Background:
OFN is a leading national network of CDFIs (Community Development Financial Institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.
Position Summary:
The Events Coordinator will work with the EVP, Membership and the EVP, Knowledge Sharing in coordinating, planning, and executing OFN’s events. Specifically, this position coordinates and organizes event logistics to ensure successful Annual Conferences, Small Business Finance Forums, regional meetings, advocacy days, webinars, trainings, and other meetings and events as necessary.
Responsibilities:
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Plan and coordinate events (both in-person and virtual) in conjunction with the EVP, Membership and EVP, Knowledge Sharing.
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Anticipate event needs, manage event planning calendar and scheduling, discern work priorities, monitor event timelines ensuring deadlines are met.
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Lead the call for sessions process: update and send invitation, organize responses, recruit reviewers, prepare ranking sheets, organize reviewer responses.
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Manage event registration: update web site content, track comp codes, handle all registration inquiries, provide registration information to Meeting Planner in a readily usable form and on a timely basis, conduct on-site registration and manage attendee issues.
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Manage Conference breakout session presenters: communicate key dates, gather speaker needs, handle inquiries, communicate needs to Meeting Planner.
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Manage internal and external requests for meeting space at conference hotel: create request forms, communicate with those making requests, and coordinate approved requests with Meeting Planner for space assignment.
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Maintain inventory of event-related items (e.g., name badges, lanyards, binders), prepare meeting materials such as agendas and name badges, ensure training binders are properly assembled, and ensure materials are shipped to event location on time.
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Lead attendee evaluation process for all events. Prepare summary reports for staff and Board.
Requirements:
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Bachelor’s degree or 5-7 years of work experience in lieu of a degree.
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1-3 years of professional experience in event or project management.
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Professional event planning experience of events up to 1,500 people
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Knowledge of the CDFI industry is strongly preferred.
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Experience drafting original audience specific communications for management review and publication required.
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Must be proficient with MS Office Suite products.
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Excellent organizational and problem-solving skills with a keen eye for detail.
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Ability to manage multiple projects simultaneously with ease and efficiency under minimal supervision.
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Ability to work constructively with a diverse audience.
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Light to moderate travel required (5-10% of time).
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No extraordinary physical requirements beyond ability to travel.
Compensation:
Commensurate with experience.
How to Apply:
Background:
OFN is a leading national network of CDFIs (community development financial institutions) with offices in Philadelphia and Washington D.C. In pursuit of a mission to align capital with social, economic, and political justice, OFN supports its member CDFIs with money, strength, and voice to drive transformational change in underserved communities nationwide.
Position Summary:
This position is primarily responsible for assisting the Vice President, Loan Operations in the administration of OFN’s Bond Guarantee Loans. Such assistance will include collateral management, compliance management, database management, loan servicing monitoring and recordkeeping. Responsibilities also include assistance with OFN’s existing loan portfolio.
Responsibilities:
- Support the preparation and submission of the Bond Guarantee Program application via collection, organization and remittal of financial documents.
- Review and coordinate documents associated with borrowers requisition of Bond funds for completeness and compliance with the Bond Guarantee Program requirements.
- Provide payment oversight of Bond Loans, management of Bond Loan collateral. Ensure proper administration of all Secondary Loan documents by the borrower including the creation and perfection of required security interests and liens on Secondary Loans.
- Perform first level review of the performance, replacement and removal of Bond Loan Collateral and ensure non-performing collateral is replaced in a timely fashion.
- Ensure borrowers maintain the required amount of collateral per Bond Loan legal documents.
- Monitor escrow agent activities and the custody of Secondary and Tertiary Loan documents held by the escrow agent.
- Review, coordinate and test for compliance with covenants of the borrower.
- Track and submit monthly, quarterly and annual reports to the CDFI Fund to support compliance with the terms and conditions of the Bond documents via database management systems.
- Process documentation as needed to declare Events of Default under the Bond Guarantee Program and initiate remedies when necessary.
- Assist with administration of OFN’s existing loan portfolio including collection and coordination of loan documentation, on-boarding and modifications to existing loans, ensure closing conditions are met, and initiate the funding for each loan closing.
