hinkled at dvcrf.com
04-27-1999, 03:56 PM
POSITION ANNOUNCEMENT
MANAGER – LOAN ADMINISTRATION
The Reinvestment Fund
The Reinvestment Fund is a 14 year-old regional community development
financial institution that uses capital and technical expertise to build
wealth and create economic opportunity for low wealth communities and
low and moderate income individuals. The Fund accomplishes its mission
through its financial support of affordable housing development,
community facilities, small businesses, and workforce development
programs. The Fund serves the Philadelphia, eastern Pennsylvania,
central and southern New Jersey, and northern Delaware regions.
During its history the Fund has originated more than $110 million in
loans and investments. The Fund currently manages more than $60 million
in assets: a $38 million loan fund, a $15 million bank partnership, and
a $10 million venture capital fund. During the next five years, the Fund
will grow into a $130 million institution.
The Fund’s financial programs are supported by more than 800 individual
and institutional investors who support the mission of the organization
and the business discipline that the Fund brings to its work.
Position Description
The Loan Administration Group is responsible for loan processing,
recording, and monitoring and portfolio management for The Reinvestment
Fund’s loan and investing programs. In addition, the group assists loan
officers with loan servicing, closing and other administrative
activities; handles records management, maintains numerous lending
databases, and tracks customer statistics.
The Manager -- Loan Administration will lead this group of five
individuals. In addition to leading and directing the staff and
managing all aspects of loan administration operations, the Manager will
also serve as The Reinvestment Fund’s internal compliance contact and
will interface with the external auditors during their annual review of
loan files. This position reports to the Chief Financial Officer.
Key responsibilities include the following:
Loan Processing and Recording
? Develop, monitor, and improve internal processes and procedures to
ensure:
? FICS loan servicing system remains current for transaction entries
? Customers receive accurate and timely billings
? Customers receive accurate and timely loan disbursements
? Customers receive prompt responses to billing and other inquiries
? Ensure that the organization utilizes the FICS software’s full
functionality
Loan Officer Support
? Ensure loan officers receive adequate and timely support including:
? Loan monitoring and servicing activities
? Loan closings
? Loan file maintenance
? Preparation of various reports
? Database maintenance
? General administrative support
? Train and provide guidance to loan officers on using the FICS loan
servicing software
Loan Administration Operations
? Cross train staff to ensure all functions are adequately covered
during both planned and unplanned absences. When necessary, step-in
and handle day-to-day operations and transactions.
? Develop and implement necessary processes and procedures to prepare
required reports and meet other regulatory requirements of the SBA,
sustainable development, and other new lending and investing programs.
? Lead, motivate and develop staff.
? Develop and monitor annual loan administration budget.
Compliance
? Loan files – Review new and renewed loan files to ensure all
necessary documents, loan ratings, approvals, and disclosure/approval of
policy exceptions are present. Work with loan officers to cure any
deficiencies.
? Serve as primary contact for external auditors during annual review
and examination of loan files and supporting documentation.
Portfolio Analysis
? Prepare monthly capitalization reports.
? Review delinquency reports and ensure proper action is taken.
? Present and review monthly capitalization and delinquency reports to
the loan review committees.
? Prepare and present semi-annual portfolio statistics to the loan
review committees.
? Prepare and present portfolio statistics annually to Finance
Committee.
? Work with Policy and Program Assessment Department to ensure accurate
loan information is included in various social impact and other
databases.
External Environment
? Act as primary contact for other CDFI’s requesting information/advice
on loan administration issues, including software selection.
Qualifications and Required Skills
The successful candidate will have:
? a minimum of ten years related experience
? strong organizational and decision making skills
? strong written and verbal communications skills
? strong time management skills and the ability to manage competing
priorities
? the ability to act independently with minimal supervision
? in-depth knowledge of Microsoft Word, Excel, and PowerPoint
Applicant Information
Interested applicants should send a resume with a letter of interest
including salary requirements no later than May 31, 1999 to:
Kevin J. Cavanaugh, CFO
The Reinvestment Fund
718 Arch St. * Suite 300 North
Philadelphia, Pa. 19106-1591
Compensation
The salary range for the position is $35,000 to $50,000 depending on
experience and qualifications. The Reinvestment Fund offers a very
competitive benefits program, including employer-paid health and
disability insurance and matching contributions to a 401(k) plan.
Equal Opportunity Employment Information
The Reinvestment Fund is an equal opportunity employer. The Fund 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.
