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Company:
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Northern California Community Loan Fund |
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Job Code:
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Location (City or ZIP):
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San Francisco |
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Status:
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Full Time |
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Posting Date:
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11/03/2009 |
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Job Category:
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Non-Profit, Administrative/Clerical/Office, Banking |
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Salary Range:
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$45,000 - $60,000 |
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Career Level:
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- any - |
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Education Level:
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- any - |
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Job Description
The Northern California
Community Loan Fund (NCCLF) was founded in 1987 to create a socially
responsible investment vehicle to provide capital and expertise to revitalize
low-income communities. NCCLF has grown
into a $35 million intermediary nonprofit organization that provides loans, consulting,
and technical assistance to groups that develop low-income housing, community
facilities, essential health and human services, nonprofit enterprises, and
solutions to the critical issues facing the nonprofit sector. For more information on our programs and
services, please visit our website at www.ncclf.org.
Position Summary
The
Loan Associate will be responsible for the day-to-day lending operations for a
highly successful community development financial institution. The candidate’s primary responsibilities will
be to document and close commercial real estate, construction and working
capital loans and lines of credit to nonprofit organizations serving low income
communities in Northern California. The Loan
Associate will also be responsible for all Lending Department operations and
monitoring functions to ensure compliance with terms and conditions of all
loans including preparing and maintaining all lending records and reports. Finally, the Loan Associate will be responsible
for the social impact data collection and analysis needs of the organization. NCCLF currently has a portfolio of 49
borrowers with aggregate outstanding balances of $19 million.
The position requires an
experienced professional with a background in commercial real estate lending operations
and a strong aptitude for financial analysis.
The ideal candidate is also someone who understands the unique needs of
the nonprofit sector, particularly nonprofit human service providers and affordable
housing developers. The candidate must
be a self-starter, have the demonstrated ability to accurately and efficiently
work on several tasks simultaneously and have superior written and verbal
communication skills. Finally, the
candidate should enjoy working in an active and expanding nonprofit and thrive
in a friendly, cooperative, and fast-paced environment.
Background
NCCLF’s
Revolving Loan Fund provides term loans, construction, bridge, gap and
subordinate financing, including working capital and lines of credit to meet
the capital needs of nonprofits throughout the 46 northernmost counties of California. Our loans are utilized to develop affordable
housing; the purchase, rehabilitation or construction of community facilities,
including healthcare clinics, child care centers, charter schools and nonprofit
office and program space; and economic development projects that make a
difference in the lives of those who need help the most. Since making our first loan in 1988, we have
committed $106 million in loans to nonprofits; financing 309 projects valued in
excess of $1.2 billion with minimal losses to date.
Responsibilities
Loan Documentation and Closing
- Coordinate closing and
funding process in conjunction with the loan officer, borrower, outside legal
counsel, title officers and other related parties
- Document highly complex
commercial real estate loan transactions (including construction loans and
New Markets Tax Credit loans) from initiation of commitment to funding in
a timely manner
- Review title reports, escrow
instructions, loan documents, surveys, environmental, property condition
reports, insurance and other exhibits ensuring no losses as a result of
improper closing procedures
- Ensure compliance with
all loan requirements, commitment and approval conditions
- Anticipate and effectively
manage closing problems by identifying and recommending solutions to meet
the needs of NCCLF and our borrowers
- Ensure files are kept
organized, maintaining an audit trail of all closing steps
- Undertake special projects and other duties as
assigned
Lending Operations and Portfolio Monitoring
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Effectively communicate with borrowers and act
as the primary point of contact post-closing
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Collect and analyze quarterly financial
statements and reporting documentation to determine financial condition, credit
worthiness and project compliance for all borrowers
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Ensure compliance with credit policies covering
risk management and lead quarterly monitoring and loan loss reserve meetings
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Maintain working knowledge of loan policies and
protocols
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Assist Finance Department with the accounting function
for all borrowers
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Effectively analyze, communicate, and make
recommendations to address loan delinquencies
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Maintain post-closing credit and monitoring
files
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Prepare and maintain Lending Department
operations and activity reports
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Maintain the loan portfolio management system
and related databases
Social Impact Tracking and Analysis
- Collect and analyze social impact data from
borrowers
- Provide assistance to Development and Finance
Departments with the analysis of data needed for funding requests and investor
compliance
- Undertake special projects and other duties as
required to measure social impact of the organization
Minimum Requirements
- Undergraduate degree in business, finance, accounting
or related field
- Minimum of three years of commercial real estate loan
operations experience with a demonstrated expertise in loan closing and
monitoring, preferably in the field of community development lending
- Broad operations experience in a lending
environment with a general understanding of accounting and legal
principles
- Must possess an obsessive attention to detail and
accuracy
- Superior judgment and prudent decision making abilities
- Demonstrated ability to consistently multi-task
and manage a heavy workload
- Exhibit a high degree of professionalism demonstrating
urgency, accuracy, timeliness, and teamwork
- Ability to build individual relationships
internally and externally and elicit confidence by demonstrating
reliability, sense of urgency and sound judgment
- Excellent financial analysis and database skills
with a demonstrated proficiency in MS Office Suite
- Excellent communication and organizational skills
- Strong team player skills and ability to work
effectively in a cooperative and diverse environment
- Enthusiasm, entrepreneurial spirit, and a
passionate commitment to work in community development
Desired Qualifications, Skills and Experience
- Underwriting experience in commercial lending or
community development field
- Knowledge and experience with nonprofit community-based
organizations
- Working knowledge of New Markets Tax Credits
- Understanding of and experience with affordable
housing development, nonprofit community facility construction and asset
management
- Understanding of nonprofit finance and management
best practices
Relationships
Position reports to the
Director of Lending; communicates regularly with borrowers; attends and
participates in Loan Committee meetings; interacts extensively with the lending
team and staff/management in other NCCLF departments; and represents NCCLF to
outside constituencies.
Job Context
Position is pivotal to the
success of the Lending Department and operates in a collaborative, cooperative,
team environment. Workload will vary
requiring flexibility with time. Outside and evening meetings are occasionally required.
Hours and Location
- Full-time position
- Work hours will be predominantly during regular
business hours, although occasional evening or weekend hours will be required. A flexible schedule can be accommodated.
- Worksite will be based within the offices of
NCCLF in San Francisco
Compensation and benefits
Starting
salary is commensurate with experience with a range of $46,000 to $50,000, plus
an excellent benefits package including health, dental, retirement plan and
three weeks vacation.
NCCLF
is an equal opportunity employer; people of color and women are strongly
encouraged to apply.
To Apply
To Apply: Send resume and cover letter: Northern California Community Loan Fund. Attn:
Loan Associate Search, NCCLF, 870 Market Street, Suite 677, San Francisco,
California 94102 OR fax to 415-392-8216
OR email to hr@ncclf.org Application Deadline: December 31, 2009
or until filled.
Contact Information
Company:
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Northern California Community Loan Fund |
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Location:
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San Francisco |
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