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Local Initiatives Support Corporation (LISC) · 1 day ago

Program Officer, Lending

South Carolina, United States

Full-time

Hybrid

Mid Level

$80K/yr - $100K/yr

3+ years exp

Local Initiatives Support Corporation (LISC) is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. They are seeking a Lending Program Officer to advance its community development lending program, facilitating and deploying capital while guiding development capacity at the local and regional level.

AssociationBusiness DevelopmentCommunitiesHealth CareNon Profit

Responsibilities

Develop a strategic approach to support the growth of lending and real estate-based transactions, design new lending programs and create related marketing, informational and application materials

Build and manage a pipeline of projects for Upstate SC to invest in such asset classes as affordable housing, community facilities, educational facilities, commercial developments and economic infrastructure with the primary goal of generating loan activity for the LISC loan fund and other LISC-managed loan pools to meet LISC Upstate’s agreed upon lending goals

Work with LISC partners on the full cycle of activities related to business and real estate-based lending and development, providing technical assistance and identifying appropriate LISC resources as needed. This includes assessing project feasibility and the financing request, developing financing strategies and helping partners access other forms of capital including philanthropic contributions and/or public subsidies

Develop and manage relationships with other strategic partners, including for-profit and nonprofit financial institutions and local, state, and national governmental subsidy programs, that could support potential permanent financing structures for LISC borrowers

Ensure integration and alignment of Upstate SC’s real estate development activities and financing pipeline with the strategic direction and goals of LISC National and Upstate SC by collaborating with LISC team members and strategic neighborhood partners

Provide capacity building support to partners to position their organization to successfully implement more complex real estate developments. Identify LISC resources that could be used to strengthen the organization

Serve as primary underwriter, including working with borrowers to structure the transaction, conducting due diligence and financial analyses, drafting credit memoranda, and presenting loan recommendations to LISC’s national Credit Committee and the LISC Board of Directors, as applicable

Coordinate between National Lending and local program staff through regular pipeline meetings and other channels

Compile and share best practices in business development and sourcing from within the LISC community and from sources outside of LISC. Represent LISC as an expert on community development lending and share best practices at conferences, trainings, and events

Prepare reports and findings for investors, funders and other stakeholders as needed

Lead new initiatives as called upon to do so

Perform other duties as required

Qualification

Lending experienceFinancial analysisReal estate financingCommunity developmentProject managementMicrosoft ExcelInterpersonal skillsCommunication skillsProblem-solvingTeam collaboration

Required

Bachelor's degree OR relevant related work experience

Minimum of at least three (3) years of relevant experience in lending, finance, community development or related field. Proven track record of delivering results

Familiarity with the real estate markets in the Upstate SC together with familiarity with city, state and federal housing, commercial and mixed-use financing programs available to support projects

Knowledge of financing products such as predevelopment, acquisition, construction, bridge and permanent loans; lines of credit; and tax credit equity

Ability to evaluate financial statements

Ability to identify financing opportunities and to creatively solve problems

Capacity to work on multiple tasks and projects, prioritize a challenging workload, be positive and solution oriented

Ability to work collaboratively with others and demonstrate flexibility and poise in dealing with a diverse range of individuals and organizations

Commitment to working in a small team with a desire to learn from colleagues, supporting and encouraging each other in the pursuit of excellence

Excellent judgment, maturity, integrity, professionalism, interpersonal and managerial skills

Excellent writing and verbal communication skills are essential

Proficiency in Microsoft Office suite, particularly Microsoft Excel

Preferred

Experience with working with lower-income communities and with a community-based, resident-driven model of neighborhood revitalization preferred

Benefits

Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being

Disability Insurance: Long-term and short-term coverage for peace of mind

Retirement Savings: Secure your future with our 401(k) and 403(b) plans

Generous Holidays: Enjoy ample time off to recharge and celebrate

Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance

Tuition Assistance: Pursue your educational goals with support from our tuition assistance program

Referral Program: Earn rewards for referring qualified candidates to join our team

Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals