Charitable Advisors LLC
  • 03-Dec-2021 to 20-Dec-2022
  • - Renew Indianapolis
  • Indianapolis, IN, USA
  • $65,000-$70,000
  • Full Time
  • Benefits include PTO, health insurance, 401K + others

Renew Indianapolis (Renew) plays an integral role in supporting comprehensive community development, neighborhood stabilization, and quality of life initiatives through innovative programs that offer financing and development solutions to 1) create and preserve affordable housing, 2) support neighborhood revitalization efforts, and 3) foster small business development.

Position Summary

The Build Fund Loan Portfolio Manager supports the daily lending activities operated by Renew Indianapolis, Inc. (Renew Indy). A successful applicant will help to advance the mission of Renew Indy's CDFIs - providing affordable, flexible, and responsible capital to businesses and to support the creation of affordable, inclusive, and diverse housing opportunities. Applicant's primary focus will be on growing Build Fund lending and technical assistance activities.   

The Build Fund Loan Portfolio Manager coordinates financial transactions with the accounting staff, Director of Lending, and other Renew staff, as needed, to ensure that all transaction entries (payments, advances, new loan advances, general ledger entries, etc.) are accurate, monitored, and balanced. The Build Fund Loan Portfolio Manager supports all lending activities, including but not limited to partner relationship building, client communications, underwriting, file management of hardcopy and electronic files, grant reporting and management, record retention, and risk rating. 

Evaluation of Performance                                                                                                                                 

Performance will be evaluated based on meeting the specific goals, deadlines, and other quality indicators established for this position; working according to all specifications, policies, and standards established by Renew, working effectively in a team environment, and interacting positively with all clients and employees.

Essential Responsibilities and Key Outcomes                                 

  • Supporting all CDFI functions, including providing accurate and timely loan documentation, servicing of loans, and maintaining collateral files; 
  • Closely monitoring loan collateral coverage consistent with CDFI policies and industry standards during underwriting phase, for annual monitoring, and risk rating;
  • Gathering portfolio data necessary to ensure that the CDFI attains industry diversification targets in lending and maintain portfolio risk management goals;
  • Expeditiously complete all activities within applicable regulatory guidelines and per lending policies;
  • Attending training on applicable subjects when available and appropriate;
  • Perform annual risk rating of loan portfolio to gauge healthy loans and those to be put on Watchlist;
  • Compile portfolio data and make reports to regulators, funders, and the Board of Directors;
  • Maintain and prepare documentation to claim funding from grant funders;
  • Analyze applicants' financial status, credit, and property evaluations to determine feasibility of; awarding loans;
  • Calculate, review, and correct errors on amortization schedule, settlement statements, interest, principal, payment, and closing costs;
  • Work with accounting staff for approval of amortization schedules, settlement statements, financial reporting and to verify accuracy of financial or transactional data;
  • Be the first and main point of contact for clients providing guidance on the lending process;
  • Build and maintain relationships with banks, nonprofits and networking organizations to grow the pipeline of loans;
  • Performing other duties as assigned.

Critical skills, knowledge and behaviors

Organizational Values 

  • Embrace and demonstrate the organizational values of transparency, integrity, empathy, inclusion and innovation both internally and externally. 
  • Provide courteous, professional services to clients and present a positive image of Renew Indy. Refrain from criticizing any Renew Indy employee in front of outside entities.

Professional Development and Continued Learning

  • Participate in Renew Indy's professional development opportunities and training programs as required and apply new learnings.

Experience, education, degrees and licenses                                                                                                           

Minimum Qualifications: 

  • Bachelor's degree;
  • Strong analytical and quantitative skills and ability to work independently to a deadline:
  • Ability to work on many programs and projects towards various deadlines;
  • Ability to consistently follow guidelines for file quality;
  • Ability to consistently meet productivity goals;
  • Ability to work collaboratively on team;
  • Ability to work independently without supervision;
  • Strong organization, computer and customer service skills;
  • Strong communications skills including strong writing and presentation skills;
  • Ability to travel to borrower site visits and work evenings and weekends as needed;
  • Proficiency with Word, Excel and PowerPoint.

Desired Qualifications:

  • Relevant experience in commercial lending, underwriting, or the banking industry;
  • Financial modeling;
  • Experience with financial analysis software;
  • Relevant experience in grant writing or grant management;
  • Bilingual Spanish/English.

Physical Demands                                                                                                                                     

Must be able to work proficiently with computers and other office equipment.

Work is primarily in an office environment, both at the Renew Indy office and stakeholder offices.

Must be able to travel to meet potential lenders, City/State leadership, etc.

Americans with Disabilities Act                                                                                                             

Applicants as well as employees who are or become disabled must be able to perform the essential duties and responsibilities either unaided or with reasonable accommodation. The organization shall determine reasonable accommodation on a case-by-case basis in accordance with applicable law.

Equal Employment Opportunity                                                                                                                        

Renew Indy Indianapolis provides equal employment opportunities to all qualified individuals without regard to race, creed, color, religion, national origin, age, sex, marital status, sexual orientation, or non-disqualifying physical or mental disability in accordance with all federal, state, and local regulations.

Click the APPLY button to apply online by Dec 20.

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