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Underwriting Consultant (Contract Position)

Los Angeles, CA or Remote

About REDF

See what a job can do!

REDF is a venture philanthropy organization that invests exclusively in the growth and effectiveness of social enterprises―double bottom-line businesses dedicated to helping people who otherwise would be shut out of the workforce, get jobs, keep jobs, and build a better life. Since 1997, REDF has provided funding and specialized advisory services to over 143 social enterprises in 26 states, employing nearly 42,000 people and generating $845 Million in earned revenue to help them and the people they employ, succeed, and make spending for government programs go further.

Now REDF is expanding the impact of its work nationally, building the field of social enterprise, deepening the evidence base to demonstrate the return on investment, and partnering with some of the most effective and innovative social enterprises around the country to strengthen their business, scale their impact, and help tens of thousands more people transform their lives and futures.

Position Overview

Reporting to the Director of Impact Lending, the Underwriting Consultant will be responsible for underwriting loans to employment social enterprises (ESEs), which are revenue-generating, for-profit or non-profit double bottom line companies. You will be doing rigorous financial, operational and organizational analysis in both qualitative and quantitative formats, and synthesizing findings into underwriting memos to an internal audience.


Loan Underwriting
• Perform due diligence analyses of borrower financials, operations, programs, and management, using both company and environmental factors.
• Produce robust financial models and perform scenario analyses, build and sensitize cash flow projections, assess creditworthiness and borrower ability to repay debt, identify risks and mitigants, and construct narrative on borrower background, history, and plans for growth.
• Flag and escalate issues of concern during underwriting and propose potential solutions as it may relate to risk mitigation, working closely with Director of Impact Lending as necessary.


• Minimum five years’ underwriting experience within lending (commercial banking or CDFI lending preferred) or impact investing.
• Experience working with both for‐profit and non‐profit borrowers strongly preferred, with an ability to integrate double-bottom line metrics.
• Demonstrated expertise in cash flow-based credit analysis and financial and operational due diligence of small businesses is required. Experience with priority lending sectors a plus.
• Strong financial modeling and financial statement analysis skills.
• Proven ability to synthesize and communicate findings in writing in underwriting memos to an internal audience.
• Proven ability to identify areas of further information needs and requests from borrowers.
• Excellent judgement, ability to efficiently incorporate feedback, and a track record of meeting pr0ject milestones and deadlines.
• Proficiency using Salesforce to enter borrower information and track incoming materials.
• MBA preferred; or other graduate degrees or experience demonstrating qualifications above.


$60-75 hourly rate, dependent on experience

Join Us!

Please submit your resume and cover letter via REDF’s applicant portal. A personalized cover letter is required; applications without one will not be considered.

REDF is an equal opportunity employer and is committed to a policy of equal treatment and opportunity in every aspect of its relations with staff members and prospective employees and will not discriminate against applicants for employment because of race, creed, color, national origin, age, disability, marital status, sex, or sexual orientation. REDF encourages employment applications from people who are representative of the culturally and ethnically diverse communities REDF serves. Under the Los Angeles Fair Chance Ordinance, REDF will consider for employment qualified applicants with arrest and conviction records.

Application Deadline

October 15, 2019