MESO is the leading Small Business Lender and Technical Assistance Provider for under-resourced and historically excluded entrepreneurs in Oregon, and SW Washington. MESO’s mission is to “elevate and empower historically excluded and under-resourced entrepreneurs with tailored business assistance and flexible capital to build family wealth through small business ownership". This position will be taking over as the current highly respected Executive Director is retiring.
MESO is a Community Development Financial Institution (CDFI), a designated SBA microlender, an IDA fiduciary, and a USDA RMAP (Rural Micro-Entrepreneur Assistance Program) lender. MESO fills a much-needed niche, working with under-resourced, and many minority-owned small businesses, and other challenged small businesses through every stage – from business advising, asset building, and credit preparedness to business lending.
For more information about MESO, visit http://www.mesopdx.org MESO is an equal opportunity employer.
MESO seeks a dynamic and experienced leader to serve as Executive Director to advance its mission. Recognized as a cornerstone of lending and technical assistance to small businesses, MESO provides innovative programs, initiatives, and services to support wealth creation. MESO has high growth goals, an experienced staff, reputation, and a stable and supportive Board of Directors.
The Executive Director is responsible for managing and execution of all operational functions supporting MESO’s small business lending, and technical assistance programs. Accountable to the Board of Directors, the Executive Director represents and is a spokesperson for MESO, effectively and efficiently manages the review and evaluation of program activities and staff, provides contractual compliance oversight, performs fundraising and resource development, markets MESO’s work and vision, allocates necessary resources, and develops organizational policy and programs and works collaboratively with stakeholders from the community, borrowers and funders. The Executive Director leads MESO with an emphasis on organizational values and strategic intent.
Strategic Planning and Board Governance
• Develops and implements the organization’s Strategic Plan and annual action plans in conjunction with the Board.
• Works with the leadership team, community stakeholders and Board of Directors to develops a shared vision for the future, building understanding and alignment around this vision
• Develops goals, strategies, and success measures to advance the vision
• Leading staff in the implementation of the strategic plan
• Fosters Board Alignment in harmony with MESO’s mission and vision
• Coordinates work with the Board’s committees, volunteers, and partner organizations
Financial & Operational Performance
• Oversees effective day to day operational responsibilities of running a mid-sized, complex non-profit organization with multiple streams of income, products, and programmatic activities
• Ensures agency finances are managed wisely and in keeping with public trust
• Provide solid planning and budgeting systems are in place and that the organization’s goals and strategic plan serve as the basis for sound financial planning
• Ensures qualified employees are hired to accurately monitor, assess, manage, and report on the financial health
• Provides an environment for staff growth, development, and collaboration
• With integrity and leadership sets the tone for agency culture and customer service practices at all levels
• Maintains knowledge of laws, regulations, and guidelines within the CDFI, SBA and other funding sources to ensure compliance with regulatory agencies and organizations
Fundraising and Resource Development
• Develops and implements effective fundraising, philanthropy, and financial development strategies that align with MESO’s strategic plan
• Combine strength (ED, Staff, and Board), knowledge, and relationships to help MESO achieve its revenue objectives through a stable and sustainable multi-platformed funding structure and an effective government relations strategy and philanthropic outreach
Program Development and Management
• Oversees the development, implementation and supervision of programs and services that are consistent with the organization’s mission and meet the needs of constituents
• Design MESO programming for impactful outcomes and mission/vision
• Bring creativity and innovation for poverty alleviation and assist staff to meet MESO target market needs
• Proactively works with management team to design and improve technical assistance and training for entrepreneurs
• Sets collaborative goals, managing performance, providing mentoring, coaching, and development opportunities.
• Builds culture of collaboration and communication across all functions and aligns team around shared vision for MESO
Community Relations and Public Policy
• Develops effective working relationships within the community (to include foundations, lending institutions, individual donors, other nonprofits, neighborhood communities, local, City, and State elected officials, SBA, CDFI and other Federal Agencies) to ensure that MESO is represented in the community-at-large and for the constituency that they serve Serves as the chief spokesperson for
MESO in the community; articulates and communicates the value of small business lending in improving quality of life and promotes individuals as well as the communities
• Mentors and supports staff to represent and bring visibility to MESO’s work
• Bachelor’s degree with at least 5-7 years of general management and direct team leadership experience
• Experience and expertise in running the day to day operations of mid-sized, complex organization
• Prior experience leading a successful nonprofit is a plus. Experience at the President, Executive Director, Managing Director, or COO level preferred
• Proven track record of overseeing successful fundraising, securing corporate sponsorships, working with foundations, government funding and/or grant-writing preferred
• Outstanding written, verbal, and interpersonal communication skills.
