Director of Loan Administration and Portfolio Management (CDFI)

CDFI Director of Loan Administration and Portfolio Management

The Opportunity
Do you have a passion for building operational capacity and supporting economic and community revitalization in Baltimore City The Neighborhood Impact Investment Fund (NIIF) is a placebased nonprofit investment fund with a mission to mobilize capital and leverage partnerships that support community development drive economic opportunity and promote equity in Baltimores disinvested neighborhoods. Launched in 2019 NIIF is a Community Development Financial Institution (CDFI) certified by the US Department of Treasury and has committed over $75 million in loans and investments in Baltimore communities.

We are seeking a CDFI Director of Loan Administration and Portfolio Management to design and build a loan administration team to enhance an ongoing relationship and risk management of NIIFs growing loan portfolio and to support increased construction lending. Reporting to the Chief Lending Officer this role ensures efficient compliant and missiondriven oversight of loans throughout their life cycle including draw approvals budget management and general project oversight. The Director will also oversee ongoing portfolio management including loan reviews on a semiannual basis. NIIF envisions that the Director will create and hire one to two supporting position(s) and implement robust procedures as necessary and in alignment NIIFs mission and impact goals.

This position calls for a creative teamoriented proactive and goalfocused leader who is deeply committed to community investment and urban development. If you love rolling up your sleeves and working with a highperforming team please keep reading!

Successful candidates for the position will need to demonstrate the following:

• Ability to design build and support organizational capacity and growth to help NIIF execute and achieve our mission.
• Experience working with staff boards and public private and nonprofit partners.
• Effective communication skills high integrity and dedication to following through for our organization and our clients.
• Personal commitment to delivering high quality service to current and prospective clients and partners in a collaborative manner.

RESPONSIBILITIES:

Loan Administration

• Assist in loan closings in collaboration with lending and finance staff to ensure compliance with NIIF policies and credit approvals.
• Oversee loan servicing and loan collections developing and modifying processes and procedures to ensure they are optimized for serving target communities.
• Manage postclosing draws to ensure consistency and efficiency to maximize borrower success.

Construction Lending

• Review and revise NIIF policies and procedures for construction lending and servicing.
• Establish personnel requirements and identify resources to support construction lending.
• Coordinate all aspects of the draw request process which includes ordering inspections reconciling project budgets reviewing AIA forms and invoices calculating draw funding and obtaining internal approvals for disbursements.
• Monitor insurance policies for all loans in construction ensuring they are properly converted upon completion.
• Review any reallocations from change orders obtaining internal approval to fund coordinating with Loan Servicing for execution of disbursements and providing confirmation of funding to the client.
• Collaborate with lending staff to prepare construction modification extension conversion or annual review approvals and/or documentation.

Portfolio / Risk Management

• Collaborate with the Chief Lending Officer in setting ongoing loan reporting requirements and oversee closing collection and evaluation of required reporting of financial and impact data for all transactions.
• Oversee all covenant related reporting collection and evaluation.
• Maintain current insurance policy for all loans including those in the midst of construction and ensure policy is properly converted at completion.
• Lead semiannual reviews of all loans to assess credit and operating risk and monitor health of the loan portfolio. Establish and recommend changes to loanrelated reserves and / or writeoffs as appropriate.
• Develop and maintain key performance indicators (KPIs) that measure both financial performance and community impact demonstrating the CDFIs effectiveness in achieving its mission.
• Direct NIIFs handling of all troubled loans including working with Chief Lending Officer in structuring / approving all modifications extensions and collections strategies. Conduct regular review of credit and lending administration processes focusing on both financial and impact metrics.
• Prepare and present regular reports for CEO and the board on loan portfolio performance compliance status and community impact.
• Provide insights and recommendations to senior management on strategic initiatives related to credit and lending administration considering the social and economic needs of target communities.

Personnel

• Develop position descriptions hire and manage 12 additional staff members to support Credit and Lending Administration functions.
• Establish performance goals that align with the CDFIs mission and impact goals provide regular feedback and conduct performance evaluations.
• Foster a collaborative and highquality work environment that values diversity equity and inclusion.
• Serve as a key point of contact for NIIF team and external stakeholders including borrowers and public and philanthropic partners regarding credit and lending administration matters.

PREFERRED QUALIFICATIONS:

• Bachelors degree in business administration finance community development or a related field; Masters degree preferred.
• Minimum of 7 years of experience in lending administration with progressive leadership responsibilities and preferably in a CDFI or similar missiondriven organization.
• Proven experience in managing servicing and collections processes with a focus on construction lending.
• Strong project management skills with demonstrated success managing multiple projects and priorities.
• Excellent communication (verbal and written) and interpersonal skills.
• Advanced experience with Microsoft Office applications including Excel and loan management systems.
• Enjoy collaborating with diverse team members who are working together to reenvision how we combine investments and financial expertise to drive change in communities.

Compensation:

• The anticipated annualized salary range is $130000$140000 for full time employment along with a benefits package including medical insurance HSA and retirement benefits. A generous paid time off program is also available.

TO APPLY:

NIIF will begin a review of applications immediately and will continue its work until an appointment of a CDFI Director of Loan Administration and Portfolio Management is made. For full consideration applicants MUST submit the following in a Word Document:

• Letter of interest: Please address how you can help lead NIIF as CDFI Director of Loan Administration and Portfolio Management in achieving our mission and strategic initiatives.
• Professional Resume.

Who We Are:

NIIFs vision is for Baltimore communities to have the capital and resources to achieve their aspirations. As a CDFI we seek to foster this vision by mobilizing capital and leverage partnerships that support community development drive economic opportunity and promote equity in disinvested neighborhoods.

NIIF is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin disability veteran status or other protected class. Applicants of diverse backgrounds are encouraged to apply.

We welcome you to apply today!