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Indianapolis Neighborhood Hous

Director, Community Lending and Investing

Indianapolis Neighborhood Hous, Indianapolis, IN, US, 46205

Salary min: $67.00

Salary max: $68.00

Duration: Full Time

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POSITION PURPOSE

The incumbent in this position will provide strategic direction, expertise, and implementation capacity in five key areas (in conjunction with Chief Strategy Officer): (1) Community Lending and Portfolio Management; (2) Property Acquisition and Management; (3) Business Development; (4) INHP Program design and implementation; and (5) supervise the Portfolio Manager.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES

To be successful in this role, an individual must be able to perform in a satisfactory manner the functions listed below. The company will make reasonable accommodations to enable individuals with disabilities to perform these functions.

  1. Community Lending Lending by INHP to community development partners for projects that align with INHPs mission and strategic plan.
    • Provide high-level leadership across areas of responsibility
    • Develop and pursue corporate goals
    • Lead the development and cultivation of new business development
    • Underwrite and process loans
    • Identify, assess, and implement strategic opportunities
    • Develop and recommend policy relevant to areas of responsibility
    • Assess and manage risk factors of INHPs Community Lending loan portfolio: Risk assessment and management is key to this job, while not being paralyzed by risk aversion
    • Support Funds Development initiatives and department
    • Public Relations Management
    • Identify and promote Change Management
    • Support efforts of company to provide superior customer service by insuring effective coordination/integration with all company departments
  • Property Acquisition and Management Acquisition of properties by INHP to hold in portfolio or for future development of affordable multi-family and mixed-use projects.
    1. Lead identification of strategic properties and closing
    2. Maintain properties in INHP portfolio in compliance with all rules, regulations, and policies
    3. Oversee INHP property management function including selection and oversight of strategic partners
    4. Identify and implement strategic relationships to execute site acquisition and management responsibilities including the selection and management of property management vendors for INHP-owned multi-family rental units.
    5. Review subject sites to ensure location, size, cost, and other parameters are sufficient to be a desirable location, suitable for future affordable housing development.
    6. Assess risk factors of real estate owned
    7. Manage buyer/developer, investor, lender, and borrower relations
    8. Negotiate purchase options for the target properties
    9. Lead company through disposition of property to affordable housing developer and monitor any post-sale covenants addressing any violations
  • Business Development Relationships with development partners to promote the production of affordable housing.
    • Business Development: Manage the development and implementation of a strategic, comprehensive, and short and long-term business development strategy which includes:
      1. Goals: establish, monitor and report status
      2. Budget: establish, manage and report
    • Develop partnerships to cultivate sources of customers, partners, and developers
    • Identify, develop, and manage National, State and Local Partnerships
    • Develop and foster strategic relationships with: City of Indianapolis, local civic, nonprofit and community leadership, financial institutions, and national, state and local investors, and donors
  • INHP Program Design and Implementation work in conjunction with Chief Strategy Officer, to design and implement new programs in furtherance of INHPs mission.
    • Lead all aspects of program design and implementation for property acquisition and lending programs including, if appropriate, evaluation and execution of affordable housing development strategies.
    • Continually apply knowledgeof marketplace to develop programs in furtherance of INHPs mission
    • Entrepreneurial orientation towards new business opportunities by determining market needs, viable strategies to meet those needs, and implementing new products
    • Research best practices
    • Research Federal, state, or local programs that may help INHP manage risk or improve results of programs
    • Monitor market conditions that may influence performance of programs and recommend reactions to minimize risk or maximize benefits.
  • Supervise/manage the Portfolio Manager (PM) of Community Lending.
    1. Provide ongoing oversight of the Portfolio Manager, including ongoing training and skills development.
    2. Regular reviews of the portfolio with the PM to ensure proper controls, risk management, and administration.
    3. Regular reviews and collaboration with the PM to manage the TOD portfolio.
    • OTHER FUNCTIONS
  • Ability to create and make presentations to diverse groups including INHPs Board of Directors, elected officials, and industry leaders (e.g. insurance and banking professionals)
  • Ability to calculate various financial functions such as present value, payment amounts, internal rate of return, future value, and amortization tables
  • Ability to comprehend, coordinate, and communicate financial data in a format understandable by a variety of audiences
  • Ability to create and/or interpret complex financial statements, proformas and budgets for corporations and real estate projects
  • Build community relationships with the goal of attaining new financial resources for INHP and/or other affordable housing industry needs and to increase demand for INHP services
  • Continually and critically analyze and improve the program delivery system to ensure it is effective and efficient
  • Continually provide effective and quality customer service
  • Demonstrate strategic and analytical skills
  • Determine compliance requirements and systems to ensure compliance
  • Support the organizational fundraising efforts including participation in donor relations activities
  • Excellent organizational, process, time-management, and logical-thinking skills
  • Manage, develop, and document workflows and procedures that assist in the most efficient programs
  • Participate in company brainstorming and strategic-planning meetings
  • Performs other duties as assigned
  • Tolerance for ambiguity and changes in direction while maintaining focus of primary mission, a wide degree of creativity and latitude is expected

    • EDUCATION AND/OR EXPERIENCE

    To perform this job successfully, an individual must have the following education and/or experience.

  • Knowledge and/or experience in the following fields: community and/or commercial lending, commercial underwriting, property management, single family and commercial development, strategic planning, low-income housing tax credits, community development
  • Bachelors degree required, advanced degree or professional certification preferred (e.g. Certified Public Accountant, masters in business administration, masters in economics, masters in public administration, Chartered Financial Analyst, etc.)

    • Ten to fifteen years of relevant experience in commercial lending, finance, real estate development or brokerage, not for profit, government/public policy, affordable housing, project negotiation, communications and/or research (private sector experience preferred)

    COMPENTENCIES

    The requirements listed below are representative of the knowledge, skills, and/or abilities required to perform each essential duty satisfactorily. The company will make reasonable accommodations to enable individuals with disabilities to perform these functions.

  • Ability to arrive at work on time and maintain a positive attendance record
  • Ability to build and maintain positive work relationships with management, other staff members, and external contacts
  • Ability to effectively communicate in person, by phone, and in writing
  • Ability to interact with the media as needed
  • Ability to perform Internet research
  • Ability to prepare and fiscally manage an annual budget
  • Ability to think logically and problem-solve in order to analyze situations, troubleshoot, and make sound decisions
  • Ability to work in fast paced, stressful, ever-changing and diverse environment
  • Advanced time management skills
  • Available to work evenings and weekends as requested
  • Effective written and verbal communication skills
  • Proficiency in Microsoft Office (Word, Excel, Access, PowerPoint), Adobe Professional, and other software applications necessary to perform essential job functions and support other team members
  • Timely decision-making skills
  • Valid drivers license and reliable transportation; position requires some travel between multiple work locations

    • PHYSICAL DEMANDS

    The physical demands described here are representative of those an individual must meet to successfully perform the essential functions of this job. The company will make reasonable accommodations to enable individuals with disabilities to perform these functions.

  • Ability to sit for extended periods of time and to move intermittently throughout the workday
  • Strong sensory skills, such as good eyesight, good hearing, and dexterity
  • Ability to bend, push, lift, carry, pull, and move up to 25 pounds
  • Ability to speak and listen clearly
  • Ability to perform focused work with close attention to detail
  • Ability to operate office equipment, including computers, copiers, fax machines, and phones
  • Ability to interact with others, both in person and through phone, e-mail, and written correspondence

    • M/F/D/V



    Compensation details: 140000-142000 Yearly Salary





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