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This is an early-career opportunity for individuals with an interest in small business lending to immigrants and refugees. Previous related work experience is not required. Fluency in a second language, particularly one that is helpful to communities we serve, is highly desirable.

This full-time paid position will require a 12-month commitment to work at Accompany Capital’s office in Jackson Heights, Queens.

The Leonid Ostrovsky Lending Fellow will have the opportunity to receive on-the-job training in leads management, underwriting small business loans, pre and post loan technical assistance, file management, collections, reporting and community outreach and marketing. The Fellow will also engage in research projects and receive mentoring from senior loan officers.

Candidate will receive on-the-job training to undertake the following key responsibilities:

• Assist in the preparation of comprehensive credit memoranda for Loan Committee review based on loan application data and other pertinent information collected from the loan applicant(s) and various sources.
• Prepare spreadsheets and analyze loan client financial statements and tax returns.
• Ensure that all credit memoranda are accurate and complete with proper loan structuring, identify risk analysis and risk mitigation strategies, and adhere to Accompany Capital’s Loan Policies and Procedures.
• Attend Loan Committee meetings and, as needed, participate in credit discussions with Loan Committee members.

Requirements

• Keen interest in small business lending.
• Bachelor’s degree, preferably in business, finance, or economics.
• Proficiency in English, both verbal and written.
• Fluency in a second language, particularly one that is helpful to communities we serve, is highly desirable.
• Desire to work in a multicultural environment.
• Interest in technology and how to adopt new systems to increase efficiency.
• Willingness and ability to travel within New York City to engage in marketing and outreach activities.
• Authorization to work in the US.

Schedule

Accompany Capital is currently following a hybrid work policy with three days in the office and two days working remotely; however, this is subject to change.

Compensation and Benefits

• Salary: $48,000 per year
• Medical and dental insurance
• Holiday, vacation, and sick pay

How to Apply

Please submit the following to [email protected] by September 1st:

• Resume
• Cover Letter explaining your interest in this opportunity and how your education and experiences have prepared you for this role

Please email [email protected] or call 212-898-7815 if you have any questions about the fellowship or application process.

This Fellowship is named in memory of Accompany Capital’s Chief Lending Officer from 1997 to 2023, who left an indelible mark on the CDFI sector. Leonid’s passion for small business lending to underserved communities inspired us to create an opportunity for early career professionals, or those wishing to make a career change, to learn and gain paid experience. The Leonid Ostrovsky Lending Fellowship will learn how to provide access to capital to immigrant, refugee, and other underserved entrepreneurs, the importance of which he understood as a Ukrainian refugee.

If you’re interested in supporting the Leonid Ostrovsky Lending Fellowship, please contact Claire Gohorel for more information or donate here.