Loan Officer

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Loan Officer
Position Description
February, 2018

 


Overview of the Leviticus Fund:
The mission of the Leviticus Fund is founded on the biblical verse of Leviticus 25:23 and its call for justice in the stewardship of economic resources. The Fund supports transformative solutions to serve low-income and vulnerable people by combining flexible capital from social impact investors and contributors with knowledge-sharing to create sustainable and affordable communities.
Leviticus carries out its work by providing predevelopment, acquisition, construction, bridge, mini-perm and multi-project loan facilities, along with technical assistance, primarily to nonprofit organizations working in New York, New Jersey, Connecticut and several surrounding states.
Our borrowers create and preserve affordable housing, including housing with supportive services for those with special needs; child care and early learning centers; community health centers; charter public schools; nonprofit office and program delivery space; and projects providing access to healthy food in underserved areas. All projects we support aim to improve communities and the lives of their low-income residents.
Position Summary:
Leviticus has an opening for a new, full time Loan Officer position. The Loan Officer will have a variety of responsibilities, including business development, lending program/product development, initial loan feasibility assessment, and loan underwriting. The Loan Officer will work closely with the Executive Director and Senior Loan Officer and play a key role in growing Leviticus's community development finance work.
The position will be focused on serving communities in the New York metropolitan area, particularly the Hudson Valley, New York City, Long Island, and eastern Connecticut cities. The position requires a willingness to travel and develop a deep knowledge of underserved communities in the region.
The ideal candidate will have a demonstrated interest in assisting disadvantaged communities and low-income people, and the skills to build new relationships and communicate effectively and enthusiastically about the value Leviticus adds to community development projects.


Reports to: Executive Director
Status: Full-Time


Responsibilities:
The Loan Officer will:
Business and Program Development
 Develop Leviticus’ presence in New York metropolitan areas with the goal of understanding local needs and developing new relationships and collaborating with local nonprofit community development organizations, local housing agencies, and other community stakeholders to address these needs; and regularly participate in community and local planning meetings.
 Research, identify, develop, and secure new lending opportunities to achieve lending goals throughout Leviticus’ geographic footprint, including maintaining communication with existing borrowers, managing relationships with existing borrowers and developing relationships with potential borrowers.
 Consistently provide technical assistance to nonprofit and for-profit organizations serving low-income communities, including connecting them with external resources that might help them address local needs.
 Utilize knowledge of market changes and local strategies and solutions across Leviticus’ footprint to identify regional trends, and innovate ways to support low income communities with new products or services.
Underwriting and Relationship Management
 Respond to loan inquiries; explore loan feasibility and structure.
 Underwrite financing requests in a timely manner and within lending guidelines, and work with borrowers through all stages of the financing process.
 Present proposals to the Loan Committee and support the drafting of commitment letters and loan documents.
 Assist in loan portfolio monitoring, and underwrite loan amendments and loan workouts when needed.
 Engage actively with nonprofit partners, seeking to understand their circumstances, challenges, expectations and needs, and suggesting financing solutions to meet those needs.
 Develop and maintain knowledge of key sectors by attending conferences, actively networking with nonprofit partners and other Community Development Financial Institutions (CDFIs).
 Adhere to a strong culture of clear, detailed, service-oriented communication with organizations we are assisting or who are interested in our assistance, as well as to all Leviticus staff, board and committee members, lending partners, and individuals.
Qualifications/Skills/Attributes:
 Bachelor's degree required; Master's degree in business, finance, public administration, or related field preferred.
 A minimum of 5 years' experience in community development real estate finance, including lending and underwriting, demonstrating a good knowledge of community development financial institutions and community development lending practices.
 Strong knowledge of loan structuring, underwriting, lending laws and regulations, including solid financial analysis skills and familiarity with nonprofit accounting and housing and community facility subsidy programs.
 Consistent proactivity in identifying, researching, reaching out to, and cultivating relationships with nonprofit organizations that might need Leviticus’ assistance.
 Demonstrated success in building, managing, and deepening individual and organizational relationships, and strong interpersonal and communication skills, both written and verbal.
 Sound time management and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
 Results-oriented with the ability to independently track and carry out responsibilities, and independently meet deadlines (once job duties are understood and mastered).
 Outstanding attention to detail and the ability to work on and complete multiple tasks.
 An openness to learning new skills and systems, a desire to develop new program approaches in response to poverty issues, and a proactive approach to building his/her skill-sets.
 Ability to creatively see connections between new or expanded lending and program needs within communities and linking those to new lending ideas and potential new funding sources for Leviticus.
 Positive and personable nature with strong emotional intelligence, effective external communication skills and cooperative attitude.
 Broad, active curiosity with strong interest in ongoing learning about community development, including CDFIs and the roles they play.
 Flexibility, creativity, enthusiasm and a good sense of humor.
 Ability and willingness to travel within the New York City metropolitan region.
 Ability and enthusiasm to work well in a small environment, with Leviticus staff and meet with applicants, borrowers, and stakeholders.
 Comfort with Leviticus’ faith-based origin and membership, which animates our work.
The Leviticus Fund is an Equal Opportunity Employer and offers a competitive salary and good benefits. Leviticus is committed to building a culturally diverse staff and strongly encourages applications from female and minority candidates. Travel is required but will primarily be local in nature, mostly in the New York metropolitan area. Applicants must have a valid driver’s license.
Position Availability and Location
The position is available immediately, and is based in Leviticus’ Tarrytown, NY office, though flexibility may be considered for the right candidate.
How to Apply:
Please email a resume and cover letter (in MS Word format), outlining how your skills and experience meet the qualifications of the position and stating how you heard about this opportunity, no later than February 28, 2018.

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