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The track record of today’s opportunity finance industry is impressive. All financing directly benefits low-income and low-wealth people to increase access to homeownership opportunities, affordable rental housing, thriving small businesses, and critical services such as childcare, healthcare, and education.

Do you want to develop innovative strategies? Combine your business acumen with an unwavering dedication to making a difference in people’s lives? Change the rules of financing? Make your impact and join the opportunity finance field.

To submit a job listing, please use our online form. If you need to edit or remove a posting, please contact info@ofn.org. Submissions will be reviewed to ensure relevancy to the industry, and posted within 2 business days.

Director of Lending IFF
Chicago, IL
Job Function: Lending/Loan Operations
Posted: September 17, 2018

Background:

The Organization

IFF improves the world by strengthening nonprofits and the communities they serve. As a mission-driven lender, real estate consultant, and developer, IFF helps communities thrive by creating opportunities for low-income communities and persons with disabilities. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest, we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and grocery stores. Staff contributes its extensive business experience with an unrivaled connection to the mission of IFF and the nonprofit clients it serves.

IFF is looking for candidates with a commitment to the work it does and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor.

Our staff of nearly 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI.

Position Summary:

Basic Job Function

The Director of Lending provides leadership and management of all regional lending activities. The significant focus of the Director will be the Chicago metropolitan area, but the region also includes Central Illinois and Northwest Indiana. The Director will provide input for and execute regional business development and sales activities derived from IFF’s regional marketing strategy. He/she is responsible for setting regional lending goals, sourcing, underwriting and closing loans to target market borrowers and monitoring and maintaining relationships with key borrowers. The Director assists the Managing Director of Lending to develop and maintain visibility and relationships with nonprofits and relevant government, association networks, and others to promote IFF. The Director will also work with the Executive Director – Chicago to implement sales and network activities.

Responsibilities:

Job Duties and Responsibilities:

1. Primary borrower relationship manager for regional lending activities. Provides leadership and management of the loan process to set and meet lending goals, including loan origination and sales, underwriting, analysis, preparation of recommendations to Internal Credit Committee and Loan Task Force, facilitating with the Closing and Portfolio Management team loan closings and loan monitoring.

a. Screens projects for alignment with IFF and department goals. Evaluates loan requests including assessment of agency's management, financial condition and financial projections, project and
operating plans, potential risks and other relevant data to support a recommendation of whether to make the loan. Follows up as necessary with the agency and others to obtain additional
information.
b. Coordinating as necessary with the Loan Program Manager, underwrites, structures, packages and presents loan recommendations for approval to loan committees. Documents terms and
conditions and issues commitment letter.
c. Establishes closing requirements and works with IFF Closing and Portfolio Management team, borrowing agency, and others as necessary to complete required documentation and close loans.
d. Identifies opportunities and fields inquiries for charter school, housing and other specialized loan programs or products and facilitates the handoff to the appropriate IFF loan staff.
e. Provides oversight for other loan staff including support on complex transactions.
f. Works with the Closing and Portfolio Management team to support post-close monitoring including customer check-ins or site visits as required. Coordinates customer relationship management
with Closing and Portfolio Management and supports effective relationship communications. Identifies potential problems and supports Closing and Portfolio Management work with borrowing
agency to minimize late payments. As needed, works with Closing and Portfolio Management to negotiate and follow up on restructures or workouts.
g. In coordination with the Managing Director of Lending, develops and administers the regional lending budget, and reports regional, business development and lending activities to the Chicago
office. Works with the Senior Vice President of Capital Solutions and the Managing Director of Lending to develop regional lending goals.
h. Maintains accurate and complete records on regional borrowers and prospects in CRM to ensure that information on all aspects of the loan program is readily available. As required, provides
information on lending activity, impact, and performance.
i. Provides recommendations on new and improved lending programs, policies and procedures; marketing materials; application forms; tracking procedures; and general communications; in
particular guidance leading to the success of the loan program.
2. Leads loan business development efforts in region to build and maintain a strong loan pipeline. Works with Corporate Communications and Public Affairs department (CCPA), as well as with the

Executive Director – Chicago, to develop a marketing plan and implement appropriate marketing, business development and sales activities consistent with the plan.
a. Follows up in a timely manner with inquiries provided through telephone calls or meetings.
b. Develops and pursues business leads from existing network of customers, contact with agencies and market influencers, community leaders and funders and follows up with generated leads.
c. Conducts presentations or Business Targeted Workshops for regional clients as arranged and scheduled with CCPA.

3. Coordinates with other IFF departments to support overall IFF goals, programs and visibility. Works with staff to support and coordinate implementation of special IFF initiatives or research in the region.

4. Maintains required job knowledge and skills and core professional competencies. Attend and participate in required educational programs and staff meetings.

5. Performs other duties as assigned.

Performance Measures:

1. Achievement of department lending and program goals in region.
2. Leadership in maintaining IFF’s role as a full partner to the nonprofit sector.
3. Complete, accurate, timely, and thoughtful analysis for full understanding of underwriting and lending issues on all loan applications, and portfolio and risk assessment reports
4. Identifies and recommends solutions to issues and problems relating to loan program implementation and role of IFF throughout the region.
5. Full participation and cooperation with CCPA staff and implementation of CCPA/Loan shared procedures. Increase in regional business development network.
6. Full participation and cooperation with Community Strategies, Real Estate Services and other IFF divisions to support implementation of RES work, special initiatives or other IFF business objectives.
7. Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.
8. Models personal accountability that promotes ownership and engagement.
9. Builds and maintains effective working relationships with colleagues, peers and team members.
10. Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.
11. High level of satisfaction with both internal colleagues and external contacts.

Requirements:

Position Qualifications:

Education: MBA or MA strongly preferred, preferably in business, accounting, finance, community development, or urban planning. A Bachelor’s degree plus five years additional relevant experience may substitute for an advanced degree.

Previous Experience: Minimum of ten years of experience in banking, commercial mortgage lending, real estate and community development, or nonprofit management required with a track record of growth and increasing responsibility. Experience in marketing financial programs required. Demonstrated competence incommercial real estate lending, cash flow and project analysis, underwriting, structuring and lending policies and procedures.

Special Knowledge & Skills:

1. Strong knowledge of Midwest region.
2. Knowledge of community development principles and real estate finance and development.
3. Familiarity with construction and lending practices and terminology.
4. Good interpersonal skills; high level written and oral communication and presentation skills, experience in formal presentations.
5. Proficient computer software user, including spreadsheets and databases.
6. Thorough understanding of nonprofit financial statements.
7. Ability to think creatively about problems.
8. Ability to work in and with all communities in the region.
9. Ability to represent the interests of IFF and the department at all levels of government and with community and civic leadership.
10. Network of contacts with nonprofit agencies or leaders a plus.

