What are the responsibilities and job description for the Loan Officer position at Capital For Change, Inc?
C4C is seeking a dedicated and experienced Loan Officer to join our team. This position is responsible for originating and managing a diverse portfolio of loans focused on affordable housing development, energy efficiency lending, and nonprofit community facilities. The ideal candidate will be passionate about community development, possess strong financial analysis skills, and excel at building relationships with developers, nonprofit leaders, and community partners to advance our mission of creating equitable opportunities in underserved communities. This position’s primary responsibilities are to source and underwrite loan requests, and monitor loans to expand C4C’s mission and impact. The Officer’s portfolio will include housing, energy, nonprofit, and possibly business loans. The Loan Officer will work closely with the Lending team to provide technical assistance and excellent customer service.
Specific Responsibilities
Working collaboratively with the lending team members accomplish the following:
- Business Development & Origination: Proactively identify and cultivate a pipeline of high-impact loan opportunities with affordable housing developers and nonprofit organizations. Represent the organization at industry events, community meetings, and conferences to build relationships and source new deals.
- Due Diligence & Risk Assessment: The loan officer will collect financials and data and prepare financial, credit and risk analyses. Additionally, the Loan Officer will conduct thorough financial analysis and risk assessment for loan applications that meet both the borrower's needs and the CDFI's risk tolerance.
- Loan Structuring: Understand how other C4C products, including subsidy funds and energy funds, can be leveraged in loan structuring. Prepare Loan Approval Document (LAD) and Risk Rating in accordance with internal credit and program requirements and present to Loan Committee or other loan approval authority as designated in Loan Policies. Collaborate with Finance Department as needed in matching loans with funding sources.
- Loan Closing: Work collaboratively with borrowers, legal counsel, and internal staff to guide approved loans through the closing process efficiently.
- Portfolio Management: Actively monitor a portfolio of existing loans, ensuring compliance with loan covenants, tracking project progress, and addressing any potential issues. Conduct regular site visits and maintain strong, ongoing relationships with borrowers. Working with internal staff, inspectors, and processing payment requests.
- Community & Partner Engagement: Serve as a knowledgeable resource for community partners on affordable housing and nonprofit finance. Maintain a deep understanding of public subsidy programs (e.g., LIHTC, HOME funds) and other financing tools available in the community development ecosystem.
- Other Activities: Assist as needed with grant applications/reporting and other activities as assigned.
Qualifications and Skills
- Mission Alignment: A genuine passion for and commitment to community development, social justice, and the mission of CDFIs.
- Personal Attributes: Highly organized, self-motivated, and able to manage multiple projects simultaneously in a dynamic environment. Strong interpersonal skills are essential for building trust and rapport with a diverse range of clients and partners. Ability to work independently and to collaborate effectively.
- Education: Bachelor's or higher degree in Finance, Business Administration, Urban Planning, Public Policy, or related field or comparable professional experience.
- Experience: A minimum of 3-5 years of direct experience in non-consumer lending in particular commercial real estate lending, with a strong preference for experience in affordable housing finance, nonprofit facility lending, energy/climate lending, or community development banking. Small business lending experience a plus. Strong computer skills, including proficiency in Microsoft Office and CRM software required.
- Other: Commitment to and skill with clear, detailed, service-oriented written and verbal communication with borrowers and C4C colleagues.
Pay: $90,000.00 - $95,000.00 per year
Benefits:
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Professional development assistance
- Referral program
- Retirement plan
- Vision insurance
- Work from home
Work Location: Hybrid remote in Wallingford, CT 06492
Salary : $90,000 - $95,000