Community Loan Fund Director
Sherwood, Oregon - Added Jul 20th, 2023
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Community Loan Fund Director
Casa of Oregon
Job Location: in office at Casa of Oregon in Sherwood, Oregon
Compensation: $104,700 - $115,000
Motus Recruiting and Staffing is proud to partner with Casa of Oregon in its executive search for a Community Loan Fund Director.
ABOUT CASA OF OREGON:
CASA of Oregon (CASA) began its work more than 35 years ago by supporting local organizations that provide housing for farmworkers and other populations who have been marginalized in primarily rural areas throughout the state. Today, we enhance economic and housing security for Oregonians in need by working in four key areas:
Manufactured Housing Cooperative Development Center (MHCDC) – We develop and support manufactured-home community resident-cooperatives through organizing, training, and technical assistance. We also support the negotiation and oversight of the purchase and financing.
Real Estate Development (RED) – We partner with local community organizations and nonprofit housing sponsors to increase the stock of—and improve existing—affordable rental housing and community facilities. We serve as a developer, consultant, and technical assistance provider.
Family Economic Opportunity (FEO) – We partner with local agencies to administer Individual Development Accounts (IDAs), which enable individuals and households with limited financial resources to save and build assets at an accelerated pace through a match savings program.
Community Loan Fund (CLF) – We provide financing to support the development and preservation of affordable housing and community facilities. Loans provided include predevelopment, construction, bridge, and secondary permanent financing.
To learn more about Casa of Oregon, visit our website: https://casaoforegon.org/
COMMITMENT TO EQUITY, DIVERSITY, AND INCLUSION AT CASA OF OREGON:
As advocates, consultants, organizers, and agents for change, at CASA, we believe that racial equity, diversity, and inclusion should manifest at all levels of our programs. Through collaboration, we aim to build hope, homes, and financial health to both heal and strengthen our communities throughout the state of Oregon.
OVERVIEW OF THE COMMUNITY LOAN FUND DIRECTOR:
As a certified Community Development Financial Institution (CDFI), CASA operates a loan fund of approximately $20 million and generates a limited number of large real estate loans each year. The Community Loan Fund Director will oversee program needs and requirements, including operations and activities related to management of lending capital, management of loan portfolio, lending production, product development, risk-assessment, underwriting, processing, and monitoring performance of loans. The Director will be Responsible for creating and managing relationships with funders, investors, partners, legislators, borrowers, and others pertinent to the lending and affordable housing industries.
ESSENTIAL RESPONSIBILITIES FOR THE COMMUNITY LOAN FUND DIRECTOR:
PREFERRED SKILLS AND KNOWLEDGE OF THE COMMUNITY LOAN FUND DIRECTOR:
Experience and Commitment:
Financial Analysis Skills:
Leadership and Collaboration:
Communication Skills:
Technical Skills:
About Motus Recruiting and Staffing, Inc.
Founded in 2006, Motus is an award-winning recruiting and staffing firm in the Pacific Northwest, specializing in professional services and technology solutions. We are a group of people who not only recognize the importance of representation, but actively fight for diversity, equity, and inclusion in the recruitment process. Our goal is to educate organizations on the importance of DEI when hiring, promoting, and supporting diverse employees. We are calling organizations to demonstrate their commitment to DEI by being intentional about whom they hire.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability, or protected veteran status.
Community Loan Fund Director
Casa of Oregon
Job Location: in office at Sherwood, Oregon
Compensation: $104,700 - $115,000
Motus Recruiting and Staffing is proud to partner with Casa of Oregon in its executive search for a Community Loan Fund Director.
ABOUT CASA OF OREGON:
CASA of Oregon (CASA) began its work more than 35 years ago by supporting local organizations that provide housing for farmworkers and other populations who have been marginalized in primarily rural areas throughout the state. Today, we enhance economic and housing security for Oregonians in need by working in four key areas:
Manufactured Housing Cooperative Development Center (MHCDC) – We develop and support manufactured-home community resident-cooperatives through organizing, training, and technical assistance. We also support the negotiation and oversight of the purchase and financing.
Real Estate Development (RED) – We partner with local community organizations and nonprofit housing sponsors to increase the stock of—and improve existing—affordable rental housing and community facilities. We serve as a developer, consultant, and technical assistance provider.
Family Economic Opportunity (FEO) – We partner with local agencies to administer Individual Development Accounts (IDAs), which enable individuals and households with limited financial resources to save and build assets at an accelerated pace through a match savings program.
Community Loan Fund (CLF) – We provide financing to support the development and preservation of affordable housing and community facilities. Loans provided include predevelopment, construction, bridge, and secondary permanent financing.
