Senior Credit Associate

The Senior Credit Associate is responsible to act as the Originations team's key credit structuring resource, acting as a key counterpart to the Relationship Managers. This individual will work with a team of credit structuring analysts who will directly support the Relationship Management team in the analysis of new transaction and the write up of credit correspondence (new business, modification memorandums, or other credit correspondence where a risk change has occurred), ensuring adherence to firm credit underwriting and analytical policies and procedures, and accuracy.  They will ensure accuracy and completeness of information, and that information is presented in a way that facilitates ease of decision making by the Head of Originations and or Investment Committee.

Being a private lender, DLP Lending underwrites all of our loans based on proprietary guidelines & checklists, so it is imperative to the success of this role that both experience and open-mindedness are deployed in analyzing credit risks and mitigants, and examples are set for all team members to follow. This role is critical to both protecting the best interests of the organization, as well as expediting all qualified files through closing.

What you have already achieved: (Requirements)

• 5+ years experience in underwriting, credit analysis, and/or commercial lending. 
• Bachelor’s degree in Finance, Accounting, Business, or Economics. 
• Financial Acumen: Expertise in reading financial statements, market reporting data, building financial models, and assessing creditworthiness.
• Risk Management: Proven ability to analyze complex data, identify risks, and make sound, objective credit decisions.
• Communication: Clearly explaining decisions to clients, brokers, and internal teams.
• Attention to Detail: Ensuring accuracy in reviewing applications and policies
• Analytical & Critical Thinking: Interpreting data, questioning assumptions, and making logical decisions.

What you are great at: (Responsibilities) 

• Responsible for the initial sizing of deal & borrower for term sheet, modifications, and take out financing.
• Exhibiting a deep understanding of firm's loan underwriting guidelines, pricing grids and leverage partners credit boxes to identify loans that are ineligible.
• Consistently providing quick, yet accurate, responses to all inquiries about assigned credit files, and maintaining dialogue with lending staff to determine the viability of new loans or strategies related to the renewal of existing loans as it relates to terms and structure.
• Contributing feedback and participating in Credit Committee meetings and decisioning.
• Make decisions that will positively impact the company & its ability to achieve its goals.
• Partner with Relationship Managers and Directors to screen and underwrite new lending opportunities, providing indicative terms based on preliminary deal data. Analyze sponsor pro formas, budgets, borrower financials, and market data to assess feasibility and determine appropriate loan sizing. Leverage insights from multiple platforms to support the "Pro Deal Mentality" and ensure alignment with the firm’s Risk Appetite. 
• Work with Relationship Managers and Directors to complete New Business Submissions for presentation to the Credit Committee, and prepare any necessary change memos following initial Committee approval. Support RMs throughout the deal process by serving as a key point of contact for brokers and sponsors - gathering information, addressing questions, and keeping deals moving forward efficiently.
• Structuring loans based on deal-level risks and mitigants.
• Evaluating borrower experience and history of execution.
• Evaluating real estate investment deal strategies, and the underlying assets as-is and after-repair values.
• Underwriting properties and borrower financials with a focus on a pro deal mentality while creating approval memos, making good credit decisions and recommendations, and identifying and mitigating risks.
• Gaining a deep understanding of: built to rent, lot development & multi-family construction real estate deals or DSCR loans.

What you’re motivated by: 

• Making an impact. Whether it's the residents who call our Thriving Communities home, the investors who trust us to be stewards of their capital,  or the sponsors we work with to 10x their business, everything we do is about making an impact. 
• Challenges. You see roadblocks as opportunities and are proactive in finding solutions. 
• Growth. We’ve been named to the Inc. 5000 as one of the Fastest-Growing Private Companies in America for thirteen consecutive years. 

Who We Are

What We Do In One Sentence:

We finance the building of Thriving Communities. 

Our Mission:

We are changing the nation through the building of Thriving Communities. We are the leader in funding the building of Thriving Communities centered in safe, attainable housing. 

Our Purpose:

To passionately make an extraordinary impact by transforming lives and building Thriving Communities. 

Our Big, Hairy, Audacious Goal (BHAG):

To positively impact and transform 10 million lives by funding the building of 5,000 Thriving Communities, becoming one of America’s 100 largest private companies.

Our Culture:

• We work hard, marching towards ambitious goals driven by a purpose that’s bigger than ourselves. 
• We are impact-driven, seeking to make a difference not just on the affordable housing crisis but also in the lives of our employees, investors, and partners. 
• We are disciplined, following our exclusive Elite Execution System to develop personally and professionally. 
• We strive to Live Fully, finding fulfillment in all areas of our lives.

Our Core Values:

Driven For Greatness: We are driven by the pursuit of knowledge and the paramount importance of a growth mindset, cultivating greatness both personally and professionally.

Living Fully: We prioritize living fully with a dedication to achieving optimal health in all aspects of life: faith, family, friends, freedom, fun , fulfillment, fitness, and finance.

We are intentional with our time, integrating the 8fs of our life to achieve our goals & God’s goals.

Grit: We have the endurance and unshakable commitment necessary to achieve our visionary long-term goals.

Community: We elevate the greater good over individual interests, magnifying our impact and cultivating thriving relationships with investors, sponsors, residents, and our colleagues.

Authenticity: We are true to ourselves and others, steadfast in our beliefs and values. We hold ourselves and others accountable, fostering open dialogue to propel growth.

Prepared to Win: We apply discipline to our thoughts and our actions, which leads us to put forth consistent effort and commitment doing the important proactive work despite the urgent priorities we face each day. We plan to win, and are prepared for volatility and challenges.

Kingdom Impact: We share God's love and transformative power through our labor, serving everyone in God’s likeness. The world will know God more through our work and how we do it.

Twenty-Mile March: We march towards clear, well-defined goals and objectives with unwavering focus, constantly evaluating our performance and course correcting as needed.

Stewardship: We are guided by our commitments to those who trust us with their capital, their communities, and their careers.

Servant Leadership: We lead with high standards & deep devotion. We display as humble confidence as we build deep relationships and trust. We show the way through the forest, empowering growth, accountability, and a founder’s mentality, with team members regularly asking “What else can I do to achieve the desired results?”

Benefits and Perks:

Unlimited PTO, health/dental/vision/life insurance, 401(k) matching, parental leave, adoption services reimbursement/learning/educational incentives, Volunteer Time Off, well-being programs, company events, self improvement/productivity tools, & the incredible feeling of making a difference.

Equal Opportunity Employer:

DLP is a committed Equal Opportunity Employer. If you are a qualified individual with a disability and require assistance in searching for a position or submitting an application, please contact HR at hr@dlpcapital.com. Offers of employment are conditional upon satisfactory completion of pre-employment background verification (including E-Verify). California applicants can view our California Data Privacy Policy here.

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