- Prepare timely submissions of internal and external departmental reports.
- Prepare and review invoices for loans and asset management.
- Preserve, maintain and update borrower files and legal documents as needed.
- Assist other financial services team members on projects or deliverables, as requested by the VP, Loan Operations.
Requirements:
Education and Experience:
- Bachelor’s Degree or 5+ years direct work experience required.
- 1-3 years of experience in lending markets that have similar characteristics to the loans of OFN, and/or title or mortgage industry experienced required.
- Experience in loan operations with a financial and /or nonprofit institutions preferred.
- Experience in multi-party lending structures, with borrowers, lenders, banks and servicers and backup servicers preferred.
- Experience preparing loan documents utilizing a Loan Servicing Software or standard templates as well as CRM system experience desirable.
- Experience or knowledge of the CDFI Industry a plus.
- Experience in nonprofit or small office environment a plus.
Knowledge, Skills, Abilities, and Physical Requirements:
- Knowledge of accounting or lending practices required.
- Superior analytical and organizational skills required.
- Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance.
- Ability to understand and modify financial statements is preferred.
- Ability to understand loan documentation is required.
- Ability to review the work of other partners/subcontractors is required.
- Superior interpersonal skills and ability to work well with diverse constituents is required.
- Knowledge of and commitment to community development preferred.
- Proficiency with MS Office and database software is required.
- Ability to work independently or in team environment as required.
- Ability to manage multiple tasks effectively and efficiently under moderate supervision.
- Some travel required (<10% of time).
- No extraordinary physical requirements beyond ability to travel.
- Job involves normal physical requirements for an office position.
Compensation:
Commensurate with experience
How to Apply:
To Apply visit our online application portal at: https://theapplicantmanager.com/jobs?pos=OF139
Background:
FINANTA is a nonprofit lending institution facilitating access to capital and consultation services for entrepreneurs, consumers and first-time homebuyers in the Philadelphia region. FINANTA aims to promote the growth and economic expansion of diverse communities and commercial corridors through the infusion of capital and the provision of business, consumer and homebuyer consultation services and technical assistance, in a manner that is uniquely conscious of the cultural, social and language barriers that growing immigrant and minority populations face. FINANTA serves: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia Counties in Pennsylvania; Camden County in New Jersey; and the State of Delaware.
Position Summary:
The Loan Servicer will assist the lending staff in the delivery of first-time home buyer mortgages, entrepreneur and nonprofit economic development loans. In addition, this position will have administrative responsibilities including greeting and receiving visitors and clients.
Responsibilities:
Main responsibilities for administrative duties:
• Must be bilingual in English & Spanish with excellent oral and written skills
• Greet and receive all incoming visitors/clientele and direct to the appropriate staff person.
• Receive all mail & packages, sort and distribute to appropriate party.
• Mail all correspondence as assigned.
• Type reports, proposals, letter, memos, labels and other correspondence.
• Maintain FINANTA’s event calendar.
• Perform other related duties as assigned.
Main Responsibilities for Loan Servicing Duties:
• Assist and prepare loan portfolio reports for Accounting Department.
• Maintain collection process - make sure customers are making timely payments.
• Prepare Loan Documents for Closing and review title search.
• Upon loan closing, create binder for the customer, including respective sections.
• Coordinate with lenders to record documents in the City and State, have proper follow up, and file documents once back from being recorded.
• For clients, draft and mail letters requesting an appointment for site visits, inform clients about missing information for pick up at site visit per closing list.
• Maintain current insurance information on each file to avoid a lapse in coverage.
• Prepare paid-off loan files for archiving.
• Order Title Search/Appraisal/Mortgage pay-offs and follow up on timelines.
• Review loan data and database information to ensure accuracy and integrity. Generate portfolio reports (accounting, employment, escrows, & insurance reports).
• Review and monitor escrow holdback accounts.
• Report any conditions affecting customer satisfaction.
• Review documentation to determine that loans complies with FINANTA’s policies, procedures, and loan approval closing conditions.
Requirements:
Qualifications:
• Must be able to speak and write excellent English & Spanish.
• Minimum two year college degree or minimum two-year loan servicing experience required.
