Loan Closure Paralegal
Nonprofit Finance Fund, Phila, PA, United States
Position Reports to:
Vice President, General Counsel Department:
General Counsel Location:
NFF is a remote-first organization with offices in Boston, New York, Philadelphia, Oakland, and Los Angeles. This is a US-based remote role, with a strong preference for candidates within commutable distance to NFF's New York City office. Salary Range:
$99,500 - $110,600 About Nonprofit Finance Fund For over 40 years, Nonprofit Finance Fund® (NFF®) has empowered organizations to access the financial resources and support they need to fulfill their community goals. We are committed to building community wealth and well-being, making essential services, affordable housing, quality jobs, and excellent education accessible to more individuals. We envision a world of shared prosperity, where communities thrive with the capital, assets, knowledge, and agency they require. Explore our approach to achieving this vision through our Theory of Change and Values. About This Role As the Loan Closure Paralegal reporting directly to the Vice President, General Counsel, you will play a pivotal role in managing post-closing requirements of core fund loans, facilitating the closing of special loan fund loans, and handling documentation related to extensions and amendments of portfolio loans. Your work will be essential in driving NFF's mission forward by ensuring lending activities are executed meticulously and in compliance, allowing for responsible and effective capital deployment. Additionally, you will provide crucial support to the general operations of the General Counsel department, actively contributing to various functional areas including compliance and documentation. This position is ideal for a detail-oriented, highly organized professional who values accountability, collaboration, and is keen on advancing NFF's mission through precise execution of legal and lending processes. NFF operates within core business hours of 9:00 am to 5:00 pm local time, and occasional travel (approximately 20%) will be required. What You Will Do Key responsibilities for this position include, but are not limited to: Client Loan Closings Stewardship (40%)
Draft amendments, waiver letters, and other necessary loan documents. Organize and track closing documentation for loan transactions. Assist with pre-closing and closing activities as required. Collect signature pages and prepare wire transfer requests. Prepare and file UCC filings, including continuation and termination statements. Conduct lien and litigation searches. Perform corporate entity searches. Prepare and manage collateral release documents.
Post-Closing Compliance Operations (30%)
Schedule post-closing meetings with loan servicing, underwriting, portfolio management, and general counsel departments. Track and follow up on documents and items required post-closing. Monitor UCC and mortgage filings and title insurance policies in favor of NFF. Maintain and update the post-closing checklist.
General Counsel Operations & Administrative Support (20%)
Serve as Asana project manager, creating and tracking projects. Establish and maintain client files. Upload files to the corporate cloud document management system and Salesforce. Keep track of loan amendments and other General Counsel department activities. Coordinate department meetings, mailings, and filing projects. Assist NFF's NMTC team with post-closing support, including file maintenance. Collaborate with NFF's internal enterprise support team, outside agents, and online platforms to manage tasks.
Special Projects, Meetings, & Other Duties as Assigned (10%)
Form and dissolve special purpose entities for NFF's NMTC team. Support special projects as needed to advance the business. Attend internal and external meetings as necessary. Contribute to advising a dynamic organization on complex legal, business, and strategic issues. Adapt to changing assignments, projects, and job duties as community and client needs evolve.
Who You Are and Minimum Qualifications A bachelor's degree in business administration, paralegal studies, public administration, or a related field;
equivalent combinations of relevant education, training, and experience will be considered. Five (5) years of professional experience as a paralegal or in a similar role in a law firm with a focus on financial transactions, corporate transactional work, including project finance, securities, structured finance, or public finance law. Advanced skills in managing multiple concurrent projects or transactions, with accountability for tracking timelines, deliverables, and follow-ups. Proven ability to communicate clearly and professionally in both written and verbal formats with internal stakeholders and external parties. The Strongest Candidates Will Have/Be A commitment to NFF's mission, values, and approach to community impact. A learning orientation and curiosity about business and lending strategies, with an interest in CDFIs and their role in nonprofit financing. Strong organizational, process-driven, and detail-oriented work habits, with the capability to manage competing priorities in a fast-paced environment. A self-starter mindset with high personal accountability, coupled with a collaborative spirit in working with a mission-driven team. Exceptional interpersonal and client-facing communication skills, including building trust and effectively working with stakeholders at all levels. The ability to work independently and effectively in a remote environment, fostering relationships across various geographies and time zones. Sound judgment, integrity, discretion, and the ability to maintain confidentiality of sensitive information. Comfortability using online collaboration tools and business systems, including Salesforce and Microsoft Office. Benefits and Compensation NFF offers an attractive benefits package including up to twenty (20) paid holidays/business closure days, three (3) floating holidays, flexible time off, group medical insurance with a funded health reimbursement account, dental and vision plans, life and disability insurance, a retirement plan with non-elective employer contributions (4%) and additional matching contributions (2%), a "work from home" fund, and flexible spending accounts for health, dependent care, and commuter costs. This is an exempt, full-time role with a salary range of $99,500 - $110,600. Compensation offers will be based on the candidate's background and relevant experience, ensuring fairness and internal equity. In line with our strong commitment to equity and growth, NFF does not negotiate compensation offers. NFF is an equal opportunity employer, committed to diversity and does not discriminate against any applicant or employee based on race, color, religion, sex, national origin, disability, genetic information, age, or military or veteran status to the extent required by federal law. NFF also complies with applicable state and local non-discrimination laws in every jurisdiction where our facilities are located. We provide reasonable accommodations to qualified individuals with disabilities according to applicable laws. Note that NFF does not employ individuals situated outside of the United States.