• Strong planning, organizational and analytical skills.
• A strong leader who positively aligns, develops, and motivates Board, staff, volunteers and build consensus.
• Visionary and innovative thinker.
• Reasoning ability – define problems, collect data, establish fact, develop, and weigh options, then draw valid conclusions
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables
• A “diplomat” – effectively engaging large groups of stakeholders across functions, organizations, and cultures
• Ability to work collaboratively across large number of community stakeholders, the Board, staff, and volunteers
• Ability to identify and share other non-profit best practices to help advance and expand this relatively young organization in its mission
Salary range, $100K to $130K commensurate with experience
How to Apply:
https://www.acumenexecutivesearch.com/job-posts/ to submit a resume and brief cover letter indicating your interest in the opportunity.
If our current open positions aren’t the right fit for you and you’d like us to share relevant opportunities, please send your resume and a brief cover to info@AcumenESearch.com
RCLF provides support through financial assistance and development services which facilitates the development of communities that provide safe, quality housing for the residents of Mississippi and creates economic opportunities that will add/retain jobs in the community. Affirmative Action Policy Statement Renaissance Community Loan Fund is committed to an affirmative action program that provides equal opportunities for all people regardless of race, color, ancestry, gender, marital status, national origin, age, political or religious affiliation, sexual orientation, or mental or physical disability. We strive to create and promote a respectful work environment free from any kind of harassment. We are committed to diversifying and developing a work environment that is both inclusive and tolerant of individual differences.
The Controller is a full-time salaried position responsible for assisting the CFO in directing and overseeing all financial activities of the corporation, including financial planning, reporting, budgeting, accounting, and loan servicing.
Job Duties: Manage operations of the accounting department, including accounts payable/receivable, month-end closing entries, accruals and reconciliation of bank accounts. Prepare financial reports, including but not limited to income statements, balance sheets, reports to the board of directors and/or related committees, tax returns, audits, and reports for governmental regulatory agencies and funding source requirements. Maintain the corporation’s general ledger of related accounting records and underlying support. Review funding agreements to identify reporting responsibilities (both financial and non-financial), and the timeliness of such reporting. Oversee the Loan Servicing Department, including payments, delinquencies, insurance, and maintaining customer escrow accounts for mortgage and business loan clients. Assist with reporting for various programs, including Community Development Financial Institution, Small Business Administration and New Markets Tax Credits. Assist with hiring, developing, and evaluating staff within the Accounting department.
Bachelor’s degree in accounting required. CPA or working towards a CPA certificate preferred. Mortgage loan servicing and banking experience preferred. Experience with government and grant funding preferred.
The Controller is a full time salaried position. Salary DOE.
How to Apply:
Interested applicants should send a resume and a cover letter to firstname.lastname@example.org by November 06, 2020. Potential candidates will be subject to a background check.
Aeris guides capital to good. We are a rating and information service in the impact investing field, which has grown into a $500 billion industry over the last decade. Impact investments aim to address some of the world’s most pressing social and environmental challenges as well as yield a financial return. Aeris provides ratings, analysis, information, and consulting services that bring accountability and transparency to impact investing.
Aeris was established in 2004, focusing first on rating private community development loan funds (CDFIs). These loan funds invest in women and minority-owned small businesses, commercial real estate, affordable housing, and community facilities in socially and economically challenged communities throughout the United States. In 2013, Aeris built a cloud-based platform to collect and manage impact and financial information on CDFIs to further support Aeris services and to provide impact investors with timely data.
More recently, Aeris began applying our knowledge, expertise, and tools to the broader impact investment world. Today, we are expanding the functionalities of our platform to offer impact fund managers a highly reliable SaaS product that supports the collection, management, and analysis of impact and financial performance data of their investments.
Aeris offers mature financial professionals the opportunity to use your financial analysis and credit skills for social good. We are seeking qualified candidates to join our team of experienced financial analysts. We provide rating reports on community development (CDFI) loan funds across the country that support impact investing.
• The impact management rating is an assessment of how well a CDFI pursues and achieves positive change related to its mission and impact goals.