Unusual Requirements: Regular travel throughout the assigned region. Occasional evening and weekend work; able to inspect active construction project sites.

Compensation:

Compensation Requirements to be discussed during interview process

How to Apply:

Application Instructions: Applicants must submit a cover letter, resume and salary requirements to careers@iff.org. Please include “Director of Lending – Illinois and Northwest Indiana” in the subject line of the email.

Senior Director, Strategy and Business Development – California Primary Care Development Corporation
New York, CA
Job Function: Other
Posted: September 12, 2018

Background:

Primary Care Development Corporation (PCDC): Catalyzing Excellence in Primary Care

Quality primary care is transformative and a cornerstone of healthy, thriving communities. PCDC, a nationally recognized 501(c)(3) nonprofit organization and community development financial institution (CDFI), catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity. PCDC helps primary care practices improve delivery of care by providing affordable capital as well as a variety of training and technical assistance services. Since its founding in 1993, PCDC has assisted over 1,000 practices in 40 states, and has leveraged more than $1 billion to improve care in low-income communities.

PCDC’s Performance Improvement Practice partners with health care organizations, helping them understand their challenges, develop customized plans for change, define and achieve measurable outcomes and create lasting and sustainable impact for their organizations and those they serve. Areas of expertise include service integration, practice operations, capacity building, and population health management. The Performance Improvement team offers individualized coaching, facilitates learning collaboratives, provides consulting, leads quality improvement projects, develops curriculum and delivers training programs designed for our client’s needs. Our team works with health care organizations, including federally qualified health centers, hospital ambulatory care departments, private practices and care teams to implement strategies, processes and workflows to provide patient-centered care that is person-focused, continuous, comprehensive and coordinated. Our goal is to transform primary care organizations by building their capacity to integrate key services and activities so that they are better able to provide high quality care, thereby improving the health of their population, and reducing total cost of care.

PCDC’s Capital Investment Practice invests in communities by providing advisory services and flexible, affordable capital to create lasting and sustainable impact for the organizations and the communities they serve. PCDC is uniquely positioned to provide financing that is tailored to transforming and expanding primary care, including, wherever possible, the integration of comprehensive medical, dental, and behavioral health services. PCDC provides strategic advice to help organizations that are planning facility development projects and offers a variety of affordable and flexible short-term and long-term loan solutions to support those capital projects as well as other business and service expansions. PCDC’s Capital Investment staff understand primary care business models and monitor policy changes and regulations that affect primary care practices and revenue streams and serve as trusted advisors to clients on what it takes to successfully finance capital projects in a changing health care environment. To fund our loans, we raise impact-focused capital from government, banks, and foundations. We also partner with other community lenders and advocates who are also dedicated to catalyzing excellence in primary care to ensure we can meet all borrowers’ needs, regardless of project size.

Position Summary:

PCDC is seeking a Senior Director, Strategy and Business Development – California. This position is located in California.

The Senior Director is passionate about primary care and the importance of building a high quality, affordable, accessible primary care sector to support healthy and thriving communities and health equity. The Senior Director plays a central role in the growth and expansion of PCDC’s overall business in California, with primary responsibility for creating and implementing an effective strategy to build PCDC’s Performance Improvement business and protect our capital investments. Working under the direction of the Managing Director of Performance Improvement and the Chief Executive Officer, and in close collaboration with PCDC’s Leadership Team and the Senior Director, Capital Investment, s/he is accountable for positioning PCDC as a leader in primary care in California, particularly in Los Angeles County. The Senior Director is responsible for creating and maintaining broad and deep relationships with providers, policy makers, health care systems, insurers, foundations, corporations, and others with an interest in primary care. The Senior Director maintains knowledge of local, regional and national healthcare delivery system and trends, and applies that knowledge to support and inform PCDC’s business development and programs to serve California’s primary care system.

Responsibilities:

The Senior Director is responsible for informing and implementing PCDC’s strategic direction for primary care policy and programmatic activities in the California market that will grow PCDC’s business.

Policy and Advocacy:
Working with the Senior Director, Capital Investment, the Senior Director will provide direction, input, guidance and support on local and state legislative and policy initiatives relating to PCDC’s lending and program activities. This will include connecting with key leaders and organizations to understand the primary care and health care reimbursement and delivery landscape, providing strategic leadership on primary care and economic development, and identifying business and thought leadership opportunities for PCDC. Specifically, the Senior Director will:
• Lead the development and implementation of strategies for PCDC to support the expansion of access to high quality primary care and primary care transformation in underserved communities in California, particularly Los Angeles County, and potentially, in contiguous states.
• Understand and maintain awareness of the changing health care landscape including the evidence base, reimbursement reform, and delivery system transformation.
• Establish and maintain effective working relationships at the highest level of local and state government, primary care providers, insurers and health systems, advocacy groups and community-based organizations, as well as with foundations and corporations and other stakeholders.
• Represent PCDC in meetings, coalitions, task forces, and other bodies, and advocate on behalf of primary care and PCDC.
• Identify and cultivate leadership from key corporate, foundation and other prospective supporters and donors, in collaboration with PCDC’s Development team.
• Work with PCDC’s Communications team to create and support an effective communication strategy to increase awareness of PCDC and our community partners.
• Regularly communicate with the PCDC’s Leadership Team to inform organizational strategy and business development.

Program, Marketing and Business Development:
Working closely with lead staff in PCDC’s Performance Improvement and Capital Investment units, the Senior Director will:
• Conduct market analysis, identify and explore business opportunities and cultivate relationships across the spectrum of community health providers through California, including primary care and behavioral health organizations.
• Develop and maintain knowledge of California primary care markets, particularly Los Angeles County, and identify evolving trends, risks and opportunities, and disseminate knowledge to inform PCDC’s business strategy and solutions.
• Lead and support efforts to research, identify, develop, and secure new opportunities for the Performance Improvement practice, including writing proposals to potential clients and client relationship management.
• Maintain a culture of quality customer service.

Administration and Leadership:
The Senior Director will co-manage California operations with the Senior Director, Capital Investment, and will collaborate with PCDC’s Administration and Finance staff. As needed, this will include regular contact with all Los Angeles based staff, managing the office, and ensuring that PCDC’s policies and procedures are implemented. The Senior Director will build and maintain positive relationships with PCDC’s national office and participate in PCDC’s Leadership Team.

Additional duties as assigned.

Reporting:
The Senior Director reports to the Chief Executive Officer, with close collaboration with the Managing Director, Performance Improvement.

