Job description

Position Summary- Community Development Loan Officer

As the Community Development Loan Officer, you will be a critical team member contributing to SELF’s commercial lending projects that create more sustainable, affordable housing. The position will oversee two (2) primary loan products: (1) SAGE HOMES program, which provides catalytic capital to minority and novice affordable housing developers; and, (2) SEER, which provides low-cost capital for affordable housing owners to afford efficiency and resiliency retrofits. This is a dynamic role, requiring industry experience, creativity, and drive.

Responsibilities:

• Serve as the primary loan officer for SELF’s commercial lending.
• Originate, underwrite, and analyze loan applications for commercial loans to support community/economic development projects based on criteria established for each program and loan policies within each program.
• Perform due diligence, site inspections, appraisal review, financial statement and pro-forma credit analysis, and credit evaluations of potential borrowers, prepare credit memos and supporting documentation and present loans for review or approval to the Chief Financial Officer and Internal Credit Committee.
• Apply creativity while working within established underwriting criteria to ensure projects maximize social impact and remain financially viable.
• Collaborate with other sources of project capital, such as primary lenders, grantors, and public funds. Work with the primary lender and partner organizations to coordinate the distribution of information needed to underwrite, approve, and close the loan.
• Assist in collection of delinquent borrower accounts.
• Partner with technical assistance providers to deliver training services to prepare potential borrowers for the borrowing process.
• Participate in the workshop, marketing and promotional activities and materials development for SELF. Make workshop presentations and participate in forums which inform the public and special audiences about the opportunities for borrowers offered by the SELF.
• Strengthen current borrower relationships and monitor borrower relationships for borrower needs or difficulties. Increase, extend, modify and restructure loans as needed. Mitigate loan portfolio risk through coordination of post-closing technical assistance, extensions, restructurings and long term work-outs.
• Prepare periodic loan portfolio evaluations including review of recent financial trends and Borrower Financial Statements to provide recommendations for loan changes.
• Meet the organization’s lending goals.

Desired Abilities and Experience:

• 5+ years of experience in commercial/ real estate lending for Multifamily Housing Development.
• Bachelor's degree, ideally in a business-related field: accounting, finance, economics.
• Experience with construction loans and multifamily affordable and workforce housing loans; debt structuring and capital stacking is preferable.
• Experience with proformas; credit analysis, deal structuring, underwriting and due diligence, and loan closings.
• Knowledge of the principles of CRE underwriting and knowledge of financing processes, such as predevelopment, acquisition, construction, bridge and permanent loans.
• Strong verbal and written communication skills. Highly detail-oriented.
• Excel modeling expertise; power point and word proficiency.
• Deep understanding of non-profit and for-profit financing and housing development financial structures.
• Experience with community development financial tools, including but not limited to LIHTC, NMTC, tax-exempt bonds, and federal, state, and city subsidy programs, including HUD programs is desirable.
• Ability to help develop innovative products for a diverse borrower population.
• Ability to take initiative, work independently and manage competing priorities with a modest amount of supervision and direction.

Note: This is primarily a remote role, ideally located in Florida.

Benefits

• Paid Vacation/Sick Leave
• Retirement Savings Match
• Medical, Dental and Vision Benefits
• Competitive Salary Commensurate with Experience
• Performance-Based Bonuses

About SELF: SELF is a non-profit Community Development Financial Institution (CDFI) with a mission to rebuild and empower underserved communities by providing access to affordable and equitable capital to homeowners, landlords, developers, contractors, and small businesses. SELF is the first local Green Bank in the country and a pioneer of climate equity. Founded in Florida, SELF now serves most of the Southeastern United States.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Supplemental pay types:

• Bonus pay

Work Location: Remote

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