wlmmyers
09-30-2004, 02:54 PM
Boston Community Loan Fund
Director of Lending
Boston Community Loan Fund is seeking a Director of Lending to oversee and
expand its community development lending activities. The position offers
the opportunity to be part of a dynamic and successful organization that is
expanding capital market access for low income communities. The Director
of Lending will participate in setting the direction of the organization as
well as having hands-on responsibility for a community development loan
portfolio. The position also offers the chance to participate in the
development of the community development financial institutions (CDFI)
industry.
Primary responsibilities include:
· Developing and maintaining a loan portfolio, including identifying
potential new customers, underwriting and originating loans, overseeing
loan closings, and negotiating with other lenders and public agencies
· Developing innovative financing structures and products to serve
low income communities
· Supervising loan department
· Overseeing development of loan policies appropriate for community
development and non-conforming lending
· Managing and developing relationships with lending partners and
loan participants
· Representing Boston Community Capital in public and to internal and
external stakeholders
Qualifications
Boston Community Capital is seeking a person with the energy,
commitment and creativity to lead the expansion of its lending activity and
to participate in the growth of the organization.
Candidates should possess extensive lending experience and be familiar with
community development or non-conventional finance. The successful
candidate should also have experience with: (1) supervisory responsibility;
(2) development and review of lending and credit policies; (3) creation of
innovative financing structures; and (4) secondary market activities. An
undergraduate college degree is required and a graduate degree or
professional training in finance, banking, community development or a
related field is preferred. Candidates must have demonstrated excellent
communication, writing and computer skills.
Senior Loan Officer
Boston Community Loan Fund presently has an open position for a Senior Loan
Officer. The Senior Loan Officer’s responsibilities will include business
development as well as managing an existing portfolio of loans. BCLF’s
extensive referral network and broad relationships in the community
development field support lenders in their marketing efforts.
Primary responsibilities include:
· Identifying potential new customers, and originating loans to
those prospective borrowers
· Underwriting of loan transactions
· Preparing approval memoranda and other information for the BCLF
Loan Committee
· Overseeing loan closings, including reviewing loan documents and
negotiating with other lenders and public agencies
· Providing technical assistance to borrowers
· Relationship and portfolio management for an active portfolio of
predevelopment, acquisition, construction, bridge, and permanent mortgage loans
· Public representation of Boston Community Capital to external
stakeholders
In addition to the above, the Senior Loan Officer occasionally will be
involved in new product development, investor development and fundraising,
organizational policy and planning, and national CDFI activities and
trainings. Depending on circumstances and experience, the Senior Loan
Officer may have additional program and staff management responsibilities
Qualifications
Candidates should possess, at minimum, an undergraduate college
degree. The successful candidate will have 5 or more years of experience
in community development finance including most or all of the following:
(1) lending experience, preferably in the field of development finance; (2)
work experience or familiarity with community development or affordable
housing; and (3) strong communication, writing and computer
skills. Program management and supervisory experience would be valuable.
Candidates are also encouraged to (1) demonstrate their commitment to the
mission and social goals of Boston Community Capital through their
professional or voluntary activities, and (2) demonstrate their interest in
working with a team of dedicated community development professionals.
About Boston Community Capital
Boston Community Capital (BCC) is a nationally recognized community
development financial intermediary (CDFI) whose mission is to create and
preserve healthy communities where low-income people live and work. BCC
currently manages over $80 million, primarily operating through two
affiliates: Boston Community Loan Fund and Boston Community Venture
Fund. Since it was founded in 1985, Boston Community Capital has lent $110
million to low-income communities and committed over $13 million in equity
investments in businesses that serve low-income people. BCC raises
investments from individuals, religious organizations, banks, foundations
and corporations. Investors include Fleet Bank, Harvard University, Calvert
Social Investment Fund, Brown Brothers Harriman, Metropolitan Life
Insurance Company, Fidelity Management Trust Company and Mellon Bank. BCC
is a member of the National Community Capital Association and an active
participant in national CDFI industry initiatives.
About Boston Community Loan Fund
Boston Community Loan Fund (BCLF) provides a wide range of loans to
non-profits, community organizations and, in selected cases, inner city
private developers for projects that provide housing, community facilities,
and social services for low-income people and neighborhoods. BCLF lends
throughout Massachusetts and Rhode Island and expects to originate $36
million in loans during 2004. BCLF also manages over $20 million loan
participation programs for third party lenders and investors. Over the
next five years, BCLF is on a plan to significantly expand its lending
products and volume. During the past 19 years, BCLF's loans have financed
more than 4500 units of affordable housing, strengthened more than 200
community organizations, supported day care and schools for 1100 students,
and created more than 440,000 square feet of renovated inner city
commercial space. BCLF's loan losses have been less than one quarter of
one percent of its total lending.
Compensation and Benefits
BCC offers competitive salaries based on experience and skills, as well as
an attractive benefits package including family health and dental coverage,
flexible spending accounts, long term disability insurance, life insurance
and a 401(k) retirement plan with employer match.
Position Availability and Application Process
This position is currently open, and will be filled as soon as
possible. Candidates should respond in writing to:
DeWitt Jones, President
Boston Community Loan Fund
56 Warren Street
Boston, MA 02119
Phone: (617) 427-8600, ext 209
Fax: (617) 427-9300
Email: jobs@bostoncommunitycapital.org
Equal Opportunity Employment Information
Boston Community Capital is an equal opportunity employer. BCC does not
discriminate in hiring or employment practices on the basis of race, color,
religion, gender, age, sexual orientation, marital or familial status,
national origin, ancestry, non-job related disability, or status as a
veteran. Women and minority applicants are encouraged to apply.
