Director of CDFI Portfolio Finance
National Housing Trust, Washington, District of Columbia, United States
The Director of CDFI Portfolio Finance will be part of NHT’s Lending Team, reporting to the Managing Director of Lending and Innovation and closely collaborating with NHT’s Director of CDFI Asset Management.
The Director of CDFI Portfolio Finance will supervise the Loan Fund Specialist.
This is a newly created position that will serve as a hub between NHT’s finance team, CDFI Asset Management and CDFI Originations, and play a central role in supporting CDFI leadership’s strategic priorities. This is a unique opportunity for an early mid-career professional to work directly with the Managing Director to oversee capital management, touch many parts of CDFI operations, and be a part of strategic decision-making.
This position is DC-based and qualifies for a hybrid work schedule.
RESPONSIBILITIES
Work with the NHT Finance Team to oversee cashmanagement, including allCDFIbank accounts and compliance with all investor covenants. Maximizes return on undeployed cash and ensures cash availability for upcoming loan closings. Work with Loan Fund Specialist to ensure creation and accuracy of monthly portfolio reports, including liquidity report to show capital availability anddashboard withsummary financials. Develop and maintain a loan pricing model. Manage draw requests and principal repayments to investors in coordination with the finance team. Serve as the Lending Team’s primary point of contact for providing information needed in the annual preparation of audited financial statements. In collaboration with NHT’s Finance team and the Loan Fund Specialist, prepare initial Provided-By-Client items submitted to auditors, including loan confirmations. Furnish information needed to address follow-up questions from auditors and open Items in a timely manner. Participate in regular update calls during audit process, as needed. Support NHT consolidated audit process by providing and coordinating relevant lending team information. Serve as lead contact with borrowers of performing loans to engage and monitor expected repayments and modifications. Serve as financial contact as needed with external lenders and other loan-related external parties. Collaborate with NHT Finance Team maintaining Lending cash flow projections. In partnership with the Impact and Invest Manager and Staff Accountant, review and provide financial information for reporting to investors, the CDFI Fund,and Opportunity Finance Network. Support the Managing Director of Lending in the preparation of the annual budget and quarterly budget reforecast as well as ongoing cash flow projections. Provide accurate and timely information to internal stakeholders, including Finance and the Impact and Investment Manager, as needed. Perform additional related duties, as required. DOES THIS SOUND LIKE YOU?
Bachelor’s degree with a Business, Accounting, or Finance focus or equivalent relevant experience. At least 5 years of relevant experience in non-consumer lending, finance, community economic development, or equivalent relevant experience. Working knowledge of real estate lending preferred. Demonstrated understanding of financial statement analysis. Ability to interpret loan documentation. Ability to develop and maintain relationships with borrowers and colleagues. Strong written and verbal communication skills. Detail oriented and able to self-manage daily activities and deadlines. Proficiency in spreadsheet programs and CRM software, including Excel and Salesforce; PowerBI knowledge a plus. Strong commitment to NHT’s mission. Comfortable working in organizations that prioritize teamwork and collaboration. Demonstrated value for teamwork and investment in the professional development of colleagues. Sensitivity to the needs of low-wealth borrowers and a commitment to working in a racially and socially diverse team. COMPENSATION
Salary and benefits are competitive and commensurate with experience. The salary range for this position is $101,284.00 to 125,104.00.
#J-18808-Ljbffr
Work with the NHT Finance Team to oversee cashmanagement, including allCDFIbank accounts and compliance with all investor covenants. Maximizes return on undeployed cash and ensures cash availability for upcoming loan closings. Work with Loan Fund Specialist to ensure creation and accuracy of monthly portfolio reports, including liquidity report to show capital availability anddashboard withsummary financials. Develop and maintain a loan pricing model. Manage draw requests and principal repayments to investors in coordination with the finance team. Serve as the Lending Team’s primary point of contact for providing information needed in the annual preparation of audited financial statements. In collaboration with NHT’s Finance team and the Loan Fund Specialist, prepare initial Provided-By-Client items submitted to auditors, including loan confirmations. Furnish information needed to address follow-up questions from auditors and open Items in a timely manner. Participate in regular update calls during audit process, as needed. Support NHT consolidated audit process by providing and coordinating relevant lending team information. Serve as lead contact with borrowers of performing loans to engage and monitor expected repayments and modifications. Serve as financial contact as needed with external lenders and other loan-related external parties. Collaborate with NHT Finance Team maintaining Lending cash flow projections. In partnership with the Impact and Invest Manager and Staff Accountant, review and provide financial information for reporting to investors, the CDFI Fund,and Opportunity Finance Network. Support the Managing Director of Lending in the preparation of the annual budget and quarterly budget reforecast as well as ongoing cash flow projections. Provide accurate and timely information to internal stakeholders, including Finance and the Impact and Investment Manager, as needed. Perform additional related duties, as required. DOES THIS SOUND LIKE YOU?
Bachelor’s degree with a Business, Accounting, or Finance focus or equivalent relevant experience. At least 5 years of relevant experience in non-consumer lending, finance, community economic development, or equivalent relevant experience. Working knowledge of real estate lending preferred. Demonstrated understanding of financial statement analysis. Ability to interpret loan documentation. Ability to develop and maintain relationships with borrowers and colleagues. Strong written and verbal communication skills. Detail oriented and able to self-manage daily activities and deadlines. Proficiency in spreadsheet programs and CRM software, including Excel and Salesforce; PowerBI knowledge a plus. Strong commitment to NHT’s mission. Comfortable working in organizations that prioritize teamwork and collaboration. Demonstrated value for teamwork and investment in the professional development of colleagues. Sensitivity to the needs of low-wealth borrowers and a commitment to working in a racially and socially diverse team. COMPENSATION
Salary and benefits are competitive and commensurate with experience. The salary range for this position is $101,284.00 to 125,104.00.
#J-18808-Ljbffr