dhoughtaling at hotmail.c
04-29-2002, 06:02 PM
POSITION ANNOUNCEMENT
CHICAGO COMMUNITY LOAN FUND, Chicago, IL
Position Title: PORTFOLIO ASSOCIATE
The Chicago Community Loan Fund (CCLF) is a dynamic, not-for-profit social
investment intermediary providing a bridge between socially concerned
investors and community development projects in low- and moderate-income
neighborhoods of metropolitan Chicago. Through the provision of credit and
technical assistance, CCLF works closely with community development
corporations and other community-based organizations on housing and economic
development projects conceived to improve the quality of life in
disadvantaged neighborhoods.
Responsibilities
CCLF seeks a full-time Portfolio Associate to oversee loan monitoring,
servicing, and reporting. Specifically, CCLF seeks a candidate who would:
Monitor CCLF’s loan portfolio, including maintenance of credit files;
Collect and analyze compliance materials, including financial statements,
from borrowers;
Conduct site inspections;
Coordinate technical assistance to non-compliant and at-risk accounts;
Work with loan officers, borrowers and attorneys to complete loan closings;
Work with senior staff in negotiating loan modifications, workouts and
restructures;
Assist in the processing and monitoring of disbursements and draw requests;
Maintain various loan portfolio databases to ensure data integrity;
Assist in the preparation of accurate and timely portfolio reports for
management, board and institutional investors;
Assist various staff with technical assistance to applicants and other
non-borrower clients; and
Complete other assignments as required.
Nature & Scope of Working Relationships
The Portfolio Associate is primarily responsible for loan monitoring,
servicing and reporting. The position requires maintenance of working
relationships with borrower organizations; investors; local, state and
federal agencies; legal and fiscal advisors; the Board of Directors and its
committees; Executive Director; and other public/private sector institutions
and peers in the field of community development. The Portfolio Associate
reports to the Portfolio Manager.
Major Challenges/Performance Measures
The major challenges of this position are to ensure the: timely collection
of borrower payments; ongoing monitoring of borrower conditions and
compliance; provision of high quality and appropriate technical assistance
to non-compliant and at risk accounts; expedient closing of loans; and
production of accurate and timely portfolio reports. Performance measures
include: achievement of annual closing goal; outstanding customer service to
borrowers; a high level of loan payments and solid reporting on health of
borrowers; and assistance to non-compliant accounts to ensure success of
borrower projects.
Qualifications
The successful candidate will possess the following: a demonstrated
commitment to neighborhood redevelopment and/or poverty alleviation/social
justice; ability to perform financial and program analysis; the ability to
work successfully with a diverse range of community-based groups; strong
oral and written communication skills; an attention to details; a
proficiency with Microsoft Access database software; the ability to organize
and handle multiple priorities simultaneously; demonstrated project
management and problem-solving abilities; and an ability to work effectively
in a team work environment.
Minimum educational requirement: Bachelors degree in business management,
business administration, economics, urban planning or a related field.
Bilingual skills (English/Spanish) are preferred but not required.
Compensation
Salary is commensurate with experience.
Benefits: 3 weeks vacation; medical and dental insurance; and retirement
Application Procedure:
PLEASE SUBMIT COVER LETTER, RESUME & SALARY HISTORY TO:
Debra J. Houghtaling, Portfolio Manager
Chicago Community Loan Fund
29 East Madison Street, Suite 1700
Chicago, Illinois 60602
dhoughtaling@cclfchicago.org
(No Calls Please)
DEADLINE: Wednesday, May 22, 2002
The Chicago Community Loan Fund is an equal opportunity employer.
__________________________________________________ _______________
Join the world’s largest e-mail service with MSN Hotmail.
http://www.hotmail.com
This post transferred from the cdb-l mailing list
CHICAGO COMMUNITY LOAN FUND, Chicago, IL
Position Title: PORTFOLIO ASSOCIATE
The Chicago Community Loan Fund (CCLF) is a dynamic, not-for-profit social
investment intermediary providing a bridge between socially concerned
investors and community development projects in low- and moderate-income
neighborhoods of metropolitan Chicago. Through the provision of credit and
technical assistance, CCLF works closely with community development
corporations and other community-based organizations on housing and economic
development projects conceived to improve the quality of life in
disadvantaged neighborhoods.
Responsibilities
CCLF seeks a full-time Portfolio Associate to oversee loan monitoring,
servicing, and reporting. Specifically, CCLF seeks a candidate who would:
Monitor CCLF’s loan portfolio, including maintenance of credit files;
Collect and analyze compliance materials, including financial statements,
from borrowers;
Conduct site inspections;
Coordinate technical assistance to non-compliant and at-risk accounts;
Work with loan officers, borrowers and attorneys to complete loan closings;
Work with senior staff in negotiating loan modifications, workouts and
restructures;
Assist in the processing and monitoring of disbursements and draw requests;
Maintain various loan portfolio databases to ensure data integrity;
Assist in the preparation of accurate and timely portfolio reports for
management, board and institutional investors;
Assist various staff with technical assistance to applicants and other
non-borrower clients; and
Complete other assignments as required.
Nature & Scope of Working Relationships
The Portfolio Associate is primarily responsible for loan monitoring,
servicing and reporting. The position requires maintenance of working
relationships with borrower organizations; investors; local, state and
federal agencies; legal and fiscal advisors; the Board of Directors and its
committees; Executive Director; and other public/private sector institutions
and peers in the field of community development. The Portfolio Associate
reports to the Portfolio Manager.
Major Challenges/Performance Measures
The major challenges of this position are to ensure the: timely collection
of borrower payments; ongoing monitoring of borrower conditions and
compliance; provision of high quality and appropriate technical assistance
to non-compliant and at risk accounts; expedient closing of loans; and
production of accurate and timely portfolio reports. Performance measures
include: achievement of annual closing goal; outstanding customer service to
borrowers; a high level of loan payments and solid reporting on health of
borrowers; and assistance to non-compliant accounts to ensure success of
borrower projects.
Qualifications
The successful candidate will possess the following: a demonstrated
commitment to neighborhood redevelopment and/or poverty alleviation/social
justice; ability to perform financial and program analysis; the ability to
work successfully with a diverse range of community-based groups; strong
oral and written communication skills; an attention to details; a
proficiency with Microsoft Access database software; the ability to organize
and handle multiple priorities simultaneously; demonstrated project
management and problem-solving abilities; and an ability to work effectively
in a team work environment.
Minimum educational requirement: Bachelors degree in business management,
business administration, economics, urban planning or a related field.
Bilingual skills (English/Spanish) are preferred but not required.
Compensation
Salary is commensurate with experience.
Benefits: 3 weeks vacation; medical and dental insurance; and retirement
Application Procedure:
PLEASE SUBMIT COVER LETTER, RESUME & SALARY HISTORY TO:
Debra J. Houghtaling, Portfolio Manager
Chicago Community Loan Fund
29 East Madison Street, Suite 1700
Chicago, Illinois 60602
dhoughtaling@cclfchicago.org
(No Calls Please)
DEADLINE: Wednesday, May 22, 2002
The Chicago Community Loan Fund is an equal opportunity employer.
__________________________________________________ _______________
Join the world’s largest e-mail service with MSN Hotmail.
http://www.hotmail.com
This post transferred from the cdb-l mailing list