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Director of Lending
Boston Community Loan Fund is seeking a Director of Lending to oversee and
expand its community development lending activities. The position offers
the opportunity to be part of a dynamic and successful organization that is
expanding capital market access for low income communities. The Director
of Lending will participate in setting the direction of the organization as
well as having hands-on responsibility for a community development loan
portfolio. The position also offers the chance to participate in the
development of the community development financial institutions (CDFI)
industry.
Primary responsibilities include:
· Developing and maintaining a loan portfolio, including identifying
potential new customers, underwriting and originating loans, overseeing
loan closings, and negotiating with other lenders and public agencies
· Developing innovative financing structures and products to serve
low income communities
· Supervising loan department
· Overseeing development of loan policies appropriate for community
development and non-conforming lending
· Managing and developing relationships with lending partners and
loan participants
· Representing Boston Community Capital in public and to internal and
external stakeholders
Qualifications
Boston Community Capital is seeking a person with the energy,
commitment and creativity to lead the expansion of its lending activity and
to participate in the growth of the organization.
Candidates should possess extensive lending experience and be familiar with
community development or non-conventional finance. The successful
candidate should also have experience with: (1) supervisory responsibility;
(2) development and review of lending and credit policies; (3) creation of
innovative financing structures; and (4) secondary market activities. An
undergraduate college degree is required and a graduate degree or
professional training in finance, banking, community development or a
related field is preferred. Candidates must have demonstrated excellent
communication, writing and computer skills.
Senior Loan Officer
Boston Community Loan Fund presently has an open position for a Senior Loan
Officer. The Senior Loan Officer’s responsibilities will include business
development as well as managing an existing portfolio of loans. BCLF’s
extensive referral network and broad relationships in the community
development field support lenders in their marketing efforts.
Primary responsibilities include:
· Identifying potential new customers, and originating loans to
those prospective borrowers
· Underwriting of loan transactions
· Preparing approval memoranda and other information for the BCLF
Loan Committee
· Overseeing loan closings, including reviewing loan documents and
negotiating with other lenders and public agencies
· Providing technical assistance to borrowers
· Relationship and portfolio management for an active portfolio of
predevelopment, acquisition, construction, bridge, and permanent mortgage loans
· Public representation of Boston Community Capital to external
stakeholders
In addition to the above, the Senior Loan Officer occasionally will be
involved in new product development, investor development and fundraising,
organizational policy and planning, and national CDFI activities and
trainings. Depending on circumstances and experience, the Senior Loan
Officer may have additional program and staff management responsibilities
Qualifications
Candidates should possess, at minimum, an undergraduate college
degree. The successful candidate will have 5 or more years of experience
in community development finance including most or all of the following:
(1) lending experience, preferably in the field of development finance; (2)
work experience or familiarity with community development or affordable
housing; and (3) strong communication, writing and computer
skills. Program management and supervisory experience would be valuable.
Candidates are also encouraged to (1) demonstrate their commitment to the
mission and social goals of Boston Community Capital through their
professional or voluntary activities, and (2) demonstrate their interest in
working with a team of dedicated community development professionals.
About Boston Community Capital
Boston Community Capital (BCC) is a nationally recognized community
development financial intermediary (CDFI) whose mission is to create and
preserve healthy communities where low-income people live and work. BCC
currently manages over $80 million, primarily operating through two
affiliates: Boston Community Loan Fund and Boston Community Venture
Fund. Since it was founded in 1985, Boston Community Capital has lent $110
million to low-income communities and committed over $13 million in equity
investments in businesses that serve low-income people. BCC raises
investments from individuals, religious organizations, banks, foundations
and corporations. Investors include Fleet Bank, Harvard University, Calvert
Social Investment Fund, Brown Brothers Harriman, Metropolitan Life
Insurance Company, Fidelity Management Trust Company and Mellon Bank. BCC
is a member of the National Community Capital Association and an active
participant in national CDFI industry initiatives.
About Boston Community Loan Fund
Boston Community Loan Fund (BCLF) provides a wide range of loans to
non-profits, community organizations and, in selected cases, inner city
private developers for projects that provide housing, community facilities,
and social services for low-income people and neighborhoods. BCLF lends
throughout Massachusetts and Rhode Island and expects to originate $36
million in loans during 2004. BCLF also manages over $20 million loan
participation programs for third party lenders and investors. Over the
next five years, BCLF is on a plan to significantly expand its lending
products and volume. During the past 19 years, BCLF's loans have financed
more than 4500 units of affordable housing, strengthened more than 200
community organizations, supported day care and schools for 1100 students,
and created more than 440,000 square feet of renovated inner city
commercial space. BCLF's loan losses have been less than one quarter of
one percent of its total lending.
Compensation and Benefits
BCC offers competitive salaries based on experience and skills, as well as
an attractive benefits package including family health and dental coverage,
flexible spending accounts, long term disability insurance, life insurance
and a 401(k) retirement plan with employer match.
Position Availability and Application Process
This position is currently open, and will be filled as soon as
possible. Candidates should respond in writing to:
DeWitt Jones, President
Boston Community Loan Fund
56 Warren Street
Boston, MA 02119
Phone: (617) 427-8600, ext 209
Fax: (617) 427-9300
Email: jobs@bostoncommunitycapital.org
Equal Opportunity Employment Information
Boston Community Capital is an equal opportunity employer. BCC does not
discriminate in hiring or employment practices on the basis of race, color,
religion, gender, age, sexual orientation, marital or familial status,
national origin, ancestry, non-job related disability, or status as a
veteran. Women and minority applicants are encouraged to apply.
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