San Francisco, California
(Full-time position)
January 2010

Position Summary

The Loan and Compliance Associate will assist with the lending, monitoring and reporting operations for a highly successful community development financial institution. Responsibilities will include documenting and closing commercial real estate, construction and working capital loans and lines of credit to nonprofit organizations serving low income communities in Northern California. The Loan and Compliance Associate will also be responsible for Lending Department operations and monitoring functions to ensure compliance with terms and conditions of all loans including preparing and maintaining lending records and reports. Finally, the Loan and Compliance Associate will be primarily responsible for the social impact data collection, analysis, reporting and compliance needs of the organization. NCCLF currently has a portfolio of 49 borrowers with aggregate outstanding balances of $19 million.

The position requires a background in commercial real estate lending operations, compliance and reporting. 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 used 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 (30%)

• Coordinate closing and funding process in conjunction with the other Loan Associate, Loan Officer, borrower, outside legal counsel, title officers and related parties
• Document complex commercial real estate loan transactions (including construction loans and New Markets Tax Credit loans) from 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

Lending Operations (30%)

• Effectively communicate with borrowers and serve as one of the primary points of contact post-closing
• Collect quarterly financial statements and reporting documentation and assist in determining financial condition, credit worthiness and project compliance for all borrowers
• Monitor compliance with credit policies covering risk management and participate in quarterly monitoring and loan loss reserve meetings
• Maintain working knowledge of loan policies and protocols
• Work closely with Finance Department to ensure correct accounting for all loans
• Effectively track, analyze, communicate, and make recommendations to address loan delinquencies
• Maintain post-closing credit and monitoring paper and electronic files
• Prepare and maintain Lending Department operations and activity reports
• Maintain the loan portfolio management system and related databases

Social Impact, Compliance & Reporting(20-40%)

• Work with Finance and other staff to prepare annual and quarterly reports to the CDFI Fund and multiple other funders and investors
• Collect and analyze social impact data from borrowers and consulting clients
• Prepare and implement annual borrower/client survey, analyze results
• Work collaboratively with other departments to manage information, reporting and document preparation for various internal and external needs include funding requests, grant reports, annual audit, securities permit application and compliance with investor covenants.

Special Projects (0-20%)

• Assist or lead ad-hoc projects as assigned that may include industry research, product development, operational efficiency, compliance and reporting systems protocol, social impact tracking development, funding applications or policy analysis

Minimum Required Qualifications

• Undergraduate degree in business, finance, accounting or related field
• Minimum of one year of commercial real estate loan operations experience with a demonstrated expertise in loan closing and monitoring, preferably in the field of community development lending
• Must possess an obsessive attention to detail and commitment to accuracy
• Superior judgment and prudent decision making abilities
• Demonstrated ability to consistently multi-task and manage a varied and occasionally heavy workload
• Exhibit a high degree of professionalism demonstrating accuracy, timeliness, and teamwork
• Ability to build relationships internally and externally and elicit confidence by demonstrating reliability and professionalism
• Financial analysis and database skills with a demonstrated proficiency in MS Office Suite
• Excellent communication and organizational skills
• Strong team player and ability to work effectively in a cooperative and diverse environment
• Enthusiasm, entrepreneurial spirit, and a strong commitment to work in community development

Desired Qualifications, Skills and Experience

• Knowledge and experience with nonprofit community-based organizations
• Understanding of and experience with affordable housing development, nonprofit community facility construction and asset management

Relationships

Position reports to both the Director of Lending and Director of Finance & Operations; communicates regularly with borrowers and clients; 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 and Operations Departments 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

Salary range is $40,000 to $44,000 depending upon experience, 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

Send résumé and cover letter to:

OR

fax to 415-392-8216

OR

email to hr@ncclf.org

Application Deadline: January 31, 2010 or until filled.