Local Initiatives Support Corporation

Local Initiatives Support Corporation

Credit Officer

Hybrid; New York City - LISC National Headquarters

Sponsorship not specified$89k-$111kDetected 22 hours ago
SalesforcePipeline ManagementFinancial AnalysisCommunicationUnderwriting

About the role

  • Position Description LISC is seeking qualified candidates for a Credit Officer position.
  • The Credit Officer will work in concert with Lending, Finance and Legal department staff.
  • We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.

Responsibilities

  • Manage weekly Credit Committee materials and meetings. This also includes distributing credit packages, serving as secretary for the meetings, and ensuring credit requirements are reflected in the meeting notes and credit memos.
  • Coordinate and manage the review of loans and amendments approved by the Chief Credit Officer.
  • Support the review and approval of all loan requests from intake through closing, working closely with Lending, Finance, and Legal staff.
  • Under the supervision of the Senior Credit Officer, review and analyze requests for recoverable grant financing. Collaborate with responsible stakeholders to ensure alignment with organizational priorities and impact goals.
  • Perform analysis on loan commitments and performance for ad hoc reports to senior management, including periodic reporting to ensure data integrity for LISC's impact metrics
  • Manage and update all credit policies and procedures including an underwriting manual.
  • Serve as a back-up to the Loan Support Specialist with regards to loan intake management and pipeline analysis.
  • Develop and present trainings on topics such as the credit approval process, credit and sector analysis, updates to underwriting guidelines ordering and reviewing third-party reports, and utilization of LISC lending systems.
  • Create marketing and communication materials to share with internal and external audiences including panel submissions to conferences, quarterly newsletters and pitch books for our existing and potential external financing sources
  • Perform other related duties as needed.

Requirements

  • Bachelor's degree from an accredited college or university
  • Strong financial analysis skills, including ability to analyze financial statements, project development budgets, and project operating pro formas.
  • Familiarity with government subsidies and tax credit programs supporting affordable housing.
  • Excellent interpersonal skills and ability to work effectively across the LISC network of local and national programs and affiliates.
  • Ensure the completeness, accuracy and integrity of data entered in Salesforce and other loan systems and that all required approvals for new loans and amendments have been recorded.
  • Minimum three (3) years of job related credit analysis experience.
  • Demonstrated interest in a career in community development finance.
  • Strong written skills and attention to detail.
  • Good organizational abilities, including ability to work independently and manage multiple assignments simultaneously.

Compensation

  • LISC provides a competitive salary ( $88,537-$110,671 ) and excellent fringe benefits for this position.

Benefits

  • LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive.
  • We do this by acting as a conduit for grants, loans and equity--and by providing technical assistance and capacity building--to locally rooted organizations that carry out the work in communities.
  • Comprehensive health plans for you and your family's well-being;
  • Take advantage of flexible time-off policies to maintain work-life balance;

Company info

  • This position will be part of LISC's Lending Department and report to LISC's Senior Vice President, Chief Credit Officer.

Equal opportunity

  • Grow and advance in your career with access to ongoing training and development programs tailored to your goals.
  • LISC is an equal opportunity employer.
  • LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.

Visa & Work Authorization

  • t discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medic
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