• The financial rating assesses CDFI strength from the perspective of an unsecured investor with a 3- to 5-year investment horizon.
• Be assigned rating analyses of specific CDFIs.
• Analyze the most recent five years of financial information, including audits, portfolio performance reports, and Aeris standardized financial spreads, ratios, tables, and charts.
• Review written policies and narrative documents relating to impact, financial performance, and management, such as strategic plans, board minutes, and underwriting policies.
• Conduct one to two days of interviews with management and board members.
• Write the rating report, averaging 50 pages in length, including opinions on the significant strengths and weaknesses, descriptions of programs and processes, Aeris standardized tables and charts, and explanations for changes.
• Present the rating report and recommended rating to the Aeris rating committee.
Analysts are supported by an operations team that produces initial financial spreads, and a quality review team to ensure credit analysis and writing standards.
Aeris management and experienced analysts are rating committee members. You will have the opportunity to qualify as a rating committee member after completion of several rating analyses, based on management’s assessment of your skills and Aeris experience.
• Extensive experience underwriting financial institutions or structured funds for investment, including qualitative aspects of organizations.
• Sound judgement of financial strengths and weaknesses.
• Solid understanding of accounting concepts.
• Writing skills of publication quality.
• Excellent attention to detail.
• Work well with rote processes, standard conventions, and project deadlines.
• Proficiency in MS Office Word and Excel; experience with SalesForce is a plus.
• Understanding issues, trends, and operations of CDFIs and other impact sectors is a plus.
Aeris analysts are mostly drawn from mid-career to semi-retired financial services professionals.
No extraordinary physical requirements beyond ability to travel. ADA/EOE
Qualified analysts are assigned a minimum of three CDFI analyses per year when fully onboarded. Rating assignments typically complete over a period of four to five months with total analyst hours ranging between 80 to 120 per assignment. Some training time should be factored into the first three to four assignments.
Analysts scheduling is done roughly six months ahead although some scheduling flexibility is required to accommodate unforeseen changes. Site visits for management interviews are periodically scheduled; currently all interviews are being done remotely.
Compensation is based on scope of analysis and complexity of organization.
How to Apply:
Please send applications electronically to Helen Leung, Chief Operating Officer at Careers@AerisInsight.com
To be considered, applications must include:
1. A cover letter stating how your interest and relevant experience fit this opportunity, and
2. A full resume or CV.
The Small Business Assistance Corporation (SBAC) is a Community Development Financial Institution (CDFI), certified by the U.S. Department of Treasury. Additionally, SBAC is a Community Advantage Lender and a Certified Development Company (CDC) licensed by the U. S. Small Business Administration (SBA), and contracted by the U.S. Department of Agriculture (USDA), Georgia’s Department of Community Affairs (DCA), and the City of Savannah, to promote small business development through financing and technical assistance. We offer a wide variety of loan programs for new and existing businesses in our area, prioritizing service to women and minority owned business persons.
Small Business Commercial Loan Officer
Responsible for generating a loan portfolio sourced by a variety of available loan products with loans ranging from $2,500 to $250,000 through direct sales, referrals, and marketing.
Network with bankers, government and community, and business representatives to generate loans, promote SBAC, and increase client contact in and around Savannah and Rural Georgia.
Find, evaluate, and underwrite commercial loan applications.
Prepare qualified loan applications for presentation to Loan Committee.
Bachelor’s Degree or equivalent experience in lending or sales.
Must have Excellent verbal and written skills. Also, working knowledge of Microsoft Office products required
1-5 years of commercial lending or 1-5 years of credit analysis for commercial loan underwriting.
Experience with loan products funded by SBA or other government sources helpful.
Salary: $45,000 – $65,000 per year plus benefits including health insurance, life insurance.
How to Apply:
Email resume and contact information to email@example.com
Virginia Community Capital is a Community Development Financial Institution (CDFI) with a mission to create jobs, energize places, and promote an enhanced quality of life for Virginians. With offices in Christiansburg, Norfolk and Richmond, we offer innovative and flexible financing tools throughout the state. In addition, we provide professional advisory services to individuals and organizations in low-to-moderate income and underserved communities. VCC Bank is a state-chartered bank which is majority owned by VCC, which allows the organization to take deposits and make loans similar to a community bank.
