Credit Officer

About the role

The Credit Officer will manage and support the growing credit needs of the Low Income Investment Fund. Initially functioning as an individual contributor, they will play a key role in designing the structure, workflows, and processes for the Credit and Asset Management team. Within approximately six months, this position will assume direct supervisor responsibilities for assigned team members.

Responsibilities

• Work with Originations and Asset Management staff to provide guidance in support of structuring and underwriting transactions to successfully achieve the stated goal/impact within acceptable risk parameters.
• Work with the Chief Credit Officer, Chief Lending Officer, and other relevant stakeholders to assess and update guidelines and procedures that Originations staff will follow in order to present previews and loan approval requests to Credit, and secure initial and final credit approval for the transactions from the Chief Credit Officer and/or Internal Loan Committee and Lending Risk Committee.
• As needed, work with the nCino Team to update guidelines for Originations and Asset Management staff to adhere to when submitting new loan and modification approval requests through nCino.
• Ensure that all requests submitted for approval are managed pursuant to LIIF’s Loan and Asset Concentration Policy and delegations.
• Manage the flow of credit, including new loan approvals as well as approvals of modifications and extensions to the existing loan portfolio.
• Support all functions related to the execution of Credit responsibilities within the organization, including supervision of the Special Attention Loan portfolio, the annual update to the loan loss reserve qualitative analysis, and management of the Risk Rating Model and the Lending Manual.
• Manage and/or support ongoing and ad hoc Credit and cross-departmental projects supporting the Strategic Plan and the growth of the organization.
• Work with internal stakeholders on initiatives involving the Credit team.

Requirements

• Strong lending/credit skills
• Experience in real estate-based lending, including deal structuring, and risk mitigation
• Experience as a strategic thinker with strong relationship skills
• Organizing and time-management skills
• Experience in underwriting complex affordable housing and/or charter school transactions
• Experience problem solving and supporting transaction structuring in multiple markets
• Proficiency in analyzing financials of nonprofit organizations and real estate operations (in particular, rental housing and community facilities)
• Working experience with both private sector financial institutions and public agencies
• Ability to work with multiple stakeholders including Finance Department, Loan Officers, Executive Team and Board Committees and others on complex modeling and analyses
• Computer aptitude, including knowledge of Microsoft Office Suite Programs, nCino and Salesforce, and ability to work within and support modifications of the systems
• Excellent skills in managing multiple tasks requiring strong attention to detail
• Self-motivation, dedication, and flexibility

Qualifications

• Bachelor’s degree required in a relevant field such as Real Estate, Urban Planning, Business Administration, Finance, or related discipline; advanced degree preferred
• Demonstrated self-motivation, creativity, perseverance, and dedication in a fast-paced, mission-driven environment
• Strong organizational, teamwork, and time management skills with the ability to manage multiple priorities effectively
• Flexibility with scheduling and willingness to take on a demanding yet rewarding role
• Ability and willingness to travel as required

Attributes

• Is a team player, able to create partnerships within the organization
• Is committed to Community Development work
• Has experience structuring transactions for affordable housing, charter school, and community facilities loans and has coached staff doing this work
• Has ability to understand and be credit lead for financial and accounting conventions in cross-team work
• Has familiarity with the New Markets Tax Credit (NMTC) program
• Organized with project management and consultant management skills and experience

Skills Required

• Experience in real estate-based lending, including deal structuring, and risk mitigation
• Experience as a strategic thinker with strong relationship skills
• Strong organizing and time-management skills
• Experience in underwriting complex affordable housing and/or charter school transactions is preferred
• Experience problem solving and supporting transaction structuring in multiple markets
• Proficiency in analyzing financials of nonprofit organizations and real estate operations (in particular, rental housing and community facilities) preferred
• Working experience with both private sector financial institutions and public agencies
• Ability to work with multiple stakeholders including Finance Department, Loan Officers, Executive Team and Board Committees and others on complex modeling and analyses
• Computer aptitude, including knowledge of Microsoft Office Suite Programs, nCino and Salesforce, and ability to work within and support modifications of the systems
• Excellent skills in managing multiple tasks requiring strong attention to detail
• Self-motivation, dedication, and flexibility