• Strong computer skills - Microsoft Office, automated accounting system and a loan database.
Compensation:
Commensurate with experience
Job Benefits:
• HMO medical, vision, dental
• Short/long term disability coverage
• Life insurance
• 401K employee retirement plan after one year matched by FINANTA up to 4% of total yearly salary
• Paid time off
How to Apply:
Our partner Community First Fund is assisting us (FINANTA) with the hiring process.
Interested candidates should send a cover letter and resume to Cindy Stewart at cstewart@communityfirstfund.org
Background:
We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to life the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.
Position Summary:
The Portfolio Manager supports all members of Community Development Group (CDG) meet Charles Schwab Bank’s Community Reinvestment Act (CRA) obligation. CDG supports programs that help meet the lending, investment and service needs of all our communities, including low- and moderate-income (LMI) neighborhoods. We recognize that serving our communities through sound lending and good business practices benefits both the communities and the Banks themselves.
CDG is responsible creating a CRA strategy; and, developing, implementing and coordinating the Bank’s CRA/community development program. The Manager is specifically responsible for portfolio management and reporting, financial and transaction analysis and due diligence, loan and investment management, data reporting, and operations.
Responsibilities:
Portfolio Management & Reporting
•Provide support for post-closing monitoring and management of loans and investments, including monitoring cash flows, invoicing, and processing wire requests.
•Assist Managing Director, Portfolio Management and Business Operations in processing, creating and distributing reports on a quarterly, annual, and, when necessary, interim basis
•Track the macro- and micro-performance of the CDG portfolio by spreading client financial reports, communicating with clients, and critically assessing the clients’ financial performance.
•Track and report on progress made toward Charles Schwab Bank’s CRA goals
Underwriting Support
•Assist Managing Director, Lending and Compliance in performing due diligence, financial analysis and underwriting loan transactions
Operations
•Improve streamlining of operations infrastructure, with a focus on automating operations portfolio management and reporting.
•Proactively streamline operational processes in support of improved CDG collaboration and productivity; the life cycle of loans, investments and grants; and best in class client experience.
•Collaborate to develop strategies to build and connect our team through meaningful communications and activities.
•Identify and implement data analytics resources in support of CDG processes, portfolio risk management, and strategic planning & forecasting.
•Identify, collect and centralize critical social impact and facility, portfolio and industry level data in support of mitigating risk, effective reporting, decision-making, and achieving our CRA goals.
Special Projects
•Support the team, especially Managing Directors and Vice President, on special projects.
•Conduct financial analyses, market and product research to evaluate existing and new products and programs.
•Represent the Bank at local industry and client events.
Requirements:
Minimum five years of experience in finance and/or community development banking, preferably in small business and/or affordable housing
•Minimum four years of experience in portfolio management
•Strong attention to detail, excellent analytical and quantitative talent
•Excellent proficiency in Microsoft Excel, Microsoft PowerPoint and other Office products
•Adept at learning new technology
•Familiarity utilizing Salesforce and Tableau
•Strong written and verbal communication skills
•Strong organizational, project, and time management skills
•Familiarity with GAAP accounting preferred
•Ability to work across organizational boundaries and build strong partnerships with other departments within the Firm and vendors outside the Firm
•Strong interpersonal skills and ability to convey financial messages in easy to understand language
•Ability to self-lead and work with little supervision
•Ability to collaborate with a geographically disbursed team
•Collaborative, innovative and highly accountable mindset
•Bachelor’s degree required; advanced degree such as MBA or Master of Finance, Urban Planning, Public Administration, etc. preferred
Compensation:
DOE
How to Apply:
http://www.schw.jobs/tp/rj6-gI2O5.e-K
Background:
At AltCap, we believe that equitable access to capital creates stronger communities and a thriving, inclusive economy. For over 10 years we have deployed capital in communities and to small businesses underserved and overlooked by mainstream financial institutions – financing catalytic real estate development projects and job creating, growth enabling businesses investments.
Having passed the Tax Cuts and Jobs Act in 2017, Congress authorized the establishment of Opportunity Zones to encourage patient capital investments in low-income urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors to re-invest their unrealized capital gains into dedicated Opportunity Funds which in turn make equity investments in qualifying assets (e.g. businesses or projects) in the designated Zones.
