Loan origination systems

Location

Washington, D.C.
Maryland
Virginia (DMV)
California
Massachusetts
New York
New Jersey

Work Type

Full-time

Experience Level

Director
10 years of experience
3 years of management experience

Education Level

Bachelor's degree or advanced degree in business or public administration, finance or related field preferred

Salary/Compensations

$118,536 – $182,000
May be eligible for an annual discretionary incentive

About the Company

The Momentus Capital branded family of organizations transforms how capital and investments flow into communities to provide people access to the capital and opportunities they deserve.
They are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth.
Through their continuum of financial, knowledge, and social capital, they offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions.
Their holistic and streamlined approach offers comprehensive solutions for small business entrepreneurs, real estate developers, community-based organizations, and local leaders at every stage of growth.
When these leaders have the opportunity to succeed, their communities, their residents – and our country – thrive.