CCLF’s Senior Loan/Program Officer markets lending products and technical assistance programs; and originates, underwrites and manages loan requests from community based organizations engaged in community and economic development initiatives.
Serve as a senior commercial lender responsible for marketing, originations, underwriting, management of the approval process, and liaison for closings
Responsible for generating and underwriting loan opportunities that turn into a minimum of $7 million in closed loans annually
Market CCLF’s lending and technical assistance programs
Develop strategic partnerships with municipalities, umbrella agencies, etc.
Provide technical assistance to prospective borrowers regarding economic development projects including residential and commercial real estate, community facilities, and business enterprises
Determine the feasibility of credit requests
Review and analyze third party reports such as appraisals, environmental assessments, surveys, title commitments, and market studies
Coordinate loan closings in collaboration with other team members
Participate in the loan portfolio management process, including routine monitoring, disbursement management and modifications as well as appropriately package loan applications and approvals leading to effectively on-boarding and booking of new loans
Maintain accurate and complete loan files
Participate in the development of new credit products and technical assistance programming
Assist with the general promotion of CCLF among prospective investors
Complete other assignments as required
The primary challenge of this position is too soundly, yet creatively, underwrite a high volume of loan applications from credit and/or capacity challenged customers while simultaneously maintaining full engagement in marketing activities. The secondary challenge is cultivating a new network of relationships in addition to growing the ideal candidates existing book of business among CDCs/CBOs, umbrella agencies, other CDFIs and others that will allow CCLF to expand its social impact throughout Chicago and the region. A tertiary challenge is providing high-touch technical assistance during the origination and underwriting processes with maximum efficiency while maintaining a high level of customer appreciation.
Performance measures include: development of new and management of existing ideal candidate’s book of business with clients and strategic partnerships; maintenance of a high level of customer service (technical assistance provision); sophistication of underwriting; dynamism of marketing activities leading to annual new closed loan volume of a minimum of $7 million and collection/maintenance of social impact data.
The successful candidate will possess the following:
5+ years of previous experience and a proven track record in commercial real estate originating and underwriting including affordable housing, retail, community facilities with some level of small business originating and underwriting that includes working capital and equipment financing
Demonstrate how they have and can continue to generate and close a minimum of $7 million annually in loan volume
Demonstrate superior oral and written communication skills
Demonstrate proven mathematical skills with the ability to perform financial and project analyses
Strong marketing and relationship building skills
Ability and enthusiasm to work successfully with a diverse range of community-based groups
Ability to organize and handle multiple priorities simultaneously
Demonstrated project management and problem-solving abilities
Creativity and strong problem resolution abilities
Deep knowledge of and established relationships with sources of housing and business financing and technical assistance within the community development arena
Keen attention to detail
Ability and enthusiasm to work effectively in a team
High proficiency with the Microsoft Office Suite (specifically with Excel, Word, and Access)
Stark comfort with decision making and risk taking with mitigation
The ideal candidate will possess the above in addition to the following:
Commercial real estate origination and underwriting experience preferred
A desire and proven track record to stimulate and drive new closed loan volume
Existing book of real estate businesses that have a high probability of obtaining financing
Training and experience in Low Income Housing Tax Credit and New Markets Tax Credit transactions
MBA or a Master’s Degree in finance, economics, or urban planning and development preferred
About Chicago Community Loan Fund
The mission of the Chicago Community Loan Fund is to provide flexible, affordable and responsible financing and technical assistance for community stabilization and development efforts and initiatives that benefit low- to moderate-income neighborhoods, families and individuals throughout metropolitan Chicago.