Background:
The LDC was founded in and remains headquartered in Charleston, South Carolina. We give rise to equity and opportunity, helping communities reach new heights. Established in 1979, the LDC invests in microenterprise for maximum community benefit. As a non-profit Community Development Finance Institution (CDFI), we leverage capital to create local impact, elevate opportunity, and advance social and economic justice. We seek a new loan officer to join our growing team. This individual will also support our affordable housing lending program.
Position Summary:
The Community Development Loan Officer is responsible for assisting prospective small business borrowers with their commercial lending needs, being a resource of information for small business owners, and building stronger relationships in the business development community.
Responsibilities:
• Interview prospective borrowers and applications to determine what their needs are.
• Obtain all applicable financial and other relevant documentation to make informed credit decisions.
• Structure and negotiate terms, create, and present loan proposals to the LDC credit committee and steward the transaction through the closing process.
• Interact with Board members and attend monthly meetings; present information, as needed.
• Provide excellent service by managing expectations through good communication and timely loan closings.
• Assists in the development and delivery of technical assistance programs and provides such services to the small business community.
• Perform credit analysis and collateral evaluation.
• Understand and adhere to internal loan policies.
• Serves on local boards and volunteers for various community events.
Requirements:
Requirements:
• Bachelor’s degree from an accredited four-year college or university with major course work in finance, business administration, economics, or a related field.
• Minimum two years of experience in commercial banking, business, or community development finance.
• A strong understanding of financial analysis, cash flow analysis, and collateral evaluation.
• Strong analytical, time management and organizational skills as well as a high level of attention to detail.
• Effective written and verbal communication skills with the ability to be persuasive one-on-one as well as in a group setting.
• Ability to work effectively with community-based organizations, banks, CPAs, small businesses, entrepreneurs, and public sector administrators.
• Impeccable personal integrity and ability to maintain confidentiality of borrower data.
• Proficiency in Microsoft Office Suite, with emphasis on Word, Excel and PowerPoint.
• Public speaking skills to present information to small and large groups (5-100).
• Other duties as assigned.
Preferred Qualifications
• Experience/knowledge of local businesses, and geography.
• Knowledge of affordable housing regulations or lending practices.
• Eager to invest time in meaningful opportunities, working within diverse communities, and continued learning.
Compensation:
• Salary commensurate with experience
• Generous retirement plan match
• Health, dental and vision insurance
• 20+ days of Paid Time Off (PTO) per year, including holidays, and a flexible schedule
• Mileage reimbursement and per diem for out of town travel at the federal rate of reimbursement
How to Apply:
Submit a resume and cover letter to vicki@charlestonldc.org
LDC is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+, and other underrepresented applicants.
Background:
Do you want to work for Montana’s largest CDFI? In one of the most interesting, historic, and picturesque communities in the Rocky Mountains? If yes, then Clearwater Credit Union has an exciting, high impact opportunity for you, complete with awesome benefits and a great work environment. We are pleased to be accepting applications for a Business Loan Officer in Butte or Bozeman, Montana. Successful candidate must be able to work in Butte at least fifty percent of the time.
Position Summary:
The Business Loan Officer position is responsible for assisting business members with their commercial lending needs, being a resource of information for business members, and building stronger relationships in the business community.
Responsibilities:
• Interviewing the member, determining what their needs are, and obtaining all applicable financial and other relevant documentation to make an informed credit decision.
• Providing excellent member service by managing member expectations through good communication and timely loan closings.
• A strong understanding of financial analysis, cash flow analysis, and collateral evaluation.
• Structures and negotiates terms, underwrites, and closes loans
• Manages a loan portfolio of commercial members that includes monitoring the credit quality by analyzing updated financial information and ensuring that the loan file is updated with all necessary documentation.
• Performs collections and workouts of troubled loans, as necessary.
• Familiarity with credit and other internal policies
• Serves on local boards and volunteers for various community events.