With the creation of the AltCap Opportunity Fund, AltCap intends to further its impact-driven capital deployment in targeted communities to accelerate the development of catalytic real estate projects as well as the growth of small businesses, in particular minority- and women-owned enterprises. By providing community-oriented development projects and small businesses with high growth potential the ability to access patient equity financing, AltCap will support the inclusive economic development and growth of low-income communities.
Position Summary:
The Managing Director has an opportunity to play a major role in building out the investment platform of a unique impact investing entity. With ultimate responsibility for the day to day management of the company, execution of its investment strategy, and achievement of its impact investment goals, the Managing Director will play an active role in all aspects of the company’s operations including sourcing deals, delivering written and oral evaluations of business opportunities, preparing and delivering professional marketing presentations to investors, buyers, sellers, and prospective clients, performing detailed company and industry research, preparing financial models and valuation analyses, participating in due diligence and transaction negotiation sessions, closely tracking industry trends, and ensuring that the funds under management exceed the expectations of our clients, while also managing risk to the company.
Responsibilities:
What you’ll do:
• Setting the overall investment thesis, impact strategy and risk-return objectives of the company alongside the Board of Directors.
• Developing a robust investment pipeline that matches a clearly defined investment strategy and impact objectives.
• Performing due diligence on potential investment opportunities as well as negotiating and finalizing deal structures.
• Developing, managing and expanding relationships with investors – including prospect research, creation of a pitch-deck, and presentations.
• Overseeing the preparation of investor materials, including an annual investor prospectus, quarterly and annual reports.
• Managing and developing strong relationships with external business partners including technology, legal, compliance, and our key third-party vendors.
• Supporting the expanding and evolving demand for alternative and impact investment products.
• Exploring ways to improve the company’s competitive position in the alternative and impact investment marketplace by providing new tools and capabilities that will improve the client experience.
• Forming and developing a team with a balance of subject matter expertise, risk management awareness, client service, and a strong desire to constantly evolve and improve.
Requirements:
What you have:
• A minimum of 7 years capital markets/financial services experience. At least 5 years of track record making recommendations and decisions on specific investments based upon fundamental research and analysis.
• Capital raising experience including sourcing, engaging and raising capital from a targeted investor base for single or multi-asset investment funds.
• Deep capital markets securities knowledge that includes an understanding of complex investment products and financing structures.
• Demonstrated passion for impact investing, development finance or social enterprise work.
• Familiarity with the latest impact measurement and management approaches.
• Relentless drive to achieve results and established performance goals.
• A commitment to inclusive economic development and growth as well as a strong belief in individual economic and social empowerment through entrepreneurship.
• Exceptional communications skills and a commitment to client service.
• Self-motivated leader with entrepreneurial mindset.
• BA/BS degree required – advanced degree preferred.
• Series 65 license, CFA or other professional investment credentials preferred.
Compensation:
What you’ll get:
• Comprehensive compensation (including profit sharing) and benefits package.
• Not just a job, but an opportunity to do the best work of your life building a unique investment entity making transformative investments in communities and businesses throughout the region.
How to Apply:
Please email to ruben@alt-cap.org 1) a resume or CV, 2) list of three professional references, and 3) a one-page cover letter articulating how you think Opportunity Zones can support inclusive, transformational economic development of low-income communities.
Background:
FINANTA is a nonprofit lending institution facilitating access to capital and consultation services for entrepreneurs, consumers and first-time homebuyers in the Philadelphia region. FINANTA aims to promote the growth and economic expansion of diverse communities and commercial corridors through the infusion of capital and the provision of business, consumer and homebuyer consultation services and technical assistance, in a manner that is uniquely conscious of the cultural, social and language barriers that growing immigrant and minority populations face. FINANTA serves: Berks, Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia Counties in Pennsylvania; Camden County in New Jersey; and the State of Delaware.
Position Summary:
I. JOB SUMMARY
The Loan Officer will support FINANTA's delivery of first-time homebuyer mortgages, consumer, entrepreneur, and nonprofit economic development loans. The Loan Officer will facilitate the lending process from start to finish, including origination, underwriting, closing, and ongoing servicing for both existing and new clients, while also providing loan packaging assistance as needed.
