Position Announcement: Loan Officer
Location: Oakland, CA and Washington, DC
NCB Capital Impact (Capital Impact) helps people and communities reach their highest potential at every stage of life. As a Congressionally chartered, District of Columbia, nonprofit community development finance institution, Capital Impact provides financial services and technical assistance to help make high-quality healthcare, healthy foods, housing, and education more accessible and attainable, and eldercare more dignified and respectful. Capital Impact has used its depth of experience, cooperative approach, and network of alliances to generate over $1.825 billion in critical investments that create a high quality of life for low income people and communities. With an agile and diverse team of 90 employees, Capital Impact is redefining how innovation and expertise creates opportunities for underserved Americans. For more information, please visit www.ncbcapitalimpact.org.
The Loan Officer is responsible for representing NCB Capital Impact in its lending in underserved communities. Focusing on investments in charter schools, community-based health care organizations, and retail grocery space, this hire will build upon Capital Impact’s long history of lending within these market segments. The ideal candidate will have a passion for solutions that impact low-income communities, experience in investing and/or lending to nonprofit organizations, and a track record of relationship development and management. Knowledge of New Markets Tax Credits (NMTC) and Community Development Financial Institutions (CDFIs) is a plus. The Loan Officer will report to Senior Director of Loan Originations and work closely with the lending team to track market trends and needs, assess the viability of borrowers, and underwrite and close loans.
- Lead efforts to research, identify, develop, and secure new lending opportunities to develop new business.
- Screen potential loan applicants, structure transactions in coordination with credit team, and issue term sheets.
- Underwrite new transactions for loan approval and manage loan closings.
- Engage in consultative relationship with clients, actively seeking information to understand customers’ circumstances, problems, expectations and needs.
- Manage a small portfolio of key borrower relationships.
- Provide consistent communication, internally and externally, on status of relationships and business activity relative to established performance objectives.
- Track trends in Capital Impact’s target markets in order to contribute to planning for new products and services.
- At least 3 years of lending experience, ideally with a CDFI, with knowledge of business lending products and services and commercial credit standards. Experience in loan origination, due diligence, underwriting, and closing loans is required.
- Prior experience and/or demonstrated interest in health care, education, retail grocery space, and community development lending is strongly desired.
- Demonstrated success in business development required, including: identifying and nurturing relationships; staying abreast on current trends; networking with other lenders.
- Superb interpersonal, written and verbal communication, and business relationship skills.
- Driven, entrepreneurial, creative and flexible, and willing to work hands-on in a fast-paced, growing organization.
- In depth knowledge of loan structuring, credit resolutions, banking/lending laws and regulations.
- A focus on detail-orientation, setting priorities, follow-up, and meeting agreed upon benchmarks and deadlines. Collaborative and comfort being part of a consensus-driven leadership team.
- An ability to embrace and model Capital Impact’s core values of cooperation, innovation, leadership, commitment, trust, and diversity.
- Bachelor’s degree required preferably in business or finance field; Master’s degree in related field preferred.
Please upload a resume and thoughtful cover letter, outlining how your skills and experience meet the qualifications of the position and stating how you heard about this opportunity, both in Word format, to Kim Dempsey at http://jobs.cgcareers.org/application.aspx?id=2058 Applications will be reviewed on a rolling basis.
About Commongood Careers:
NCB Capital Impact has partnered with Commongood Careers to conduct the search for a Loan Officer. Commongood Careers is a mission-driven search firm for the nonprofit sector. With robust networks, a range of service offerings, and accessible fees, Commongood Careers is committed to providing a smarter way for the nation’s leading edge nonprofits to make high-impact hires. Since 2005, Commongood Careers has led over 600 searches for 200 organizations in 29 states, making us one of the most experienced nonprofit search firms in the country. Learn more about nonprofit jobs at Commongood Careers.
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