Senior Loan Officer, Financial Services

Application Closing Date: 
Monday, March 1, 2021
Nonprofit Finance Fund
1528 Walnut Street
Suite 310
Philadelphia, PA 19102

The COVID crisis and the uprising for racial justice have shone national light on both the urgent work required to build a more just and vibrant society for all Americans and the potential for positive action when our communities mobilize. We have also celebrated the “heroes”, who primarily work in nonprofits delivering essential services like affordable housing, social justice advocacy, health, youth development, to the arts. Yet these nonprofits continue to rely on a flawed, inequitable funding system that often impedes their ability to make a difference. Nonprofit Finance Fund is setting out to change that. We are a nonprofit lender, consultant, and advocate with 40 years of experience committed to reforming the nonprofit funding system. We know that financial knowledge and access to appropriate lending products are power for nonprofit leaders. We are now evolving our strategy to focus on helping to shift funding and financing practices so more money flows equitably and with less restriction to community-centered organizations led by and/or serving people of color.

Position Summary:

The Financial Services business unit is seeking to hire a Senior Loan Officer. The Senior Loan Officer will play a central role in the growth and expansion of NFF’s financing business nationally and serve as NFF’s charter school market leader. They will structure, underwrite, and close loans and New Markets Tax Credit (NMTC) transactions, working closely with other members of the Financial Services team to ensure NFF is deploying needed capital in a timely and expeditious manner. Primary responsibilities include: identifying viable opportunities, proposing appropriate structures and issuing term sheets, managing the collection and analysis of client and project due diligence; analyzing financial spreads; underwriting working and real estate loans, including NMTC allocation and leverage loans; preparing documents for approval; presenting proposals to credit committees; and assisting with closings. The Senior Loan Officer will partner internally to support meeting budgeted goals, contribute to process improvements, develop networks, maintain knowledge of the charter school sector, and help ensure NFF’s financing is aligned with its mission and strategy.

Qualified candidates will bring substantial experience, knowledge, and relationships in the charter school sector. Candidates will be energized by our strategy and have experience supporting community-centered nonprofits led by and serving people of color. The Senior Loan Officer will be a strong communicator and relationship builder with the ability to forge deep community relationships and supporting organizations as projects and financings move forward.

This position can be based out of any one of NFF’s office locations which are in Boston, Los Angeles, New York, Oakland, and Philadelphia. Though we are currently working remotely and will not require attendance in any office until 2021 at the earliest.

The Senior Loan Officer will report to the Director, Underwriting.

Primary Duties and Responsibilities:
Loan and NMTC Originations

Engage with clients, actively seeking to understand customers’ circumstances, expectations, and needs, and developing financing solutions to meet those needs.
Participate in business development activities, including early-stage client visits, meetings with lending partners, and conversations and attendance at external events.
Serve as NFF’s charter school market leader, focused on building a pipeline of viable loan and NMTC investment opportunities.
Prepare triage memos for internal discussion, and issue term sheets to prospective clients.
Collect and manage due diligence, underwrite, and structure transactions within appropriate and relevant credit policy guidelines and in a timely manner. Work with borrowers through all stages of the financing process.
Prepare and present proposals to credit committees for approval.
Manage closings, including drafting commitment letters and reviewing closing diligence and legal documents for consistency with key business terms.
Client and Partner Relationship Management

Support borrowers as transactions move through intake, underwriting, and closing, serving as a primary point of contact.
Maintain strong relationships with current and future borrowers, NMTC consultants, and other financing partners.
Charter School Market Leader

Oversee the deployment of NFF’s Department of Education charter school credit enhancement award.
Develop, maintain, and share knowledge of the charter school sector by attending conferences and maintaining relationships with key stakeholders, among other ways.
Develop and use knowledge of clients and markets to identify evolving trends and risks in NFF’s core geographies (NYC, LA, Bay Area, Philadelphia, Memphis) as well as in new expansion areas.
Identify market gaps and opportunities for NFF to increase community impact and meet financial goals.

Essential Requirements for Education and/or Experience:

Bachelor’s degree or equivalent experience required.
A minimum of 7-10 years of professional experience primarily in commercial credit or real estate financing, including a minimum of 2 years structuring and closing New Markets Tax Credit investments.
Substantial knowledge of and interest in charter schools.
Excellent analytical skills, including the ability to identify and assess risk and analyze and understand financial statements.
Strong interpersonal and communication skills, both written and verbal.
Demonstrated ability to build, manage, and deepen client relationships.
Ability to relate to diverse constituencies.
Keen attention to detail.
Solutions-based mindset and approach.
An entrepreneurial work ethic, including openness to learning new skills and systems and the ability to take initiative for independent learning and quickly develop a deep knowledge of a particular market or area.
Ability to exhibit calm under pressure.
Demonstrated ability to take on increased responsibility over time.
Ability and willingness to travel to work with staff and meet with applicants, borrowers, and stakeholders.
Strong time management, multi-tasking, and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
Results-oriented individual with the ability to work independently, as well as collaborate with a close-knit group.

Specialized Knowledge/Beneficial Skills and Experience:

Market knowledge and relationships in one or more of NFF’s core lending markets (NYC, LA, Bay Area, Philadelphia, Memphis).
Experience in NFF’s core sectors other than charter schools (community health centers, human services, homelessness, and supportive housing).
Project management experience overseeing budgets, goals, staff, and clients.

Application Information: 
Apply directly here: https://nonprofitfinancefund.applytojob.com/apply/um1so1ZSPI/Operations-Associate-Philadelphia-PA?source=Novogradac