National Lending Initiatives Officer
Company: Low Income Investment Fund
Location: San Francisco
Posted on: February 25, 2021
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Job Description:
Reports to: Director, National Lending Initiatives Exempt
Classification: Exempt Status: Regular, Full-Time Location: San
Francisco, CA; Los Angeles, CA; New York, NY; Washington D.C.; or
Atlanta, GA THE COMPANY: The Low Income Investment Fund is a
non-profit community development financial institution, that
mobilizes capital and partners to achieve opportunity, equity and
wellbeing for people and communities. LIIF innovates financial
solutions that center racial equity to create more equitable
outcomes for all by building and preserving affordable homes,
quality educational opportunities from early childhood through
higher education, health clinics, healthy food retail and community
facilities. In this way, LIIF provides a bridge between private
capital markets and communities. LIIF's headquarters is in San
Francisco and has offices in Los Angeles, New York, Atlanta, and
Washington D.C. POSITION SUMMARY: The National Lending Initiatives
Officer (the "Initiatives Officer") is responsible for the
creation, management and deployment of a portfolio of Funds and
other Structured Products which use LIIF's capital in combination
with other financing sources - including conventional bank debt,
CDFI or other mission-aligned financing, philanthropic funds, and
state/federal subsidies - to support the development of affordable
housing and/or or mixeduse facilities. In this role, the
Initiatives Officer will support the management and expansion of
LIIF's national fund business. REPORTING RELATIONSHIPS: The
Initiatives Officer reports to the Director, National Lending
Initiatives (the "Director"), and is part of the Structured
Products team. This position will also work closely with the Vice
President Structured Products & Capital Markets, Chief Credit
Officer as well as regional lending, asset management, legal and
finance teams. As part of the broader Community Initiatives &
Programs team, the Initiatives Officer ultimately works to support
the achievement of regional and overall Lending work plan goals.
MAJOR DUTIES AND RESPONSIBILITIES: Fund Development & Structuring:
LIIF currently leads ten regional and national funds, each of which
leverage a combination of LIIF capital and bank debt, CDFI
financing, philanthropic dollars, or state/federal subsidies. The
Initiatives Officer will work closely with the Director to assess
the viability of new opportunities, structure new Funds, or revamp
existing Funds. Activities include: --- working with external
Lending partners to develop Fund priorities and structure; ---
coordinating with internal Lending staff and legal counsel to
negotiate Fund development process with external parties; ---
creating financial models to determine the Fund's economics; ---
preparing proposals and/or presentations to pitch LIIF as a Fund
Manager and/or raise public or private capital; --- seeking
internal approval for Fund creation and/or amendment; and ---
maintaining standards and processes for Fund operations and
deployment. National Fund Originations Activities: The Initiatives
Officer will serve as the subject matter expert for a portfolio of
Funds that utilize LIIF's capital to leverage bank debt, CDFI or
other mission-aligned financing, philanthropic funds, and/or
state/federal subsidies. As a result, activities may involve
transactions in which LIIF or an external party is the originating
lender. Key Fund originations activities include: --- Pipeline:
Work with LIIF Loan Officers and, as appropriate, other originating
lenders to maintain an ongoing pipeline of potential transactions
for LIIF's national funds, and manage each Fund's selection process
for prioritizing transactions. The Initiatives Officer should also
ensure all pipeline projects meet all eligibility requirements of
each Fund. --- Underwriting Transactions: Collaborate with Regional
Market Directors and Loan Officers to source, underwrite and close
loans that utilize LIIF's national Funds. Responsibilities include:
confirming project eligibility; ensuring loan terms and transaction
structure are compliant with the relevant funding source; and
guiding regional lending teams on specific underwriting
requirements / closing processes. The Initiatives Officer will play
a critical role as LIIF's internal subject matter expert and
external relationship manager for a portfolio of funds and other
structure products that involve Investors, credit enhancement
providers and/or partnering Lenders. Ongoing fund management
responsibilities include: --- Review and closing of program loans
that are originated by partner CDFIs. Process and confirm program
compliance for reservation of funding requests; manage closing of
the Fund portion of the loan. --- Create and maintain internal
resources to guide Loan Officers, Asset Managers and Credit
Associates on the use of each fund, including marketing materials
to be used for external audiences. --- Develop relationships with
all Fund participants and disseminate periodic reporting internally
and externally. --- Work closely with the Director to ensure LIIF
is compliant with the Standards & Processes developed for each
Fund. --- Seek internal and external approval for and process any
Fund modification or extension of origination periods or Fund
maturity dates as necessary. Customer Service: The Initiatives
Officer will maintain a positive and professional relationship with
LIIF's internal associates as well as external customers and
business partners by initiating and responding promptly to any and
all requests in a responsive, consistent, and accurate manner.
Other Duties as Assigned. SKILLS REQUIRED: The ideal candidate for
this position will have these key qualifications: --- Five plus
years of experience in real estate-based lending, including credit
analysis, deal structuring, due diligence, and loan closings
(familiarity with loan documents is assumed). --- Proficiency in
analyzing financials of nonprofit organizations, for profit
developers and real estate operations (in particular, rental
housing and community facilities) --- Familiarity with federal,
state, and local government funding sources for multifamily
housing, special needs housing, and community facilities (e.g.
child care centers, health and educational programs, etc.) ---
Working experience with both private sector financial institutions
and public agencies --- Computer aptitude, including knowledge of
Microsoft Office Suite Programs, and other database software ---
Excellent skills in managing multiple tasks requiring strong
attention to detail --- Strong communication skills ---
Self-motivation, dedication, and flexibility --- Specific
experience in affordable housing finance a plus. EDUCATIONAL AND
OTHER REQUIREMENTS: Educational background should include degree
work in a relevant area of study such as real estate, urban
planning, business administration or finance. A bachelor's degree
is required although an advanced degree is preferred. In addition,
the position requires a high degree of self-motivation, dedication,
creativity, and perseverance; flexibility with time and travel; and
willingness to accept a demanding (and personally satisfying)
position. Excellent teamwork and strong time management skills are
essential. How to Apply: If you are interested in applying to the
Low Income Investment Fund, Please e-mail cover letter and resume
to: Low Income Investment Fund Attn. Human Resources E:
careers@liifund.org No phone calls or other LIIF email addresses
please. Only candidates being considered for a position will be
contacted. LIIF, an EOE (Equal Opportunity Employer), believes that
diversity ensures excellence. All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sexual orientation, gender, or national origin.
Keywords: Low Income Investment Fund, San Francisco , National Lending Initiatives Officer, Other , San Francisco, California
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