Requirements:
• Minimum 1-3 years of business lending experience.
• Bachelor’s degree in finance, accounting, business administration, or equivalent work experience.
• Excellent computer skills, including Microsoft Office Suite
• Strong written and verbal communication skills required
• Strong organizational time management skills and problem solving skills
Compensation:
Salary depends on experience. Clearwater Credit Union is an equal opportunity employer and offers over 25 benefits beyond salary, including health insurance, PTO, 401(k) match, paid volunteer time and more! Position open until filled.
How to Apply:
Must apply online at www.clearwatercreditunion.org/careers or https://workforcenow.adp.com/jobs/apply/posting.html?client=mfcu#
Background:
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, 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.
Position Summary:
We are seeking a Director of Mortgage Loan Production that is an experienced customer service oriented adaptable self-starter with the ability to effectively coach, manage, and communicate clearly both orally and written. The mission of the Director of Mortgage Loan Production is to ensure that Homewise Lending customers experience customer service that meets or exceeds their expectations throughout the lending process by providing efficient and effective processes and tools to support the lending function.
Responsibilities:
Director of Mortgage Loan Production Job Duties Include:
• Ensures that the Lending Team meets monthly production goals for Home Purchase, Refinance, and HI loans close by the original closing date on the Purchase Contract.
• Ensure systems and processes in the Lending function maximize the efficiency of the Lending function and operations at Homewise. Implements procedures and process improvements designed to improve efficiency and customer service, and on-time closings. Ensure employees are adequately trained in using these systems.
• Participates in and arranges staff training to ensure that staff is qualified and knowledgeable regarding guidelines and policies.
• Assists Operations Manager designing and implementing tracking systems to enforce accountability among production staff.
• Leads the implementation of new technologies including POS and LOS systems. Ensure maximum efficiency in the use of these systems and integration with all other systems as needed. i.e. servicing director, STARS.
• Ensures compliance with all consumer lending laws and regulations.
• Distributes workload among production staff fairly and effectively.
• Ensures productive and harmonious relationships with other Homeownership Team functions including, Home Purchase Advisors, Home Buyer Coaches, Real Estate Sales Associates, and other departments including Real Estate Development and Finance to ensure best practices in service provided to customers.
• Uses Fannie Mae Desktop Underwriter, Calyx, DocVelocity, STARS, and Microsoft Office to maintain a variety of reports. Maintains organized files that can be easily researched by others.
• Participates in setting team goals and objectives on an annual basis.
• Occasionally travels to complete training or to perform other functions representing the lending department.
Requirements:
Work Schedule:
• Must be able to work flexible hours including evenings and/or weekends on occasion.
Please only apply if you have a High school diploma or equivalent and a minimum of five years of experience in mortgage lending or a related field.
Compensation:
Negotiable
How to Apply:
Please submit your resume to jobs@homewise.org or visit our website at www.Homewise.org
Background:
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 is focused on creating positive change, consider a career with Homewise. We offer competitive pay, full benefits, retirement, tuition reimbursement, professional development, and growth opportunities.
Position Summary:
We are seeking a customer service oriented adaptable self-starter with communication skills, and competence in Microsoft Excel, Word, Outlook; Loan Origination software, Windows, and other software applications as appropriate to join our lending team as a Mortgage Loan Processor. The mission of the Loan Processor is to assist Homewise mortgage loan customers to obtain approval by preparing complete loan applications for Underwriting in a timely, efficient, and accurate manner.
Responsibilities:
Mortgage Loan Processor Job Duties Include:
• Receives pre-qualified loan applications from Mortgage Loan Officers.
• Coordinates with borrowers to compile all necessary documentation.
• Collects and analyzes third party documentation as necessary for all applications.
• Assists Loan Officer in resolving documentation that conflicts with original borrower representations.
• Prepares application files and submits to Underwriter.
• Scans all application documentation into the electronic imaging system.
