Loan Officer needed in Oakland, CA
May 1, 2013, 10:48 am
NCB CAPITAL IMPACT HAS AN IMMEDIATE OPENING FOR A
IN THE OAKLAND, CA OFFICE
QUALIFIED CANDIDATES CAN SEND RESUME TO ESTEWART@NCB.COOP
|NCB Capital Impact, a not-for-profit lender and technical assistance provider in low-income communities nationwide, seeks a Loan Officer to strengthen its community lending. The Loan Officer is responsible for representing NCB Capital Impact in its lending in underserved communities, focusing in five key sectors –education, health care, healthy foods, housing, and aging– building on our long history of lending within these sectors. The ideal candidate will have a passion for work in low-income communities, 2-5 years of experience in lending or consulting to not-for-profit organizations, ideally with organizations serving low-income populations, and a track record of relationship development and management. Knowledge of New Markets Tax Credits (NMTC) and Community Development Financial Institutions (CDFIs) is helpful.
Specific responsibilities include:
Market NCB Capital Impact lending and technical assistance products and services to new customers, relationships and partners.
Screen potential loan applicants, structure transactions and issue term sheets.
Originate new assets by underwriting transactions and managing a team assembled to work through the approval and loan closing process.
Research and analyze the ecosystem in which we lend as it contributes to the organization’s mission and credit decisions (i.e. market/industry analysis, local/state/federal policy environment, community development context).
Manage a small portfolio of key borrower relationships.
Work closely with all lending staff to assure excellent customer service.
Maintain business development pipeline and contact database.
Participate in strategic planning and program development for lines of business.
Assist in management of loan programs internally and with external partners.
|1. New business development. 20%
With guidance from manager and peers, engage in asset origination through marketing of NCB Capital Impact’s core lines of business through customer contact; attend industry trade conferences and assist with other strategies to promote products and services; foster and maintain key strategic relationships.
2. Transaction due diligence 25%
Structure transactions in coordination with supervisor and credit team; prepare and issue term sheets; arrange follow-up for term sheets.
3. Asset origination 25%
Underwrite new transactions for loan approval. Prepare underwriting memos and present them at credit committee, Prepare commitment letters and negotiate loan documentation. Manage the loan closing process with a small ad hoc team developed to help with analysis, construction monitoring, closing documentation and asset management. Work with partners on loan participations. Manage the loan closing process with a small ad hoc team developed to help with analysis, construction monitoring, closing documentation and asset management. Work with partners on loan participations.
4. Portfolio and Program Management 20%
Manage a small portfolio of strategically significant relationships. Prepare call reports, annual reviews, complete annual site visits and identity new business opportunities. Manage loan programs internally and with external partners.
5. Strategic and tactical planning and product innovation 10%
Participate in and contribute to strategic and tactical planning for NCB Capital Impact’s market sectors. Assist with the development and implementation of new products and services.
Bachelor’s Degree (preferrably in finance or equivalent experience in the field) 3-5 years of lending financial services sales and business development experience, ideally with a Community Development Financial Institution, with knowledge of business lending products and services and commercial credit and lending. The position requires a person to be computer literate in a PC environment using Lotus Notes, Microsoft Office (particularly Word, Excel, and Power Point), Adobe Acrobat, Moody’s Analytics, and Salesforce.com.
Candidates should have demonstrated sales ability and strong communications skills. Candidates must have market knowledge to anticipate needs and impact strategic direction. Candidates must have sufficient credit skills to conduct risk assessment, originate transactions and manage a portfolio. The person should also have strong verbal, written and organizational skills, be detail-oriented, be a self-starter, and be able to work in a team atmosphere where his or her manager may not work in the same office. Prior experience providing credit to education, health care, healthy foods, housing, and aging organizations, and/or CDFIs is a plus.
Ellen Stewart | Human Resources | NCB
2011 Crystal Drive | Suite 800 | Arlington, VA 22202
Tel (703) 302-8008 | email@example.com
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