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Credit Risk Developer Jobs in Indianapolis, IN (NOW HIRING)

CREA, LLC

Asset Manager - Stabilized

Indianapolis, IN · On-site

... credit (LIHTC) syndicator forming long-term relationships with investors and developers that ... Analyze with Investment Central (MRI) partnership financial statements and perform risk rating ...

CREA, LLC

Asset Manager - Stabilized

Indianapolis, IN · On-site

... credit (LIHTC) syndicator forming long-term relationships with investors and developers that ... Analyze with Investment Central (MRI) partnership financial statements and perform risk rating ...

CREA, LLC

Asset Manager - Stabilized

Indianapolis, IN · On-site

... credit (LIHTC) syndicator forming long-term relationships with investors and developers that ... Analyze with Investment Central (MRI) partnership financial statements and perform risk rating ...

Old National Bank

Commercial Banker

Indianapolis, IN

$77K - $153K/yr

... developers and consumers. The Commercial Banker maintains acceptable credit quality and appropriate ... Anticipates risk and develop contingency plans to manage risks. * Identifies opportunities for ...

MILHAUS

Debt Capital Markets Manager

Indianapolis, IN · On-site

This position will also be responsible for executing any corporate debt or line, credit initiatives ... Manages any debt programming including roadshows, investor events, annual meetings, speaking ...

MILHAUS

Debt Capital Markets Manager

Indianapolis, IN · On-site

This position will also be responsible for executing any corporate debt or line, credit initiatives ... Manages any debt programming including roadshows, investor events, annual meetings, speaking ...

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All JobsCredit Risk Developer JobsCredit Risk Developer Jobs in Indianapolis, IN

Credit Risk Developer information

What is the difference between Credit Risk Developer vs Credit Analyst?

AspectCredit Risk DeveloperCredit Analyst
Required CredentialsBachelor's in Finance, Economics, or related field; often some programming knowledgeBachelor's in Finance, Economics, or related field; strong analytical skills
Work EnvironmentDevelops risk models, works with data and software toolsAnalyzes credit data, assesses borrower risk, prepares reports
Employer & Industry UsageFinancial institutions, banks, credit agenciesBanks, lending institutions, credit bureaus

While both roles focus on credit, the Credit Risk Developer primarily builds and maintains risk models using programming and data analysis, whereas the Credit Analyst evaluates individual creditworthiness and prepares risk assessments. Both roles are essential in credit decision processes but differ in technical focus and daily tasks.

What is a credit risk developer?

Credit Risk Developers are specialized software developers who design, build, and maintain systems that assess and manage financial risk for lending institutions or investment firms. They create algorithms and tools that analyze credit data, model potential losses, and ensure compliance with regulatory requirements. Their work supports decision-making processes related to lending, underwriting, and portfolio management. Typically, they collaborate closely with risk analysts, data scientists, and financial professionals to develop solutions that improve risk assessment accuracy and efficiency.

How does a credit risk developer typically collaborate with risk analysts and business stakeholders?

A Credit Risk Developer often works closely with risk analysts to understand credit risk models and translate their requirements into robust software solutions. Regular meetings with business stakeholders are common to gather feedback, ensure alignment with regulatory standards, and adapt to changing business needs. This role requires strong communication skills to bridge the gap between technical and non-technical teams, ensuring that risk assessment tools are both accurate and user-friendly.

What are the key skills and qualifications needed to thrive as a credit risk developer?

