Senior Director, Underwriting – Loan Administration

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November 20

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Local Initiatives Support Corporation (LISC)

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Non-profit • Social Impact • Real Estate

Local Initiatives Support Corporation (LISC) is a non-profit organization dedicated to enhancing communities by connecting local groups in the United States with capital and technical expertise. LISC provides flexible lending products to support underserved borrowers and aims to uplift communities through investments in affordable housing, economic development, health, education, and green development. It also emphasizes the importance of building resilient and inclusive communities, partnering with corporations, foundations, and individual donors to bring about these changes. LISC is involved in a variety of program areas including child care, small business support, safety and justice, and sports and recreation, highlighting a comprehensive, community-driven approach to development and capacity building.

201 - 500 employees

Founded 1979

🤝 Non-profit

🌍 Social Impact

🏠 Real Estate

📋 Description

• Manage the credit approval process • Develop and implement credit policies and procedures • Oversee risk assessment for the loan portfolio • Establish credit risk appetite and tolerance levels • Monitor market trends and adjust credit strategy accordingly • Provide strategic input on new Fund development and lending initiatives • Collaborate with originations team to structure complex deals • Run credit committee meetings • Review and initially approve complex loan applications before credit committee • Oversee underwriting and closing process for real estate and small business loans • Lead credit analysis and underwriting activities for complex transactions • Review loan portfolio performance and quality with Asset Management team • Develop and implement loan structure strategies • Conduct periodic portfolio reviews and stress tests • Oversee loan closing processes and procedures • Implement systems to improve efficiency and reduce closing times • Standardize documentation and reporting requirements • Maintain quality control standards for loan documentation • Drive continuous improvement in underwriting and closing processes • Manage and mentor team members • Oversee training and professional development programs • Conduct performance evaluations and set team goals • Collaborate with other departments to ensure smooth operations • Represent the credit department in executive meetings

🎯 Requirements

• Bachelor's degree in Finance, Economics, Business, or related field from an accredited college or university; MBA or similar advanced degree preferred • Minimum ten (10) years of non-consumer lending experience, with at least eight (8) years in a leadership role, preferable in banking/finance or community development • Extensive knowledge of real estate investment and small business lending, including familiarity with loans in the $1-10M range, and preferably in affordable housing • Demonstrated commitment to and passion for community development and social impact finance • Expert in credit risk assessment and mitigation strategies • Strong leadership skills with experience managing and mentoring a team of 6 professionals • Advanced underwriting and financial analysis skills, including proficiency in evaluating income statements, balance sheets, and impact metrics • Excellent communication and relationship-building skills, particularly in working with diverse stakeholders including borrowers, investors, and community partners • Substantial experience in managing loan defaults, restructurings, and work-outs in community development contexts • Familiarity with tax credit incentive programs such as Historic Tax Credits (HTC), Low-Income Housing Tax Credits (LIHTC), or New Markets Tax Credits (NMTC) • Proficiency in portfolio management software and data analytics tools

🏖️ Benefits

• Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being; • Disability Insurance: Long-term and short-term coverage for peace of mind; • Retirement Savings: Secure your future with our 401(k) and 403(b) plans; • Generous Holidays: Enjoy ample time off to recharge and celebrate; • Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance; • Tuition Assistance: Pursue your educational goals with support from our tuition assistance program; • Referral Program: Earn rewards for referring qualified candidates to join our team; • Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals.