Who We Are:
Renaissance Economic Development Corporation (REDC) is a 501(c)(3) nonprofit organization whose mission is to build-up low-to-moderate income and immigrant communities in New York City by providing low-interest small business loans along with training and counseling services. REDC is an affiliate of Asian Americans for Equality, one of the country’s leading community development nonprofits. As an organization deeply rooted in the communities it serves, REDC works hand-in-hand with local business owners to ensure their long-term success. Renaissance also provides financial literacy services and comprehensive technical assistance to small business owners and entrepreneurs each year through individual counseling and classroom sessions.
We are US Treasury certified Community Development Financial Institution (CDFI), Small Business Administration (SBA) Intermediary Microlender, and SBA Community Advantage (7a) lender. Renaissance’s lending activities are guided by a commitment to increase business opportunities for low-income, minority, women, and immigrant entrepreneurs.
Reporting to the Director of Lending, the Loan Underwriter is a position focused on one of REDC’s main lending services which is our microloan program. Our microloan program currently lends up to $100,000 for small or emerging businesses unable to obtain financing from mainstream financial institutions. The Loan Underwriter will provide due diligence on loan packages to ensure that microloans are compliant with REDC’s credit policy and procedures.
Key Duties and Responsibilities:
How we work:
We believe that the people and the communities that we have the privilege to serve, deserve our very best every day. We are a results-driven organization that focuses on empowerment and impact. Renaissance employees are accountable, pragmatic, innovative and collaborative with a core strength of community service and development. We are strategic thinkers who are committed to racial equality and treating each other, and the communities we serve, with respect and dignity. This philosophy expands to the way we manage our work and the way we put our best foot forward. All employees are expected to meet the following requirements and behaviors:
Renaissance offers rich benefits, recognition, opportunities for professional growth and competitive salaries. The range for this position will be between $50,000 and $55,000 ($24.73/hr to $30.22). Salary offers will be based on the candidate’s experience in similar roles.