Requirements:

Required Qualifications:
• Master’s degree from an accredited college or university in public health, public/health administration, business or related fields, or demonstrated equivalent experience.
• Ten+ years senior level experience in primary care, behavioral health, community development or related field
• Demonstrated commitment to PCDC’s mission

Critical Qualities:
• Knowledge, understanding of, and experience in primary care and community development strategies as well as local market knowledge of California’s health care systems
• Demonstrated track record providing leadership for the development and implementation of strategic vision
• Commitment to primary care as key to building healthy communities and health equity
• Strong oral and written communication skills, including experience speaking publicly in diverse forums
• Strong organizational and analytical skills, including using and understanding data to inform decision making
• Strong interpersonal skills and proven ability to work effectively with a wide variety of people and organizations, and in culturally and ethnically diverse environments
• Experience building and facilitating relationships within and among various sectors
• Self-motivated, a positive attitude, and enthusiastic to work in a start-up and entrepreneurial environment
• Demonstrated experience in successful grant writing, business development and/or other fundraising
• Ability to travel around California and the West Coast, including a valid driver’s license, in addition to at least semi-annual travel to New York City.

Compensation:

We offer a competitive salary and comprehensive benefits package.

How to Apply:

For immediate consideration, please email your cover letter, resume and salary requirements to: employment@pcdc.org with "Senior Director, Strategy and Business Development - CA" in the subject line.

Senior Director, Capital Investment – California Primary Care Development Corporation
New York, CA
Job Function: Financial Services
Posted: September 12, 2018

Background:

Primary Care Development Corporation (PCDC): Catalyzing Excellence in Primary Care

Quality primary care is transformative and a cornerstone of healthy, thriving communities. PCDC, a nationally recognized 501(c)(3) nonprofit organization and community development financial institution (CDFI), catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity. PCDC helps primary care practices improve delivery of care by providing affordable capital as well as a variety of training and technical assistance services. Since its founding in 1993, PCDC has assisted over 1,000 practices in 40 states, and has leveraged more than $1 billion to improve care in low-income communities.

PCDC’s Capital Investment Practice invests in communities by providing advisory services and flexible, affordable capital to create lasting and sustainable impact for the organizations and the communities they serve. PCDC is uniquely positioned to provide financing that is tailored to transforming and expanding primary care, including, wherever possible, the integration of comprehensive medical, dental, and behavioral health services. PCDC provides strategic advice to help organizations that are planning facility development projects and offers a variety of affordable and flexible short-term and long-term loan solutions to support those capital projects as well as other business and service expansions. PCDC’s Capital Investment staff understand primary care business models and monitor policy changes and regulations that affect primary care practices and revenue streams and serve as trusted advisors to clients on what it takes to successfully finance capital projects in a changing health care environment. To fund our loans, we raise impact-focused capital from government, banks, and foundations. We also partner with other community lenders and advocates who are also dedicated to catalyzing excellence in primary care to ensure we can meet all borrowers’ needs, regardless of project size.

PCDC’s Performance Improvement Practice partners with health care organizations, helping them understand their challenges, develop customized plans for change, define and achieve measurable outcomes and create lasting and sustainable impact for their organizations and those they serve. Areas of expertise include service integration, practice operations, capacity building, and population health management. The Performance Improvement team offers individualized coaching, facilitates learning collaboratives, provides consulting, leads quality improvement projects, develops curriculum and delivers training programs designed for our client’s needs. Our team works with health care organizations, including federally qualified health centers, hospital ambulatory care departments, private practices and care teams to implement strategies, processes and workflows to provide patient-centered care that is person-focused, continuous, comprehensive and coordinated. Our goal is to transform primary care organizations by building their capacity to integrate key services and activities so that they are better able to provide high quality care, thereby improving the health of their population, and reducing total cost of care.

Position Summary:

PCDC is seeking a Senior Director for its Capital Investment program in California. This position will be located in California.

The Senior Director is passionate about providing access to capital to build and strengthen a high quality, affordable, accessible primary care sector to support healthy and thriving communities and health equity. The Senior Director plays a central role in the growth and expansion of PCDC’s lending business, with primary responsibility for leading PCDC’s lending activities in California, accountable for positioning PCDC as a leader in health care financing in California, particularly in Los Angeles County. The Senior Director maintains knowledge of local, regional and national healthcare trends, and applies that knowledge to support and inform business development and the creation of new products and initiatives to serve California. The Senior Director is accountable for lending operating performance for the California market, including achieving expected financial outcomes in PCDC’s business plan and annual budgets.

Responsibilities:

The Senior Director is responsible for implementing the strategic direction and managing lending activities in the California market.

Marketing and Business Development:
The Senior Director leads business development efforts for Capital Investment in California. The Senior Director is responsible, directly and in collaboration with the Senior Director, Strategy and Business Development, and with support from the Capital Investment and Executive teams, for developing and maintaining relationships with key stakeholders, including health care providers, CDFIs, banks, government agencies, policy makers, public officials, consultants, technical assistance providers, and others involved in community development in California. In some cases, the point person on these relationships may be the CEO, Chief Financial Officer, Capital Investment Managing Director, Chief Lending Officer, New Markets Tax Credit Director, or Senior Director of Strategy and Business Development, in which case the Senior Director will coordinate and provide support as needed. The Senior Director is accountable for loan origination activities, including originating, structuring, underwriting and closing transactions. Specifically, the Senior Director will:
• Identify and explore opportunities and cultivate relationships across the spectrum of community health providers through California, including behavioral health and primary care providers.
• Engage with clients to understand needs and develop financing solutions to meet those needs.
• Work with borrowers through all stages of the financing process, from sourcing new projects, assessing the viability of borrowers and projects, conducting financial analyses, underwriting and structuring loans, preparing and presenting credit proposals, and negotiating financing solutions in accordance with credit policy and guidelines.
• Develop and maintain knowledge of California markets, particularly Los Angeles County, and identify evolving trends, and risks and opportunities. Disseminate knowledge to inform Capital Investment practice and PCDC broadly.
• Cultivate and maintain strong relationships with current and future borrowers, key stakeholders, and partners.
• Ensure efficient and productive lending operations for the market, including communication and coordination with the Chief Credit Officer and the portfolio management staff to ensure sound risk and asset management practices.

New Loan Product Development:
The Senior Director, working with the Managing Director, Chief Lending Officer, and Chief Credit Officer, assists in designing, testing and implementing new loan products intended to provide additional services to health care providers and the community development field in California. The Senior Director will:
• Develop processes to support program delivery, including training and educating participants, application, underwriting, and asset management.
• Oversee the implementation and delivery of programs in California.

Credit and Risk Management:
The Senior Director, working closely with the Chief Credit Officer and the portfolio management staff to maintain portfolio quality and ensure sound risk and asset management practices, will:
• Underwrite, structure, and negotiate financing solutions within appropriate and relevant credit policy guidelines. Prepare and present credit proposals to Chief Credit Officer and loan committees. Prepare commitment letters and coordinate the loan closing process, in accordance with credit guidelines and committee approvals.
• Monitor and assist with the management of relationships in the portfolio.
• Oversee management and compliance of statutory and regulatory requirements for funds and programs.