• Works closely with other internal departments including but not limited to Home Purchase Advisors, Real Estate Sales, Real Estate Development, and Lending to ensure best practices in service provided to customers.
• Uses the Homewise, Inc. HATS database system, Outlook, E3, and other electronic tools to provide the best service to customers.
• Complies with all applicable regulations, policies, and procedures.
Requirements:
Please only apply if you have a High school diploma or equivalent. A minimum of two years’ customer service experience is required. Mortgage industry experience is preferred.
Compensation:
Negotiable
How to Apply:
Please submit your resume to jobs@homewise.org or visit our website at www.Homewise.org
Background:
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 is focused on creating positive change, consider a career with Homewise. We offer competitive pay, full benefits, retirement, tuition reimbursement, professional development, and growth opportunities.
Position Summary:
Due to continued growth, we are seeking an experienced Mortgage Loan Officer to join our team. The mission of the Mortgage Loan Officer is to use independent judgment, provide counseling and direction to help mortgage loan applicants find the right mortgage for them with payments they can afford. The ideal candidate is a driven customer service-oriented adaptable self-starter with the ability to communicate clearly and is currently licensed or can become licensed in all jurisdictions in which they will originate loans.
Responsibilities:
Mortgage Loan Officer Job Duties Include:
• Upon referral, initiates a relationship with the customer within 24 hours and coordinates gathering, ordering, and copying of all current pertinent information, including income verification, asset verification, credit profile, and other necessary supporting documentation constituting a complete loan application, which may include: Title Binders, Appraisals, and Verifications of Employment.
• Loan Officer completes the application, consumer loan disclosures, and customer checklist and transfers client information to the Processor within 5 days of borrower assignment to Loan Officer.
• Reviews all information provided by the customer; evaluates the applicant’s financial situation to determine if a customer qualifies for a loan. Works with Processor to review supporting documentation to ensure Borrower eligibility.
• Recommends appropriate loan structures, seeking to access the lowest cost funding sources for which the borrower qualifies while maximizing the effectiveness of Homewise resources.
• Exercises judgment in recommending approval or denial of loan requests and deciding the best loan programs for customers.
• Informs all applicants of their credit decision, rates, and terms, and, where applicable, informs them of affordability based on credit analyses and/or having all credit problems resolved.
• Informs all customers, Realtors, Home Selection Counselors, Real Estate Development department staff, and other relevant parties promptly of any change of status regarding a customer’s qualification or application.
• Counsels with customers who have minor credit problems.
• Locks loans with investors according to Homewise policies for pricing and rate of return, requests extensions if necessary, and executes pair off in case of denial of locked loans
• Attends closings on a regular basis to provide support to borrower(s).
• Uses Fannie Mae Desktop Underwriter, E-3 loan operating system, DocVelocity, HATS, and Microsoft Office to maintain a variety of reports. Maintains organized files that can be easily researched by others.
• Participates in setting team goals and objectives on an annual basis.
• Occasionally travels to complete training or to perform other functions representing the lending department.
• Works closely with other internal departments including but not limited to Home Purchase Advisors, Real Estate Sales, Real Estate Development, and Lending to ensure best practices in service provided to customers.
• Complies with all applicable regulations, policies, and procedures.
Requirements:
Work Schedule:
• Must be able to work flexible hours including evenings and/or weekends on occasion.
Please only apply if you:
• High school diploma or equivalent required.
• A minimum of two years’ experience in mortgage lending or a related field is required.
• State of New Mexico Mortgage Loan Originator license preferred.
Compensation:
Negotiable
How to Apply:
Please submit your resume to jobs@homewise.org or visit our website at www.Homewise.org
Background:
History
LiftFund was launched with the help of Accion International™ and San Antonio community and business leaders. Established in 1994 with headquarters in San Antonio, TX, LiftFund is a 501(c)(3) nonprofit organization helping entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of communities in the 13 states in which we serve.
