Community Development Banking List
02-04-2010, 09:30 AM
Original message from: vmcknight@enterprisecommunity.org
Enterprise Community Loan Fund - Senior Lender Position
Enterprise Community Loan Fund is a certified community development financial institution and a member of the Enterprise family of companies. For over 25 years, Enterprise has raised and invested over $9 billion to help finance more than 240,000 affordable homes in communities across the nation, and is the industry leader in green affordable housing. For more information about Enterprise, please visit our website at www.enterprisecommunity.org <http://www.enterprisecommunity.org/> ('http://www.enterprisecommunity.org/>') .
The Loan Fund has immediate openings for Senior Lender positions in its Los Angeles, CA office and Columbia, MD headquarters. Portfolio responsibilities for these respective positions are the state of California and the mid-Atlantic region.
Reporting to the Chief Lending Officer of Enterprise Community Loan Fund, the Senior Lender is responsible for underwriting loan requests in support of the development of affordable housing and managing a defined portfolio of loans from origination through repayment. The Senior Lender is expected to develop and maintain relationships with community development organizations and other relevant groups for the regions in which he/she works, as well as field representatives of Enterprise. The position requires an experienced professional with strong analytical, financial and relationship management skills.
§ Undergraduate degree required; advanced degree in business, finance or related field preferred.
§ Six (6) years of lending experience, with three (3) years of real estate and/or low income housing tax credit underwriting responsibilities required. Commercial loan underwriting and knowledge of the broader community development field is a plus.
§ Demonstrated experience in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation.
§ Ability to prioritize and manage multiple projects and assignments, meet tight deadlines, coordinate and communicate effectively across all levels of an organization.
§ Strong business development, analytical, communication, and problem solving skills, with working knowledge of spreadsheet programs.
§ Detailed analytical skills with database management and spreadsheet knowledge.
§ Familiarity with federal, state and local housing and community development programs, as well as private resources available for community development.
§ Ability to travel up to 20% of the time.
§ Manage an existing portfolio of loans, including annual site visits, timely review of financial statements, review and approval of disbursement/funding requests, monitoring for covenant compliance and processing modification and extension requests.
§ Originate new loans upon referral, including structuring and negotiating financing
proposals/commitments, and preparing comprehensive written loan packages for review and approval by management or Loan Committee.
§ Review and interpret third party due diligence reports, including appraisals, market
assessments, entitlement/zoning classifications, and environmental reports.
§ Draft commitment letters and coordinate preparation of loan documents with attorneys.
§ Manage the closing process, including collection, review, execution and approval of all closing items.
§ Maintain loan files in audit-ready condition to ensure accuracy and completeness.
§ Work cooperatively with local and regional staff from Enterprise Community Partners and Enterprise Community Investment to coordinate and leverage Enterprise resources (grants, loans and equity) in project development and advancement of the One Enterprise approach.
* Assist with other projects as needed.
Enterprise Community Loan Fund - Senior Lender Position
Enterprise Community Loan Fund is a certified community development financial institution and a member of the Enterprise family of companies. For over 25 years, Enterprise has raised and invested over $9 billion to help finance more than 240,000 affordable homes in communities across the nation, and is the industry leader in green affordable housing. For more information about Enterprise, please visit our website at www.enterprisecommunity.org <http://www.enterprisecommunity.org/> ('http://www.enterprisecommunity.org/>') .
The Loan Fund has immediate openings for Senior Lender positions in its Los Angeles, CA office and Columbia, MD headquarters. Portfolio responsibilities for these respective positions are the state of California and the mid-Atlantic region.
Reporting to the Chief Lending Officer of Enterprise Community Loan Fund, the Senior Lender is responsible for underwriting loan requests in support of the development of affordable housing and managing a defined portfolio of loans from origination through repayment. The Senior Lender is expected to develop and maintain relationships with community development organizations and other relevant groups for the regions in which he/she works, as well as field representatives of Enterprise. The position requires an experienced professional with strong analytical, financial and relationship management skills.
§ Undergraduate degree required; advanced degree in business, finance or related field preferred.
§ Six (6) years of lending experience, with three (3) years of real estate and/or low income housing tax credit underwriting responsibilities required. Commercial loan underwriting and knowledge of the broader community development field is a plus.
§ Demonstrated experience in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation.
§ Ability to prioritize and manage multiple projects and assignments, meet tight deadlines, coordinate and communicate effectively across all levels of an organization.
§ Strong business development, analytical, communication, and problem solving skills, with working knowledge of spreadsheet programs.
§ Detailed analytical skills with database management and spreadsheet knowledge.
§ Familiarity with federal, state and local housing and community development programs, as well as private resources available for community development.
§ Ability to travel up to 20% of the time.
§ Manage an existing portfolio of loans, including annual site visits, timely review of financial statements, review and approval of disbursement/funding requests, monitoring for covenant compliance and processing modification and extension requests.
§ Originate new loans upon referral, including structuring and negotiating financing
proposals/commitments, and preparing comprehensive written loan packages for review and approval by management or Loan Committee.
§ Review and interpret third party due diligence reports, including appraisals, market
assessments, entitlement/zoning classifications, and environmental reports.
§ Draft commitment letters and coordinate preparation of loan documents with attorneys.
§ Manage the closing process, including collection, review, execution and approval of all closing items.
§ Maintain loan files in audit-ready condition to ensure accuracy and completeness.
§ Work cooperatively with local and regional staff from Enterprise Community Partners and Enterprise Community Investment to coordinate and leverage Enterprise resources (grants, loans and equity) in project development and advancement of the One Enterprise approach.
* Assist with other projects as needed.