Senior Loan Underwriter – New Orleans, LA

Company Overview:

TruFund Financial Services, Inc. (“TruFund”) is a is a 501(c)(3) Community Development Financial Institution (CDFI), certified by the U.S. Treasury Department’s CDFI Fund. Headquartered in New York City, our mission is to promote and foster economic development within underserved communities and among disadvantaged populations. As a nonprofit, mission-driven entity, we offer access to affordable loan capital and business development services to small businesses and nonprofit organizations that are financially viable but have difficulty accessing affordable capital from banks or other conventional lenders. We also have field offices in Louisiana (New Orleans and Baton Rouge), Alabama (Birmingham) and Texas (Houston).

Position Summary:

The Senior Loan Underwriter prepares and writes a comprehensive credit risk analysis/memorandum on new or existing customers and provides recommendations to the senior team for approval.  Transactions include, but are not limited to loans to small business owners,  nonprofit organizations  and  commercial/residential real estate developers (mainly in the affordable  housing domain) and professional contractors.  Loan products are varied and include term loans and contractor mobilization  loans.  Loan amounts generally range from $50,000 to $750,000.

Primary Job Functions:

  • Evaluate the creditworthiness of new/existing borrowers and their ability to repay loans under the terms of our contractual agreement.
  • Analyze the historical financial statements of the borrower and in most cases build cash flow projections that could be sensitized or stress-tested.
  • Be able to assess the structure of a loan and ensure that such a structure reflects a negotiated term sheet and other relevant credit-related documentation.
  • Engage with loan originators to seek out information and/or gather updates on the borrower. Interactions with loan originators may include negotiations pertaining to the structure of the loan.
  • Prepare a complete credit analysis (including the assignment of a risk grade) to be presented to the Senior Credit Team for approval.
  • Ensures that approval of new loan requests comply with loan underwriting, product and program policies and procedures as well as with TruFund risk appetite.
  • Monitor periodically the status of loans that are on a Watch List and/or warrant close monitoring (i.e., quarterly reviews, payment history, covenant compliance).
  • Manages timing and application pipeline, and expects at times to work under a tight deadline.
  • Assist in keeping credit documentation organized both physically and digitally.
  • Remains up to date and knowledgeable on internal policies and procedures.
  • Establish site visit or new and existing loans.
  • Interact with all levels of management and external customers.


Education and Related Work Experience:

  • BA/BS degree, preferably in accounting, finance or economics is required. Master’s degree a plus.
  • Minimum of 3-5 years credit and financial experience in bank lending, community development lending, credit analysis, or loan review. Credit training from a banking institution a plus.
  • Prior work experience with community development, Small Business Administration (7A, Community Advantage) loan programs and New Markets Tax Credit program are a plus.


Knowledge, Skills and Abilities:

  • Thorough knowledge of complex personal and business financial analysis and an expertise in assessing Income Statements, Balance Sheets and Cash Flow Statements. Understanding financial information extracted from tax returns is highly desired.
  • Strong knowledge of small business, nonprofit, commercial real estate loans including appraisals and land surveys.
  • Solid analytical skills (i.e., Microsoft Office) including Excel modeling skills.
  • Understanding of community development.
  • Ability to work under pressure.
  • Excellent written and verbal communication skills.
  • Keen at problem solving.
  • Strong interpersonal and organizational skills.
  • Detail oriented. Highly motivated and team player.

To Apply:

Please email your resume and cover letter with salary requirements in MS Word format to

We appreciate all responses, but due to the high volume of resumes usually received, we only contact those applicants whose qualifications best match the position requirements.

TruFund Financial Services is proud to be an Equal Opportunity Employer.