To thrive as a Credit Risk Developer, you need strong programming skills (such as Python, Java, or C++), a solid background in mathematics or finance, and experience with credit risk modeling. Familiarity with risk management systems, statistical analysis tools, and relevant certifications (like FRM or CFA) is often required. Exceptional problem-solving abilities, collaboration, and clear communication set outstanding candidates apart. These skills ensure accurate development and maintenance of credit risk models, enabling effective risk mitigation and regulatory compliance in financial institutions.
What are popular job titles related to Credit Risk Developer jobs in Indianapolis, IN? For Credit Risk Developer jobs in Indianapolis, IN, the most frequently searched job titles are:
What job categories do people searching Credit Risk Developer jobs in Indianapolis, IN look for? The top searched job categories for Credit Risk Developer jobs in Indianapolis, IN are:
Credit Risk Developer jobs near you

Asset Manager - Stabilized

CREA, LLC

Indianapolis, IN • On-site

Full-time

Re-posted 7 days ago

Job description

CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With 25 years in affordable housing, CREA has raised $13.5 billion, resulting in the formation of over 97,500 homes within 1059 communities across the country. Thanks to the contributions of over 135 employees, CREA continues to seek talented, passionate individuals who are excited about opportunities to grow with us. We are looking to add a talented Asset Manager - Stabilized to the Asset Management department in the Indianapolis CREA office.
Physical Presence: In-Office Tue - Thu; Flexible Mon & Fri
Open to: Indianapolis, IN
Reports to: Senior Vice President, Asset Management
Position Summary:
This position will play an important role in managing assets in the Stabilized phase within CREA, LLC's portfolio of Section 42 low-income housing tax credit properties.
Primary Responsibilities:
Portfolio Management
  • Maintain a detailed working knowledge of each property within the assigned portfolio.
  • Oversee and monitor LIHTC properties from Stabilization (receipt of executed 8609s or final release of equity) through the end of the 15-year compliance period.
  • Act as a liaison between CREA and its operating partners within the CREA Portfolio to provide ongoing monitoring and updates to CREA's investor partners.

Reporting & Compliance
  • Collect, review, and provide financial reporting on a monthly, quarterly, and annual basis for properties.
  • Analyze with Investment Central (MRI) partnership financial statements and perform risk rating analysis.
  • Perform cash flow analysis and ensure distributions are made timely and in accordance with agreements.
  • Collect tax returns and audits from the lower-tier partnerships and coordinate review and approval through CREA Fund Management Group.
  • Monitor properties for compliance with partnership agreements.
  • Maintain a detailed working knowledge of Section 42 LIHTC program compliance requirements.
  • Review GP requests on potential deal changes and prepare formal requests for Investor Relations
  • Coordinate annual compliance and insurance reviews with third-party consultant

Technology & Special Projects
  • Work with a centralized database system (MRI) to track property data, monitor performance, and produce investor reports.
  • Special projects and reporting as requested.

Site Visits
  • Perform annual site visits to properties and follow up on deferred maintenance comments until corrected. Up to 8 weeks of travel annually expected.

Requirements
  • Bachelor's degree with a major in accounting, finance, real estate, or another business-related field
  • A minimum of two years of work in the areas of asset management, accounting, and/or the multifamily affordable housing industry.
  • Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word.
  • Must have excellent communication skills and the ability to comfortably interact with senior management internally and a large external client base.
  • The ability to identify and verbalize issues with partners.
  • Currently has or has the ability to receive an LIHTC Compliance Certification.
  • A valid driver's license is required for travel of up to 20% annually, with some overnight.
  • Must possess and be able to demonstrate effectiveness with each of the following Core Competencies:

Core Competencies:
  • Excellent problem-solving, organizational, interpersonal, and time management skills.
  • Ability to identify, simplify, process, and resolve complex issues.
  • Excellent oral and written communication skills.
  • Ability to efficiently receive, monitor, and follow through with requests, projects, and problems to completion.
  • Ability to multitask, prioritize, and meet deadlines.
  • Ability to manage and administer sensitive and confidential information.
  • Must have strong initiative and ability to work with minimal guidance & supervision.
  • Commitment to excellence, attention to detail, and accuracy, providing high-quality work products.

Our Values:
  • We work as a family, investing in each other, worthy causes, and the communities we serve.
  • We have integrity in all that we do; we embrace differences and treat others with kindness and respect.
  • We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients.

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