To learn more about Casa of Oregon, visit our website: https://casaoforegon.org/
COMMITMENT TO EQUITY, DIVERSITY, AND INCLUSION AT CASA OF OREGON:
As advocates, consultants, organizers, and agents for change, at CASA, we believe that racial equity, diversity, and inclusion should manifest at all levels of our programs. Through collaboration, we aim to build hope, homes, and financial health to both heal and strengthen our communities throughout the state of Oregon.
OVERVIEW OF THE COMMUNITY LOAN FUND DIRECTOR:
As a certified Community Development Financial Institution (CDFI), CASA operates a loan fund of approximately $20 million and generates a limited number of large real estate loans each year. The Community Loan Fund Director will oversee program needs and requirements, including operations and activities related to management of lending capital, management of loan portfolio, lending production, product development, risk-assessment, underwriting, processing, and monitoring performance of loans. The Director will be Responsible for creating and managing relationships with funders, investors, partners, legislators, borrowers, and others pertinent to the lending and affordable housing industries.
ESSENTIAL RESPONSIBILITIES FOR THE COMMUNITY LOAN FUND DIRECTOR:
PREFERRED SKILLS AND KNOWLEDGE OF THE COMMUNITY LOAN FUND DIRECTOR:
Experience and Commitment:
Financial Analysis Skills:
Leadership and Collaboration:
Communication Skills:
Technical Skills:
About Motus Recruiting and Staffing, Inc.
Founded in 2006, Motus is an award-winning recruiting and staffing firm in the Pacific Northwest, specializing in professional services and technology solutions. We are a group of people who not only recognize the importance of representation, but actively fight for diversity, equity, and inclusion in the recruitment process. Our goal is to educate organizations on the importance of DEI when hiring, promoting, and supporting diverse employees. We are calling organizations to demonstrate their commitment to DEI by being intentional about whom they hire.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability, or protected veteran status.
Casa of Oregon
Job Location: in office at Casa of Oregon in Sherwood, Oregon
Compensation: $104,700 - $115,000
Motus Recruiting and Staffing is proud to partner with Casa of Oregon in its executive search for a Community Loan Fund Director.
ABOUT CASA OF OREGON:
CASA of Oregon (CASA) began its work more than 35 years ago by supporting local organizations that provide housing for farmworkers and other populations who have been marginalized in primarily rural areas throughout the state. Today, we enhance economic and housing security for Oregonians in need by working in four key areas:
Manufactured Housing Cooperative Development Center (MHCDC) – We develop and support manufactured-home community resident-cooperatives through organizing, training, and technical assistance. We also support the negotiation and oversight of the purchase and financing.
Real Estate Development (RED) – We partner with local community organizations and nonprofit housing sponsors to increase the stock of—and improve existing—affordable rental housing and community facilities. We serve as a developer, consultant, and technical assistance provider.
Family Economic Opportunity (FEO) – We partner with local agencies to administer Individual Development Accounts (IDAs), which enable individuals and households with limited financial resources to save and build assets at an accelerated pace through a match savings program.
Community Loan Fund (CLF) – We provide financing to support the development and preservation of affordable housing and community facilities. Loans provided include predevelopment, construction, bridge, and secondary permanent financing.
To learn more about Casa of Oregon, visit our website: https://casaoforegon.org/
COMMITMENT TO EQUITY, DIVERSITY, AND INCLUSION AT CASA OF OREGON:
As advocates, consultants, organizers, and agents for change, at CASA, we believe that racial equity, diversity, and inclusion should manifest at all levels of our programs. Through collaboration, we aim to build hope, homes, and financial health to both heal and strengthen our communities throughout the state of Oregon.
OVERVIEW OF THE COMMUNITY LOAN FUND DIRECTOR:
As a certified Community Development Financial Institution (CDFI), CASA operates a loan fund of approximately $20 million and generates a limited number of large real estate loans each year. The Community Loan Fund Director will oversee program needs and requirements, including operations and activities related to management of lending capital, management of loan portfolio, lending production, product development, risk-assessment, underwriting, processing, and monitoring performance of loans. The Director will be Responsible for creating and managing relationships with funders, investors, partners, legislators, borrowers, and others pertinent to the lending and affordable housing industries.
