Senior Director, Underwriting & Loan Administration

Senior Director, Underwriting & Loan Administration

LISC is one of the country's largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans, and equity and by providing technical assistance and capacity building to locally rooted organizations that carry out the work in communities.

About This Role

As a Senior Director, Underwriting & Loan Administration with a passion for community development, you'll lead LISC Strategic Investments' credit strategy, underwriting, and loan administration. This pivotal role combines your extensive experience in real estate and small business lending with your commitment to social impact finance to oversee a diverse portfolio of real estate and small business loans at around 840M AUM.

You'll leverage your 10+ years of non-consumer lending expertise, including significant experience with LIHTC deals and affordable housing, to manage a portfolio of loans ranging from $1-10M. Your focus will be on real estate investments and small business opportunities that drive community growth, while maintaining a keen eye for risk mitigation through rigorous processes.

As someone who values impact but understands the importance of risk management, you'll bring a balanced approach to our credit culture. You're not afraid to say "no" when necessary, but you excel at identifying ways to further mitigate risks to make deals work. Your deep understanding of credit risk assessment, portfolio management, and community development finance will be crucial in shaping our organization's lending policies and ensuring the sustainability of our mission-driven investments.

Leading a team of skilled professionals, you'll foster a culture of analytical rigor, ethical decision-making, and process adherence. You'll enforce a structured approach to risk mitigation, ensuring all team members follow established processes meticulously. Your experience with underwriting, loan administration, and tax credit incentive programs will be invaluable as we navigate complex financial landscapes to maximize our social impact.

This role offers the opportunity to apply your advanced financial analysis skills and strategic thinking to real-world challenges in community development. The role will be focused on maintaining a balanced portfolio through careful risk assessment. Your ability to communicate complex credit issues to diverse stakeholders from borrowers and investors to community partners will be key to our success.

If you're ready to leverage your extensive credit and underwriting leadership experience to make a meaningful difference in communities, while managing a loan portfolio and mentoring the next generation of community development finance professionals, we want to hear from you. Join us in our mission to create lasting positive change through innovative, responsible, and process-driven lending practices.

Responsibilities

Credit Strategy and Risk Management (45%)

• Manage the credit approval process
• Develop and implement credit policies and procedures
• Oversee risk assessment for the loan portfolio
• Establish credit risk appetite and tolerance levels
• Monitor market trends and adjust credit strategy accordingly
• Provide strategic input on new Fund development and lending initiatives
• Collaborate with originations team to structure complex deals

Portfolio Management and Underwriting (35%)

Process Optimization (10%)

Team Leadership and Development (10%)

Qualifications

Compensation

LISC offers a competitive salary $154,236-$196,651 and excellent fringe benefits

Our benefits include :

Medical, Dental, Vision Coverage : Comprehensive health plans for you and your family's well-being; Disability Insurance : Long-term and short-term coverage for peace of mind; Retirement Savings : Secure your future with our 401(k) and 403(b) plans; Generous Holidays : Enjoy ample time off to recharge and celebrate; Vacation, PTO, and Sick Days : Take advantage of flexible time-off policies to maintain work-life balance; Tuition Assistance : Pursue your educational goals with support from our tuition assistance program; Referral Program : Earn rewards for referring qualified candidates to join our team; Professional Development Opportunities : Grow and advance in your career with access to ongoing training and development programs tailored to your goals.

LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.

We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.