NATIONAL COMMUNITY INVESTMENT FUND
Vice President of Lending and NMTC
NATIONAL COMMUNITY INVESTMENT FUND, Chicago, Illinois, United States, 60290
Job Title:
Vice President of Lending and NMTCReports to:
President and CEO
Company OverviewNational Community Investment Fund (“NCIF” www.ncif.org) is a national nonprofit CommunityDevelopment Financial Institution (CDFI) and impact investor with a mission to increase accessto responsible financial products and services in underserved communities. Since its founding in996, NCIF has invested/lent over $450 million, invested in 40+ CDFI and MDI banks and creditunions and created impact around its four key themes – economic opportunity, racial equity,environmental sustainability and strengthening of mission oriented financial institutions. TotalAUM as of date are $248 million including $168 million off-balance sheet assets (e.g., NewMarkets Tax Credits (NMTC) deployments). Impact measurement has been foundational toNCIF investing/lending activities with the development of BankImpact.org and the AI-driven dataanalytics platform.
Job SummaryNCIF is entering its next phase and planning for accelerated growth over the next 5 years. Tosupport this, NCIF is seeking a Vice President of Lending and NMTC as part of its growing fundmanagement team to deploy loans and NMTC nationally. Expected loans include leveragedlending to support NMTC, LIHTC and housing and other CRE projects. Impact assets will be inthe form of leveraged loans which NCIF will syndicate to its network of CDFI and MDI banks(more generally, mission oriented financial institutions).
The person is a member of the senior management team with strategic and transactionalresponsibilities.
Key Responsibilities
Relationship Management
Relationship manager for a book of business to originate, underwrite, asset manage
through successful exits. Such loans may utilize NMTC, LIHTC or other governmentprograms in participation with NMTC CDEs, housing lenders and NCIF network partners.
Deploy NCIF NMTC allocations in real estate and business operating loans.
Underwrite and prepare credit memoranda, close and asset-manage from inception to
exit.
Strategic Product Development
Contribute to the development of NCIF Business strategy focused on growth and impact
measurement.
Help develop strategies for new lending products – housing, government guaranteed
loans, greenhouse gas reduction loans.
Capital Raising
Along with executive members of the NCIF team, help raise capital from private and
public sector sources (CDFI Fund programs like NMTC and Financial Assistance). Thisrequires strategic input, data compilation and writing applications in response to RFPs.
External RepresentationRepresent NCIF externally with potential and existing partners, as appropriate.Coach, mentor, and lead a team of analysts and help them develop both technical credit
skills and intangible partnership skills.Contribute to NCIF’s continued efforts to improve systems and processes, credit
standards, and impact measurement and engage in real efforts to make a positivedifference in low-income communities.
Skills and QualificationsTechnical Expertise
o 10+ years of experience in lending, credit risk management and/or capital markets(public finance, debt capital markets, real estate finance); experience working in abank or a nonbank CDFI will be a strong positive;
o Knowledge/experience with New Markets Tax Credits (NMTC), Low Income HousingTax Credits (LIHTC), affordable housing, government programs like CDFI Fundprograms (FA, Bond Guarantee, Capital Magnet Funds, etc.);
o Excellent credit background with a proven ability to assess and mitigate risks;o Experience with syndications and loan participations will be a plus;o Ability to communicate effectively with different stakeholders with various technical
backgrounds;o Desire to create measurable impact from capital deployment.
Sales and Marketing
o Business development and relationship management with a desire to build a book ofbusiness in underserved communities;
o Proven experience to manage relationships from loan origination, structuring, assetmanagement and successful exits
Focus on Economic Development, Leadership and Communicationo Passion for creating positive social, economic, and environment changes through
high-impact lending and motivation to make a difference in low-income communities;o Self-starter with the ability to form strong working relationships both internally and
externally by demonstrating transparency and honesty to build relationships andcollaborate with NCIF Network partners;
o A growth mindset, an excitement about building the business and an entrepreneurialapproach to the ways in which that growth might occur; and,
o Ability to represent NCIF externally as a relationship manager and on conferencepanels.
Application ProcessTo apply, please send your resume, cover letter, and portfolio of relevant work toadministration@ncif.org. Applications without a cover letter and portfolio will not be considered.We look forward to hearing from you.
Equal Opportunity EmployerNCIF is committed to providing equal employment opportunities to all employees andapplicants, regardless of race, color, religion, gender, sexual orientation, national origin, age,disability, or veteran status. We encourage applications from all qualified individuals.