VCC is currently seeking an Investor Relations Compliance Coordinator to manage all funding compliance responsibilities including federal (CDFI Fund), philanthropic, institutional, and individual investors in VCC
The Investor Relations Compliance Coordinator is responsible for assisting the Investor Relations Department with oversight and management of all funding compliance responsibilities and investor files.
• Manage complex annual reporting requirements for the Community Development Financial Institutions (CDFI) Fund
• Manage and submit annual surveys requested by membership organizations, the CDFI Fund, and the Federal Reserve Bank
• Develop reports, charts, and graphs for board meetings and other committees at VCC
• Complete timely reporting for all grants, including government, philanthropic, and corporate.
• Manage draws and reimbursement requests for grants
• Track loan originations and funding sources for specific loans and programs, specifically loans funded with CDFI Fund Awards and Major Grant Awards.
• Work with Marketing team to generate external reports to funders, including the Annual Report
• Work with the Impact team on data collection processes and reports for Impact Data from VCC’s work, such as Jobs created, Housing units developed, Persons impacted, etc.
• Attend weekly pipeline meetings to work with and provide updates to Lending and Community Innovations teams
• Assist finance team annually with internal and external audits
• Record and file grant documents and reports in a timely and organized manner
• Create and update reporting and funding internal guideline processes
• Assist with due diligence activities for fund acquisition opportunities
• Bachelor’s degree with a major in Business Administration, Finance, Economics, Community Development, Community Planning, or related field
• Detail oriented with exceptional analytical and critical thinking skills
• Ability to analyze data to contribute to grant applications
• Ability to communicate clearly and concisely in both written and verbal form, and to distill complex matters into clearly understood and articulated action steps
• Advanced proficiency with Microsoft Office suite specifically Microsoft Excel
• Must have strong organizational and time management skills
• Ability to manage multiple deadlines for reporting needs
• Ability to collaborate across teams to submit surveys, reports, and updates to grantors and funders.
• Prior experience with a customer relationship management system (i.e. Salesforce) preferred
• Ability to write summary reports and narrative updates
This position offers a competitive salary in the range ($45,000-$50,000) based on experience and skills, as well as an excellent benefits package including health, disability, and life insurance, 401(k) savings plan with employer match, and paid time off. In addition to salary, this position is eligible for a bonus opportunity if bonuses are paid in any given calendar year.
How to Apply:
The Homewise mission is to create successful homeowners and strengthen neighborhoods so that individuals and families can improve their long-term financial wellbeing and quality of life. We empower and support clients with financial education and coaching, real estate services, affordable mortgage lending, and down payment assistance, loan servicing, refinance and home improvement lending. We also strengthen neighborhoods by increasing homeownership through real estate development, property rehabilitation, and revitalizing communities. If you are looking for a dynamic, high-energy work environment that focuses on creating positive change, consider a career with Homewise. We offer competitive pay, full benefits, retirement, tuition reimbursement, professional development, and growth opportunities.
We are currently seeking a results-oriented strategic thinker to join our team as the Resource Development Director. The mission of the Resource Development Director is to develop and grow relationships with the philanthropic, corporate, and public sectors to provide both equity and favorable debt ensuring the financial health of Homewise. The ideal candidate is someone that has the ability to; work independently, lead, engage, motivate, and influence others to achieve company and individual growth, juggle multiple projects, communicate clearly both verbally and written, and generate innovative ideas while making decisions to solve problems.
Resource Development Director Job Duties Include:
• Conceive, refine and implement a multi-year, versatile fundraising strategy including grant acquisition, corporate and community sponsorships, and impact investments including public sector, foundation, philanthropic, and corporate grant funding.
• Cultivate and steward relationships with social impact investors, philanthropic, corporate, and public sectors to develop and maintain partnerships that can provide both equity and favorable debt to Homewise.
• Develop and implement a strategy to identify and procure new high-impact grant opportunities with large national foundations with financial stability, affordable housing, community development, or creative place-making focus.
• Lead the process for complex public funding grant applications that require internal cross-departmental or external cross-agency collaboration and coordination.
• Supervise the Grant Writer to ensure the grant proposal development/submission process is effective, resulting in successfully funded grant proposals that meet our budgeted grant raising goals.
• Lead the effort to expand the reach of Homewise Community Investment Fund by developing relationships with Investment and Wealth Advisors with a Social Impact Investing lens.
