What are the responsibilities and job description for the Loan Program Manager position at Maryland Community Investment Corporation?
About the Maryland Community Investment Corporation
The Maryland Community Investment Corporation (“MCIC”) is a quasi-governmental private corporation established to support New Markets Tax Credit projects throughout Maryland. MCIC works to galvanize investment in Maryland’s underserved communities, fostering equitable access to capital and opportunity.
MCIC is not subject to State hiring or civil service requirements. MCIC employees are not State employees and do not receive State benefits. MCIC is a remote organization; staff work from home four to five days per week with periodic in-person meetings and site visits required.
About the Baltimore Vacants Reinvestment Initiative
Created by Governor Wes Moore via executive order in 2024, the Baltimore Vacants Reinvestment Initiative (“BVRI”) is a cross-sector, intergovernmental effort to stabilize distressed real estate in Baltimore City. BVRI constitutes a $50 million commitment to Baltimore’s disinvested neighborhoods and their people. In partnership with the Maryland Department of Housing and Community Development (“DHCD”), MCIC will operate the lending component of the BVRI initiative. MCIC is recruiting a program manager to coordinate this work as well as other potential lending initiatives that will come out of BVRI activity.
Program Manager Responsibilities
Program Development (15%)
- Support the leadership team in preparing processes and procedures for the BVRI loan program such as building out loan management and customer relationship management software platforms.
Program Administration (75%)
- Collect project information from DHCD staff and borrowers; review submitted materials to ensure completion and eligibility.
- Manage loan closings and servicing, processing construction draws and collecting repayments in a timely manner.
- Track loan performance, collect financial and impact data from borrowers, and maintain electronic records as needed.
- Prepare reports on loan performance for the leadership team and board.
- Flag potential delinquencies and defaults early on and collaborate with borrowers to identify solutions. Connect borrowers to technical assistance; collaborate with the leadership team to structure loan modifications.
Relationship Building (10%)
- Serve as the primary point of contact between MCIC and Baltimore community-based development organizations, maintaining cordial relationships.
- Liaise with State and Local government program staff as needed.
Qualifications and Requirements
MCIC’s ideal applicants have three to five years of experience in community development finance and a familiarity with Baltimore City organizations and institutions. A high school diploma or GED is required; a bachelor’s degree in a related field is ideal. A mission-driven mindset is required. Maryland residence is required.
Benefits and Compensation
The salary range for this position is $75,000 to $90,000, depending on experience and qualifications.
MCIC offers competitive health, dental, and vision benefits and retirement matching contributions. MCIC will institute professional development and tuition reimbursement benefits in 2026.
MCIC staff are at-will employees. Applicants must be eligible to work in the United States.
How to Apply
Interested candidates should submit their resumes to info@mdcommunityinvestment.com. MCIC will begin reviewing resumes immediately in anticipation of a June 30, 2025, start date.
Job Type: Full-time
Pay: $75,000.00 - $90,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- Monday to Friday
People with a criminal record are encouraged to apply
Location:
- Maryland (Required)
Work Location: Remote
Salary : $75,000 - $90,000