Job Description Summary
The Real Estate Lending Intern would provide support to all of Enterprise Community Loan Fund (ECLF), a nonprofit Community Development Financial Institution (CDFI), in areas which include underwriting, credit analysis and review, asset management, impact management and capital raising. This intern position will utilize financial and analytical skills to support a variety of tasks and projects which will further their industry-based knowledge of community development financial institutions, real estate, affordable housing, impact measurement and management, and commercial lending. As needed by the business, the position may be required to participate in writing funding proposals or developing project-based profiles or marketing materials and presentations. Additionally, the position will support on-going data management efforts critical to business reporting, impact management and compliance.
Salary Range: $18-$25 per hour.
Job Description
Responsibilities:
Provide administrative and analytical support to all Loan Fund departments for a variety of tasks including reporting, analysis, data management and general lending functions.
Provide support to members of the Asset Management team by assisting as needed with financial analysis of existing borrowers/guarantors, loan review, simple modifications, workout plans for troubled loans and loan covenant compliance reviews.
Provide support to members of the Lending team by assisting with due diligence review and evaluation of various aspects of loan underwriting such as evaluating feasibility and likelihood of repayment sources, appraisal reviews, construction cost reviews, property condition reports, environmental reports, and site inspections.
Provide support to the Capital/Capital Programs & Impact team as needed with data analysis for new programs and/or product initiatives, investor requests, capital funding applications, or other special requests as applicable. Develop and update communications materials related to ECLF’s loan portfolio and impact investment product (Impact Notes), e.g., impact stories, social media, blog posts.
Provide support to Operations and Portfolio Administration team as needed to assist with project data entry and management and other general administrative support.
Qualifications:
Undergraduate degree in Business, Finance, Real Estate, Accounting or other related areas of study.
Prior coursework or familiarity with finance, statistics, lending, impact investing, impact measurement, or similar concepts, and interest in CDFIs or community development
Functional skills expectation:
Self-development
Tech savvy (preferably with business application experience)
Resourcefulness
Technical skills:
Strong written communication skills
Experience with research and data analysis
Numeracy
Microsoft Office (Excel, Word, Outlook, PowerPoint)