Lending and Finance Analyst | RE-volv | Remote, USA
RE-volv is hiring an experienced lending and finance analyst to support our end to end clean energy lending operations from origination through servicing. This role will also support financial modeling at both a portfolio level, as RE-volv raises additional capital from impact investors, and at a project level, for solar financing from RE-volv (loans, PPAs, and leases) to nonprofits. There is high growth potential for this role with the ability to also step into Financial Planning & Analysis (FP&A) and Accounting workstreams as well.
We are looking for a lending analyst with at least 3-5 years of CDFI lending experience who can manage the details required to ensure accuracy and efficiency for our customers during the lending and servicing processes and maintain portfolio compliance reporting for our multiple investors and the CDFI Fund. This is the ideal role for someone with strong lending experience looking for additional exposure to capital raising, strategic financial planning, and process development experience at a growing clean energy CDFI.
Key Responsibilities
1. Loan Originations (40%)
- Underwriting: Perform due diligence review and evaluation of loan requests per loan policy, including analyzing cash flow projections and borrower financial statements.
- Credit Memo: In consultation with the Solar team, prepare a credit memo and secure the appropriate level of approvals from internal staff and the loan committee.
- Process Oversight & Closing: Coordinate with the Solar team to ensure all steps of the lending process are properly completed and all documents are compiled for closing. Coordinate with legal counsel and borrowers to prepare and review loan agreements and obtain all necessary signatures.
- Product Development:
Support RE-volv in periodically updating its solar financing products based on latest market conditions and the needs of our clients.
2. Loan Servicing & Portfolio Management (30%)
- Payment Processing: Coordinate with the Solar team and outsourced AP to ensure construction draws/payments are properly issued after lien releases are secured and installer work has been properly completed.
- Invoicing and Collections Oversight: Manage our outsourced Accounts Receivable team to ensure accurate invoicing and timely collections. Support delinquency management if needed.
- Portfolio Monitoring: Conduct annual borrower performance reviews to ensure borrower is in compliance with their RE-volv loan and that RE-volv is in compliance with its funders. Coordinate with the Asset Management team to understand the latest solar and storage asset performance.
- Loan Loss Reserve Management: Manage the quarterly process to ensure proper loan loss reserves are recorded by the accounting team.
3. Investor Relations & Finance Support (30%)
- Asset & Liability Tracking: Maintain overall asset & liability tracking and forecasting models for RE-volv.
- Fund Models & Capital Raising Support: For both existing and new funds, provide modeling support and prepare diligence request responses to investors.
- Investor Impact Reporting: Validate accuracy of financial and impact fields in Salesforce and merge with financial system data to ensure timely and accurate investor reporting.
- Investor & CDFI Fund Compliance: Compile and ensure timely reporting to investors and the CDFI Fund and monitor loan pipeline and balance sheet to ensure all metrics and covenants are met.
- Cash Forecasting: Support period restricted and unrestricted cash forecasting for the organization at the entity level.
- Process Improvement: Assist the solar team and outsourced AR/AP team in refining checklists and workflows to make our lending and finance processes more streamlined and efficient.
