Commercial Loan Compliance and Portfolio Manager

Background

The South Carolina Community Loan Fund (SCCLF) is a statewide, nonprofit Community Development Financial Institution (CDFI) certified by the U.S. Treasury and a Community Development Entity (CDE) with the mission to advance equitable access to capital to build assets and benefit communities and people most in need of economic opportunity. We provide loans and technical assistance to nonprofits, for profits, and government entities to support the development of affordable housing, community facilities, and small businesses.  SCCLF is a dynamic organization with growing team working across offices in Charleston, Columbia, and Greenville. We loan and revolve capital to continually expand and sustain our mission.  For more information about our programs and services visit www.sccommunityloanfund.org.

Summary

The Commercial Loan Compliance and Portfolio Manager (CLCPM) role is a challenging and rewarding opportunity to support the organization’s financial management, compliance, and operations. A qualified candidate will be responsible for controlling loan accounting records and reports, ensuring adherence to state and federal lending laws and regulations. This role handles the servicing of the loan portfolio, oversees loan closings and modifications, conducts site visits and loan monitoring, and handles borrower correspondence. The successful candidate will be detail-oriented, thrive in a fast-paced environment, and can creatively solve problems and make sound decisions quickly. He/she must be a self-starter who can work independently and as part of a team, be comfortable taking initiative, apply critical analysis and embrace occasional ambiguity. This position reports to the Chief Lending Officer.

Responsibilities

Lending

• Manage loan servicing functions and coordinate lending processes, including loan documentation and closing.
• Conducted construction site monitoring, gathered and compiled data, and prepared various reports.
• Issue correspondence and maintain good borrower relations.
• Review the organization’s loan portfolio continuously to prevent or minimize loan losses.
• Ensure loan documentation complies with loan committee approvals and state and federal regulations.
• Assist in detecting loan quality deterioration and ensure internal compliance objectives are met.
• Participate in Housing and Commercial Loan Committee meetings and other meetings as needed.

Business Technical Assistance

• Work with borrowers to maintain compliance with SCCLF and other investor requirements.
• Communicate with the lending team regarding troubled loans or when borrowers need general business assistance.
• Inform Executive staff of barriers and challenges borrowers face that impede their access to capital.

Post-Closing

• Process loan closing documents and use servicing software to manage borrower payments.
• Process invoices and send monthly ACH payments for SCCLF clients.
• Confirm wiring instructions and submit wires for disbursements.
• Follow up on delinquent loans and propose solutions to mitigate default risk.
• File appropriate documents with regulatory commissions in South Carolina.

Reporting, Data Collection & Quality

• Create data-driven reports to provide meaningful insights for crucial decision-making and strategy-building.
• Present information to various stakeholders.
• Enter data and pull reports from Salesforce.
• Complete monthly portfolio reports.
• Complete quarterly investor and impact data reports.
• Provide data for various CDFI rating agencies such as AERIS.
• Work with other SCCLF team members to effectively track lending impact against compliance requirements.
• Ensure accurate data collection and entry into Salesforce.

Compliance

• Provide interpretations, clarifications, and advice to management to assist in optimal decision-making.
• Disseminate information regarding new or amended regulations to appropriate personnel.
• Establish, review, and monitor the SCCLF’s system of internal controls for loan compliance.
• Serve as a resource for management, lending officers, operations personnel, customer contact personnel, and other staff regarding compliance laws and regulations.
• Attend ongoing compliance seminars and programs.
• Review, prepare, and implement lending policies and procedures to achieve regulatory compliance.
• Work with attorneys, appraisers, and title companies to draft loan documents and order commercial appraisals.
• Review appraisals and ensure no errors in property title.
• Communicate at all levels of the organization.

Requirements

• Strong analytical skills with attention to detail.
• Ability to prioritize multiple responsibilities and manage competing priorities.
• Understanding of community development finance.
• Strong organization, communication and presentation skills.
• Significant external client contact and business skills.
• Understanding of real-estate-based lending.
• Ability to create data-driven reporting.
• Proficiency with MS Office applications and virtual conferencing platforms (Teams, Zoom, etc.).

PHYSICAL REQUIREMENTS

• This is largely a sedentary role. Must be able to lift up to 20 pounds occasionally.

WORK SCHEDULE

• SCCLF currently provides a flexible and hybrid working environment. Upon accepting an offer, the candidate will be required to work on-site up to four (4) days per week during the 90-day training period. Occasional flexibility is necessary as some company-sponsored events may occur outside of regular working hours and/or at one of the other office locations.

Compensation and Benefits

SALARY:  $65,000 (commensurate with experience)

ELIGIBLE BENEFITS (after 60 Days of Employment)  

• Health insurance subsidy (full-time employees ONLY)
• Medical, dental, and vision insurance
• Life and long-term disability insurance
• Hybrid work environment
• Unlimited Paid Time Off (PTO) + 14 paid holidays per year and a weeklong winter holiday
• $2,000 Professional development stipend
• Mileage reimbursement for out-of-town travel
• Cell phone stipend
• Company contribution of 3% of the annual salary toward a 403(b)-retirement plan (after 90-days)

How to Apply

To apply, please send your resume and cover letter via email to [email protected] with the subject line “Application: Commercial Loan Compliance & Portfolio Manager”.  Application Deadline: September 15, 2024 at 5pm EST.

The South Carolina Community Loan Fund (SCCLF) is an Equal Employment Opportunity Employer.