Credit Administration Associate

ABOUT THE ORGANIZATION: 

Root Capital is a nonprofit social investment fund that is pioneering finance for grassroots businesses in rural areas of developing countries. It provides capital, financial education, and market connections to small and growing businesses that build sustainable livelihoods and transform rural communities in poor environmentally vulnerable places. Root Capital's clients include associations and private businesses that help create sustainable livelihoods. It is headquartered in Cambridge, Massachusetts and has associated offices in Costa Rica, Mexico, Peru, and Kenya.

ABOUT THE JOB: 

Root Capital is seeking a Credit Administration Associate. S/he will be responsible for supporting the director of credit administration with operational aspects of loan administration. S/he will also be responsible for developing and maintaining a process manual, coordinating training process improvements,  tracking and coordinating loan approvals and closings, and maintaining document templates including loan agreements, notices, and applications. S/he will be the lead internal coordinator for agency lending services, which will involve coordination between the lending, risk management, treasury, accounting, and investor relations teams.

Tasks and Responsibilities:

• General support in loan documentation and closing:
  • Facilitate credit approvals as needed, including - coordinate credit approvals for Indonesia and Haiti. Provide administrative support to global level approvals, track all approvals and modifications in process;
  • Manage execution of original loan documents, including receipt, signing, filing, and mailing;
  • Collaborate with the organization's general counsel and the director of credit administration to maintain up-to-date template loan documents.
• Procedure and process documentation and improvement:
  • Support director of credit administration to develop and maintain credit administration process manuals;
  • Support credit administration process improvement initiatives, including testing new processes and analyzing results, finalizing training material, and coordinating training when new processes are launched.
• Coordinate agency services for loan syndications and participations, and third party fund management:
  • Prepare occasional participation offer lists in coordination with investor relations;
  • Prepare co-lender/participant reports and field questions as needed, including coordinating with and gathering information from other departments. Ensure compliance with unique covenants and reporting requirements of individual participation agreements.
•  Portfolio reporting:
  • Support the finance planning and analysis team with the preparation of lending-related compliance reports for the organization's investors;
  • Support external and internal audits, including the provision of credit file information as needed;
  • Manage administration of loan guarantee programs, including reporting and claims processing.

Qualifications:

• Bachelor’s degree in International Development, Economics, Business, or other relevant discipline;
• About 1-3 years previous experience in loan processing, documentation, or servicing preferred;
• Familiarity with loan documentation, loan closing processes, and/or agented lending transactions preferred;
• Attention to detail and ability to prioritize multiple tasks to meet deadlines;
• Demonstrated analytical and quantitative skills;
• Collaborative work style and team ethic;
• Fluency in written and spoken Spanish, French a plus;
• Entrepreneurial spirit and professional maturity. Ability to work independently, think creatively, and know when to seek support;
• Applicants must be authorized to work in the United States.

HOW TO APPLY: 

Interested candidates can send their resume and cover letter to jobs+creditadmin@rootcapital.org

Please mention "CA Associate" followed by name (Last, First) in the subject line.

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