• Develop and grow relationships with institutional social impact investors, including foundations, corporations, and impact investing collaboratives, that provide favorable investments to Homewise.
• Oversee the maintenance of accurate investor records and manage the annual prospectus update process for the Homewise Community Investment Fund.
Please only apply if you:
• Bachelor’s degree in a related field.
• Demonstrated experience and understanding of capital raising in the areas of financial stability, affordable housing, community development, and/or economic development.
• Demonstrated understanding of the social impact investing field.
• Minimum of 5 years of progressive leadership and team management experience.
How to Apply:
Please submit your resume at www.Homewise.org
The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments. UMEZ facilitates economic development in the neighborhoods of Central, East and West Harlem, Washington Heights; and Inwood.
UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over $1.1 billion in private capital, and has funded 100 small businesses.
UMEZ is a recognized Community Development Financial Institution (CDFI) with over $80 million in assets. UMEZ is proud to be certified by the U.S. Department of the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.
Summary: Under the direction of the President and CEO, the Senior Vice President for Commercial Lending will manage and provide direction for all lending programs and lending staff. He or she must have a strong background in lending and will be responsible for identifying and expanding lending opportunities in UMEZ’s service area.
Essential Duties and Responsibilities: Include the following and other duties may be assigned:
• Manage loan sourcing and origination as well as oversee elements of loans closing processes; Supervise and provide oversight to ensure that loan staff gathers and verifies client application information, including site visits when necessary.
• Manage the growth and quality of loan portfolio and assist in the development of strategic partnerships with community-based organizations, banks and other referral partners.
• Determine the derivation and adequacy of the proposed loan repayment source, taking into account project financials and sponsor’s overall asset and liquidity position.
• Manage execution of new and existing lending programs, including pipeline development and marketing.
• Oversee monitoring and tracking of loan programs, key operational and social impact metrics for various stakeholders.
• Oversee, train and assist junior staff with investment proposals, financial statement analysis, financial modeling and due diligence. Provide regular staff performance assessments and training where needed.
• Make presentations to the Loan Committee and participate in the preparation of program loan documents
This is a full-time position.
Note: Due to the current COVID-19 Pandemic, some work may be organized remotely on a temporary basis. This is not a remote-work position.
SALARY RANGE: The salary for this position is commensurate with experience.
BENEFITS: The benefit package includes medical, dental and vision insurance as well as a 401K plan.
BACKGROUND AND EXPERIENCE
• 5-7 years managerial experience is required
• Demonstrated experience in community economic development lending, management and/or financing.
• Ability to understand and analyze various financial models.
• Formal credit training with supervisory experience is required.
• 3-5 years commercial real estate senior/subordinate construction lending experience is preferable. (Residential mortgage origination is not a substitute for this experience.)
• NYC Affordable housing program knowledge is a plus.
• Excellent oral and written communications skills.
• Community residence and/or familiarity with the Upper Manhattan community preferred.
• Fluency in MS Office suite (Excel, Word, PowerPoint) and SharePoint
PERSONAL CHARACTERISTICS • An energetic and resourceful person with a strong interest in community engagement
• A self starter; a team player; a strategic thinker; a creative problem solver.
LANGUAGE SKILLS Bi-Lingual, English and Spanish, a plus but not necessary
Undergraduate degree in business or a related field; MBA preferred
SUPERVISORY RESPONSIBILITIES Supervises the lending team
Will commensurate with experience
How to Apply:
Interested candidates should e-mail or mail a resume and cover letter to:
Human Resources Manager
55 West 125th Street, 11th Floor
New York, New York 10027
Attn: Senior Vice President for Commercial Lending
No Phone Calls or Faxes Please
Chicanos Por La Causa (CPLC) believes that all people, without discrimination, should have the power to live a life of dignity. Our programs work to help individuals and families achieve self-sufficiency by providing accessible healthcare; affordable housing; a quality education; access to meaningful work; and political representation.
CPLC was founded in 1969 to confront discrimination against Mexican-American students in Phoenix as part of the larger movement led by Cesar Chavez, Dolores Huerta, and others. Today, CPLC has grown to defend the rights of people of all backgrounds, regardless of ethnicity, race, age, gender, orientation, or immigration status, while maintaining a special competence in meeting the needs of the Latino and Spanish-speaking population.
We provide direct services impacting almost 380,000 lives annually in Arizona, Nevada, New Mexico, and Texas.
