National Community Reinvestment Coalition
Director, Lending Operations & CCO - CDFI
National Community Reinvestment Coalition, Washington, District of Columbia, us, 20022
About NCRC
The National Community Reinvestment Coalition is a network of organizations and individuals dedicated to creating a nation that not only promises but delivers opportunities for all Americans to build wealth and live well. We work with community leaders, policymakers and institutions to advance solutions and build the will to solve America's persistent racial and socio-economic wealth, income and opportunity divides, and to make a Just Economy a national priority and a local reality. This vision is the foundation of the Just Economy Pledge.
NCRC's unique mix of research, investigations, investments, media, grant-making, training, advocacy, litigation, lending, convening and facilitation strengthens communities of historic disinvestment, expands economic mobility, holds public and private institutions accountable for their impacts, and informs local and national leaders, policymakers and the private sector.
Established in 2007 and certified by the U.S. Treasury as a Community Development Financial Institution (CDFI) in 2012, NCRC Community Development Fund (NCRC CDF) is a 501(c)3 whose mission is to help bridge the racial wealth divide in America's underserved communities. NCRC CDF is a subsidiary of the National Community Reinvestment Coalition (NCRC).
NCRC CDF invests in affordable housing development and provides access to capital and business support services nationwide. We leverage our cultural competencies in support of small business sustainability and access to affordable housing across the country with an emphasis on Black, Latino, and low-income communities.
Position Overview
Reporting to the Executive Director, NCRC CDF, the Director will be responsible for overseeing the day-to-day lending operations, managing the lending sales team, and ensuring compliance with regulatory requirements. This individual will manage and lead by example all aspects of the lending process from pipeline acquisition, application to final approval and closing, loan servicing, portfolio quality management and collections. The Director will hire and train employees to ensure that they provide adequate client services, follow lending regulations, and meet sales goals. This role requires a strong understanding of the SBA credit policy, lending processes and underwriting. The Director will have an ancillary role as Chief Credit Officer.
Location
This position is based in Washington, DC near McPherson Square Metro as part of a hybrid environment with Tuesdays, Thursdays, and sometimes Wednesdays in the office.
ResponsibilitiesLead generation and new pipeline acquisitionMonitor daily production to ensure that all tasks are completed within prescribed service level agreementsEnsure compliance with SBA regulations, policies and proceduresUnderwrite, close, and fund SBA and commercial loansObtain and maintain required collateral insurance documentationEnsure consistency of UCC filing on lien positionsReceive loan payments and allocate participation payments, as necessaryFunction as the primary contact for SBA loan servicing requests related to loan history, payment applications, payoffs, transfers, stop payments, wires, etc.Weekly review of portfolio performance and updating risk ratings to determine loss loan reserve amountsManaging collection activities to ensure a high level of portfolio performance, and conducting workouts and modifications per the loan and credit policiesSet departmental goals that are measurable in terms of improved productivity, expense control, and operating efficiencyPrepare management reports which communicate the effectiveness of the department in terms of volumes processed, pull-through efficiency, portfolio quality and risk measurementSupport and participate in the planning and execution of the company's annual conference and other key events.Qualifications
5+ years of experience with SBA, commercial lending, credit underwriting, loan servicing, and portfolio managementExperience in the financial industry or community development sectorExperience working with diverse communities and understanding of equity and inclusionBachelor's degree in business, finance, or a related field preferred; or equivalent combination of education and experienceUnderstanding of basic financial principles and credit underwriting processesKnowledge of federal, state, and local regulatory requirementsAbility to maintain confidentialityStrong analytical skills and attention to detailExcellent communication and negotiation skillsAbility to multitask and work under pressure to meet strict deadlinesAbility to work independently and collaboratively with other NCRC departments and business linesDemonstrated proficiency with loan origination software, underwriting and financial spreading software, loan servicing software, SBA systems, third-party due diligence systems for credit, OFAC, as necessary, Microsoft Office (Excel, Outlook)Knowledge, Skills, and Attributes
Communication: Demonstrated ability to communicate effectively both verbally and in writingWriting: Exceptional written skills including ability to write content including articles, white papers, blog posts, social posts and to manage professional correspondence with third partiesOrganization: Adept at creating and implementing systems for organization, both individually and departmentallyInitiative: Demonstrated sense of personal initiative with a willingness to anticipate needs of ED and departmentPrioritization: Ability to be flexible, transition and re-prioritize based on the needs of the day, while maintaining a big picture view
How to Apply
Interested applicants may submit their cover letter and resume online at https://ncrc.org/careers/. No phone calls/emails, please.
