• Structure and negotiate financing proposals/commitments and prepare comprehensive written loan packages for review and approval by Loan Committee.
• Review and interpret third party due diligence reports, including appraisals, market assessments, entitlement/zoning classifications, and environmental reports to determine transaction viability and appropriate loan structure.
• Coordinate the preparation of commitment letters and loan documents with internal team members and attorneys as needed.
• Assist in the closing process, including internal and external closing counsel (as applicable), and the collection, review, approval and execution of all closing items.
• Manage an existing portfolio of loans, including annual site visits, timely review of financial statements, review and approval of disbursement/funding requests, monitoring for covenant compliance and processing modification and extension requests.
• Assist Director of Portfolio Management in maintaining loan files in audit-ready condition to ensure accuracy and completeness.
• Assist with other projects as needed, including funding requests and applications.
Professional Characteristics
The Senior Loan Officer position is appropriate for a seasoned professional with at least five (5) years of lending experience, a significant portion of which should involve affordable housing and/or community facilities, real estate underwriting responsibilities. The position requires a responsible individual with demonstrated experience in preparing and negotiating complex, multi-layered transactions and balancing the programmatic needs of community based organizations with sound underwriting judgment and risk mitigation. The successful candidate will have the ability to prioritize and manage multiple projects and assignments, meet tight deadlines, and coordinate and communicate effectively across all levels of the organization. Computer literacy in the Microsoft Office environment (particularly Excel) is required, as well as strong business development, analytical, communication, and problem solving skills. Undergraduate degree required; advanced degree in business, finance or related field preferred. Familiarity with federal, state and local community development programs, particularly programs that finance charter schools, federally-qualified health centers and affordable housing preferred. Experience in a CDFI lending environment is a plus.
The position may involve some travel for site visits and periodic inspections.
PCG acknowledges and honors the fundamental value and dignity of all individuals. Our community strives to create and maintain a working environment that respects diverse traditions, heritages, and experiences. We are an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
COVID-19 Circumstances:
PCG is adhering to CDC, state, and local orders with regard to COVID-19. Since summer 2021, staff has been gradually transitioning from remote work to in-person at our physical offices. We are closely monitoring the recommendations of health officials to protect the health and well-being of all staff. Applicants are strongly encouraged to be in the DC, MD, or VA area to be able to work in-office.
To date, PCG has not instituted a vaccination policy. All staff, however, have been fully vaccinated from COVID-19. Therefore, PCG prefers a candidate who is also fully vaccinated. Consideration may be given, however, to those who have documented medical or religious reasons for not receiving the vaccine.
Competitive salary, excellent benefits and a pleasant, challenging work environment. PCG is an equal opportunity employer.
Apply at: http://www.pcgloanfund.org/senior-loan-officer#overlay-context=