The Senior Credit Officer is responsible for oversight of credit policy and procedures, credit analysis and quality assurance, underwriting and portfolio management. This includes effectively managing the quality of Prestamos’ small business loan and New Market Tax Credit portfolios by ensuring adherence to Prestamos Credit Policy, strong underwriting and diligent portfolio quality review. Additionally, the SCO is responsible for, credit analysts, portfolio manager, and servicing staff and daily operational functions necessary to support the loan portfolio.
Responsible for the credit policies and its compliance with the applicable regulations and laws, credit risk, product and program management
Monitor and track all underwriting activity to ensure underwriting guidelines and regulations are being adhered to, and information is analyzed and completed within established timelines
Assist with the monitoring of loan performance in the Prestamos’ portfolio and ensure loans are appropriately Risk Rated and adequately reserved
Prepare necessary board reports
Review and recommend loan requests for approval submitted by BDO/ loan analysts within delegated authority limits
Manage Loan Committee meetings, including developing the agenda, overseeing credit presentations, and portfolio performance reviews
Ensure compliance of all approved terms and conditions of a loan
Review all legal documentation prior to loan closings and authorizing the file as “clear-to-close”
Examine files for credit assurance and collateral documentation
Conduct second-level annual review of all credits with outstanding balances over $100,000
Approve short-term loan payment adjustments within delegated authority limits
Identify problematic loans and manage workouts
Negotiate, recommend and discuss workout and or liquidation strategies to minimize loss to the Prestamos and to maximize recovery
Monitor loan covenants for compliance – borrower and funder
Portfolio monitoring and review loan tracking, and risk management activities, including, but not limited to, analyzing portfolio trends and identifying portfolio risk by interpreting data on payment trends, borrower financial ratios, pricing, economic influences, and other factors affecting the portfolio
Set goals/strategies for payment resolution of impaired loans; manage external efforts to achieve
Manage liquidations of collateral
Manage Loan Loss Reconciliation in coordination with the Accountant
Generate and lead monthly Portfolio Quality Review with Vice President and BDOs
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Document and report on lending relationships' status and quality.
Direct due diligence and portfolio assessment practices, evaluating work.
Investigate and understand discrepancies, problems, and unusual situations.
Analyze financial information to determine credit quality, approve credit, and document risk factors.
Develop and document risk mitigation standards and processes.
Minimum of a Bachelor’s Degree in finance, management or comparable business administration or related discipline, or combination of education and experience.
Minimum of 10 years relevant work experience with demonstrated track record of loan credit risk and strong workout expertise and experience with high emphasis on transactions
Possess a clear understanding of both micro- and small business loan underwriting guidelines
Minimum of 2 years of experience working with a Community Development Financial Institution in comparable position
A thorough knowledge of financial statement analysis, forecasting models, cash flow budgets, collateral analysis, appraisal standards and payment performance of loans.
$80 - $100k
How to Apply:
Click on https://workforcenow.adp.com/mascsr/default/mdf/recruitment/recruitment..... Must apply on laptop or pc.
Hartford Community Loan Fund (HCLF) is 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. HCLF provides construction-permanent financing for residential and mixed use properties throughout the state of Connecticut. More information about HCLF can be found at our website: http://www.hartfordloans.org.
The primary responsibility of the Commercial Real Estate Loan Officer (CRELO) is to originate commercial real estate construction loans for residential and mixed use properties in accord with HCLF lending policies. The CRELO will be expected to market the HCLF construction-rehab loan program, analyze and underwrite loan applications, and develop loan packages for presentation to the appropriate approval authorities within the organization.
Reports to: HCLF Director of Lending
• Represent HCLF to prospective borrowers & borrower networks, including apartment building owners, building owner associations, real estate and mortgage brokers, attorneys, and accountants;
• Complete preliminary assessment of credit request to determine if the request meets HCLF’s program guidelines;
• Evaluate real estate projections, borrowers and guarantors’ financial capacity, credit history, and experience;
• When necessary, assist Loan Processor in gathering a complete loan application package
• Prepare and present loan approval packages and recommendations to appropriate approval authorities as determined by HCLF lending policies;
• Provide technical assistance to applicants as appropriate;
• Meet loan production, business development, credit analysis, client relationship, teamwork, and continual improvement goals.
