David Leviticus
02-22-2007, 04:30 PM
cid:509563921@22022007-1BDA<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Position Available
*
LOAN OFFICER
*
Leviticus Alternative Fund, a community development financial institution serving New York, New Jersey, and Connecticut, is seeking a Loan Officer.** The Fund provides loans to community based organizations for the development of affordable housing and community facilities.
*
<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />JOB SUMMARY: Originate, underwrite and process loan applications from eligible borrowers for real estate and economic development initiatives; manage the portfolio of current loans.**
*
RESPONSIBILITIES:
*
Origination:
–******* Develop and maintain a marketing and borrower outreach plan for Leviticus;
–******* Market Leviticus Fund loan products to community development organizations through personal contact, mailings, conference presentations, and other forms of outreach;
–******* Initiate and develop potential borrower relationships;
–******* Follow-up on inquiries to the Fund;
–******* Prepare and update as needed all outreach and communications materials for all lending programs;
–******* Maintain database of inquiries and potential borrowers.
*
Underwriting:
–******* Interview and screen potential loan applicants;
–******* Review and perform due diligence on the organizational, financial and project data provided by loan applicants;
–******* Analyze data to determine the applicant’s capacity to assume and repay debt;
–******* Prepare and present credit memo and recommendations for review by Leviticus Loan Committee;
–******* Close and document loans in consultation with appropriate staff members and legal counsel.
*
Portfolio Management:
–******* Maintain accurate files of current loans;
–******* Follow-up with borrowers who have not submitted required reports or whose reports demonstrate signs of weakness or deterioration;
–******* Conduct a periodic review of all loans including site visits where appropriate;
–******* Develop work-out strategies with borrowers who become delinquent or default on payment;
–******* Prepare materials for Portfolio Review Committee meetings;
–******* Track social impact indicators for all loans, maintaining the impact database and preparing reports for management as required.*
*
Other responsibilities:
–******* Provide technical assistance to borrowers;
–******* Work with the lending staff on special projects as required;
–******* Write articles on borrower projects for Leviticus promotional pieces as required;
–******* Generally contribute to the overall mission of Leviticus and to the growth and advancement of the Fund.*
*
REQUIREMENTS: Candidates must have a Bachelor’s degree, relevant Master’s degree preferred, strong computer skills and strong oral and written communication skills.* Experience or knowledge in the following areas preferred:
–******* Commercial lending experience;
–******* Real estate development experience;
–******* Underwriting experience;
–******* Finance or accounting experience;
–******* Knowledge of community-based organizations and community development funding resources.
*
PERSONAL QUALITIES: * A high degree of self-motivation, initiative, dedication and a commitment to the community development mission of the Leviticus Fund.
*
POSITION LOGISTICS: Full-time position available immediately.* Work performed at Leviticus Fund office, 33 West Main Street, Room 205, Elmsford, NY.* Driver’s license and automobile required for field work, expenses reimbursed.*
*
SALARY: *Based on experience. Benefits package available.
*
APPLICATION PROCEDURE: Resumes will be accepted at the Leviticus Fund office until the position is filled.* Mail, fax or e-mail resume to:
*
*********** Leviticus Alternative Fund
*********** 33 West Main Street, Room 205
*********** Elmsford, NY 10523
*********** (914) 606-9006 (fax)
*********** info@leviticusfund.org
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Position Available
*
LOAN OFFICER
*
Leviticus Alternative Fund, a community development financial institution serving New York, New Jersey, and Connecticut, is seeking a Loan Officer.** The Fund provides loans to community based organizations for the development of affordable housing and community facilities.
*
<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />JOB SUMMARY: Originate, underwrite and process loan applications from eligible borrowers for real estate and economic development initiatives; manage the portfolio of current loans.**
*
RESPONSIBILITIES:
*
Origination:
–******* Develop and maintain a marketing and borrower outreach plan for Leviticus;
–******* Market Leviticus Fund loan products to community development organizations through personal contact, mailings, conference presentations, and other forms of outreach;
–******* Initiate and develop potential borrower relationships;
–******* Follow-up on inquiries to the Fund;
–******* Prepare and update as needed all outreach and communications materials for all lending programs;
–******* Maintain database of inquiries and potential borrowers.
*
Underwriting:
–******* Interview and screen potential loan applicants;
–******* Review and perform due diligence on the organizational, financial and project data provided by loan applicants;
–******* Analyze data to determine the applicant’s capacity to assume and repay debt;
–******* Prepare and present credit memo and recommendations for review by Leviticus Loan Committee;
–******* Close and document loans in consultation with appropriate staff members and legal counsel.
*
Portfolio Management:
–******* Maintain accurate files of current loans;
–******* Follow-up with borrowers who have not submitted required reports or whose reports demonstrate signs of weakness or deterioration;
–******* Conduct a periodic review of all loans including site visits where appropriate;
–******* Develop work-out strategies with borrowers who become delinquent or default on payment;
–******* Prepare materials for Portfolio Review Committee meetings;
–******* Track social impact indicators for all loans, maintaining the impact database and preparing reports for management as required.*
*
Other responsibilities:
–******* Provide technical assistance to borrowers;
–******* Work with the lending staff on special projects as required;
–******* Write articles on borrower projects for Leviticus promotional pieces as required;
–******* Generally contribute to the overall mission of Leviticus and to the growth and advancement of the Fund.*
*
REQUIREMENTS: Candidates must have a Bachelor’s degree, relevant Master’s degree preferred, strong computer skills and strong oral and written communication skills.* Experience or knowledge in the following areas preferred:
–******* Commercial lending experience;
–******* Real estate development experience;
–******* Underwriting experience;
–******* Finance or accounting experience;
–******* Knowledge of community-based organizations and community development funding resources.
*
PERSONAL QUALITIES: * A high degree of self-motivation, initiative, dedication and a commitment to the community development mission of the Leviticus Fund.
*
POSITION LOGISTICS: Full-time position available immediately.* Work performed at Leviticus Fund office, 33 West Main Street, Room 205, Elmsford, NY.* Driver’s license and automobile required for field work, expenses reimbursed.*
*
SALARY: *Based on experience. Benefits package available.
*
APPLICATION PROCEDURE: Resumes will be accepted at the Leviticus Fund office until the position is filled.* Mail, fax or e-mail resume to:
*
*********** Leviticus Alternative Fund
*********** 33 West Main Street, Room 205
*********** Elmsford, NY 10523
*********** (914) 606-9006 (fax)
*********** info@leviticusfund.org
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