For more than 21 years, LiftFund, a 501(c)(3) nonprofit organization, has helped individuals achieve the American Dream by providing small business lending to those who do not have access to capital from typical lenders, such as traditional banks. Along with vital small business loans, LiftFund provides educational services at no cost to borrowers, which are essential to foster self-sufficiency.
As a Certified Development Company (CDC), LiftFund administers SBA’s 504 Loan Program in Texas.
Position Summary:
Underwrite SBA 504 loans: To support the 504 Department by underwriting 504 loan applications and submitting credit presentations to the LiftFund loan committee and Small Business Administration. The underwriter will support the Business Development Officers throughout the state of Texas.
Responsibilities:
• Organize the loan file and collect relevant documents such as project cost documents, tax returns, personal financial statements, management history statements, credit bureau reports, real estate appraisal and environmental reports.
• Review and verify that loan applications meet SBA's 504 loan eligibility requirements according to the SBA Standard Operating Procedures (SOP) and Information Notices.
• Review and verify that loan applications meet SBA's 504 credit criteria according to the SBA SOP and Information Notices.
• Review and verify that loan applications meet the requirements of LiftFund's internal lending policies.
• Read tax returns and financial statements; and write a comprehensive credit memo including cash flow analysis.
• Present completed loan credit memos to LiftFund's loan committee. Must be prepared to support and defend the presentation.
• Submit entire loan package electronically to the SBA Loan Processing Center. Must be prepared to reply to the SBA loan officer's questions and submit additional information as needed.
• Maintain effective communication at all times with the LiftFund Business Development Officers, third party lenders (the Bankers), and the borrowers.
• Communicate proactively with the LiftFund Servicing and Closing teams to discuss issues and problematic scenarios.
• Attend occasional SBA training seminars and webinars to maintain your knowledge base.
• Participate in other duties/projects to support the 504 Loan Department on an as needed basis.
Requirements:
• Minimum 3 years’ experience in underwriting loan applications under SBA guidelines and requirements.
• College Degree, or working toward a degree, in Business, Finance, Economics, or related field. Accounting background highly desirable.
• Good technical writing ability with a detail-oriented approach to presentations
• Ability to work under time pressure
• Effective customer service manner and ability to resolve conflicts
• Excellent interpersonal, organizational, and communication skills
• Proficient computer skills including Microsoft Excel and Word
• High ethical standards including honesty, integrity, dedication, and leadership.
Compensation:
To be determined
How to Apply:
Send cover letter & resume:
LiftFund/HR Fax: 210-533-2940
2007 W. Martin St. Email: jhernandez@liftfund.com
San Antonio, TX 78207 Website: www.LiftFund.com
Background:
The Opa-locka Community Development Corporation (OLCDC) transforms under-resourced communities into vibrant, desirable, engaged neighborhoods by improving access to health, education, employment, art, safety, economic development and affordable housing.
Position Summary:
The Opa-Locka Community Development Corporation seeks an experienced Asset Manager under the direction of both the CFO and CEO supervising employees and consultants and in consultation with the OLCDC Leadership team and Real Estate Committee. We are seeking someone who can facilitate the development and implementation of asset management plans and strategies supported by policies, systems, and best practices consistent with our mission, to achieve optimal return on investment and effective deployment of all OLCDC properties, infrastructure, and equipment portfolio. Also responsible for maintaining and overseeing communications with third-party property management companies.
Responsibilities:
Assist the corporation in revising and implementing an asset management plan.
Set up a database for the Corporation's rental properties gathering relevant background information on the projects in both hardcopy and electronic files.
Work in conjunction with the Director of Real Estate Development on recently acquired multifamily project renovations that may require tenants relocation or other property management assistance following all funding guidelines.
Lead implementation and oversight of asset management, routine maintenance, and long-term capital expenditure programs to protect the company’s investment and financial interests.
Provide strategic advice to the OLCDC Executive Team to support the implementation of and adherence to effective asset management principles across the organization and future acquisitions.
