Careers

NCCLF promotes diversity and equal opportunity in the workplace and believes it is important for the continuing success of the Fund. In accordance with state and federal law, NCCLF will not discriminate against an employee or applicant due to race, disability, color, creed, religion, sex, age, national origin, ancestry, citizenship, veteran status, gender identity, sexual orientation, weight or height or other protected categories in hiring, promoting, demoting, training, benefits, transfers, layoffs, terminations, recommendations, rates of pay or other forms of compensation. Opportunity is provided to all employees based on qualifications and job performance.

Open Positions

Loan Officer/Senior Loan Officer

San Francisco, CA

Position Summary

NCCLF has historically provided loans and NMTC financing primarily to nonprofits and alternatively structured enterprises such as co-ops, throughout the 46 northernmost counties of California.  Our borrowers have made use of our financing to develop affordable housing, a wide range of community facilities, create economic development projects, support access to healthy foods, and provide working capital in order to make a difference in the lives of those who need help the most.

The Loan Officer (LO) or Senior Loan Officer (SLO) serves as a credit professional within NCCLF and participates in the community development lending effort in Northern California.  The position’s primary responsibilities are to source and underwrite loan requests and provide technical assistance to NCCLF’s clients: nonprofit organizations which are acquiring community facilities, developing affordable housing, engaging in economic development activities or requesting working capital to meet the needs of low-income communities and underserved populations as well as enterprises involved in increasing availability of healthy foods to these communities. The LO/SLO will also initiate and develop potential borrower relationships, and build and manage a base of referral sources and strategic partnerships to advance NCCLF’s mission and impact.

The position requires a highly motivated, experienced lender with a background in community development finance, commercial real estate, and/or nonprofit housing/facility development and must possess excellent communication skills.  The ideal candidate is also someone who understands the unique needs of the nonprofit sector, particularly nonprofit human service providers and affordable housing developers in Northern California.  The successful candidate must be a self-starter and must have the demonstrated ability to meet assigned goals successfully and on time.  Finally, the candidate should enjoy working in an active and expanding nonprofit and should be able to thrive in a friendly, cooperative, and fast-paced environment.

Primary Responsibilities 

Underwriting

  • Interview and screen potential loan applicants
  • Perform financial analysis, due diligence and project feasibility assessment for potential loan candidates
  • Provide informal technical assistance through the application and underwriting process, and, as needed, coordinate delivery of formal technical assistance activities through internal and external sources
  • Prepare written credit memorandums with detailed analysis and recommendations for terms and credit structure
  • Present credit analysis for review and approval to Loan Committee or other appropriate levels of authority within NCCLF as required by loan policies
  • Work with the borrower and external parties through loan commitment terms and loan closing
  • Assist the Loan Administration team with loan closing and ongoing monitoring activities
  • Help develop and update loan policies, underwriting criteria and best practices for NCCLF’s main product lines
  • Undertake special projects and other duties as assigned

Business Development

  • Develop and implement sales and marketing plans in targeted communities to achieve market penetration in accordance with lending goals
  • Build and maintain close working relationships with referral sources, potential partners and funding sources
  • Represent NCCLF at public meetings, events and conferences
  • Market loan products and programs to potential borrowers and referral sources
  • Follow up on loan inquiries and provide technical assistance to potential borrowers through the application process
  • Maintain a contact database for ongoing sales and marketing efforts
  • Develop new products or services to meet market demand

Minimum Requirements:

  • Minimum of three years (Loan Officer) or five years (Senior Loan Officer) of loan underwriting experience at a CDFI, bank or other financial institution, preferably related to affordable housing development or commercial real estate construction and asset management
  • Undergraduate degree in business, finance, economics, or other relevant field (Relevant work experience can be a substituted for required education)
  • Excellent underwriting skills, grounded in strong abilities to analyze financial statements, assess management and leadership, review collateral, interpret business and strategic plans, etc
  • Excellent verbal and written communication skills
  • Proven ability to generate client leads and maintain business relationships
  • Superior judgment and attention to detail.
  • Excellent organizational skills, with a strong ability to work independently and with a team, handle multiple priorities and manage time efficiently.
  • Enthusiasm and a passionate commitment to work in community development

Desired Qualifications, Skills & Experience:

  • Working knowledge of the Low Income Housing Tax Credit and New Market Tax Credit programs
  • Experience in consulting and technical assistance in real estate development and/or finance, preferably with nonprofit clients
  • Knowledge and experience with nonprofit community-based organizations in Northern California
  • Understanding of nonprofit finance and management best practices
  • Understanding of and experience with community development lending and funding sources
  • Familiarity with food-related lending
  • English/Spanish bilingual ability is a plus

Relationships:

Position reports to the Senior Manager, Loan Underwriting; communicates regularly with referral sources and potential borrowing 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 program and operates in a collaborative, cooperative, team environment.  Workload will vary requiring flexibility with time. Outside meetings and some local travel within Northern California are 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 may be accommodated)
  • Worksite will be in the offices of NCCLF in San Francisco, with some travel outside the Bay Area for site visits, business development, and conferences

Compensation and benefits

Competitive nonprofit salary range 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 all backgrounds are strongly encouraged to apply.

Send résumé and cover letter:
Northern California Community Loan Fund
Attn: HR
870 Market Street, Suite 677
San Francisco, CA94102

Fax to 415-392-8216 or email to info@ncclf.org with “Attn: Loan Officer” in the subject line.

Application Deadline: Open until filled.

Loan Associate

San Francisco, CA

Position Summary

NCCLF has historically provided loans and NMTC financing primarily to nonprofits, alternatively structured enterprises such as co-ops, and food-related businesses throughout Northern and Central California. Our borrowers have made use of our financing to develop affordable housing, a wide range of community facilities, promote economic development and access to healthy foods, and provide working capital in order to make a difference in the lives of those who need help the most.

The Loan 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 organizations serving low-income communities in Northern California. The Loan 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. NCCLF currently has a loan portfolio of approximately 70 borrowers with aggregate outstanding balances of over $45 million, and a New Market Tax Credit (NMTC) portfolio of over $158 million, covering seventeen projects.

The position requires a highly motivated person with a background in commercial real estate or small business lending operations. The ideal candidate is also someone who understands the unique needs of nonprofit human service providers, affordable housing developers, or healthy foods enterprises. 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.

Primary Responsibilities 

Loan Documentation & Closing (40%):

  • Coordinate closing and funding process in conjunction with the other Loan Associates and Manager of Loan Administration, Loan Officers, borrowers, outside legal counsel, title officers and related parties
  • Document 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 (40%):

  • Communicate effectively with borrowers and serve as one of the primary points of contact for loan closing and post-closing
  • Review and process funding disbursement requests, ensuring proper documentation and compliance with loan conditions.
  • 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 of original documents 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 (10%):

  • Work with Finance and other staff to prepare annual and quarterly reports to the CDFI Fund and multiple other funders and investors
  • 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.

Other duties as assigned (10%):

  • 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 Requirements:

  • Undergraduate degree in business, finance, economics, accounting or related field
  • Minimum of two years of commercial real estate or small business loan operations experience with a demonstrated expertise in loan closing and monitoring, preferably in the field of community development lending
  • Must demonstrate a high level of attention to detail and commitment to accuracy
  • Excellent communication and organizational skills
  • Superior judgment and prudent decision making abilities
  • Financial analysis and database skills (e.g. Salesforce) with a demonstrated proficiency in MS Office Suite
  • Demonstrated ability to consistently multi-task and manage a varied and occasionally intense 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
  • 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
  • Ability to develop strong relationships with clients and other stakeholders

Desired Qualifications, Skills & Experience:

  • Understanding of and experience with affordable housing development, nonprofit community facility construction, and asset management
  • Familiarity with real estate loan documents and basic legal terms
  • Understanding of and experience with either the New Markets Tax Credit program or Healthy Foods access.
  • Knowledge and experience with nonprofit community-based organizations

Relationships:

Position reports to the Manager of Loan Administration; 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 Finance Departments and operates in a collaborative, cooperative, team environment. Workload will vary requiring flexibility with time. Outside and evening meetings are occasionally required.

Hours & 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 & Benefits:

Competitive nonprofit salary range 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.

Send résumé and cover letter:
Northern California Community Loan Fund
Attn: HR
870 Market Street, Suite 677
San Francisco, CA94102

Fax to 415-392-8216 or email to info@ncclf.org with “Loan Associate Search” in the subject line.

Application Deadline: Open until filled.