ESSENTIAL RESPONSIBILITIES FOR THE COMMUNITY LOAN FUND DIRECTOR:
- Secures and maintains adequate capital for loan fund through grant writing, investment solicitation and application preparation/submission
- Identifies programmatic and product opportunities and develops loan products and services that promote organizational objectives and meets the needs of the clients and communities we serve
- Establishes and monitors loan portfolio performance metrics to support quality control, efficient processing, and customer satisfaction
- Develops, recommends, implements, and manages systems, controls, policies, and procedures appropriate for products offered to improve and maintain risk identification and mitigation
- Manages composition of loan fund portfolio to ensure proper balance of capital structure and fund allocation and communicates concerns to executive leadership and/or loan committee
- Sets guidelines and policy relating to the accurate and timely servicing of the organization’s loan portfolio - including the production of loan documentation, proper funding and closing processes, and coordination with finance department to ensure proper onboarding of loan into software systems
- Underwrites/structures loan requests and produces written recommendation and presentation to loan committee, and Board of Directors, when necessary, for approval process
- Monitors outstanding loan portfolio for performance as it relates to ongoing servicing of active loans and borrower compliance
- Collects and maintains key performance data for grant and investment reporting, as well as organizational impact reporting
- Provides oversight, approval, and management of predevelopment and construction loan disbursements
- Prepares annual department plan and budget for review by executive leadership
- Manages, supervises, and develops department staff, providing appropriate training and direction of work activities and regular performance evaluations
- Works with and responds to national and local funders on funding program requirements
- Engages in advocacy for affordable financing as a tool to create opportunities for low-income populations
- Prepares annual program plan and department budget utilizing existing loan pool, capital funding projections, outstanding commitments, project proposals, and general needs of the department for consideration
- Coordinates with the finance department to reconcile and accurately report on program and loan activities
PREFERRED SKILLS AND KNOWLEDGE OF THE COMMUNITY LOAN FUND DIRECTOR:
Experience and Commitment:
- Bachelor's Degree in a related field (or equivalent combination of education, training, and work experience)
- 3-4 years of real estate lending/finance experience
- Experience working in a nonprofit and in multifamily affordable housing preferred
- Passion for improving economic and housing opportunities for people with low incomes
- Respect for compliance and adherence to policies and procedures
Financial Analysis Skills:
- Well-developed analytical and problem-solving skills
- Strong financial analysis skills
- Ability to analyze financial data, assess risk, and make informed lending decisions
- Understanding of loan portfolio management and performance metrics
Leadership and Collaboration:
- Ability to lead, supervise, and support staff
- Cooperative and collaborative work style
- Strong relationship management experience
- Experience working with communities and individuals from diverse backgrounds
- Commitment to social and economic justice
Communication Skills:
- Excellent written and oral communication skills
- Adept at creating and delivering presentations to various audiences
- Ability to effectively communicate with stakeholders, funders, investors, partners, legislators, and borrowers
- Strong presentation skills
Technical Skills:
- Proficiency with Microsoft Office applications, including Word, Excel, and PowerPoint
- Detail-oriented and able to manage multiple priorities efficiently
- Familiarity with loan documentation and funding processes
- Ability to reconcile and accurately report on program and loan activities
About Motus Recruiting and Staffing, Inc.
Founded in 2006, Motus is an award-winning recruiting and staffing firm in the Pacific Northwest, specializing in professional services and technology solutions. We are a group of people who not only recognize the importance of representation, but actively fight for diversity, equity, and inclusion in the recruitment process. Our goal is to educate organizations on the importance of DEI when hiring, promoting, and supporting diverse employees. We are calling organizations to demonstrate their commitment to DEI by being intentional about whom they hire.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability, or protected veteran status.
Community Loan Fund Director
Casa of Oregon
Job Location: in office at Sherwood, Oregon
Compensation: $104,700 - $115,000
Motus Recruiting and Staffing is proud to partner with Casa of Oregon in its executive search for a Community Loan Fund Director.
ABOUT CASA OF OREGON:
CASA of Oregon (CASA) began its work more than 35 years ago by supporting local organizations that provide housing for farmworkers and other populations who have been marginalized in primarily rural areas throughout the state. Today, we enhance economic and housing security for Oregonians in need by working in four key areas:
Manufactured Housing Cooperative Development Center (MHCDC) – We develop and support manufactured-home community resident-cooperatives through organizing, training, and technical assistance. We also support the negotiation and oversight of the purchase and financing.
Real Estate Development (RED) – We partner with local community organizations and nonprofit housing sponsors to increase the stock of—and improve existing—affordable rental housing and community facilities. We serve as a developer, consultant, and technical assistance provider.
Family Economic Opportunity (FEO) – We partner with local agencies to administer Individual Development Accounts (IDAs), which enable individuals and households with limited financial resources to save and build assets at an accelerated pace through a match savings program.
Community Loan Fund (CLF) – We provide financing to support the development and preservation of affordable housing and community facilities. Loans provided include predevelopment, construction, bridge, and secondary permanent financing.