Develop financial models, maintain the company’s REO schedule, perform financial analyses and asset management analyses, and recommend appropriate strategies and capital requirements for all assets.
Develop recommendations related to portfolio profile, deployment, and redeployment, acquisition, disposal, or retirement of specific major assets.
Independently monitor the activities of property management firms responsible for the daily operations of the properties, and report significant information to the CFO, CEO, and the Real Estate Committee.
Conduct standing monthly management meetings with supervising property and site managers to include performance reviews that also address tenant relations.
Facilitate property managers working with OLCDC staff on providing support services to tenants both as prevention and intervention assistance.
Lead and monitor third-party property management companies in the performance of lease-ups in both existing and new residential projects.
Identify, evaluate, and recommend capital improvement and replacement projects for each property operating portfolio, including potential energy efficiency retrofits.
Manage LIHTC (low-income housing tax credits) capital accounts through annual analysis and exit tax projections; annual audit review, K-1 schedule and review all funding and loan terms for all projects and establish timelines for addressing refinancing or workout issues.
Develop performance monitoring and tracking systems to allow for internal portfolio review and reporting and to facilitate reports to OLCDC’s lenders, investment funders, and other external sources.
Establish reporting and monitoring schedule with partners' property management operations; establish a quarterly review process.
Examine property management contracts, current performance, and terms to determine the next steps.
Determine the process for bidding out or negotiating new contracts with existing firms.
Examine long term capital needs and issues for developing a capital replacement plan for all projects.
Review capital reserve accounts for all projects and identify shortfalls/surpluses.
Gathering, analyzing information, and advising the CEO on issues that affect OLCDC’s interests as a partner in a minority position that requires the involvement of top executives to resolve.
Requirements:
The ideal candidate will be a dedicated and experienced self-starter who possesses the following skills:
Bachelor’s degree or higher in related field required, Business Management, Finance, Real Estate.
10+ years of progressive experience in real estate asset management, multi-family property management, affordable housing development, including Low Income Housing Tax Credit management.
Proven skills in asset management, planning, and analyses of complex legal, financial, and regulatory compliance.
Proven ability and experience in analyzing financial statements, budgets, and financial data.
Proven ability to oversee successful budget performance from third parties.
Accustomed to forward-thinking and being proactive using an entrepreneurial and creative approach to problem-solving in the field of affordable housing and asset management.
Enthusiasm and team-building spirit, able to lead the team, and be a contributing member.
Computer literacy in office automation and various software applications using Yardi, or other multi-family rental software, spreadsheets, word processing, and databases; intermediate level of proficiency in Microsoft and demonstrated experience and ability to create and manage budgets and reports with Excel; experience with other databases.
Ability and experience with utilizing operating financial data to model performance and analyze and report recommendations.
Keen understanding of the owner's role and function to carry out a dual bottom line of social mission and financial viability.
Demonstrated leadership in the work environment able to work independently and as part of a team
High standards of ethics and integrity expected to hold organizational values committed to affordable and workforce housing.
Compelling written, verbal, and interpersonal communication skills
Manage time strategically improving efficiencies.
Willingness to learn and take on new challenges.
Compensation:
Commensurate with experience
How to Apply:
Please submit a letter with compensation and benefits requirements and resume through our website:
www.OLCDC.org/careers
Background:
U.S. Bancorp (NYSE:USB), with more than 70,000 employees and $547 billion in assets as of June 30, 2020, is the parent company of U.S. Bank, the fifthlargest commercial bank in the United States.
Position Summary:
Successful candidates for positions in the U.S. Bank Law Division consistently provide excellent advice and guidance to clients and colleagues on a variety of legal matters. They build trusting relationships that allow the business to make well-informed decisions. Successful candidates for positions in the Law Division also work to attract, retain, and develop great people in an inclusive environment where each person is valued for the distinct skills and attributes they bring to the group. They contribute to the excellence of the Law Division through meaningful collaboration, participation in the community, and investment in the development of the department.