Program Development and Policy:
Working with the Senior Director of Strategy and Business Development – CA, the Senior Director may provide direction, input, guidance and support on local and state legislative and policy initiatives relating to PCDC’s lending and program activities. The Senior Director may also be asked to assist the Senior Director of Strategy and Business Development with the development and execution of new programs and initiatives.

Administration and Leadership:
The Senior Director will co-manage California operations with the Senior Director of Strategy and Business Development and will collaborate with PCDC’s Administration and Finance staff. As needed, this will include regular contact with all Los Angeles based staff, managing the office, and ensuring that PCDC’s policies and procedures are maintained. The Senior Director will build and maintain positive relationships with PCDC’s national office and participate in PCDC’s Leadership Team.

Additional duties as assigned

Reporting:
The Senior Director reports to the Chief Lending Officer. The position works closely with the Capital Investment Managing Director and Chief Credit Officer, and partners internally with the Capital Investment team to support the achievement of team and enterprise goals.

Requirements:

• Minimum of ten years lending experience in community development and/or community facility financing, including underwriting and management of construction and permanent commercial loans, preferably with a CDFI or other community development lender
• Bachelor’s degree from an accredited college or university in Business or Finance (Master’s degree in Business, Finance or related field preferred)
• In-depth knowledge of credit and lending products and services, as well as analysis of financial indicators related to credit management
• Knowledge of, or commitment to, the healthcare industry and primary healthcare
• Record of successful business development in California
• Strong oral and written communication skills, including experience speaking publicly
• Strong interpersonal skills and proven ability to work effectively with a wide variety of people and organizations, and in culturally and ethnically diverse environments
• Self-motivated, have a positive attitude, and be enthusiastic to work in a start-up and entrepreneurial environment
• Ability to travel around California and the West Coast, including a valid driver’s license, in addition to at least semi-annual travel to New York City.
• Knowledge of New Markets Tax Credits (NMTC) and Community Development Financial Institutions (CDFIs) is preferred.
• Strong financial analysis skills, particularly with nonprofit accounting.
• Strong communicator and relationship builder with the ability to forge deep community relationships
• Experience in building, managing, and deepening client relationships.
• Outstanding interpersonal and oral/written communication skills, ability to produce exceptional quality work as part of an interdisciplinary team of professionals
• High degree of self-motivation, creativity, and flexibility
• Excellent teamwork and strong time management skills are essential.

Compensation:

We offer a competitive salary and comprehensive benefits package.

How to Apply:

For immediate consideration, please email your cover letter, resume and salary requirements to: employment@pcdc.org with "Senior Director, Capital Investment - CA " in the subject line.

Fund & Program Operations Senior Specialist Capital Impact Partners
Arlington, VA
Job Function: Project Management
Posted: September 11, 2018

Background:

Capital Impact Partners transforms under served communities into strong, vibrant places of opportunity. As one of the largest certified Community Development Financial Institutions in the country, we have a 30 year history of delivering strategic financing, social innovation programs and capacity building that create social change and deliver financial impact nationwide. To date, Capital Impact Partners has used its depth of experience, cooperative approach, and network of alliances to invest more than $2B in opportunities that create a high quality of life for low income individuals and communities across the country, including access to high-quality healthcare, education, healthy foods, housing, and eldercare. We draw on our shared values of cooperation, commitment, leadership, innovation, trust, and diversity as we work to redefine how innovation can create opportunities for under served Americans.

Position Summary:

Capital Impact seeks a Fund & Program Operations Senior Specialist to strengthen its Fund & Program Operations team. The Fund & Program Operations Senior Specialist will accurately analyze, calculate and determine distributable amounts for New Market Tax Credits (NMTC) deals and programs, remit funds to investors, partners or lenders. In addition, the Fund & Program Operations Senior Specialist will assist in various aspects of NMTC and program reporting and compliance requirements. Participate in meetings regarding new programs, review program documents and help to establish processes and procedures from an operational perspective using program/fund documents.

Responsibilities:

Responsibilities will include:

Review and understand deal documents and work with the Manager, Fund & Program Operations to develop the operational structure of transactions

Monitor established NMTC portfolio for incoming payments, resolve payment issues timely for all levels of the transaction

Prepare and submit wires timely with backup support in accordance with procedures to the Treasury Department for payments to investors/lenders

Identify challenges and issues to help improve the operational systems, processes and policies for the established deals

Serve as a liaison to other teams to share information, documentation or decisions made regarding functions performed

Regularly review and understand the financial component of the programs to identify issues

Once the program is closed, oversee and verification of all cash movement for CIP and investors under the guidance and approval of Manager

Assist in the preparation of Community Development Entity Compliance Certifications for equity investors for NMTC transactions

Requirements:

Qualifications and Educational Requirements:

Bachelor’s degree required in Business Administration, Finance and/or related degree

A minimum of 5-10 years of experience working in a commercial bank or related industry

Fundamental working knowledge of business concepts, practices and procedures with the ability to apply in varied situations

Experience with developing detailed schedules including tasks, accountabilities and deadlines

Candidates should have strong oral and written communication skills

Candidate should be organized and very detail-oriented

Proficient in Microsoft Word and Excel.

Willingness to learn and use in-house software systems.

**Note: Capital Impact will not sponsor working Visa for candidates.**

Compensation:

$68,000 - $85,000

How to Apply:

https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment....

Community Development Mortgage Loan Officer Hartford Community Loan Fund
Hartford, CT
Job Function: Financial Services
Posted: September 6, 2018

Background:

Hartford Community Loan Fund (HCLF) is a not-for-profit community development financial institution. With initial capitalization provided by the State of Connecticut’s Department of Economic and Community Development, and now with funds from other socially minded investors, including banks, insurance companies, and the CDFI Fund, HCLF invests socially conscious capital in its mission to provide and promote just and affordable financial services that benefit low-wealth residents of Hartford.

HCLF began operations as the South Hartford Initiative in 1997 and in 2002 was certified by the US Treasury Department as a community development financial institution (CDFI). CDFIs are financial intermediaries specializing in serving economically distressed and underserved markets. HCLF is one of six active CDFIs in the state of Connecticut and the only one with an exclusive focus on the neighborhoods of Hartford. Over its 20 year history, HCLF has provided commercial loans to small businesses unable to access bank capital, loans for the rehab of affordable housing stock in Hartford, and in 2017, credit builder microloans to low-wealth residents of Hartford unable to access affordable small dollar loans through traditional sources.

