Credit Underwriter – Nonprofit Lending

About B Generous

B Generous is a fast-growing VC-backed fintech company transforming access to capital for nonprofits and social enterprises.

Our advanced AI-powered lending marketplace connects nonprofits seeking flexible financing with a network of bank and nonbank lending partners who want to deploy capital into an underserved market. We support financings ranging from $25,000 to $50 million, secured against grants, receivables, donations, and future revenue streams.

By combining cutting-edge technology, machine learning, predictive analytics, and deep domain expertise, B Generous is redefining nonprofit finance in the United States.

Joining B Generous offers the rare opportunity to work at the intersection of fintech, finance, and social impact, while helping organizations access the capital they need to grow their missions.

Position Overview

We are seeking a highly analytical and detail-oriented Credit Underwriter – Nonprofit Lending to evaluate nonprofit borrowers, assess repayment capacity, identify risk factors, and support financing recommendations across multiple lending partners.

This role is ideal for someone with strong financial analysis skills who understands that nonprofit underwriting differs from traditional commercial lending and can evaluate both financial resilience and operational sustainability.

The successful candidate will work closely with leadership, lenders, and borrowers to support transaction structuring and credit decision-making.

Key Responsibilities

Credit Analysis & Underwriting

Analyze borrower financial information, including:

• Audited financial statements
• IRS Form 990 filings
• Internal management reports
• Budgets and financial forecasts

Assess key credit indicators including:

• Liquidity
• Unrestricted net assets
• Operating performance
• Debt service capacity
• Revenue concentration
• Donor dependency
• Grant timing exposure
• Net Income trends

Calculate and interpret:

• Debt service coverage ratios
• Days cash on hand
• Working capital trends
• Leverage ratios
• Operating reserves

Transaction Support

Evaluate financing requests for:

• Working Capital Term loans
• Bridge loans
• Lines of credit
• Receivables-backed facilities
• Revenue-based financing products

Structuring Term Sheets which include

• Loan amount
• Term
• Pricing
• Repayment structure
• Collateral requirements
• Covenant considerations

Credit Memo Preparation

Prepare concise underwriting summaries and credit memoranda for:

• Internal review
• Lender presentation
• Credit discussions

Required Qualifications

Candidates whose experience is limited primarily to residential mortgage underwriting, processing, or consumer lending operations are unlikely to be a fit for this role

Experience

• 4+ years of relevant experience in:
• Commercial lending
• Credit analysis
• SBA underwriting
• Nonprofit lending
• Specialty finance
• CDFI underwriting

Technical Skills

• Strong financial statement analysis skills
• Ability to interpret nonprofit financials and Form 990 filings
• Strong Excel or Google Sheets capability
• Clear written and verbal communication
• Ability to manage multiple active opportunities simultaneously
• Comfortable working independently in a remote environment
• Ability to use Docusign, Salesforce, standard LOS systems (lending origination systems)

Preferred Qualifications

• Experience working with nonprofits, social enterprises, or mission-driven borrowers
• Familiarity with nonprofit accounting and revenue structures
• Exposure to lending platforms, fintech, or private credit environments

Personal Attributes

• Clear and reasoned judgment when presenting a credit decision, which must be defensible
• Strong attention to detail
• Proactive and ambitious
• Analytical mindset
• Clear and decisive communicator – communicate often and openly
• Able to prioritize and manage multiple concurrent transactions in a fast-paced environment

Compensation & Benefits

We offer a competitive compensation package including:

• Base salary: $70,000 – $80,000 depending on experience
• Performance-based annual discretionary bonus
• Equity participation in a rapidly growing VC-backed fintech company
• Fully remote work environment
• Flexible working hours
• Unlimited PTO (subject to company policies) )
• Health, dental, and vision insurance
• Company philanthropic match up to $1,000 annually
• Growth opportunities within a rapidly expanding fintech company

Equal Opportunity Statement

B Generous is an Equal Opportunity Employer. We are committed to creating an inclusive environment for all employees.

At this time, B Generous can only hire individuals authorized to work in the United States. We are unable to sponsor visas.