Responsibilities:
U.S. Bank is seeking a senior attorney to assist with managing legal risk for the U.S. Bancorp Community Development Corporation. The role requires good judgment, a commitment to building strong relationships, and a strong work ethic. Successful candidates should demonstrate at least five years of experience either in-house or at a law firm and must have a J.D. from an accredited law school.
Requirements:
Basic Qualifications
• Law degree from an accredited law school
• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority
Preferred Skills and Experience
• Five years of in-house, law firm, financial services institution, or similar experience
• Experience documenting and negotiating commercial transactions and negotiations, including commercial loan and tax credit documentation
• Ability to communicate effectively in both written and verbal form
• Comfort and skill when speaking in public
• Problem solver with a demonstrated commitment to client service and the ability to work in a team environment
• Ability or potential to implement equitable practices into daily work
• Willingness to learn new skills and information, keeping informed of legislation and rulemaking affecting the business line
• Commitment to continuous improvement in systems and processes
• Demonstrated experience with, or potential to gain thorough and current knowledge of, state and federal tax credit laws and regulations and commercial lending laws
• Experience developing new products and services in a risk-conscious and highly regulated environment
• Development and implementation of regulatory and compliance policies
• Commitment to legal ethics, as demonstrated by experience with attorney-client privilege and conflicts of interest
• Strength working cross-functionally and collaborating with others
Successful candidates for a position in the U.S. Bank Law Division will support U.S. Bank’s core values, which guide what we do every day:
• We power potential.
• We stay a step ahead.
• We draw strength from diversity.
• We put people first.
In the U.S. Bank Law Division, we honor those values through our mission: “We guide our clients to remarkable results with expert legal counsel.” Our commitment is evident in the work we do, not only for the Bank, but for our communities. The Law Division has received several awards for its pro bono contributions, including the Minnesota Corporate Pro Bono Council’s “Excellence in Pro Bono Award,” and we encourage our legal professionals to contribute time and expertise to pro bono work as part of their role.
We are proud that in 2019 U.S. Bank was recognized as a “World’s Most Ethical Company®” by the Ethisphere Institute for a 6th year, named as one of Fortune World’s “Most Admired Companies,” and was on DiversityInc’s “Top 50 Companies for Diversity” list. The U.S. Bank Law Division was also recognized in 2019 as one of Corporate Counsel’s “Best Legal Departments,” and as the “Best North American Legal Department in Financial Services & Insurance” by the International Legal Alliance Summit & Awards.
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Compensation:
DOE
How to Apply:
https://www.usbank.com/careers
Position number 200014704
Background:
Reinvestment Fund is a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to communities creating anchors that attract investment over the long term and help local residents thrive.
The Lending & Investment Department balances social mission with an adherence to credit discipline to make loans with a beneficial impact to communities. We finance community restoration projects that enhance quality of life and economic opportunity centered around places where structural/systemic racism has led to disinvestment. With over two billion dollars deployed since inception, Reinvestment Fund is a leading Community Development Financial Institution (CDFI). Our current financial products span commercial lending, New Market Tax Credits, program services, and impact investment funds management. We value flexibility in developing financial products for our customers, maintaining responsive portfolio management and working with capital partners who share our mission.
Position Summary:
The Originations group is responsible for collaboratively developing the borrower relationships, community connections and partnerships with peer organizations to ensure the department achieves its annual target of closing $150+ million in new loan originations. Associates bear general origination responsibility, including overseeing transactions directly or working to support another lender, and may specialize as either a subject matter expert in one or more of our products (housing, clean energy, healthcare, etc.) or as a target market expert. Our target market experts know the social and civic dynamics of one of Reinvestment Fund’s core geographies (Greater Philadelphia, Baltimore and the capital region, or Greater Atlanta and the Southeastern US), and ensure our projects align with the community’s needs.