Since the 2008 introduction of its Construction-Rehab loan program developed to address blighted residential and mixed use properties throughout Hartford, HCLF has provided more than $23 million in rehab financing, returning 725 affordable housing units to active occupancy, while creating more than 775 jobs. Despite originating loans that traditional lenders won’t provide, HCLF has experienced nominal charge-offs. HCLF’s loan loss ratio in its 20 year history is less than 3% of total loans originated. Recently HCLF expanded its rehab lending program to the greater Hartford region.

In 2014 HCLF began actively advocating for changes to policies and systems which negatively impact the economic health of Hartford residents. HCLF’s Board selects 4-5 such areas of focus with clear objectives outlined for each policy initiative. Recent work has included: advocating for the elimination of the City’s practice of selling tax liens to aggressive outside investors, which has resulted in foreclosures on hundreds of Hartford properties; increasing the availability of financing for healthy food retail toward the goals of both eliminating Hartford’s food desert and improving health outcomes for Hartford residents; and strengthening the investment capacity of Hartford’s residents, through more effective financial coaching and creative consumer lending products.

With recent HCLF research indicating that approximately 45% of Hartford residents maintain credit scores below 620, in 2017 HCLF will introduce short-term consumer microloans of $100 - $1,000 for Hartford residents. The Credit Builder Loan will be offered in tandem with financial coaching provided by HCLF partners to low wealth residents seeking to establish or rebuild credit.

HCLF is overseen by a 13 member Board of Directors which consists of Hartford civic leaders and professionals from the financial services industry.

Position Summary:

The Community Development Mortgage Loan Officer (LO) performs a range of lending activities to originate and underwrite CRL Program mortgage loans for single, multi-family and mixed-use properties, and assist in the marketing of HCLF’s construction loan and permanent loan products. The LO reports to the Director of Lending and works closely with other HCLF staff members who assist in processing, closing and servicing loans. Through HCLF brokerage relationships, the LO will also provide conventional mortgage products to prospective borrowers in HCLF’s investment area.

Responsibilities:

Following are responsibilities of the LO, which include, but are not limited to:

* Increase visibility of HCLF loan products in underserved areas and to underserved populations through marketing and new business development activities with realtors, current/potential
homeowners, investors, contractors, developers, and other stakeholders to generate business and meet organizational production goals;

* Provide technical assistance to customers on housing finance, subsidy sources, property/construction management, risk mitigation and other housing-specific topics;

* Ensure collection of all supporting documentation and process the application in a timely manner. Communicate effectively with customers, realtors, attorneys, staff and other stakeholders to
efficiently underwrite and close loans;

* Prepare Loan Approval Summary recommendations for management and Loan Committee review in accordance with the HCLF underwriting guidelines. Present the final Loan Approval Summary
to Loan Committee for approval. Prepare Commitment Letters for approved loans;

* Conduct property site visits as necessary; and

* Perform other duties and tasks as assigned.

Requirements:

We think the following qualifications can help the Loan Officer achieve great results in their work here:

* NMLS licensing as Mortgage Loan Originator (MLO) with at least three years of recent work experience as MLO (NMLS Licensing and MLO experience are requirements);

* Bachelor’s Degree;

* Experience with underwriting and managing construction loans, including a good understanding of the construction advance/draw process;

* Commitment to social justice issues and high quality affordable housing;

* Good written and verbal communication skills; ability to make effective public presentations to a range of audiences;

* Desire and ability to think creatively in providing capital to historically underserved communities;

* Working knowledge of Microsoft Office software applications; and

* Fluency in Spanish.

Compensation:

HCLF offers a competitive combination of:

* Fixed Salary

* Commission on HCLF-direct CRL Program mortgage loans (100 bps)

* Commission on HCLF-brokered mortgage loans (75 bps)

* Additional incentive for achievement of organizational lending goals

How to Apply:

We’re the good guys in the financial services industry – a community development financial institution (CDFI) with a focus on promoting and providing affordable and just capital for the benefit of low-to-moderate income and underserved households in HCLF’s investment area. We are focused on providing financing that creates and rehabs affordable housing. More information about HCLF can be found at our website: www.hartfordloans.org.

Interested and qualified candidates should submit a cover letter with resume to C.Richardson@HartfordLoans.org. No faxes or phone calls please.

Director/Senior Analyst - Affordable Housing Practice HR&A Advisors
Washington, DC
Job Function: Project Management
Posted: August 30, 2018

Background:

HR&A Advisors is a top real estate and economic development consulting firm. We provide strategic advisory services for clients in the public, private, and non-profit sectors to solve some of the most complex challenges of urban development. Our projects range in scale from buildings to neighborhoods, public parks to infrastructure systems, and from program design and management to public policy development and implementation. We care about improving the quality of urban life, and we are increasingly focused on the challenges of inclusivity, infrastructure, and technological innovation in cities as we advance public-private development projects that improve economic, environmental, and social outcomes. Our Washington, DC office is a tight-knit team that works across the country and collaborates closely with colleagues in HR&A’s other offices in New York, Dallas, Los Angeles, and Raleigh.

We are former public servants, real estate developers, urban planners, city officials, activists, and economists. We are unique in our ability to create value by integrating disparate disciplines for our clients, and we often lead teams with engineers, architects, lawyers, community organizers, and other specialists.

Position Summary:

We are seeking Senior Analyst/Director candidates with a passion for addressing housing affordability challenges and a desire to advance the field of practice.

Responsibilities:

Day-to-day tasks will require managing internal and external teams to complete housing market analysis, leading stakeholder engagement activities, and evaluating the economic feasibility of housing policies including pro forma analysis for a range of uses, market feasibility research, business planning, public-private partnership strategy, and public policy design. The Senior Analyst/Director will review and present deliverables to clients, including memos, reports and PowerPoint presentations; and will support the firm’s marketing and client engagement efforts.

Requirements:

We are looking for candidates with strong quantitative and qualitative skills, a passion for urban development and housing affordability, and a deep curiosity about the challenges and opportunities facing cities today. Successful candidates will have a clear understanding of real estate economics, the development process, and housing markets. They should also have experience with:
Common local affordability policies – e.g. inclusionary zoning, tax abatement, zoning incentives, assessment districts, income discrimination restrictions, etc.
Traditional local affordable housing programs – e.g. multifamily gap financing, community land trust, owner-occupied rehabs, acquisition-rehabilitation, etc.
Federal funding sources – e.g. LIHTC, HOME, CDBG, PBV, RAD, etc.

Candidates must have a bachelors degree and a minimum of five years of work experience in affordable housing, economic development, real estate, public policy and/or consulting in a related field. Candidates should also have a Master’s Degree, preferably in real estate, city planning, economic development, public policy, and/or business. Considerable additional experience in a closely-related field may also be substituted for a graduate degree.

