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 Senior Loan Program Officer - Chicago, Illinois, United States

   
Job information
Posted by: Chicago Community Loan Fund 
Hiring entity type: Not-for-Profit 
Work authorization: Existing work authorization required for United States
Position type: Direct Hire, Full-Time 
Compensation: ******
Benefits: 401(k) -
Dental Insurance -
Health Insurance -
Life Insurance -
Paid Sick Leave -
Paid Vacation -
SEP Plan 
Relocation: No relocation assistance provided 
Position functions: Banking/Brokerage
Finance
Real Estate / Mortgage
 
Travel: Up to 25% 
Accept candidates: in same country 
Languages: English - Fluent
Spanish - Fluent
 
Minimum education: Bachelor Degree 
Minimum years experience:
Resumes accepted in: English
Cover letter: Cover letter required
Virtual interview questions: 2 questions which require answers when applying for this job posting.
Job code: / Latpro-3770603 
Date posted: Feb-03-2021
State, Zip: Illinois, 60602

Description

CCLF's Senior Loan/Program Officer markets lending products and technical assistance programs while originating, underwriting and managing loan requests from community based organizations engaged in community and economic development initiatives.

Serve as a senior commercial lender responsible for originating, underwriting, and managing the approval process while acting as and the liaison for CCLF's customers through the closings process
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


Requirements

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
Fluent in Spanish preferred
Training and experience in Low Income Housing Tax Credit and New Markets Tax Credit transactions

Minimum educational requirement: Bachelor's degree in finance, business, urban planning, or a related field. Bilingual skills (English/Spanish) preferred. Master's Degree in finance, economics, or urban planning and development preferred.