Reinvestment Fund has an immediate opening for an Associate to serve as a target market expert for Baltimore and the capital region. The Associate will be responsible for cultivating client relationships through the complete lifecycle of a loan, from client acquisition, underwriting, closing and relationship management. This individual will be responsible for a volume of annual originations, but more importantly for ensuring that the loans and relationships are consistent with the mission of Reinvestment Fund.
Responsibilities:
ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Underwrite potential loans as assigned. This position will have a particular focus on underwriting transactions in the greater Baltimore region, but will also have regular opportunities to work across asset classes and geographies as demand requires.
• Work with Management, Portfolio Management and peer lenders to maintain underwriting standards, evaluations of risks and understanding of mission impacts for potential loans.
• Work with current and potential customers to develop pipeline of projects and loans for underwriting.
• Prepare credit approval memos and present to approval authorities, including Senior Management as required under Loan Policy.
• Develop, maintain and represent Reinvestment Fund in relationships across Baltimore and the capital region, including business community, with non-profit partners, philanthropies, investors etc.
• Understand local market trends, opportunities and challenges and communicate that analysis to internal and external stakeholders.
• Work with third-party counsel and internal managers to develop, review and execute loan documents for loans as assigned.
Requirements:
WHO WE ARE LOOKING FOR:
Originations requires a high level of independent, analytical work, strong interpersonal skills and good judgment. Staff juggle several projects at a time and regularly adjust priorities based on new deadlines. Staff are expected to be flexible and accountable to the team. They are supported by a collaborative, collegial environment and responsive management.
Qualified candidates should have financial industry background, experience in commercial lending or community development and outstanding organizational skills. Strong analytical skills in mission areas such as health policy outcomes, commercial real estate management or the arts can replace or supplement financial background. The successful candidate will have a track record of working collaboratively on projects and will have a demonstrated affinity for working in a team setting. He or she will be passionate about using finance as a tool to change people’s lives for the better.
The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION, EXPERIENCE, CERTIFICATIONS:
• Bachelor’s Degree in finance, economics, accounting or other related fields preferred but not required. Equivalent non-academic experience may also be considered if that experience is in the industries to which we lend
• 5-7 years job experience with increasing levels of analysis expertise in Financial Services, Real Estate, an industry related to Reinvestment Fund’s work
SPECIALIZED SKILLS:
REQUIRED
• Experience creating and communicating complex business and financial analysis including formal writing and oral presentation to decision-makers.
• Ability to effectively synthesize information, organize logical arguments and summarize key points.
• Experience performing analysis and modeling in Excel.
• Ability to draw conclusions from financial and market data to make sound recommendations regarding credit risks.
• Familiarity with the significant political and community stakeholders in Baltimore and the Washington DC metro.
PREFERRED
• Experience reviewing legal documents such as leases, mortgage notes, contracts, etc.
• Experience reviewing construction budgets, project plans, appraisals, inspection reports and other real estate documents.
• Experience working with diverse people and community-based organizations.
• Experience with affordable housing subsidy programs, New Markets Tax Credits, historic tax credit programs and other economic development tools.
Compensation:
Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.
Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States. Reinvestment Fund is an Equal Opportunity Employer. Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job related disabilities, or status as a veteran.
Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals this reporting will extend to your household members. You may be subject to a background check.
How to Apply:
Apply online at https://www.reinvestment.com/career/associate-capital-region/
Background:
Finance Fund is a statewide non-profit financial intermediary that enables the revitalization of economically distressed communities across Ohio.
Established in 1987, Finance Fund connects Ohio's underserved communities with public and private sources of capital. We simplify the complexities of the funding process and manage the flow of millions of public and private dollars to help good ideas come to life—ideas that change systems, create jobs, address community needs and improve the quality of life.