This post transferred from the cdb-l mailing list
MANAGER – LOAN ADMINISTRATION
The Reinvestment Fund
The Reinvestment Fund is a 14 year-old regional community development
financial institution that uses capital and technical expertise to build
wealth and create economic opportunity for low wealth communities and
low and moderate income individuals. The Fund accomplishes its mission
through its financial support of affordable housing development,
community facilities, small businesses, and workforce development
programs. The Fund serves the Philadelphia, eastern Pennsylvania,
central and southern New Jersey, and northern Delaware regions.
During its history the Fund has originated more than $110 million in
loans and investments. The Fund currently manages more than $60 million
in assets: a $38 million loan fund, a $15 million bank partnership, and
a $10 million venture capital fund. During the next five years, the Fund
will grow into a $130 million institution.
The Fund’s financial programs are supported by more than 800 individual
and institutional investors who support the mission of the organization
and the business discipline that the Fund brings to its work.
Position Description
The Loan Administration Group is responsible for loan processing,
recording, and monitoring and portfolio management for The Reinvestment
Fund’s loan and investing programs. In addition, the group assists loan
officers with loan servicing, closing and other administrative
activities; handles records management, maintains numerous lending
databases, and tracks customer statistics.
The Manager -- Loan Administration will lead this group of five
individuals. In addition to leading and directing the staff and
managing all aspects of loan administration operations, the Manager will
also serve as The Reinvestment Fund’s internal compliance contact and
will interface with the external auditors during their annual review of
loan files. This position reports to the Chief Financial Officer.
Key responsibilities include the following:
Loan Processing and Recording
? Develop, monitor, and improve internal processes and procedures to
ensure:
? FICS loan servicing system remains current for transaction entries
? Customers receive accurate and timely billings
? Customers receive accurate and timely loan disbursements
? Customers receive prompt responses to billing and other inquiries
? Ensure that the organization utilizes the FICS software’s full
functionality
Loan Officer Support
? Ensure loan officers receive adequate and timely support including:
? Loan monitoring and servicing activities
? Loan closings
? Loan file maintenance
? Preparation of various reports
? Database maintenance
? General administrative support
? Train and provide guidance to loan officers on using the FICS loan
servicing software
Loan Administration Operations
? Cross train staff to ensure all functions are adequately covered
during both planned and unplanned absences. When necessary, step-in
and handle day-to-day operations and transactions.
? Develop and implement necessary processes and procedures to prepare
required reports and meet other regulatory requirements of the SBA,
sustainable development, and other new lending and investing programs.
? Lead, motivate and develop staff.
? Develop and monitor annual loan administration budget.
Compliance
? Loan files – Review new and renewed loan files to ensure all
necessary documents, loan ratings, approvals, and disclosure/approval of
policy exceptions are present. Work with loan officers to cure any
deficiencies.
? Serve as primary contact for external auditors during annual review
and examination of loan files and supporting documentation.
Portfolio Analysis
? Prepare monthly capitalization reports.
? Review delinquency reports and ensure proper action is taken.
? Present and review monthly capitalization and delinquency reports to
the loan review committees.
? Prepare and present semi-annual portfolio statistics to the loan
review committees.
? Prepare and present portfolio statistics annually to Finance
Committee.
? Work with Policy and Program Assessment Department to ensure accurate
loan information is included in various social impact and other
databases.
External Environment
? Act as primary contact for other CDFI’s requesting information/advice
on loan administration issues, including software selection.
Qualifications and Required Skills
The successful candidate will have:
? a minimum of ten years related experience
? strong organizational and decision making skills
? strong written and verbal communications skills
? strong time management skills and the ability to manage competing
priorities
? the ability to act independently with minimal supervision
? in-depth knowledge of Microsoft Word, Excel, and PowerPoint
Applicant Information
Interested applicants should send a resume with a letter of interest
including salary requirements no later than May 31, 1999 to:
Kevin J. Cavanaugh, CFO
The Reinvestment Fund
718 Arch St. * Suite 300 North
Philadelphia, Pa. 19106-1591
Compensation
The salary range for the position is $35,000 to $50,000 depending on
experience and qualifications. The Reinvestment Fund offers a very
competitive benefits program, including employer-paid health and
disability insurance and matching contributions to a 401(k) plan.
Equal Opportunity Employment Information
The Reinvestment Fund is an equal opportunity employer. The Fund 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.
This post transferred from the cdb-l mailing list