Director of Lending

    Published
    May 22, 2019
    Location
    Chicago, Detroit, Wilmington or Lansing

    Description

    Cinnaire is seeking a Director of Lending for its new Community Development lending program, a key driver of future growth for the organization. This search represents an opportunity to join this national leader in community development finance as it continues to build out a new community lending program in newly targeted communities in the Great Lakes and Mid-Atlantic regions. Since its founding in 1993, Cinnaire has expanded to close to 100 team members with 7 offices and programs in 9 states, partnering with community organizations to support creation/retention of 81,000 Jobs, 653 affordable housing projects, and improving lives of 97,000 low- and moderate-income Individuals. For more information about the organization, please visit www.cinnaire.com.
    The Director of Lending (DL) is a new position which is being created to provide leadership to all community development loan origination activities with initial focus on the Wilmington, Delaware, Detroit, Michigan and La Crosse, Wisconsin markets. The new program is intended to focus on smaller affordable housing projects and other community development projects, such as community facilities which are not served by other existing programs. The DL provides critical support on setting community lending direction/policies, on issues related to affordable housing lending, and on developing additional community lending product offerings to better meet target needs. The Director of Lending can be based in any of the cities where Cinnaire has an office ( Detroit, Wilmington, Madison, Grand Rapids, Lansing, Indianapolis, Chicago)//The position will require some regular travel to the target cities.

    REQUIREMENTS
    • Demonstrated competency in community development and non-profit lending, cash flow and project analysis, underwriting, structuring and lending policies and procedures.
    • Demonstrated competency in affordable multifamily lending,
    • Thorough understanding of nonprofit and real estate development financial statements.
    • Highly-organized and detail oriented.
    • Ability to communicate effectively and work collaboratively in a multicultural environment.
    • High-level written and oral communication and presentation skills
    • 7-10 years of experience in community facilities and/or affordable housing that includes knowledge of non-profit & developer issues, cash flow & project analysis, & underwriting and portfolio management.
    • MBA or MA preferred, preferably in business, accounting, finance, community development, or urban planning. A BA plus five years additional relevant experience may substitute for an advanced degree.
    • 3-5 years hands-on supervisory experience required.
    • Previous management experience in a mature CDFI preferred.
    • Recognized collaborative management style, with the ability to manage, motivate, and grow a professional team.

    COMPENSATION
    The position carries a competitive salary with growth potential, as well as a comprehensive benefits package.

    For more information, please contact our search consultant, David Erickson-Pearson at 303-703-6165, or epdavid@earthlink.net. To apply, please submit resume, cover letter and salary requirements to epdavid@earthlink.net.