ENTERPRISE COMMUNITY PARTNERS INC
Director, Credit & Compliance
ENTERPRISE COMMUNITY PARTNERS INC, Cleveland, Ohio, us, 44101
ENTERPRISE COMMUNITY PARTNERS INC - Director, Credit & Compliance
Location: Cleveland, Ohio Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands - all to make home and community places of pride, power, and belonging. At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with an exceptional benefits package. Job Description Summary Enterprise co-founded Power Forward Communities (PFC), a landmark coalition with some of the country's most trusted community development, climate, and housing organizations. It is purpose-built to decarbonize America's homes and drive a market transformation that cuts costs, benefits renters and homeowners, and focuses on low-income communities nationwide. The EPA has awarded the coalition a $2 billion National Clean Investment Fund (NCIF) grant. Together with our coalition partners, Enterprise will use this award to deploy a powerful combination of financing, market building, and community engagement to create healthier, safer, and more affordable homes. The Director, Credit and Compliance will be a core member of Enterprise Green Accelerator, responsible for managing EGA's credit, compliance, and asset management activities for a portfolio consisting of rehab, new construction, bridge, and solar products, among others. This position will establish and maintain standards and procedures for underwriting, approval, closing, and monitoring of all investments to ensure compliance with NCIF requirements, including Davis Bacon and Related Acts (DBRA) and Build America Buy America (BABA). The Director will ensure that loan proceeds are deployed in accordance with eligible uses of funds and that all financing meets federal requirements, with ultimate responsibility for the timing and accuracy of all reporting to the EPA. The position will manage a team of four and report to the Vice President, Green Lending. Key Responsibilities: Establish and maintain credit policies and lending standards for EGA. Recommend approval processes and thresholds, including creation and management of an investment committee. Develop monthly reporting requirements to support portfolio management from a credit perspective.
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Location: Cleveland, Ohio Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands - all to make home and community places of pride, power, and belonging. At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with an exceptional benefits package. Job Description Summary Enterprise co-founded Power Forward Communities (PFC), a landmark coalition with some of the country's most trusted community development, climate, and housing organizations. It is purpose-built to decarbonize America's homes and drive a market transformation that cuts costs, benefits renters and homeowners, and focuses on low-income communities nationwide. The EPA has awarded the coalition a $2 billion National Clean Investment Fund (NCIF) grant. Together with our coalition partners, Enterprise will use this award to deploy a powerful combination of financing, market building, and community engagement to create healthier, safer, and more affordable homes. The Director, Credit and Compliance will be a core member of Enterprise Green Accelerator, responsible for managing EGA's credit, compliance, and asset management activities for a portfolio consisting of rehab, new construction, bridge, and solar products, among others. This position will establish and maintain standards and procedures for underwriting, approval, closing, and monitoring of all investments to ensure compliance with NCIF requirements, including Davis Bacon and Related Acts (DBRA) and Build America Buy America (BABA). The Director will ensure that loan proceeds are deployed in accordance with eligible uses of funds and that all financing meets federal requirements, with ultimate responsibility for the timing and accuracy of all reporting to the EPA. The position will manage a team of four and report to the Vice President, Green Lending. Key Responsibilities: Establish and maintain credit policies and lending standards for EGA. Recommend approval processes and thresholds, including creation and management of an investment committee. Develop monthly reporting requirements to support portfolio management from a credit perspective.
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