• Originate, underwrite, and close loans
• Meet or exceed unit’s monthly loan goals
• Provide loan packaging assistance to customers
• Refer customers to other units of the organization as needed
Responsibilities:
II. JOB FUNCTIONS
Increase customer base
• Build and maintain a pipeline of potential customers within FINANTA’s target market
Assess and identify prospects
• Perform intake process for potential customers and input information in the organization’s database (TEA)
General Underwriting
• Require loan underwriting information and application fee from borrower
• Seek borrower’s permission to pull credit and get the authorization form executed, if applicable
• Pull and review credit
• Conduct site visit to potential borrower, if applicable
• Analyze information (background, expertise, experience, market conditions, competition, financials, sources & uses of funds, budget, credit, risk & mitigating factors, and community impact when underwriting nonprofit loans).
• If declined, draft a letter of decline within 2 weeks from intake
• Draft credit memo for approval
• Seek approval from Management, Credit Committee and / or Board as required per Corporate Policy
• Ensure availability of funds from Accounting prior to commitment
• Refer to technical assistance department for credit coaching as required
Loan Documentation
• Prepare closing list, submit to, and coordinate closing with Loan Servicing Officer
• Prepare loan documents
• Prepare check request and submit to Accounting
• Provide escrows information to Accounting
• Prepare binders and update TEA database
• Input loan information as per reporting requirements
Post-Closing
• Provide closing information to Loan Servicing Officer
• Coordinate first payment and due date with Accounting
• Seek supporting documentation for use of loan proceeds from each borrower
• Support collection process, including site visits and drafting payment plans as needed
• Support defaults and foreclosures according to Corporate Policy
Other Lending Functions
• Contribute to the development of new lending products and services
• Seek customer referrals
• Attend networking events
• Manage existing portfolio and evaluate eligibility and terms for subsequent loan
• Maintain files in TEA database
• Arrange technical assistance for potential customers as necessary
• Document customer success stories, job retention/creation, revenue, assets, credit score changes, and other metrics as necessary at the beginning and the end of loan term
Requirements:
MUST be fluent in English and Spanish due to organization’s diverse customer base
III. JOB REQUIREMENTS
• Tend to evening and weekend work as needed
• Work with and support staff on all programmatic lending implementation activities
• Participate in staff group meetings and provide input as to the impact of lending work implementation
• Work closely with staff under strict accuracy and transparency
• Report on any and all irregularities or improprieties of staff and customers, including, but not limited to conflict of interest
• Pay extreme attention to detail
• Analyze and prepare reports on data analysis
• Focus on understanding needs presented by individuals; remain open and respectful to others' ideas and viewpoints
• Speak clearly and positively, write clearly and informatively, present numerical data effectively, and interpret information competently
• Know mission and business of the organization, and align work and values accordingly
• Follow policies and procedures, complete tasks correctly and on time, contribute to lending goals and objectives
• Approach all people in a tactful manner, react appropriately under pressure, treat others with respect, and accept responsibility
• Follow instructions, respond to directions, keep commitments, understand, agree and comply with customer confidentiality required by the position, and show flexibility in working schedule to meet organization and customer priorities
IV. QUALIFICATIONS/SKILLS/ATTRIBUTES
• An Associate’s or Bachelor’s degree in related field
• At least one (1) year or more experience in mission driven lending
• Excellent writing and verbal communication skills
• High proficiency in Excel and other Microsoft Office software
• MUST be fluent in English and Spanish due to organization’s diverse customer base
Compensation:
Salary commensurate with experience
V. Job Benefits:
• HMO medical, vision, dental
• Short/long term disability coverage
• Life insurance
• 401K employee retirement plan after one year matched by FINANTA up to 4% of total yearly salary
• Paid time off
How to Apply:
Our partner Community First Fund is assisting us (FINANTA) with the hiring process.