WHAT WE DO
Our funding programs include predevelopment and economic development grants, urban and rural lending, and gap financing to support a wide range of projects such as:
Affordable housing construction or rehabilitation
Community facilities
Health care facilities and equipment
Small business
To date, Finance Fund and its subsidiaries have invested more than $411.7 million into a wide range of projects throughout Ohio’s underserved communities involving economic development, community facilities, manufacturing, and industrial facilities, healthy food retail and distribution, and affordable housing, leveraging more than $1.7 billion of additional investment. Finance Fund has accomplished this total investment by awarding 2,985 grants to community development corporations and other community-based organizations and by making over 81 loans and equity equivalent products to for-profit businesses and nonprofit organizations. Finance Fund’s investments have created important community impacts including the creation and/or retention of 19,457 permanent jobs, and the creation of 11,577 construction jobs; the construction and development of 4,051,029 square feet of manufacturing and industrial space, 298,519 square feet of healthy food retail space, and 10,229,701 square feet of community facilities space serving 74,180 students and 227,474 patients; and creating 17,273 total housing units.
Finance Fund Capital Corporation (FCAP) made its first loan in 2006 and has provided flexible financing totaling $47.5MM to 88 borrowers, leveraging $138.4MM of additional investments. FCAP has financed businesses and projects that have created and/or retained 4,125 direct jobs, developed 314 housing units and 993,128 square feet of commercial space, and served 388,278 people.
HOW WE DO IT
Finance Fund's statewide project portfolio is the result of successful partnerships with innovative clients and visionary funding partners. From state and federal governmental entities and financial institutions to foundations, corporations, and wealthy individuals, our partners share our mission. They trust Finance Fund to see the wisdom of supporting viable economic development initiatives that make sense and enliven communities while providing a financial return. They've learned to trust that when Finance Fund brings a project for consideration, it passes all the tests:
It's what the community wants
It's high impact
It's catalytic
Position Summary:
Under the direction of the Executive Vice President for Real Estate, the Affordable Housing Manager is responsible for monitoring and directing real estate functions, including, but not limited to, grant and funding compliance, data and document compilation from acquisition through marketing and sales, and ongoing reporting to partners and regulatory agencies. This person will serve as the primary point of contact for all compliance issues.
Responsibilities:
Essential Functions:
• Prepare documents related to real estate transactions.
• Assist with preparation, coordination, and filing of grant and other funding applications.
• Compile all necessary information for government agencies – including, but not limited to OHFA, FHLB, HUD, and RD – for property acquisitions, LIHTC applications, and ongoing compliance of existing projects.
• Oversee properties as going concerns, keeping revenue at or above the projected budget, addressing tenant issues, and providing written monthly accounts of costs incurred.
• Compile reports on due diligence including zoning, utility research, title review, market analysis, demographic studies, etc.
• Coordinate site activities, including meeting stakeholders, vendors, and staff on-site.
• Ensure all safety policies and practices are followed – including all permits are received prior to construction work, all necessary inspections are completed, all properties are certified for occupancy.
• Assist Executive Vice President, Real Estate in other duties, as assigned.
Requirements:
Minimum Requirements:
• Minimum of two years of experience in affordable housing, including direct or support roles in acquisitions, design, financial projections, and lease-up or sales.
• Specific knowledge and experience with OHFA, HUD, FHLB, and RD, including loan requirements, grant applications, and HAP awards and assignments.
• General knowledge of and experience with the construction process from identifying site and scope of work to occupying and stabilizing units.
• Willingness to coordinate schedules, host and attend meetings, and work collaboratively on multiple projects at the same time.
• Experience with fundraising, cost accounting, and invoicing.
• Experience with collaboration, community building, and advocacy, and project creation.
• Must be able to pass a criminal background check, pre-employment drug screen, and possess a valid driver’s license.
Compensation:
Negotiable
How to Apply:
To apply for this position, please send a cover letter and resume to Suzette Berry, MBA, the Vice President, Human Resources at Finance Fund and Finance Fund Capital Corporation at SBerry@FinanceFund.org
