Senior Lender
2 weeks ago
As a Senior Lender at Illinois Facilities Fund, you will play a key role in supporting the loan origination process by analyzing applicant financial, project, and management capacity, and preparing loan recommendations. You will work closely with lenders across all IFF sectors and states on loan opportunities to determine long-term fit with IFF mission and credit requirements. Additionally, you will manage and maintain database information with responsibility for data integrity.
Key Responsibilities
1. 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.
2. 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.
3. Coordinating with the Chief Credit Officer, underwriting, structuring, packaging, and presenting loan recommendations for approval to loan committees. Documenting terms and conditions and issuing commitment letters. Providing technical assistance on financing and financial systems to improve capacity of applicants and borrowers.
4. Supporting 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. Contributing quantitative and narrative materials for fundraising applications and required reporting.
5. Establishing closing requirements and working with IFF Closing and Escrow Services team, borrower, attorneys, and others to facilitate closing process in timely and efficient manner. Working with the Portfolio Management team to support post-close monitoring, including customer check-ins or site visits as required. Coordinating customer relationship management with Portfolio Management and supporting effective relationship communications.
Requirements
1. 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.
2. 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. Preference for bilingual candidates, or candidates fluent in Spanish.
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