To learn more about Casa of Oregon, visit our website: https://casaoforegon.org/
COMMITMENT TO EQUITY, DIVERSITY, AND INCLUSION AT CASA OF OREGON:
As advocates, consultants, organizers, and agents for change, at CASA, we believe that racial equity, diversity, and inclusion should manifest at all levels of our programs. Through collaboration, we aim to build hope, homes, and financial health to both heal and strengthen our communities throughout the state of Oregon.
OVERVIEW OF THE COMMUNITY LOAN FUND DIRECTOR:
As a certified Community Development Financial Institution (CDFI), CASA operates a loan fund of approximately $20 million and generates a limited number of large real estate loans each year. The Community Loan Fund Director will oversee program needs and requirements, including operations and activities related to management of lending capital, management of loan portfolio, lending production, product development, risk-assessment, underwriting, processing, and monitoring performance of loans. The Director will be Responsible for creating and managing relationships with funders, investors, partners, legislators, borrowers, and others pertinent to the lending and affordable housing industries.
ESSENTIAL RESPONSIBILITIES FOR THE COMMUNITY LOAN FUND DIRECTOR:
- Secures and maintains adequate capital for loan fund through grant writing, investment solicitation and application preparation/submission
- Identifies programmatic and product opportunities and develops loan products and services that promote organizational objectives and meets the needs of the clients and communities we serve
- Establishes and monitors loan portfolio performance metrics to support quality control, efficient processing, and customer satisfaction
- Develops, recommends, implements, and manages systems, controls, policies, and procedures appropriate for products offered to improve and maintain risk identification and mitigation
- Manages composition of loan fund portfolio to ensure proper balance of capital structure and fund allocation and communicates concerns to executive leadership and/or loan committee
- Sets guidelines and policy relating to the accurate and timely servicing of the organization’s loan portfolio - including the production of loan documentation, proper funding and closing processes, and coordination with finance department to ensure proper onboarding of loan into software systems
- Underwrites/structures loan requests and produces written recommendation and presentation to loan committee, and Board of Directors, when necessary, for approval process
- Monitors outstanding loan portfolio for performance as it relates to ongoing servicing of active loans and borrower compliance
- Collects and maintains key performance data for grant and investment reporting, as well as organizational impact reporting
- Provides oversight, approval, and management of predevelopment and construction loan disbursements
- Prepares annual department plan and budget for review by executive leadership
- Manages, supervises, and develops department staff, providing appropriate training and direction of work activities and regular performance evaluations
- Works with and responds to national and local funders on funding program requirements
- Engages in advocacy for affordable financing as a tool to create opportunities for low-income populations
- Prepares annual program plan and department budget utilizing existing loan pool, capital funding projections, outstanding commitments, project proposals, and general needs of the department for consideration
- Coordinates with the finance department to reconcile and accurately report on program and loan activities
PREFERRED SKILLS AND KNOWLEDGE OF THE COMMUNITY LOAN FUND DIRECTOR:
Experience and Commitment:
- Bachelor's Degree in a related field (or equivalent combination of education, training, and work experience)
- 3-4 years of real estate lending/finance experience
- Experience working in a nonprofit and in multifamily affordable housing preferred
- Passion for improving economic and housing opportunities for people with low incomes
- Respect for compliance and adherence to policies and procedures
Financial Analysis Skills:
- Well-developed analytical and problem-solving skills
- Strong financial analysis skills
- Ability to analyze financial data, assess risk, and make informed lending decisions
- Understanding of loan portfolio management and performance metrics
Leadership and Collaboration:
- Ability to lead, supervise, and support staff
- Cooperative and collaborative work style
- Strong relationship management experience
- Experience working with communities and individuals from diverse backgrounds
- Commitment to social and economic justice
Communication Skills:
- Excellent written and oral communication skills
- Adept at creating and delivering presentations to various audiences
- Ability to effectively communicate with stakeholders, funders, investors, partners, legislators, and borrowers
- Strong presentation skills
Technical Skills:
- Proficiency with Microsoft Office applications, including Word, Excel, and PowerPoint
- Detail-oriented and able to manage multiple priorities efficiently
- Familiarity with loan documentation and funding processes
- Ability to reconcile and accurately report on program and loan activities
About Motus Recruiting and Staffing, Inc.
Founded in 2006, Motus is an award-winning recruiting and staffing firm in the Pacific Northwest, specializing in professional services and technology solutions. We are a group of people who not only recognize the importance of representation, but actively fight for diversity, equity, and inclusion in the recruitment process. Our goal is to educate organizations on the importance of DEI when hiring, promoting, and supporting diverse employees. We are calling organizations to demonstrate their commitment to DEI by being intentional about whom they hire.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability, or protected veteran status.
Job ID: 11595