Interested candidates should send a cover letter and resume to Cindy Stewart at cstewart@communityfirstfund.org
Background:
ICS is a nonprofit Community Development Financial Institution that provides financial education, small-dollar consumer loans, and access to credit building and asset building opportunities. CASA of Oregon helps local direct-service organizations improve the lives of Oregonians, particularly in the rural areas of the state. We are organizers, advocates and development consultants focused on building hope, homes, and financial health for those in need.
ICS Equity Statement: https://www.innovativechanges.org/equity-statement
Position Summary:
This position will serve in two roles. The primary role will be that of the Loan Coordinator. The Loan Coordinator assists and supports the Innovative Products Manager to facilitate the ongoing success of the lending program. This position will handle many of the day-to-day operations of a busy consumer loan program with up to 300 borrowers in the portfolio, including evaluating loan applications, underwriting loans and performing loan closings with clients. The secondary role is that of Administrative Assistant for the staff of Innovative Changes. Primary duties include being the first point of contact for customers who call or walk in, taking and processing payments, assisting in scheduling events and classes, and some data entry.
Responsibilities:
See: http://bit.ly/ICS_LoanProgramCoordinator
Background:
Finance Fund Capital Corporation (FCAP) is a certified nonprofit community development financial institution (CDFI) that forms public-private partnerships with financial institutions, investors, charitable foundations, community organizations, and federal, state, and local governments to provide flexible financing that supports economic development and job creation in low- to moderate-income communities. We provide urban and rural lending and financing to support a wide range of projects including affordable housing construction or rehabilitation, healthy food retail options in food deserts, small businesses, health care facilities and equipment, and community facilities.
Position Summary:
All aspects of underwriting including reviewing initial applications for completeness, analyzing financial and management capacity. Identifying initial credit issues. Appropriately structure loans based on applicant ability to repay in compliance with internal credit and program policies.
Responsibilities:
Serve as a primary project contact with applicants and institutional partners.
Review and analyze all customer financial information to ensure sound credit decisions are made.
Originate and underwrite loans.
Underwrite loan requests in a timely manner.
Work with applicants through all stages of the borrowing process.
Oversee loan disbursements.
Make presentations to community organizations.
Attend meetings and public events, which provide marketing opportunities.
Some travel within the state of Ohio required.
Requirements:
Possess a bachelor’s degree in business or related field with a minimum of 2 - 5 years pertinent credit and underwriting experience in banking, finance, and/or community development.
Knowledge of multiple types of lending programs strongly desired; experience with SBA-guaranteed lending procedures is preferred, but not required.
Strong credit analysis and risk assessment skills.
Customer oriented.
Able to work independently and as part of a team.
Possess critical thinking skills.
Excellent written and verbal communication skills.
Maintain exceptional customer service to remain consistent with company culture.
Able to manage multiple projects simultaneously.
Compensation:
Negotiable
How to Apply:
To apply for this position, please send a cover letter and resume to Suzette Berry, MBA, the Vice President, Human Resources at Finance Fund and Finance Fund Capital Corporation at SBerry@FinanceFund.org
Background:
Craft3 is a nonprofit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience throughout Oregon and Washington communities.
Position Summary:
Craft3 is looking for a Risk Manager & Workout Office to support the Craft3 Commercial Lending business unit. This position will be responsible for following the appropriate risk management protocols to minimize losses and maximize resolutions with borrowers. The position focuses on evaluating credit risk, negotiating and restructuring problem loans as administrating the construction and multi-disbursement loan process.
Responsibilities:
• Manage a portfolio of performing and problem assets, communicate and escalate concerns or borrower limitations to lending and credit personnel. Make recommendations to the Special Assets Committee or Small Loan Special Assets Sub-Committees on appropriate course of action(s).
• Manage client communication, including in-person meetings, site visits, phone calls, and written communications throughout the time the credit is managed by Risk Management.
• Analyze customer performance, credit underwriting and loan documentation to develop and implement modified repayment terms.
• Work directly with assigned borrowers to negotiate work out and recovery plans and track performance.
• Lead past due payment process, maintain tracking system, manage reporting and generate past due, forbearance or default letters as appropriate. Work with loan officers, and other staff to identify early stage problems and build action plans to prevent further credit deterioration.
• Manage SBA Servicing and Liquidation process.
• Share information and knowledge on challenged credits with colleagues to enhance the knowledge base and productivity across the organization.