NCIF has a hybrid schedule with part remote/in-office work schedules. Preference will be givento candidates who are residents of Chicago or are willing to relocate.
#J-18808-Ljbffr
Vice President of Lending and NMTCReports to:
President and CEO
Company OverviewNational Community Investment Fund (“NCIF” www.ncif.org) is a national nonprofit CommunityDevelopment Financial Institution (CDFI) and impact investor with a mission to increase accessto responsible financial products and services in underserved communities. Since its founding in996, NCIF has invested/lent over $450 million, invested in 40+ CDFI and MDI banks and creditunions and created impact around its four key themes – economic opportunity, racial equity,environmental sustainability and strengthening of mission oriented financial institutions. TotalAUM as of date are $248 million including $168 million off-balance sheet assets (e.g., NewMarkets Tax Credits (NMTC) deployments). Impact measurement has been foundational toNCIF investing/lending activities with the development of BankImpact.org and the AI-driven dataanalytics platform.
Job SummaryNCIF is entering its next phase and planning for accelerated growth over the next 5 years. Tosupport this, NCIF is seeking a Vice President of Lending and NMTC as part of its growing fundmanagement team to deploy loans and NMTC nationally. Expected loans include leveragedlending to support NMTC, LIHTC and housing and other CRE projects. Impact assets will be inthe form of leveraged loans which NCIF will syndicate to its network of CDFI and MDI banks(more generally, mission oriented financial institutions).
The person is a member of the senior management team with strategic and transactionalresponsibilities.
Key Responsibilities
Relationship Management
Relationship manager for a book of business to originate, underwrite, asset manage
through successful exits. Such loans may utilize NMTC, LIHTC or other governmentprograms in participation with NMTC CDEs, housing lenders and NCIF network partners.
Deploy NCIF NMTC allocations in real estate and business operating loans.
Underwrite and prepare credit memoranda, close and asset-manage from inception to
exit.
Strategic Product Development
Contribute to the development of NCIF Business strategy focused on growth and impact
measurement.
Help develop strategies for new lending products – housing, government guaranteed
loans, greenhouse gas reduction loans.
Capital Raising
Along with executive members of the NCIF team, help raise capital from private and
public sector sources (CDFI Fund programs like NMTC and Financial Assistance). Thisrequires strategic input, data compilation and writing applications in response to RFPs.
External RepresentationRepresent NCIF externally with potential and existing partners, as appropriate.Coach, mentor, and lead a team of analysts and help them develop both technical credit
skills and intangible partnership skills.Contribute to NCIF’s continued efforts to improve systems and processes, credit
standards, and impact measurement and engage in real efforts to make a positivedifference in low-income communities.
Skills and QualificationsTechnical Expertise
o 10+ years of experience in lending, credit risk management and/or capital markets(public finance, debt capital markets, real estate finance); experience working in abank or a nonbank CDFI will be a strong positive;
o Knowledge/experience with New Markets Tax Credits (NMTC), Low Income HousingTax Credits (LIHTC), affordable housing, government programs like CDFI Fundprograms (FA, Bond Guarantee, Capital Magnet Funds, etc.);
o Excellent credit background with a proven ability to assess and mitigate risks;o Experience with syndications and loan participations will be a plus;o Ability to communicate effectively with different stakeholders with various technical
backgrounds;o Desire to create measurable impact from capital deployment.
Sales and Marketing
o Business development and relationship management with a desire to build a book ofbusiness in underserved communities;
o Proven experience to manage relationships from loan origination, structuring, assetmanagement and successful exits
Focus on Economic Development, Leadership and Communicationo Passion for creating positive social, economic, and environment changes through
high-impact lending and motivation to make a difference in low-income communities;o Self-starter with the ability to form strong working relationships both internally and
externally by demonstrating transparency and honesty to build relationships andcollaborate with NCIF Network partners;
o A growth mindset, an excitement about building the business and an entrepreneurialapproach to the ways in which that growth might occur; and,
o Ability to represent NCIF externally as a relationship manager and on conferencepanels.
Application ProcessTo apply, please send your resume, cover letter, and portfolio of relevant work toadministration@ncif.org. Applications without a cover letter and portfolio will not be considered.We look forward to hearing from you.
Equal Opportunity EmployerNCIF is committed to providing equal employment opportunities to all employees andapplicants, regardless of race, color, religion, gender, sexual orientation, national origin, age,disability, or veteran status. We encourage applications from all qualified individuals.
NCIF has a hybrid schedule with part remote/in-office work schedules. Preference will be givento candidates who are residents of Chicago or are willing to relocate.
#J-18808-Ljbffr