Description

About the ELCA 

The ELCA is one of the largest Christian denominations in the United States, with 3 million members in more than 8,700 worshipping communities across the 50 states and in the Caribbean region (Puerto Rico and the U.S. Virgin Islands). With a vision to live in a world experiencing the difference God’s grace and love in Christ makes for all people and creation, the ELCA strives to be a welcoming, thriving, and connected church that introduces people to Jesus so they can discover community, justice, and love.

The Lutheran Center (national office) is located in Chicago, Illinois. A staff of 400, under the leadership of the Presiding Bishop, serve as administrators, advisors, conveners, partners, and resource people for the ELCA and its ministries. Staff lead the work of national, domestic, and global ministries and programs including Lutheran Disaster Response, ELCA World Hunger, Service & Justice, Christian Community and Leadership, and Innovation. We are also home to five of our separately incorporated ministries: The Mission Investment Fund of the ELCA, Women of the ELCA, Lutheran Men in Mission, the ELCA Foundation and the ELCA Federal Credit Union.

About the Mission Investment Fund 

The Mission Investment Fund (MIF), a financial ministry of the Evangelical Lutheran Church in America, supports the establishment and growth of ELCA congregations, synods, and affiliated ministries by providing loans for capital projects for congregations and ministries. To fund these loans, MIF offers a variety of investments to ELCA members, congregations, and ministries.

The ELCA Federal Credit Union (FCU), a financial ministry of the Evangelical Lutheran Church in America, offers financial products and services to ELCA members, pastors, congregations, synods, affiliated ministries, and their employees. The portfolio of products includes low-cost loans, deposit accounts, credit cards, and other financial products, services, and solutions within a not-for-profit, cooperative structure.

Values - MIF's values are rooted in Christian faith, Lutheran traditions, and our identity as a ministry of the ELCA:

About the position
The Director of Lending is responsible for the management of the origination, administration and minimizing losses of the Mission Investment Fund loan portfolio that aligns with the overall vision, mission, goal and objectives. Collaborate with the Vice President of Lending in executing the direction of the lending department, including the planning, overseeing lending operations, implementation of new products, programs, and strategic initiative.

This is a full-time, regular, exempt, Chicago-based hybrid position. This position has responsibilities that will require being in the office on a weekly basis.  Candidates for this position must reside within the fifty United States or the District of Columbia and be authorized to work lawfully in the United States. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. Responsibilities 

1. Manage and supervise all aspects of commercial loan portfolios, including oversight of monthly reports, collateral, insurance and collections. Overview existing loans to ensure compliance with the terms of the loans, ensure that collateral requirements are met and ensure that timely repayment is made. Analyze the financial background data for large potential customers. Approve loans, modifications and extensions within lending limits and recommend approval or denial of loans outside limits
2. Manage and supervise the overall lending credit risk exposure/profile. Responsible for managing the Allowance for Loan (now called CECIL) and Real Estate Losses (ALL) analysis with documentation and making recommendations to the Accounting Department for quarterly provision allocations. Manage real estate owned by MIF.
3. Manage the underwriting and closing teams to ensure the maximum level of service. Coach, motivate and evaluate lending staff. 
4. Directs the policies and procedures of the loan department. Ensure employees are adequately trained to follow established policies and procedures and are provided the appropriate tools to complete their duties as assigned.
5. Collaborate across teams within MIF and external missional partners fulfilling the vision and mission of MIF and its partners.
6. Manage real estate properties purchased for new start congregations and deeds in lieu of foreclosed properties which are transferred to the congregation or sold on the open market.
7. Represent the Mission Investment Fund at various Churchwide functions, sharing the vision and mission. Effectively cross sell products offered by MIF. 
8. Other duties as assigned.

Supervisory Responsibilities 

• Loan Closing Manager
• Loan Underwriting Manager
• Loan Special Assets Manager
• Loan Underwriting Analyst 

Requirements

1. Minimum of 7 years commercial lending experience working with nonprofits in the capacity of a senior loan officer or similar position with a lending institution.
2. Professional, well-developed interpersonal skills essential for managing the loan department. Presenting to both internal, external and potential customer and projecting a positive image.
3. Experience leading in a team environment.
4. Excellent written and verbal communication with the use of tactfulness with customers and other professionals. Strong research and analytical skills to communicate solutions to groups and teams. 
5. 4 years Supervisory and Leadership

Required or preferred education, certifications, or licenses:

Bachelor’s degree required. Master’s degree preferred.

Travel: 

Some Travel: up to 10% - approximately 5 weeks

Type of Travel: ? Overnight ? Domestic ?International ?Plane ?Car ?Valid Driver’s License Required

Physical Effort: 

While performing the duties of this job, the employee is regularly required to talk and hear, use hands and fingers to operate a computer and telephone. This position requires sitting for long periods of time. Reasonable accommodations can be made to enable individuals with disabilities to perform the essential functions.

Salary: 

Commensurate with qualifications and experience. Minimum: $119,000 

Benefits: 

MIF offers a competitive benefits package for eligible employees, including employer paid health premiums for employees, health and dependent care FSA’s, a health savings account (HSA) with an employer contribution, life insurance, and a substantial employer contribution to 403b retirement plan (no match required). We also offer a generous paid time-off policy including paid holidays. All benefits commence on your start date.