Director of Credit Administration (Credit Officer)

About the Organization

The Momentus Capital branded family of organizations - which includes Capital Impact Partners and CDC Small Business Finance and Momentus Securities (an SEC-registered broker-dealer, MSRB-registered, FINRA/SIPC member) - are transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. 

 We are working to reinvent traditional financial systems and advance locally-led solutions that create economic mobility and generational wealth. Through our continuum of financial, knowledge, and social capital, we offer a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology solutions.

 Our 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, from inception to expansion. When these leaders have the opportunity to succeed, their communities, their residents – and our country – thrive.

Primary Function

The Director of Credit Administration is responsible for loan approval and the development, updates  and implementation, and credit risk monitoring of all the small business lending credit policies/guidelines, in accordance with internal guidelines, Small Business Administration (SBA) Standard Operating Procedure (SOP) for  7(a) Small Loan Program, state guaranteed loans and non-guaranteed loans to ensure compliance and adherence to quality control for the aforementioned programs. This position supports the Small Business Lending team charged with continuous growth as a mission based small business lender.  The Director of Credit Administrations reports to the Head of Credit Small Business and Community Development Credit.

Essential Responsibilities:

·       Work in conjunction with the SVP Small Business Lending and the underwriting management to ensure compliance with credit policy, maintain approval of credit exceptions, creation and updates to risk rating worksheets, implementation of credit scoring tools, product development/evaluation, and other technological solutions to boost operational efficiency to support production growth while maintaining sound credit guidelines.

·       Provide review and commentary of credit memorandums completed by Small Business Lending underwriting staff and provide the approvals needed for formal loan approval for loan types above delegated loan limit.  Responsible for ensuring prudent loan approval conditions are outlined and archived in the credit memorandum for each loan approval based on the credit merits and shortfalls of the individual loan prior to final loan approval. 

·       Serve as a member of the approval body for the Commercial Real Estate team Impower 95 real estate backed loans up to the delegated loan approval limit, including providing input on the credit memo review, credit guidelines updates/revisions and approval of credit exceptions as necessary.

·       Oversee compliance risk rating classification for the origination team to make periodic updates to the definitions in collaboration with operations, originations along with approval by Head of Credit.

·       Serve as primary liaison and committee chair for CDC SBL Credit Committee.  Schedule regular quarterly meetings, aggregate and maintain meeting agenda including tracking of any proposed, approved and implemented loan origination credit policies, coordinate regular portfolio performance update and recommendation by the portfolio management, provide regular economic updates and updates for other credit initiatives by the small business lending team. 

·       Lead the review and approval of the monthly risk set aside report for the CDC small business loan portfolio and recommend adjustments to the loan loss allowance provision, coordinate with Portfolio Management and Accounting to review prior loss rate and recommend adjustments based on portfolio performance, charge off activity and risk rating changes. Respond to questions related to Credit functions regarding loan sales as applicable.

·       Support the Head of Credit by preparing the monthly portfolio highlights updates to the SBL portfolio in collaboration with management from operations including adding credit related highlights for dissemination to the broader leadership team at Momentus Capital.

·       Serve as subject matter expert (SME) to provide input and lead technology solutions such as design and automation of the credit memos, including updates and guide process improvement initiatives as it relates to credit functions.

·       Provide general support to Small Business Lending team by answering credit and program requirement questions related to Small Business loan products.

·       Participate in internal, external, SBA 7a Connect and Community Advantage Training Calls and regulatory audits of the Smart Growth credit origination and portfolio, including industry trade association such as NAGGL to stay abreast of best practices and updates.

·       Collaborate on audit responses with the Senior Vice President, Small Business Lending and Momentus Capital audit manager as requested. Prepare any resulting credit policy updates/changes and work with staff to resolve outstanding exception items.

·       Other duties as assigned.

 Required Qualifications:

·       Minimum of 10 years’ commercial credit experience, with at least five years of credit approval authority including both SBA 7a loan program, state guarantees, and non-SBA loans as well as real estate backed loans.

·       Bachelor’s degree or advanced degree in business, accounting, finance, or related field preferred. Education level will be considered on a holistic basis considering both education and work experience.

·       Strong technical, financial and analytical skills as well as ability to interpret technical documents, create/maintain risk rating matrix, credit memo design as well as other technical and non-technical templates.

·       Strong written and verbal communication skills, including high level of diplomacy and responsiveness with ability to manage a broad range of program responsibilities. 

·       Excellent organizational and time management skills, operate with a sense of urgency, and independently manage the department’s daily functions.

·       Ability to coach and mentor and collaborate with the underwriting team to arrange training regarding policy updates and changes.

·       Strong interpersonal and problem-solving skills to respond in high-pressure situations, use sound judgment to develop sound solutions, and communicate effectively to navigate difficult conversations.

·       Proficiency in Microsoft Office (especially Word, Excel, and PowerPoint), the Google Suite of products, PowerBI reports (including Google Drive, Calendar, Gmail, Sheets, Docs, and Meet), and zoom, with the ability to quickly learn customer management software and related programs.

The salary range for this position is $106,559 - $142,257 and is eligible for an additional incentive.

 This role is eligible to work remotely.

All employees must be legally authorized to work in the United States. The Company will not sponsor applicants for work visas.

EEO: Momentus Capital is an equal opportunity employer and is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.