In addition to considerable experience in affordable housing, real estate and economic analysis, the candidate must also possess substantial project management experience in affordable housing, real estate or economic development; excellent writing and presentation skills; and mentorship capabilities. The successful candidate will be a highly motivated independent thinker with sufficient poise for direct client interaction. The most successful candidates will show potential for rapid professional growth.

Compensation:

We offer competitive compensation packages, based on qualifications and experience. We are an employee-owned company, meaning you will have the opportunity to benefit from the firm’s growth over time through participation in our Employee Stock Options Plan. Each year, the firm will contribute funds to this long-term wealth-building account, and may make contributions to other retirement accounts. We also provide a comprehensive benefits package that goes well beyond coverage of 90-95% of healthcare premiums, dental and vision coverage.

How to Apply:

HR&A is committed to attracting and retaining a talented, diverse, competitive team of professionals dedicated to solving the challenges of urban life. Women, people of color, members of the LGBT community, individuals with disabilities, and veterans are strongly encouraged to apply.

To apply, click on the “Apply Now” on the button on the HR&A careers website (https://www.hraadvisors.com/career-opportunities/). Please limit your response to two pages (one page resume and one page cover letter). Applications will be reviewed on a rolling basis. Applications without a cover lever will be discarded.

All qualified candidates will receive consideration for employment without regard to their race, religion, ancestry, national origin, sex, sexual orientation, gender identity or expression, age, disability, marital status, medical condition, veteran status or any other basis as protected by federal, state, or local law.

For more information, please contact us at jobs@hraadvisors.com. Please do not call regarding this position.

Accounting Associate Partners for the Common Good
Washington, DC
Job Function: Accounting
Posted: August 7, 2018

Background:

Join a thought provoking and innovative leader within the Community Development Financial Institution (CDFI) industry.  Partners for the Common Good (PCG), a Washington, DC based community development loan fund, is seeking an Accounting Associate.

Founded in 2000, PCG’s mission is to advance economic justice and opportunity for low-income people and communities.  We do this by partnering with CDFIs and socially motivated investors across the United States to serve borrowers that promote affordable housing, neighborhood revitalization, and healthy communities through support of education, community health centers, human service providers, day care and others.

PCG founded the CDFI industry’s first wholesale loan participation network that today has partnered with nearly 50 CDFIs in Washington, DC and 36 states, originated  $78 million in participation transactions, and developed a five-year strategic plan with an objective of growing its portfolio to $50 million.

PCG also participates as a community development entity (CDE) allocating New Markets Tax Credits (NMTC).  PCG received $50 million in NMTC allocations and to date has closed five (5) transactions for a total of $29.5 million in allocations.

PCG is leading the CDFI industry into the digital sector with its groundbreaking CapNexus platform (CapNexus.org).  CapNexus matches community development finance opportunities with sources of capital.  The platform has 800+ users and has posted over $1 billion community development transactions.  

PCG is also a leader in social impact assessment and public policy advocacy.  Our work is pioneering in its creation of new tools and infrastructure for community development finance organizations to manage portfolios and grow scale and impact.

PCG’s office is located in Washington DC.

Position Summary:

The Accounting Associate reports to the Chief Accounting and Administrative Officer, and is responsible for assisting with the financial management and general administration functions of the office. Position is full-time.

Responsibilities:

• Input, review, and post accounting entries into the accounting system (Abila MIP Fund Accounting)
• Process vendor invoices, bills and employee expense reports
• Process investor payments and interest payments on investor CDNs
• Prepare borrower check and wire payments for entry into the Portfol loan servicing software by Loan Servicing and Compliance Associate
• Verify borrower check and wire payments in the Abila MIP Fund Accounting system
• Process other bank deposits
• Maintain records on all financial transactions
• Maintain portfolio reconciliations of the loans outstanding and loan loss reserve
• Manage investor maturities, renewals, and interest donation campaigns
• Assist in preparation of documentation and materials for annual audit
• Assist in coordination of day-to-day office administrative functions
• Assist with duties related to Human Resources management
• Support Chief Accounting and Administrative Officer on special projects
• Other tasks as required

Requirements:

This is an entry level position, perfect for a recent college graduate.  An Accounting degree is preferred, but not required. 

  • The position requires an interest in accounting, bookkeeping, and office administration. 
  • requires an individual who can manage multiple tasks at a time, pays attention to detail and can meet deadlines.
  • Independence, interpersonal skills and flexibility are a plus. 
  • Basic computer and research skills along with knowledge of MS Office (Excel, Word, PowerPoint). 
  • Familiarity with contact management databases, such as Salesforce, is a plus. 
  • Familiarity with non-profit accounting, generally accepted accounting principles, and accounting systems preferred, but not required.  

Compensation:

Competitive salary, excellent benefits and a pleasant, challenging work environment. PCG is an equal opportunity employer.

How to Apply:

For more information about the organization, and to apply, please visit our website at www.pcgloanfund.orghttp://www.pcgloanfund.org

Mortgage Processor/First Home Club Manager Cooperative Federal
Syracuse, NY
Job Function: Lending/Loan Operations
Posted: August 3, 2018

Background:

Cooperative Federal is a unique combination of a traditional credit union and a non-profit community development organization. We operate four community-based offices in the city of Syracuse, NY and three high-school branches. Joining our team is making a choice to dedicate yourself to building our local community and advancing social justice.

As a non-profit, certified Community Development Financial Institution, we have spent the past 36 years developing a comprehensive selection of accounts, loans, financial education, and financial counseling services to help our predominantly low-income members build credit, buy cars, become homeowners, avoid foreclosure, launch businesses, and more, particularly in neighborhoods that have become “bank deserts.” In this way, we use the tools of finance to foster inclusion, equity, and solidarity.

Why Work Here?
“We use the tools of finance to work for social justice.”

Position Summary:

We are seeking a First Home Club Manager and Mortgage Processor.

The position can be tailored to the mortgage lending experience of the person hired.

Responsibilities:

First Home Club program - Matching grant program for first-time homebuyers
• Manage caseload of First Home Club program and guide participants from enrollment through mortgage closing
• Pre-screen and qualify participants for First Home Club based on guidelines set forth by the Federal Home Loan Bank of NY
• Enroll participants and open member accounts related to the First Home Club program
• Coordinate with all parties to facilitate a smooth loan closing including attorneys, real estate agents, mortgage officers, etc.
• Ensure post-closing documentation is submitted to FHLBNY to reimburse credit union monies
• Complete First Home Club monthly reporting accurately and in a timely manner
Mortgage Loan Processor
• Assist members with the loan application process, explain the loan process, and answer member questions during the loan process to ensure completeness of information
• Intake of loan applications in-person, over the phone, or electronically. Gather documentation, perform income and employment verifications. Advise applicants about the credit union's mortgage loan products.
• Prepare loan packages in compliance with policies, procedures, secondary market investor guidelines, and Private Mortgage Insurance guidelines. Underwrite PMI coverage in accordance with vendor policy.
• Prepare mortgage loan application and document packet for closing; coordinate with appropriate parties to ensure closing deadlines are met per purchase contract, grant funding sources, etc.
• Complete execution of security interest of credit union; ensure that the documentation on titles is accurate and up-to-date
• Participate in all Lending Department training to ensure updated knowledge on credit union policy, procedures, guidelines, secondary market investor guidelines, PMI guidelines, and any applicable laws and regulations.

