NFF Board
Chief Credit Officer Los Angeles, California, United States
NFF Board, Los Angeles, California, United States, 90079
Position Reports to:
Chief Executive Officer
Location:
Preference is for the position to be in commutable distance to one of NFF’s office locations which are Boston, Los Angeles, New York, Oakland, and Philadelphia. Remote locations will be considered.
For over 40 years, Nonprofit Finance Fund has provided nonprofits and their leaders with capital, consulting, and thought leadership. As a community development finance institution (CDFI), we work with nonprofits, partners, and systems to build racial equity and community wealth and well-being. Our vision is a world of equitable prosperity, where communities of color and other systematically excluded communities have the capital, community assets, knowledge, and agency to thrive.
About the Opportunity:
NFF provides loans to nonprofit organizations for their real estate and working capital needs with a commitment to ensuring communities of color and their leaders have access to and control of the funds they need to meet their goals. Currently, NFF manages around $400 million of financing assets, primarily loans to nonprofit organizations in the education, healthcare, human service, and housing sectors. We are seeking a Chief Credit Officer (CCO) to oversee the risk management of NFF’s loan portfolios.
The Chief Credit Officer will report to the Chief Executive Officer. The CCO will serve as a member of the Executive Team, along with the Chief Financial Officer, Chief Operating Officer, and Chief of Client Services.
What you’ll do:
Foster a strong risk management culture throughout the organization.
Support the lending team in the structuring and negotiation of transactions.
Review and provide guidance to lending staff on term sheet proposals.
Work alongside lending staff to collaborate with clients and lending partners.
Chair NFF’s Internal Credit Committee (ICC); facilitate discussions of transaction risks.
Approve loan requests per NFF credit policy delegated authority.
Coordinate with NFF in-house counsel and portfolio management staff.
Direct oversight and accountability for the overall quality of NFF’s loan portfolio performance.
Oversee timely preparation and accuracy of quarterly and annual portfolio reporting.
Manage and lead quarterly Loan Loss Reserve Committee meetings.
Oversee continuous improvement of lending policies and practices.
Provide individual and team support to ensure Financing staff have necessary credit skills.
The CCO will manage one staff person – Director, Credit and Risk.
Who you are:
You have a minimum of 10-15 years of real estate lending or credit review experience.
You have prior experience serving at the Executive level of the organization.
Strong aptitude for analyzing the credit strengths and weaknesses of proposals.
Strong skills in analyzing business financial statements and cash flow projections.
You have a strong relationship-building approach.
You are a strategic thinker; you combine strategy and innovation.
You possess strong project management skills.
You have an aptitude for problem-solving.
You maintain a high level of integrity.
You are flexible and adaptable.
You are committed to continuous improvement.
You have exceptional communication and interpersonal skills.
At NFF, we are invested in discussing the depth and breadth of each candidate’s background and experience during the interview process. The salary range for this position is $220,000 – $250,000. NFF provides an attractive benefits package.
Please Note:
Applicants must be authorized to work for any employer in the U.S. We do not currently sponsor for immigration or work permit applications.
Nonprofit Finance Fund is committed to diversity, equity, and inclusion in its workforce. We encourage candidates that will help us live out this commitment to apply.
#J-18808-Ljbffr
Chief Executive Officer
Location:
Preference is for the position to be in commutable distance to one of NFF’s office locations which are Boston, Los Angeles, New York, Oakland, and Philadelphia. Remote locations will be considered.
For over 40 years, Nonprofit Finance Fund has provided nonprofits and their leaders with capital, consulting, and thought leadership. As a community development finance institution (CDFI), we work with nonprofits, partners, and systems to build racial equity and community wealth and well-being. Our vision is a world of equitable prosperity, where communities of color and other systematically excluded communities have the capital, community assets, knowledge, and agency to thrive.
About the Opportunity:
NFF provides loans to nonprofit organizations for their real estate and working capital needs with a commitment to ensuring communities of color and their leaders have access to and control of the funds they need to meet their goals. Currently, NFF manages around $400 million of financing assets, primarily loans to nonprofit organizations in the education, healthcare, human service, and housing sectors. We are seeking a Chief Credit Officer (CCO) to oversee the risk management of NFF’s loan portfolios.
The Chief Credit Officer will report to the Chief Executive Officer. The CCO will serve as a member of the Executive Team, along with the Chief Financial Officer, Chief Operating Officer, and Chief of Client Services.
What you’ll do:
Foster a strong risk management culture throughout the organization.
Support the lending team in the structuring and negotiation of transactions.
Review and provide guidance to lending staff on term sheet proposals.
Work alongside lending staff to collaborate with clients and lending partners.
Chair NFF’s Internal Credit Committee (ICC); facilitate discussions of transaction risks.
Approve loan requests per NFF credit policy delegated authority.
Coordinate with NFF in-house counsel and portfolio management staff.
Direct oversight and accountability for the overall quality of NFF’s loan portfolio performance.
Oversee timely preparation and accuracy of quarterly and annual portfolio reporting.
Manage and lead quarterly Loan Loss Reserve Committee meetings.
Oversee continuous improvement of lending policies and practices.
Provide individual and team support to ensure Financing staff have necessary credit skills.
The CCO will manage one staff person – Director, Credit and Risk.
Who you are:
You have a minimum of 10-15 years of real estate lending or credit review experience.
You have prior experience serving at the Executive level of the organization.
Strong aptitude for analyzing the credit strengths and weaknesses of proposals.
Strong skills in analyzing business financial statements and cash flow projections.
You have a strong relationship-building approach.
You are a strategic thinker; you combine strategy and innovation.
You possess strong project management skills.
You have an aptitude for problem-solving.
You maintain a high level of integrity.
You are flexible and adaptable.
You are committed to continuous improvement.
You have exceptional communication and interpersonal skills.
At NFF, we are invested in discussing the depth and breadth of each candidate’s background and experience during the interview process. The salary range for this position is $220,000 – $250,000. NFF provides an attractive benefits package.
Please Note:
Applicants must be authorized to work for any employer in the U.S. We do not currently sponsor for immigration or work permit applications.
Nonprofit Finance Fund is committed to diversity, equity, and inclusion in its workforce. We encourage candidates that will help us live out this commitment to apply.
#J-18808-Ljbffr