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IFF (CDFI) · 1 month ago

Senior Lender

St. Louis,MO,US

Full-time

Hybrid

Senior Level

$82K/yr - $100K/yr

7+ years exp

IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive. The Senior Lender is responsible for supporting the loan origination process by analyzing applicant financial, project and management capacity, and preparing loan recommendations while managing borrower relationships.

ConsultingFinanceFinancial Services

No H1B

Responsibilities

Primary borrower relationship manager for assigned region’s lending activities. Responsible for sourcing, underwriting, seeking approval, and facilitating the closing and monitoring of loans, including those requiring complex structuring

Responsible for guiding prospective borrowers through the loan application, approval and closing process

Screens projects for alignment with IFF and department goals. Evaluates loan requests, including the agency's financial condition and projections, site analysis and building plans, operating plans, potential risks and other relevant data to support a recommendation of whether or not to make a loan. Follow up as necessary with agency and others to obtain additional information

Coordinating as necessary with the Chief Credit Officer, underwrite, structure, package and present loan recommendations for approval to loan committees. Document terms and conditions and issue commitment letter

Provide technical assistance on financing and financial systems to improve capacity of applicants and borrowers

Support IFF’s Customer Relationship Management database with data input to ensure that accurate and comprehensive information on all aspects of loan program is readily available, from initial contact through project closing and long-term monitoring. Contribute quantitative and narrative materials for fund raising applications and required reporting

Establish closing requirements and work with IFF Closing and Escrow Services team, borrower, attorneys, and others to facilitate closing process in timely and efficient manner

Work with the Partnership Management team to support post-close monitoring including customer check-ins or site visits as required. Coordinate customer relationship management with Partnership Management and support effective relationship communications

Lead loan business development efforts to build and maintain a strong loan pipeline. Work with Marketing to implement appropriate outreach strategies, business development and sales activities

Develop and pursue business leads from existing network of customers, contact with agencies and market influencers, community leaders and funders and follow up with generated leads

Respond in a timely manner to inquiries from prospective borrowers, providing information regarding IFF lending programs, assessing loan readiness, and assisting as necessary to prepare loan submissions and related paperwork

Conduct in-person and virtual presentations or workshops for customers and prospective borrowers as arranged and scheduled with the Managing Director of Lending or in coordination with other partners

Participate with other Capital Solutions staff to research, develop, and improve lending programs, policies and procedures, marketing materials, application forms, tracking procedures, program goals, and general communications

Maintain required job knowledge, skills and core professional competencies. Attend and participate in required educational programs and staff meetings

Demonstrates a commitment to equity, diversity, and inclusion. Promotes an environment of empathy and respect, ensures the inclusion of all team members, and will actively engage in EDI events and learning opportunities

Perform other projects as assigned

Qualification

Commercial lendingCredit analysisFinancial statement analysisNonprofit sector knowledgeLoan marketingExcel proficiencyDatabase managementInterpersonal skillsPresentation skills

Required

Bachelor's Degree or equivalent combination of education and/or experience required, preferably in business, accounting, or finance

Seven years of experience in banking, finance, or real estate finance

Demonstrated competence in commercial lending terminology and credit and financial statement analysis

Experience marketing loan products

Familiarity with the nonprofit sector strongly preferred

Familiarity with construction and lending practices and terminology

Strong interpersonal skills

Comfortable in presentation and workshop situations

Proficient computer software user, including spreadsheets (Excel) and databases

Occasional evening and weekend work

Benefits

Medical, dental, and vision insurance

Paid time off

401(k) retirement plan with employer contribution

Life Insurance

Short and long term disability

Hybrid workplace

Summer Fridays

Professional development stipend

Mentorship program

Wellness programs

Employee assistance

Referral Bonuses

Company

IFF (CDFI)

Grounded in equity and deep sector expertise, IFF champions nonprofits to shape more equitable and vibrant communities through community-centered lending, development, and real estate consulting.

Founded in 1988

Chicago, Illinois, USA

51-200 employees