Community Development Banking List
12-02-2011, 10:30 AM
Original message from: epdavid@earthlink.net
POSITION ANNOUNCEMENT
Position Title: Vice President of Lending
The Chicago Community Loan Fund (CCLF) provides flexible, affordable
financing and technical assistance to start-up, small and midsize community
based or focused organizations engaged in affordable housing, social service
and economic development initiatives that benefit low- and moderate-income
communities and families throughout metropolitan Chicago. CCLF also
specializes in providing financial and technical assistance to credit and/or
capacity challenged organizations and projects. In addition, CCLF is also a
leading provider of predevelopment/gap finance and lender to affordable
and/or limited equity housing cooperatives.
CCLF is a fast-paced, dynamic, growth-oriented community development
financial institution with an energetic 14-person team that manages over $30
million in total assets. The organization currently closes between 30 and 40
loans per year, primarily in housing, with an average loan size of
approximately $350,000. For more information on CCLF, please explore our
websites at: www.cclfchicago.org <http://www.cclfchicago.org/> ('http://www.cclfchicago.org/>') and
www.greenaffordable.org.
Responsibilities
CCLF seeks a Vice President of Lending to lead and manage the day-to-day
operations of its Community Lending Program, including program
administration, marketing, underwriting, risk management, construction
process management, product development, policy oversight and development
and social impact and compliance reporting. Specifically, CCLF seeks a
seasoned, mission-driven, results-oriented, customer-focused financial
services professional who will:
* Manage all planning and operational aspects of the lending program;
* Market CCLF's lending program (primary spokesperson);
* Supervise other lending program staff (6 FTEs) and several
consultants;
* Coordinate activities of the Loan, Special Assets, Risk Management
and Business Development Committees;
* Develop new loan programs and products, including fee-for-service
contracts;
* Maintain relationships with program/initiative partners;
* Lead risk management efforts, ensure credit policies adherence,
develop and revise credit policies;
* Oversee provision of accurate and timely investor and funder
compliance information to other departments;
* Determine the feasibility of loan applications and prepare written
credit memos, and support staff in doing so;
* Oversee loan applications processing;
* Oversee loan closings, including reviewing loan documents,
appraisals, surveys and environmental reports;
* Oversee construction process management oversight and reporting;
* Oversee loan servicing and preparation of reports on lending
activity and loan performance;
* Oversee maintenance of accurate and complete loan files;
* Assist with the general promotion of CCLF among prospective
investors and funders; and
* Complete other assignments as required.
Nature & Scope of Working Relationships
The Vice President of Lending position requires maintenance of working
relationships with borrower organizations; financial institutions; state and
federal agencies; legal and fiscal advisors; President, Chief Operating
Officer (COO) and other Vice Presidents; the Board of Directors and its
committees; other public/private sector institutions; and peers in the field
of community development. The Vice President of Lending reports to the
President and the COO.
Major Challenges/Performance Measures
The major challenge of this position is to solicit, process and approve
sufficient applications to make loans up to the maximum capability of CCLF.
The major focus is to establish and maintain a track record of fair and
secure financial return to CCLF, as well as substantial benefits to low- and
moderate-income communities in Chicagoland. Performance measures include the
quality of the balance between reasonable risk and maximum targeted
production in CCLF's portfolio (recognizing the final determination of loans
and investments is the responsibility of the Loan Committee/Board of
Directors) and the accuracy and completeness of proposal evaluations and
reports to the Loan, Special Assets, Risk Management and Business
Development Committees and Board of Directors.
Performance measures also include: possessing a depth of knowledge of each
loan/borrower; proactive and timely problem solving and work-out
resolution/loss mitigation; outstanding customer service; aggressive
management of delinquencies; timely and accurate loan disbursement, draw and
reimbursement processes management; timely and accurate portfolio credit and
social impact performance reporting; effective construction process
oversight; maintenance of an accurate and well organized loan management
system and credit files; and effective staff development. The Vice
President of Lending also must make sure that the lending team excels
regarding these measures as well.
Qualifications
The successful candidate will possess the following:
* 10-15 years experience in community development or real estate
lending;
* 10-15 years financial and project analysis experience; financial
structuring experience;
* Working knowledge of the community, economic and affordable housing
development industry, especially key funding sources such as LIHTC, TIF,
NMTC, HRC, bond financing and various public sector subsidy programs;
* 5-10 years experience in marketing lending programs;
* 5-10 years asset or portfolio management experience with a financial
institution;
* 5-10 years experience in designing and negotiating loan workout and
loss mitigation strategies;
* 5-10 years experience in team management, ability to build staff
capacity'
* Strong mathematical skills;
* Strong oral and written communication skills;
* Ability to work successfully with a diverse range of community-based
groups;
* Ability to organize and handle multiple priorities simultaneously,
keen attention to details;
* Demonstrated project management and problem-solving abilities;
* Ability to work effectively in a team work environment;
* Working knowledge of the Metro Chicago area; and
* Valid driver's license.
Minimum educational requirement:
* Bachelor's degree in finance, accounting, urban planning or a
related field. MBA or similar financial services advanced degree desired;
Spanish language is a plus.
Compensation
This is an outstanding opportunity for a highly motivated professional to
assume a pivotal role in the evolution of a fast-paced, deeply committed
organization. We are seeking an individual of outstanding quality with a
respected track record. CCLF is prepared to offer a very attractive
compensation package (commensurate with experience), including 3 weeks
vacation; medical and dental insurance; and retirement (after 1 year)
Application Procedure:
PLEASE SUBMIT RESUMES VIA EMAIL BY December 23, 2011 to
epdavid@earthlink.net <mailto:career@cclfchicago.org>
Attention: David Erickson-Pearson
Erickson-Pearson Search
8008 S. Madison Way
Centennial, CO 80122
303-703-6165
POSITION ANNOUNCEMENT
Position Title: Vice President of Lending
The Chicago Community Loan Fund (CCLF) provides flexible, affordable
financing and technical assistance to start-up, small and midsize community
based or focused organizations engaged in affordable housing, social service
and economic development initiatives that benefit low- and moderate-income
communities and families throughout metropolitan Chicago. CCLF also
specializes in providing financial and technical assistance to credit and/or
capacity challenged organizations and projects. In addition, CCLF is also a
leading provider of predevelopment/gap finance and lender to affordable
and/or limited equity housing cooperatives.
