SVP for Commercial Lending

Upper Manhattan Empowerment Zone

Posted: 10/15/2020

Position Type: Full-Time (Paid)

Function: Business Development

Primary domain: Other

City: New York

Postal code: 10027

State: New York

Country: United States

Organization Information:

Budget:

$1M - $3M

Website:

www.umez.org

Mission statement:

The mission of the Upper Manhattan Empowerment Zone Development Corporation (UMEZ) is to sustain the economic revitalization of all communities in Upper Manhattan through job creation, corporate alliances, strategic investments and small business investments.  UMEZ facilitates economic development in the neighborhoods of Central, East and West Harlem, Washington Heights; and Inwood. UMEZ is an independent not-for-profit corporation created in 1995 and has invested $250 million in the Upper Manhattan community, leveraging over $1.1 billion in private capital, and has funded 100 small businesses. UMEZ is a recognized Community Development Financial Institution (CDFI) with over $80 million in assets.  UMEZ is proud to be certified by the U.S. Department of the Treasury’s CDFI Fund as a part of a national network promoting economic growth by financing businesses, creating jobs, and rebuilding neighborhoods.

Position Details:

Job Description:

Summary: Under the direction of the President and CEO, the Senior Vice
President for Commercial Lending will manage and provide direction for all
lending programs and lending staff. He or she must have a strong background in lending
and will be responsible for identifying and expanding lending opportunities in
UMEZ’s service area.



 Essential Duties and Responsibilities: Include the following and other
duties may be assigned:



  • ·Manage loan sourcing and origination as well
    as oversee elements of loans closing processes; Supervise and provide
    oversight to ensure that loan staff gathers and verifies client application
    information, including site visits when necessary.
  • Manage the growth and quality of loan
    portfolio and assist in the development of strategic partnerships with
    community-based organizations, banks and other referral partners.
  • Determine the derivation and adequacy of the
    proposed loan repayment source, taking into account project financials and sponsor’s
    overall asset and liquidity position.
  • Manage execution of new and existing lending
    programs, including pipeline development and marketing.
  • Oversee monitoring and tracking of loan
    programs, key operational and social impact metrics for various stakeholders.
  • Oversee, train and assist junior staff with
    investment proposals, financial statement analysis, financial modeling and
    due diligence.  Provide regular staff
    performance assessments and training where needed.
  • Make presentations to the Loan Committee and
    participate in the preparation of program loan documents

















This
is a full-time position.


Note:
Due to the current COVID-19 Pandemic, some work may be organized remotely on
a temporary basis. This is not a
remote-work position.

SALARY RANGE:




The salary for this position is
commensurate with experience.


BENEFITS:




The benefit package includes
medical, dental and vision insurance as well as a 401K plan.









Qualifications:

  • 5-7 years managerial experience is required
  • Demonstrated experience in community economic development lending, management and/or financing.
  • Ability to understand and analyze various financial models.
  • Formal credit training with supervisory experience is required.
  • 3-5 years commercial real estate senior/subordinate construction lending experience is preferable. (Residential mortgage origination is not a substitute for this experience.)
  • NYC Affordable housing program knowledge is a plus.
  • Excellent oral and written communications skills.
  • Community residence and/or familiarity with the Upper Manhattan community preferred.
  • Fluency in MS Office suite (Excel, Word, PowerPoint) and SharePoint

  PERSONAL CHARACTERISTICS

  • ·An energetic and resourceful person with a strong interest in community engagement
  • A self starter; a team player; a strategic thinker; a creative problem solver.

LANGUAGE SKILLS

Bi-Lingual, English and Spanish, a plus but not necessary

EDUCATION

 Undergraduate degree in business or a related field; MBA preferred

SUPERVISORY RESPONSIBILITIES

Supervises the lending team

Benefits:

Not Specified

Salary:

Commensurate with Experience

Posting Expiration Date:

12/14/2020

How to Apply:

Interested candidates should e-mail or mail a resume and cover letter to:

Danessy Pico

Human Resources Manager

55 West 125th Street, 11th Floor

New York, New York 10027

[email protected]

Attn: Senior Vice President for Commercial Lending     

No Phone Calls or Faxes Please


 

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