About the Company:

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Are you ready to join an organization where you can make an extraordinary impact every day? NeighborGood Partners is looking for a Loan Fund Servicer to join our lending team. NeighborGood Partners in Dover, Delaware is an established nonprofit leader working across Delmarva in the fields of affordable housing, community development and lending. With an outstanding history of achievements that spans more than four decades, a diverse staff of 45, and a budget of $6.5 million, we have had a regional economic impact of over $10 billion. Our mission is “Strengthen communities through housing, lending, and education.”

 

About the Position:

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The Lending Manager is primarily responsible for the Loan Fund’s strategic lending program including: business development and loan production, marketing and outreach, design  and implementation of new financial products and services, portfolio management, loan policies and systems, and collaborating with the Loan Fund Director to develop key partnerships and to raise new capital.

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Employment Status: The position will be a full-time employee of NeighborGood Partners, with competitive salary and benefits            

Salary Range: $80,000 - $95,000

 

Supervisor: Loan Fund Director (LFD)

 

Location: The location of this position is flexible and will be based upon the successful applicant’s proximity to NeighborGood Partners’ various offices.  Working remotely is an option depending on circumstances.

 

Application Deadline: October 9, 2024

 

To Apply: Please send your resume along with a persuasive cover letter that illustrates why you are the best-qualified person for this position to jobapplications@neighborgoodpartners.org

 

For More Information: Please visit www.neighborgoodpartners.org/careers

 

Duties and Responsibilities:

 

Strategy

• Design and implement new financing strategies and products to respond to Loan Fund goals, borrower needs, and market changes

• Develop and implement an annual Loan Fund marketing and outreach plan; collaborate with NeighborGood Partners’ Marketing and Communications Specialist to implement that plan

• Assist the LFD with creating the annual business plan for the Loan Fund including lending goals, impact goals, and operational budget; participate in strategic planning as needed

• Assist the LFD with promoting and increasing the Loan Fund profile by developing key external relationships; assist with the Loan Fund’s advocacy and coalition efforts

• Assist the LFD in building and maintaining strong relationships with partners that provide capital and operational support; provide assistance as needed on applications to those partners

 

Lending

• Supervise and support the Loan Officers; develop a capacity-building  plan for those supervised through various professional/leadership development opportunities

• Develop and oversee a business development/project pipeline strategy with the Loan Officers

• Assist Loan Officers with vetting, structuring, and underwriting new loan requests; ensure new loan requests are consistent with Loan Fund policies and goals

• Originate and underwrite new loan requests as needed

• Plan and coordinate the Loan Committee meetings; interact with the Loan Committee Chair as necessary prior to each meeting

• Maintain strong credit quality through annual loan/borrower reviews, regular monitoring of borrower compliance with loan covenants and repayment provisions, reviewing borrower reports, and conducting periodic site visits with Loan Officers

• Mitigate loan portfolio risk through enhanced monitoring, the use of extensions and restructurings, and adjustments to risk ratings and loan loss reserves; develop a strategy for loan work-outs and charge-offs as necessary

• Monitor and report on the Loan Fund’s loan originations and portfolio performance

• Lead the review and updates to policies related to underwriting, portfolio management, and loan servicing

• Other duties and responsibilities as may be required

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Qualifications:

Ideal candidates for this position will share a passion for and commitment to serving the mission of NeighborGood Partners and will bring a variety of experiences and attributes to the organization,       including:

• Empathy and understanding for the low-income people and communities served by the Loan Fund

• Bachelor’s or associate degree

• Minimum of five years of work-related experience with affordable housing/community development finance; experience with New Markets Tax Credits transactions is  a plus

• Minimum of three years in a senior management and supervisory position

• Proven written and verbal communication and networking skills; interact well with the public, media, stakeholders, staff, and volunteers

• Excellent interpersonal and professional skills in handling challenges and job performance

• Self-directed, detail oriented, with the ability to work independently or as a member of a team

• Proficiency in Microsoft Office and Internet applications

 

NeighborGood Partners is an Equal Opportunity Employer. Diversity and inclusion apply to both our workforce and the communities we serve.