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Location: Los Angeles

Reports to:  Senior Asset Manager

Exempt Classification: Exempt

Status: Regular, Full-Time


The Low Income Investment Fund (LIIF) is a nonprofit community development financial institution, with headquarters in San Francisco and offices in Los Angeles and New York. LIIF builds healthy communities by bridging the gap between private capital markets and low-income neighborhoods. LIIF is a steward for capital invested in affordable housing, child care, job training programs, education, and other community initiatives


The Senior Credit Associate is responsible for the overall asset management of a portfolio of loans made to support the development of affordable housing, child care facilities, charter schools, and other community facilities.  The Senior Credit Associate also collaborates with Loan Officers in underwriting new loans.  As part of the Lending team, the Senior Credit Associate supports the achievement of regional and overall Lending work plan goals.


The Senior Credit Associate reports to the Senior Asset Manager.  The Senior Credit Associate will work closely with the Chief Credit Officer, Market Directors, Loan Officers, Credit Associates, Loan Associates, colleagues in the Child Care Group, and Finance associates in an effort to meet LIIF’s lending goals and objectives. The Senior Credit Associate will communicate with borrowers, third party lenders, attorneys and other external parties, as appropriate.


Asset Management: 

o          Loan Monitoring – The Senior Credit Associate will be responsible for the ongoing asset management of a portfolio of affordable housing and community facility loans, including developing a relationship with each borrower and conducting regular loan monitoring reviews.  The Senior Credit Associate will prepare Loan Monitoring Reports for each loan on a regular schedule to review overall asset quality, including performance against original underwriting expectations.  Such reviews evaluate information including borrower/sponsor financial statements, rent rolls, project status reports, and overall analysis of the credit condition of the borrower/sponsor, as informed by a complete understanding of LIIF’s relationship with and exposure to the borrower.  The Senior Credit Associate will collaborate with the Loan Officer to obtain additional informational related to the borrower relationship and share information regarding project status.

o          Site Visits – The Senior Credit Associate will conduct regular site visits and prepare site visit reports for loans in his/her portfolio in accordance with lending procedures.

o          Loan Extensions and Modifications – The Senior Credit Associate will be responsible for loan extensions and modifications.  For loans where the borrower is seeking an extension, the Senior Credit Associate will work closely with the borrower to provide an assessment of the necessity, feasibility and credit-worthiness of such extension or modification, and communicate with the Senior Asset Manager and Market Director.   The Senior Credit Associate will conduct an analysis of the credit and make a recommendation as to the extension or modification terms and conditions, if an extension or modification is deemed appropriate.

o          Non-performing Loans – The Senior Credit Associate will work under the direction of the Senior Asset Manager in managing non-performing loans, including but not limited to: conducting site inspections, appraisal reviews, borrower and project financial analyses; participating in developing loan restructuring strategies and alternatives; monitoring compliance with loan restructure agreements, and preparing monitoring reports and action plans.

Loan Origination:  As requested, the Senior Credit Associate will collaborate with the Loan Officer in performing thorough due diligence review and evaluation of loan requests including but not limited to site inspections, financial proforma analysis, evaluating feasibility and likelihood of repayment sources, appraisal reviews, entitlement/land use assessments, environmental report reviews, and analyzing borrower financial statements.

Customer Service:  The Senior Credit Associate will maintain a positive and professional relationship with LIIF’s customers and business partners (which include third party lenders, attorneys and other external parties) by responding promptly to any and all requests in a responsive, consistent, accurate manner. 

Other Duties as Assigned.


The ideal candidate for this position will have these key qualifications:

”           Five years experience in real estate-based lending or business lending, including credit analysis, due diligence and loan documentation

”           Proficiency in analyzing financials of nonprofit organizations and real estate operations (in particular, rental housing and community facilities)

”           Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, special needs housing, and community facilities (e.g. child care centers, educational programs, etc.)

”           Working experience with both private sector financial institutions and public agencies

”           Computer aptitude, including knowledge of Microsoft Office Suite Programs, and other database software

Excellent skills in managing multiple tasks requiring strong attention to detail


Educational background should include a bachelor’s degree in a relevant area of study such as real estate, urban planning, business administration or finance.  In addition, the position requires a high degree of self-motivation, dedication, creativity, and perseverance; flexibility with time and willingness to accept a demanding (and personally satisfying) position.  Excellent teamwork and strong time management skills are essential.  Travel is required, and candidates must have a valid driver’s license.


Mail or email cover letter (including salary expectation & history) with resume to:

Human Resources

Low Income Investment Fund

100 Pine Street, #1800, San Francisco, CA 94111 or


No phone calls, please. Only candidates being considered for this position will be contacted.

LIIF, an EOE, believes that diversity ensures excellence

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