Vice President, General Counsel Department:
General Counsel Location:
NFF is a remote-first organization with offices in Boston, New York, Philadelphia, Oakland, and Los Angeles. This is a US-based remote role, with a strong preference for candidates within commutable distance to NFF's New York City office. Salary Range:
$99,500 - $110,600 About Nonprofit Finance Fund For over 40 years, Nonprofit Finance Fund® (NFF®) has empowered organizations to access the financial resources and support they need to fulfill their community goals. We are committed to building community wealth and well-being, making essential services, affordable housing, quality jobs, and excellent education accessible to more individuals. We envision a world of shared prosperity, where communities thrive with the capital, assets, knowledge, and agency they require. Explore our approach to achieving this vision through our Theory of Change and Values. About This Role As the Loan Closure Paralegal reporting directly to the Vice President, General Counsel, you will play a pivotal role in managing post-closing requirements of core fund loans, facilitating the closing of special loan fund loans, and handling documentation related to extensions and amendments of portfolio loans. Your work will be essential in driving NFF's mission forward by ensuring lending activities are executed meticulously and in compliance, allowing for responsible and effective capital deployment. Additionally, you will provide crucial support to the general operations of the General Counsel department, actively contributing to various functional areas including compliance and documentation. This position is ideal for a detail-oriented, highly organized professional who values accountability, collaboration, and is keen on advancing NFF's mission through precise execution of legal and lending processes. NFF operates within core business hours of 9:00 am to 5:00 pm local time, and occasional travel (approximately 20%) will be required. What You Will Do Key responsibilities for this position include, but are not limited to: Client Loan Closings Stewardship (40%)
Draft amendments, waiver letters, and other necessary loan documents. Organize and track closing documentation for loan transactions. Assist with pre-closing and closing activities as required. Collect signature pages and prepare wire transfer requests. Prepare and file UCC filings, including continuation and termination statements. Conduct lien and litigation searches. Perform corporate entity searches. Prepare and manage collateral release documents.
Post-Closing Compliance Operations (30%)
Schedule post-closing meetings with loan servicing, underwriting, portfolio management, and general counsel departments. Track and follow up on documents and items required post-closing. Monitor UCC and mortgage filings and title insurance policies in favor of NFF. Maintain and update the post-closing checklist.
General Counsel Operations & Administrative Support (20%)
Serve as Asana project manager, creating and tracking projects. Establish and maintain client files. Upload files to the corporate cloud document management system and Salesforce. Keep track of loan amendments and other General Counsel department activities. Coordinate department meetings, mailings, and filing projects. Assist NFF's NMTC team with post-closing support, including file maintenance. Collaborate with NFF's internal enterprise support team, outside agents, and online platforms to manage tasks.
Special Projects, Meetings, & Other Duties as Assigned (10%)
Form and dissolve special purpose entities for NFF's NMTC team. Support special projects as needed to advance the business. Attend internal and external meetings as necessary. Contribute to advising a dynamic organization on complex legal, business, and strategic issues. Adapt to changing assignments, projects, and job duties as community and client needs evolve.
Who You Are and Minimum Qualifications A bachelor's degree in business administration, paralegal studies, public administration, or a related field;
equivalent combinations of relevant education, training, and experience will be considered. Five (5) years of professional experience as a paralegal or in a similar role in a law firm with a focus on financial transactions, corporate transactional work, including project finance, securities, structured finance, or public finance law. Advanced skills in managing multiple concurrent projects or transactions, with accountability for tracking timelines, deliverables, and follow-ups. Proven ability to communicate clearly and professionally in both written and verbal formats with internal stakeholders and external parties. The Strongest Candidates Will Have/Be A commitment to NFF's mission, values, and approach to community impact. A learning orientation and curiosity about business and lending strategies, with an interest in CDFIs and their role in nonprofit financing. Strong organizational, process-driven, and detail-oriented work habits, with the capability to manage competing priorities in a fast-paced environment. A self-starter mindset with high personal accountability, coupled with a collaborative spirit in working with a mission-driven team. Exceptional interpersonal and client-facing communication skills, including building trust and effectively working with stakeholders at all levels. The ability to work independently and effectively in a remote environment, fostering relationships across various geographies and time zones. Sound judgment, integrity, discretion, and the ability to maintain confidentiality of sensitive information. Comfortability using online collaboration tools and business systems, including Salesforce and Microsoft Office. Benefits and Compensation NFF offers an attractive benefits package including up to twenty (20) paid holidays/business closure days, three (3) floating holidays, flexible time off, group medical insurance with a funded health reimbursement account, dental and vision plans, life and disability insurance, a retirement plan with non-elective employer contributions (4%) and additional matching contributions (2%), a "work from home" fund, and flexible spending accounts for health, dependent care, and commuter costs. This is an exempt, full-time role with a salary range of $99,500 - $110,600. Compensation offers will be based on the candidate's background and relevant experience, ensuring fairness and internal equity. In line with our strong commitment to equity and growth, NFF does not negotiate compensation offers. NFF is an equal opportunity employer, committed to diversity and does not discriminate against any applicant or employee based on race, color, religion, sex, national origin, disability, genetic information, age, or military or veteran status to the extent required by federal law. NFF also complies with applicable state and local non-discrimination laws in every jurisdiction where our facilities are located. We provide reasonable accommodations to qualified individuals with disabilities according to applicable laws. Note that NFF does not employ individuals situated outside of the United States.