CCLF is a fast-paced, dynamic, growth-oriented community development
financial institution with an energetic 14-person team that manages over $30
million in total assets. The organization currently closes between 30 and 40
loans per year, primarily in housing, with an average loan size of
approximately $350,000. For more information on CCLF, please explore our
websites at: www.cclfchicago.org <http://www.cclfchicago.org/> ('http://www.cclfchicago.org/>') and
www.greenaffordable.org.
Responsibilities
CCLF seeks a Vice President of Lending to lead and manage the day-to-day
operations of its Community Lending Program, including program
administration, marketing, underwriting, risk management, construction
process management, product development, policy oversight and development
and social impact and compliance reporting. Specifically, CCLF seeks a
seasoned, mission-driven, results-oriented, customer-focused financial
services professional who will:
* Manage all planning and operational aspects of the lending program;
* Market CCLF's lending program (primary spokesperson);
* Supervise other lending program staff (6 FTEs) and several
consultants;
* Coordinate activities of the Loan, Special Assets, Risk Management
and Business Development Committees;
* Develop new loan programs and products, including fee-for-service
contracts;
* Maintain relationships with program/initiative partners;
* Lead risk management efforts, ensure credit policies adherence,
develop and revise credit policies;
* Oversee provision of accurate and timely investor and funder
compliance information to other departments;
* Determine the feasibility of loan applications and prepare written
credit memos, and support staff in doing so;
* Oversee loan applications processing;
* Oversee loan closings, including reviewing loan documents,
appraisals, surveys and environmental reports;
* Oversee construction process management oversight and reporting;
* Oversee loan servicing and preparation of reports on lending
activity and loan performance;
* Oversee maintenance of accurate and complete loan files;
* Assist with the general promotion of CCLF among prospective
investors and funders; and
* Complete other assignments as required.
Nature & Scope of Working Relationships
The Vice President of Lending position requires maintenance of working
relationships with borrower organizations; financial institutions; state and
federal agencies; legal and fiscal advisors; President, Chief Operating
Officer (COO) and other Vice Presidents; the Board of Directors and its
committees; other public/private sector institutions; and peers in the field
of community development. The Vice President of Lending reports to the
President and the COO.
Major Challenges/Performance Measures
The major challenge of this position is to solicit, process and approve
sufficient applications to make loans up to the maximum capability of CCLF.
The major focus is to establish and maintain a track record of fair and
secure financial return to CCLF, as well as substantial benefits to low- and
moderate-income communities in Chicagoland. Performance measures include the
quality of the balance between reasonable risk and maximum targeted
production in CCLF's portfolio (recognizing the final determination of loans
and investments is the responsibility of the Loan Committee/Board of
Directors) and the accuracy and completeness of proposal evaluations and
reports to the Loan, Special Assets, Risk Management and Business
Development Committees and Board of Directors.
Performance measures also include: possessing a depth of knowledge of each
loan/borrower; proactive and timely problem solving and work-out
resolution/loss mitigation; outstanding customer service; aggressive
management of delinquencies; timely and accurate loan disbursement, draw and
reimbursement processes management; timely and accurate portfolio credit and
social impact performance reporting; effective construction process
oversight; maintenance of an accurate and well organized loan management
system and credit files; and effective staff development. The Vice
President of Lending also must make sure that the lending team excels
regarding these measures as well.
Qualifications
The successful candidate will possess the following:
* 10-15 years experience in community development or real estate
lending;
* 10-15 years financial and project analysis experience; financial
structuring experience;
* Working knowledge of the community, economic and affordable housing
development industry, especially key funding sources such as LIHTC, TIF,
NMTC, HRC, bond financing and various public sector subsidy programs;
* 5-10 years experience in marketing lending programs;
* 5-10 years asset or portfolio management experience with a financial
institution;
* 5-10 years experience in designing and negotiating loan workout and
loss mitigation strategies;
* 5-10 years experience in team management, ability to build staff
capacity'
* Strong mathematical skills;
* Strong oral and written communication skills;
* Ability to work successfully with a diverse range of community-based
groups;
* Ability to organize and handle multiple priorities simultaneously,
keen attention to details;
* Demonstrated project management and problem-solving abilities;
* Ability to work effectively in a team work environment;
* Working knowledge of the Metro Chicago area; and
* Valid driver's license.
Minimum educational requirement:
* Bachelor's degree in finance, accounting, urban planning or a
related field. MBA or similar financial services advanced degree desired;
Spanish language is a plus.
Compensation
This is an outstanding opportunity for a highly motivated professional to
assume a pivotal role in the evolution of a fast-paced, deeply committed
organization. We are seeking an individual of outstanding quality with a
respected track record. CCLF is prepared to offer a very attractive
compensation package (commensurate with experience), including 3 weeks
vacation; medical and dental insurance; and retirement (after 1 year)
Application Procedure:
PLEASE SUBMIT RESUMES VIA EMAIL BY December 23, 2011 to
epdavid@earthlink.net <mailto:career@cclfchicago.org>
Attention: David Erickson-Pearson
Erickson-Pearson Search
8008 S. Madison Way
Centennial, CO 80122
303-703-6165