Community Loan Fund Director

Job Description | Community Loan Fund Director

This position is classified as Exempt, Full-Time, and reports to the Deputy Director.

CASA of Oregon’s office is located in Sherwood, OR.

This position is a Grade 14 with a starting salary range of $108,140 – $135,175

POSITION OVERVIEW

As a certified Community Development Financial Institution (CDFI), CASA operates a loan fund of approximately $18 million and generates a limited number of large real estate loans each year. The Community Loan Fund Director is responsible for overseeing program needs and requirements, including operations and activities related to management of lending capital, management of loan portfolio, lending production, product development, and risk-assessment. Responsibilities also include creating and managing relationships with funders, investors, partners, legislators, borrowers and others pertinent to the lending and affordable housing industries. The role requires a dutiful respect for compliance; a cooperative and collaborative work style; strong analytical, problem-solving and presentation skills; and the ability to lead, supervise, and support staff.

PRIMARY DUTIES and RESPONSIBILITIES

• Secures and maintains adequate capital for loan fund through grant writing, investment solicitation and application preparation / submission.
• Identifies programmatic and product opportunities and develops loan products and services that promote organizational objectives and meet the needs of the clients and communities served.
• Establishes and monitors loan portfolio performance metrics to support quality control, efficient processing, and customer satisfaction.
• Develops, recommends, implements, and manages systems, controls, policies and procedures appropriate for products offered to improve and maintain risk identification and mitigation.
• Manages composition of loan fund portfolio to ensure proper balance of capital structure and fund allocation and communicates concerns to executive leadership and / or loan committee.
• Sets guidelines and policy relating to the accurate and timely servicing of the organization’s loan portfolio including the production of loan documentation, proper funding and closing processes, and coordination with finance department to ensure proper onboarding of loan into software systems.
• Assists the Loan Fund Manager with underwriting / structuring loan requests, recommendations and presentations to loan committee, and Board of Directors when necessary, for approval process.
• Collects and maintains key performance data for grant and investment reporting, as well as organizational impact reporting.
• Provides oversight, approval, and management of predevelopment and construction loan disbursements.
• Prepares annual department plan and budget for review by executive leadership.
• Manages, supervises and develops department staff, providing appropriate training and direction of work activities and regular performance evaluations.
• Works with and responds to national and local funders on funding program requirements.
• Engages in advocacy for affordable financing as a tool to create opportunities for low-income populations.
• Prepares annual program plan and department budget utilizing existing loan pool, capital funding projections, outstanding commitments, project proposals, and general needs of the department for consideration.
• Other duties as assigned.

QUALIFICATIONS

Education / Experience : Bachelor’s Degree in related field and 3-4 years of real estate lending / finance experience, which includes duties that demonstrate well-developed analytical and problem solving skills and strong relationship management experience. Experience working in a nonprofit and in multifamily affordable housing is preferred.

NOTE : A combination of education / training / work experience demonstrating general qualifications for the position may be accepted in lieu of degree requirement.

ADDITIONAL REQUIREMENTS

WORK ENVIRONMENT

Work is in an indoor, office setting. Will occasionally require meeting at or visiting project sites in various settings throughout the state. This position requires occasional travel both in state and to trainings and / or conferences out of state, which may include day, evening and weekend work. CASA’s work culture is inclusive, equitable, and collaborative. CASA makes transparent and shared decisions, and cultivates staff through professional development. CASA encourages and supports staff involvement in both internal and external committee work during regular work time. Internal committees include : Equity Committee, Health, Safety & Wellness Committee, and Fun Committee.

Physical and Sensory Capability Requirements

The following capabilities are required in order to perform the essential functions of this position. Reasonable accommodations that do not create an undue burden on the company are available to address the following requirements :

CASA is an equal opportunity employer. All applicants will be considered for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin and veteran or (dis)ability status. CASA of Oregon also complies with federal and state (dis)ability laws and makes reasonable accommodations for applicants and employees with (dis)abilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and / or to receive other benefits and privileges of employment, please contact Christina Rentas at christina@motusrecruiting.com.

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Salary : $108,140 - $135,175