Requirements:

Required Skills:
• Must have strong organizational skills and attention to detail
• Must have excellent interpersonal, organizational and communication skills
• Must have or develop thorough knowledge of loan servicing functions, specifically loan documentation and collateral requirements;
• Ability to research and compile information for the purpose of formulating recommendations
• Proficient in PC, math and analytical skills
• Ability to work both independently and as a team member
• Strong computer skills, specifically Microsoft Word, Access, and Excel, and must develop proficiency in the credit union core system software.
• Project management experience preferred.

Compensation:

Competitive nonprofit salary based on experience, education, and skills and a benefits package, including health insurance, 401(k) retirement plan, life insurance, generous paid time off, and 11 paid holidays annually.

How to Apply:

To apply, please email a brief cover letter and your resume to hr@coopfed.org.

You can also direct resumes, cover letters and inquiries to:
Cooperative Federal, Attn: Staff Search, 800 N Salina St, Syracuse, NY 13208

To apply by fax, send resume and cover letter to (315) 476-0567, ATTN: Staff Search

Business Loan Officer Cooperative Federal
Syracuse, NY
Job Function: Lending/Loan Operations
Posted: August 2, 2018

Background:

Organization Description:
Cooperative Federal is a unique combination of a traditional credit union and a non-profit community development organization. We operate four community-based offices in the city of Syracuse, NY and three high-school branches. Joining our team is making a choice to dedicate yourself to revitalizing our community and advancing social justice.

As a non-profit, certified Community Development Financial Institution, we have spent the past 36 years developing a comprehensive selection of accounts, loans, financial education, and financial counseling services to help our predominantly low-income members build credit, buy cars, become homeowners, avoid foreclosure, launch businesses, and more, particularly in neighborhoods that have become “bank deserts.” In this way, we use the tools of finance to foster inclusion, equity, and solidarity.

Micro and small business lending has been a core component of Cooperative Federal’s mission since our inception. With customized products and flexible criteria, we help entrepreneurs access right-sized business capital, create jobs and strengthen our local economy. Our programs focus on serving businesses than do not qualify for conventional financing, including start-ups; providing fair credit to counter discrimination; and creating opportunities in marginalized communities. 

Position Summary:

Cooperative Federal is looking for candidates who have a commitment to our mission and can demonstrate their creativity, detail-orientation, diligence, efficiency, enthusiasm, flexibility, organization, thoughtfulness, and sense of humor through service to small business and entrepreneurs.
The Business Loan Officer is a key member Cooperative Federal’s lending team. By working with colleagues and community partners, this staff member will help Cooperative Federal scale up opportunity lending in the Greater Syracuse Area, with an emphasis on micro loans (under $50,000) as well as small business loans (typically up to $100,000, with occasional larger deals).

Responsibilities:

1) Support the creation of loan opportunities: Originate loans to small and micro businesses by supporting loan intake; analyzing applicants’ financial, project and management capacity; and preparing loan packages and recommendations.  
● Organize loan intake and manage the application pipeline.
  • Maintain pipeline reports to monitor incoming and in-progress loan applications.
  • Verify that applicants receive ongoing communications regarding the status of their loan application.
  • Monitor the availability of loan capital and loss mitigation from Cooperative Federal’s dedicated business loan funds.
  • Provide other assistance and support to the Business Loan Officer & Advisor, as needed.
● Underwrite financing requests in a timely manner and within lending guidelines, and work with borrowers through all stages of the financing process.
  • Process loan applications, verifying the accuracy and completeness of each file.
  • Spread applicants’ financials; provide historical analysis of financial strengths and weakness in order to assess capacity for new debt; analyze borrower budget and projections to assess and stress test debt service capacity.
  • Compare applicants’ liquidity, profitability, and credit histories with similar organizations within industry environment to determine risk relative to sector.   
  • Provide an assessment of the collateral and contribution to risk mitigation.
  • Summarize applicants’ financial information; complete risk ratings for loan proposals; input relevant information into risk evaluation forms and transmittal summaries.
  • Prepare and present loan requests to the Business Loan Committee for review and approval, including all relevant underwriting information and recommendations.
  • Draft commitment letters and loan closing documents; coordinate closings; coordinate draw inspections and approvals as necessary.
 
2) Sustain the opportunities created: Ensure effective operations and risk management in Cooperative Federal’s business loan portfolio through post-loan oversight and support, including monitoring portfolio performance and completing Annual Reviews.
● Complete periodic review and analysis of borrower data, and draw a conclusion if there is a change in the level of risk associated with borrowers. 
  • Obtain required financial information from borrowers, for Annual Reviews (as needed) and other reporting purposes. 
  • Prepare borrowers’ billing statements and late letters. 
  • Monitor periodically the status of loans that are on the watch list and/or warrant close monitoring (i.e., quarterly reviews, payment history, and covenant compliance).
  • Make site visits to borrowers’ businesses when necessary.
  • Underwrite loan amendments and loan workouts when needed.
  • Report on the loan pipeline and portfolio.
  • Manage collections process, make collections calls, and participate in loan collections, workouts, and enforcement actions when necessary
 
3) Other responsibilities: Collaborate with colleagues and partners on program development, management, expansion, outreach, and strategic planning.
● Support marketing and outreach efforts.
  • Attend and participate in occasional outreach and networking events (back up coverage for Business Loan Officer & Advisor).
  • Engage actively with community partners, seeking to understand their circumstances, challenges, expectations and needs, and suggesting solutions to meet those needs.
● Attend and participate in the Business Program Committee, including completion of tasks as assigned. 
● Perform general duties as expected from Cooperative Federal’s lending staff. 
  • Keep credit documentation organized both physically and digitally. 
  • Maintain client confidentially and maintain files and data in a secured manner.
  • Remain up to date and knowledgeable on internal policies and procedures.
  • Carry out other such duties as may be assigned or requested.
  • Unusual Requirements: Occasional evening and weekend work.

