Senior Loan Officer

Nonprofit Finance Fund | Los Angeles, California

Background

Nonprofit Finance Fund (NFF) works toward a more just and vibrant society through:

Financing that invests in missions. Our customized financing strengthens hardworking nonprofits and social enterprises.

Consulting that empowers leaders. Our experts equip you to make financial decisions that best serve your mission.

Partnering on big problems. Service providers, funders, and investors turn to us for new ways to collaboratively support stronger, fairer communities.

Learning that helps illuminate paths to solving complex social issues. Sharing experiences and expertise – from ideas to anecdotes to cutting-edge data and analysis – makes it easier.

NFF advances missions and social progress in underserved communities through financing, consulting, partnerships, and knowledge-sharing that empower leaders, organizations, and ideas. A leading Community Development Financial Institution (CDFI), NFF currently manages over $310 million. Since 1980, we have provided almost $700 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide.

Job Summary

NFF’s Financial Services team is seeking a Senior Loan Officer. This position plays a central role in the growth and expansion of NFF’s financing business and holds primary responsibility in managing the due diligence, underwriting, and structuring of financing products and portfolios in the West Coast region. S/he develops and maintains high-quality underwriting ensuring that NFF remains a leading underwriter for investment opportunities across sectors, industries, and geographies. Primary responsibilities include working with borrowers through all stages of the financing process, from assisting with applications, assessing the viability of borrowers, conducting financial analyses, underwriting loans, preparing documents for loan approval, and presenting proposals to loan committees. The Senior Loan Officer partners internally to support meeting budgeted lending goals and contributes to lending process improvements. S/he maintains knowledge of key markets within the region and nationally to support and inform the underwriting process and the development of new products.

The ideal candidate will have a demonstrated interest in or commitment to supporting low-income communities and/or the nonprofit sector and is a strong communicator and relationship builder with the ability to forge deep community relationships while setting realistic expectations and moving financial projects forward.

This position is a national position to be based in NFF’s Oakland or Los Angeles office and reports to the Vice President, Underwriting.

Responsibilities

Underwriting and Product Management

  • Underwrite and structure financing requests for on and off-balance sheet transactions, New Markets Tax Credits and third-party delegated underwriting within appropriate and relevant credit policy guidelines and in a timely manner. Work with borrowers through all stages of the financing process.
  • Present proposals to loan committees and support the drafting of commitment letters and loan documents. 
  • Engage with clients, actively seeking to understand customers’ circumstances, expectations and needs, and developing financing solutions to meet those needs.
  • Develop and maintain knowledge of key sectors by attending conferences and maintaining relationships with key stakeholders, among other ways.
  • Manage special product or capital funds or programs, as needed.
  • Maintain a culture of quality customer service at all points of contact with NFF clients, Financial Services team and other staff, board and committee members, lending partners and professionals.

Business and Product Development

  • Maintain strong relationships with current and future borrowers and partners.
  • Develop and use knowledge of clients and markets in West Coast region to identify evolving trends and risks, and propose new product opportunities.
  • Support the process of bringing new products to market.

Requirements/Other

Essential Requirements for Education and/or Experience:

  • Bachelor’s degree or equivalent experience required; Master’s degree in business, finance, public administration or related field preferred.
  • A minimum of five years of professional experience, preferably in the fields of nonprofit management, consulting and/or financial services.
  • Demonstrated commitment and interest in the social sector and facility with nonprofit accounting, finance, financial model building, and general issues and trends in the nonprofit sector.
  • Excellent analytical skills, including ability to identify and assess risk and analyze and understand complex financing structures.
  • Proficiency with technology applications particularly Excel, Word, and PowerPoint.
  • Outstanding interpersonal and communication skills, both written and verbal.
  • Keen attention to detail.
  • Solutions-based mindset and approach.
  • Self-starter with the ability to work independently, as well as collaborate and build relationships with a close-knit group of colleagues, clients, funders, board members and leaders in the field in a way that is consistent with NFF Values.
  • Strong time management, multi-tasking, and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
  • Interest and ability to travel nationally, year round, up to 40% of the time.

Specialized Knowledge/Beneficial Skills and Experience:

  • Familiarity with outcomes-based contracting/financing, Impact Investing and/or Pay for Success structures.
  • Prior Salesforce experience, a plus.

Please Note:

All salaries are commensurate with experience and include an attractive benefits package.

Nonprofit Finance Fund is committed to diversity, equity and inclusion in its workforce.  Diverse candidates are encouraged to apply.

NFF is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, national origin, disability, genetic information, age, or military or veteran status in accordance with federal law. In addition, NFF complies with applicable state and local laws governing non-discrimination in employment in every jurisdiction in which it maintains facilities. NFF also provides reasonable accommodation to qualified individuals with disabilities in accordance with applicable laws. Upon request, reasonable accommodations in the application process will be provided to individuals with disabilities.

This job posting provides a general list of the essential responsibilities and qualifications required for this position. It does not represent a contract for employment and NFF reserves the right to change the description and/or posting at any time without notice.

When applying, please DO NOT include any of the following information with your job application: Social Security number; driver's license number or state-issued identification card number; financial account number, or credit or debit card number.