Senior Small Business Loan Underwriter at Pacific Coast Regional Small Business Development – Los Angeles, California

PCR Business Finance

Senior Small Business Loan Underwriter

Location: Los Angeles, CA

Job Type: Full-time

Status: Non-Exempt

About PCR

Founded in 1977, PCR Business Finance (PCR) is a private, non-profit, Community Development Financial Institution (CDFI), as certified by the U.S. Treasury and a Financial Development Corporation (FDC), which administers the State of California’s Small Business Loan Guarantee Program (SBLGP). The primary mission of PCR Business Finance is the generation of community economic development through the delivery of financial, educational and advisory services to any small business in need.

Position Summary

We are seeking an experienced senior underwriter to evaluate and structure small business loans while balancing strong credit standards with our mission of supporting underserved entrepreneurs. This role is responsible for analyzing borrower financials, recommending loan structures and preparing credit memos that align with organizational credit policies, program guidelines and community impact goals.

The ideal candidate has strong small business underwriting experience and the ability to work collaboratively and manage multiple priorities in a dynamic environment.

Responsibilities

• Underwrite small business loan applications, including working capital loans, term loans, lines of credit, equipment financing, and commercial real estate loans.
• Analyze business and personal financial statements, tax returns, cash flow, and collateral to determine creditworthiness.
• Conduct cash flow and debt service coverage analysis.
• Structure loan terms: including amount, pricing, collateral, and guarantees.
• Prepare credit memorandum for loan committee approval.
• Collaborate with loan officers to evaluate new lending opportunities and structure deals.
• Ensure loans comply with internal credit policies, regulatory requirements and program guidelines.

Qualifications

• 5+ years of small business or commercial loan underwriting experience at a comparable non-profit organization or conventional bank.
• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• Strong financial analysis and credit underwriting skills.
• Experience reviewing business tax returns and financial statements.
• Ability to prepare clear and well-structured credit memos.
• Excellent communication and presentation abilities.
• Strong attention to detail and sound credit judgment.
• Strong business development and relationship-building skills.

Preferred

• Familiarity with regulatory requirements and compliance in credit analysis.
• Proficient in financial analysis tools and Microsoft Office Suite.
• Ability to manage multiple tasks and priorities in a dynamic environment.
• Experience with SBA 7(a) or SBA lending.
• Experience working with a CDFI, community bank, or mission-driven lender.

• Experience lending to minority-owned, women-owned, or underserved businesses.

What We Offer

• $41.00 - $48.00 per hour, depending upon experience.
• Opportunity to support entrepreneurship and community economic development.
• Collaborative and mission-driven work environment.

Physical Demands and Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions. While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or fingers; handle or feel objects, tools, or controls. The employee is occasionally required to stand; walk; sit; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus. The noise level in the work environment is usually low to moderate.