• Bachelor’s degree;
• Minimum of three years commercial real estate lending or related experience;
• Ability to maintain active relationships with referral sources and other key stakeholders;
• Ability to communicate effectively with the public in person and through writing with reasonable accommodations;
• Commitment to social justice issues and quality affordable housing;
• Good written and verbal communication skills; ability to make effective public presentations to a range of audiences;
• Ability to think creatively in structuring of real estate financing transactions; and
• Adept with Microsoft Office applications, especially Excel, Word, and Outlook.
How to Apply:
Interested and qualified candidates please visit our website at www.hartfordloans.org
Established in 1993, the Women's Opportunities Resource Center (WORC) is a nationally recognized 501(c)(3) not-for-profit financial organization headquartered in Philadelphia, PA. WORC was Philadelphia’s first microenterprise program for low-income people and one of the first in the nation. WORC promotes social and economic self-sufficiency primarily for women, minorities, and dislocated workers. WORC and its subsidiary company, the Economic Opportunities Fund (EOF), are certified Community Development Financial Institutions (CDFIs), which provide a wide range of financial products (micro-and small business loans). WORC is also an approved SBA micro-lender and Community Advantage 7A SBA lender.
To learn more about WORC, visit: www.worc-pa.com
Responsible for managing and maintaining WORC’s loan portfolio records and systems, as well as providing loan portfolio financial support and grant/contract compliance support to other departments. Works closely with the Director of Lending and the lending team to ensure all loan closing conditions are met, recorded, and that all loans are appropriately monitored until repaid fully. Works closely with Finance Manager to ensure loan portfolio records match financial accounting records. Works closely with the COO to ensure all grant/contract program requirements are monitored, reported and compliant.
This position will also play a critical support role in designing and implementing reporting and technology upgrades to the existing Loan Portfolio Management System, as well as automating loan administration processes and practices. The ideal candidate will possess a demonstrated attention to detail and a strong ability to manage multiple tasks effectively and efficiently under minimal supervision. S/He works well in teams and can prioritize activities under a matrixed reporting role. S/He must be committed to meeting the needs of undeserved markets and have a passion for providing services to a diverse population, including refugees and immigrants.
• Manage all aspects of Loan Administration, including but not limited to closed loan data entry, processing security interests, processing loan payments and distributions, processing loan modifications, preparing loan payoffs, as well as monitoring compliance of borrower’s reporting and repayments.
• Manage all aspects of the loan portfolio management system (Down Home).
• Conduct post-loan closing file reviews, ensuring basic requirements of loan purpose, term, collateral and financial qualifications fit the various federal and state lending program criteria.
• Work with Director of Lending to ensure documentation for all WORC lending programs are compliant with both internal and external requirements.
• Monitor and ensure borrower compliance with all insurance, collateral, and security documentation requirements.
• Manage and disseminate all regular portfolio reporting, delinquency reports, borrower risk ratings, and status reports.
• Work with Finance Manager to reconcile loan portfolio to accounting records.
• Assist management in preparing investor/funder reports, including but not limited to the CDFI Fund, Small Business Administration, and City of Philadelphia.
• Responsible for helping to enter, maintain, and report out on lending/training client database information. Responsible for Micro Tracker, Field & other surveys.
• Compile information from grant/contract/lending program evaluation databases
• Assist senior management on other projects or deliverables, as needed.
• Required: Bachelor’s Degree or 5 years direct related work experience.
• Required: 3-5 years of experience in loan operations and/or mortgage lending.
• Required: Solid knowledge of basic accounting practices with an ability to understand financial statements and loan documentation.
• Required: Highly proficient with Microsoft products & other technology software.
• Required: Strong analytical and organizational skills with proven ability to work independently under minimal supervision.
• Required: Superior written, verbal, interpersonal skills and ability to work with diverse constituents.
• Preferred: Experience in nonprofit or small office environment a plus.
• Preferred: Experience with Down Home loan portfolio management system.
• Helpful: Experience in community development, federal, state lending programs.
• Job involves normal physical requirements for an office position.
• Minimal travel required (less than 5% of time).
Compensation is competitive and commensurate with experience. Benefits include vacation, paid holidays, health insurance, and retirement plan.
How to Apply:
Interested parties should email their email your resume with cover letter and salary requirement to both: firstname.lastname@example.org and email@example.com
WORC/EOF is an equal opportunity employer and the board and staff value diversity in all aspects of employment.