NCRC IS AN EQUAL-OPPORTUNITY EMPLOYER.
EEO/AA
M/F/D/V
The National Community Reinvestment Coalition is a network of organizations and individuals dedicated to creating a nation that not only promises but delivers opportunities for all Americans to build wealth and live well. We work with community leaders, policymakers and institutions to advance solutions and build the will to solve America's persistent racial and socio-economic wealth, income and opportunity divides, and to make a Just Economy a national priority and a local reality. This vision is the foundation of the Just Economy Pledge.
NCRC's unique mix of research, investigations, investments, media, grant-making, training, advocacy, litigation, lending, convening and facilitation strengthens communities of historic disinvestment, expands economic mobility, holds public and private institutions accountable for their impacts, and informs local and national leaders, policymakers and the private sector.
Established in 2007 and certified by the U.S. Treasury as a Community Development Financial Institution (CDFI) in 2012, NCRC Community Development Fund (NCRC CDF) is a 501(c)3 whose mission is to help bridge the racial wealth divide in America's underserved communities. NCRC CDF is a subsidiary of the National Community Reinvestment Coalition (NCRC).
NCRC CDF invests in affordable housing development and provides access to capital and business support services nationwide. We leverage our cultural competencies in support of small business sustainability and access to affordable housing across the country with an emphasis on Black, Latino, and low-income communities.
Position Overview
Reporting to the Executive Director, NCRC CDF, the Director will be responsible for overseeing the day-to-day lending operations, managing the lending sales team, and ensuring compliance with regulatory requirements. This individual will manage and lead by example all aspects of the lending process from pipeline acquisition, application to final approval and closing, loan servicing, portfolio quality management and collections. The Director will hire and train employees to ensure that they provide adequate client services, follow lending regulations, and meet sales goals. This role requires a strong understanding of the SBA credit policy, lending processes and underwriting. The Director will have an ancillary role as Chief Credit Officer.
Location
This position is based in Washington, DC near McPherson Square Metro as part of a hybrid environment with Tuesdays, Thursdays, and sometimes Wednesdays in the office.
ResponsibilitiesLead generation and new pipeline acquisitionMonitor daily production to ensure that all tasks are completed within prescribed service level agreementsEnsure compliance with SBA regulations, policies and proceduresUnderwrite, close, and fund SBA and commercial loansObtain and maintain required collateral insurance documentationEnsure consistency of UCC filing on lien positionsReceive loan payments and allocate participation payments, as necessaryFunction as the primary contact for SBA loan servicing requests related to loan history, payment applications, payoffs, transfers, stop payments, wires, etc.Weekly review of portfolio performance and updating risk ratings to determine loss loan reserve amountsManaging collection activities to ensure a high level of portfolio performance, and conducting workouts and modifications per the loan and credit policiesSet departmental goals that are measurable in terms of improved productivity, expense control, and operating efficiencyPrepare management reports which communicate the effectiveness of the department in terms of volumes processed, pull-through efficiency, portfolio quality and risk measurementSupport and participate in the planning and execution of the company's annual conference and other key events.Qualifications
5+ years of experience with SBA, commercial lending, credit underwriting, loan servicing, and portfolio managementExperience in the financial industry or community development sectorExperience working with diverse communities and understanding of equity and inclusionBachelor's degree in business, finance, or a related field preferred; or equivalent combination of education and experienceUnderstanding of basic financial principles and credit underwriting processesKnowledge of federal, state, and local regulatory requirementsAbility to maintain confidentialityStrong analytical skills and attention to detailExcellent communication and negotiation skillsAbility to multitask and work under pressure to meet strict deadlinesAbility to work independently and collaboratively with other NCRC departments and business linesDemonstrated proficiency with loan origination software, underwriting and financial spreading software, loan servicing software, SBA systems, third-party due diligence systems for credit, OFAC, as necessary, Microsoft Office (Excel, Outlook)Knowledge, Skills, and Attributes
Communication: Demonstrated ability to communicate effectively both verbally and in writingWriting: Exceptional written skills including ability to write content including articles, white papers, blog posts, social posts and to manage professional correspondence with third partiesOrganization: Adept at creating and implementing systems for organization, both individually and departmentallyInitiative: Demonstrated sense of personal initiative with a willingness to anticipate needs of ED and departmentPrioritization: Ability to be flexible, transition and re-prioritize based on the needs of the day, while maintaining a big picture view
How to Apply
Interested applicants may submit their cover letter and resume online at https://ncrc.org/careers/. No phone calls/emails, please.
NCRC IS AN EQUAL-OPPORTUNITY EMPLOYER.
EEO/AA
M/F/D/V