Risk Management:
• Administer construction and multi-disbursement loans monitoring process, tracking project progress, ensuring compliance, and managing reporting requirements
• Oversee monitoring of Lines of Credit, including Asset Based Lines
• Perform broader loan portfolio monitoring
• Assist with reviews of Craft3’s wholesale loan portfolios.
• Serve as back up on managing Craft3’s OREO’s and other assets taken in collection actions
• Perform post-closing loan reviews to verify loans were closed as approved and per standard securitization protocols
• Analyze portfolio for trends in risks (e.g. investigate trends in CITs, industry effects on borrowers), as requested
• Collaborate with Consumer Division to identify and implement synergies in past due and recovery process.
Requirements:
Minimum three to five years’ experience in community development, banking/lending, program management, nonprofit management, and/or customer service; or equivalent combination of education and relevant business experience, particularly in regards to financial analysis, credit review, troubled loans and negotiations.
Compensation:
Craft3 offers a competitive salary of $70,000 - $84,000 annually, based on experience and skills. Excellent benefit package: medical, dental, vision, Life/AD&D, LTD/STD insurance, paid sick and vacation leave, volunteer time off, wellness program, transportation, flexible schedule, and 403B Retirement savings plan with employer match.
How to Apply:
Application deadline is Friday, May 10, 2019.
Complete job description, application, and benefits online at: www.Craft3.org/Careers/Jobs
Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.
Background:
Craft3 is a nonprofit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience throughout Oregon and Washington communities.
Position Summary:
Craft3 is looking for a Risk Manager & Workout Office to support the Craft3 Commercial Lending business unit. This position will be responsible for following the appropriate risk management protocols to minimize losses and maximize resolutions with borrowers. The position focuses on evaluating credit risk, negotiating and restructuring problem loans as administrating the construction and multi-disbursement loan process.
Responsibilities:
• Manage a portfolio of performing and problem assets, communicate and escalate concerns or borrower limitations to lending and credit personnel. Make recommendations to the Special Assets Committee or Small Loan Special Assets Sub-Committees on appropriate course of action(s).
• Manage client communication, including in-person meetings, site visits, phone calls, and written communications throughout the time the credit is managed by Risk Management.
• Analyze customer performance, credit underwriting and loan documentation to develop and implement modified repayment terms.
• Work directly with assigned borrowers to negotiate work out and recovery plans and track performance.
• Lead past due payment process, maintain tracking system, manage reporting and generate past due, forbearance or default letters as appropriate. Work with loan officers, and other staff to identify early stage problems and build action plans to prevent further credit deterioration.
• Manage SBA Servicing and Liquidation process.
• Share information and knowledge on challenged credits with colleagues to enhance the knowledge base and productivity across the organization.
Risk Management:
• Administer construction and multi-disbursement loans monitoring process, tracking project progress, ensuring compliance, and managing reporting requirements
• Oversee monitoring of Lines of Credit, including Asset Based Lines
• Perform broader loan portfolio monitoring
• Assist with reviews of Craft3’s wholesale loan portfolios.
• Serve as back up on managing Craft3’s OREO’s and other assets taken in collection actions
• Perform post-closing loan reviews to verify loans were closed as approved and per standard securitization protocols
• Analyze portfolio for trends in risks (e.g. investigate trends in CITs, industry effects on borrowers), as requested
• Collaborate with Consumer Division to identify and implement synergies in past due and recovery process.
Requirements:
Minimum three to five years’ experience in community development, banking/lending, program management, nonprofit management, and/or customer service; or equivalent combination of education and relevant business experience, particularly in regards to financial analysis, credit review, troubled loans and negotiations.
Compensation:
Craft3 offers a competitive salary of $70,000 - $84,000 annually, based on experience and skills. Excellent benefit package: medical, dental, vision, Life/AD&D, LTD/STD insurance, paid sick and vacation leave, volunteer time off, wellness program, transportation, flexible schedule, and 403B Retirement savings plan with employer match.
How to Apply:
Application deadline is Friday, May 10, 2019.
Complete job description, application, and benefits online at: www.Craft3.org/Careers/Jobs
Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.