Requirements:

● Bachelor's degree or equivalent experience
● Experience with or knowledge of small business lending, alternative business lending, small business management, economic development, or technical assistance, mentoring or consulting, particularly with micro businesses or self-employed is desirable
● Proficiency in Microsoft Excel, Microsoft Word and Microsoft Outlook
● Interest in learning and mastery of the craft of community development micro-business lending
● The ideal candidate has experience evaluating unconventional borrowers, managing client relationships and navigating complex interactive situations both on the phone and in person.
● Superior writing, verbal and interpersonal skills
● This position requires someone who thrives in multi-cultural settings, is passionate about financial capacity-building and economic justice. Experience working (or volunteering) with a diverse range of clients and colleagues, and with underserved populations is a must
● The ideal candidate will have a demonstrated interest in empowering disadvantaged communities and low-income people, and the skills to build new relationships and communicate effectively and enthusiastically about Cooperative Federal.
● Fluency in a second language is desirable. Bilingual (English/Spanish) preferred.
● An openness to learning new skills and systems, a desire to develop new program approaches in response to poverty issues, and a proactive approach to building his/her skill-sets.

Compensation:

Competitive nonprofit salary based on lending/underwriting experience, education, and skills and a benefits package, including health insurance, 401(k) retirement plan, life insurance, generous paid time off, and 11 paid holidays annually.

How to Apply:

To apply, please email a brief cover letter and your resume to hr@coopfed.org. 

You can also direct resumes, cover letters and inquiries to:

Cooperative Federal, Attn: Staff Search, 800 N Salina St, Syracuse, NY 13208
To apply by fax, send resume and cover letter to (315) 476-0567, ATTN: Staff Search

Loan Officer Baltimore Business Lending, LLC
Baltimore, MD
Job Function: Underwriting
Posted: August 2, 2018

Background:

Baltimore Business Lending (BBL) is a non-profit small business lending limited liability company and wholly-owned subsidiary of Baltimore Community Lending (BCL), a certified Community Development Financial Institution (CDFI). The BCL mission is to support the revitalization and strengthening of Baltimore neighborhoods through innovative and flexible financing programs. The Company has a 29 year history of providing construction and development financing to non-profit and for-profit developers of properties in Baltimore City neighborhoods and neighborhood commercial districts. BBL is a natural extension of the BCL efforts to improve access to capital to underserved segments of the Baltimore City community, provide economic opportunity to otherwise credit worthy individuals, and help strengthen and improve the overall Baltimore City economy.  BBL and BCL are Equal Opportunity Employers (EOE).

Position Summary:

The Loan Officer- Small Business is responsible for identifying potential new customers and originating loans to those prospective borrowers on behalf of Baltimore Business Lending (BBL). The Loan Officer reports directly to the Director of BBL and performs such other duties and responsibilities as assigned by the Director of BBL, and the President/CEO of BCL. This position provides lending support to the Director of BBL. The primary function is to work with potential clients to assist them in completing their application for a loan to establish or strengthen a small business in Baltimore City. A drive to assist people to access capital in order to achieve financial success and improve the overall economy of Baltimore City is a key requirement. We are committed to be as supportive as possible and the candidate in addition to experience with small business financing will need to understand how to mitigate unnecessary risk. Outreach and marketing, being able to take a complete application, assisting in providing client services are important and requirements for this position. This position requires a significant amount of customer contact. The primary functions of the position are to serve otherwise credit worthy people who lack existing equity or collateral as a way to help grow the Baltimore City economy while providing opportunity for wealth building to its citizens.

Responsibilities:

• Provide basic technical assistance and information to the public, potential loan program applicants and others with a need for information and assistance regarding the general guidelines, requirements, regulations and procedures governing BBL loan products for which the loan officer has or may have responsibility.
• Intake Loan Applications into the LendingFront portal and review completed
applications to determine basic program eligibility within the current regulations and guidelines for all programs administered by BBL.
• Underwrite each loan based on normal guidelines for small business loans and the additional loan overlays and guidelines provided by BBL. Present each loan application to the Director of BBL for review of the decision provided by the loan officer based on the underwriting guidelines and financing capacity of BBL. 
• Review and analyze applications which are found to be program eligible for financial feasibility consistent with BBL underwriting standards and approved loan policies and procedures, which shall include, but is not limited to the following tests:
1. Full Business Plan, including a Marketing Plan,
2. Accuracy and completeness of required documents,
3. Development costs,
4. Availability of proposed funding including other funding sources,
5. Accuracy, rationality and completeness of projected operating expenses and debt service,
6. Eligibility for the program including market feasibility, ability to handle proposed rents and carrying costs.
7. Site visits,
8. Personal and phone interviews, -
9. Review of public records, etc. as needed,
10. Review of neighborhood condition,
11. Any other information relevant to loan feasibility analysis.
• Develop, maintain and continuously update his/her knowledge of directly applicable laws, regulations, guidelines and procedures affecting BBL products or programs for which the loan officer has responsibility. This includes knowledge of basic eligibility, financial, market and physical feasibility requirements and all other factors affecting approval or disapproval of loan applications.
• Negotiate terms of a loan within loan policy and in consultation with Director of BBL or President/CEO of BCL. All proposed variances from approved lending policies must be approved in writing by the President/CEO.
• Review “BBL” Loan Packages prior to submission for completeness content and project support documentation
• Interact with legal counsel regarding loan documentation and any legal issues regarding a particular loan.
• Meet with private, public or other lenders regarding any potential transactions and finding programs available to assist with “BBL” projects.
• Make site visits for existing and potential transactions to observe current environment for consistency and reasonableness of the project and existing neighborhood conditions.
• With regard to each application in the workload, the Officer is expected to keep their supervisor informed of significant progress or problems as they arise, and seek assistance to resolve problems as appropriate.
• Disseminate information through a series of regularly required reports.
• Assist the Finance Department/Portfolio team in performing annual loan reviews.
• Demonstrate a proficiency in effectively communicating technical concepts, writing letters, memoranda, loan summaries, position papers.
• Supervise maintenance of official files, organized in the standard BCL prescribed manner, properly secured and available in the prescribed location.
• Work as a team member, ever conscious of deadline needs, work flow and assignment schedules.

Requirements:

Minimum undergraduate or college degree with five (5) or more years’ experience including

  1.  lending experience, in business finance lending;
  2. work experience or familiarity with community development a plus
  3. strong communication, writing 
  4. proficient computer skills including Microsoft Excel, Outlook, Word, and Power Point.

Compensation:

Compensation, paid as a salary with benefits, is commensurate with experience and qualifications. The excellent benefits package includes 40lk plan with match, health insurance, life and disability insurance, and paid annual leave.

How to Apply:

Application Instructions: Please submit a cover letter, resume and salary requirements to Resume@BCLending.org with “Loan Officer” in the subject line. 

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