Program assistant serp_jobs.h1.location_city

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.

Position Description

The Jacksonville office of Local Initiatives Support Corporation (LISC) seeks a skilled lending professional with a passion for strengthening communities to fill the position of Program Officer for Lending. The Program Officer will serve as the primary business developer and originator of loans that support LISC Jacksonville's community development priorities - affordable housing, community economic development, equitable neighborhood development, and financial opportunity. This position reports to the local Executive Director and is responsible for the sourcing, underwriting, and administration of LISC's pre-development, acquisition, construction, permanent, and bridge financing loans for real estate development in Jacksonville, as well as working capital loans and lines of credit.

Primary activities will include : identifying project opportunities, vetting of projects and assessing financing needs, structuring creative financing solutions, providing technical assistance to current and prospective local borrowers, developing key relationships and partnerships with other local CDFIs, national LISC teams, and LISC affiliates, as well as informing the local lending strategy. The Program Officer will also collaborate with other local LISC non-lending staff who are engaged in complementary activities to address our community development priorities.

Responsibilities

• Build effective working relationships with current and prospective borrowers, with national LISC teams, and with LISC affiliates.
• Meet with current and prospective borrowers to build a pipeline of loans in Jacksonville, which may include such asset classes as affordable housing, commercial and mixed-use real estate, community facilities, educational facilities, lines of credit and working capital loans.
• Serve as primary originator and initial underwriter for local financing transactions
• Work with borrowers and national LISC staff as necessary to assess feasibility, structure financing transactions, conduct due diligence and financial analyses, draft credit memoranda, and present loan recommendations to LISC's local and national Credit Committees and the LISC Board of Directors, as applicable.
• Work with local and national LISC staff to provide technical assistance to community development organizations on the full-cycle of activities related to lending and real estate development, including providing technical assistance (direct and through referrals) and identifying appropriate LISC resources, as needed.
• Work with national LISC Lending and Legal staff to manage timely loan closings, including coordinating the preparation of commitment letters, negotiating key business terms, and reviewing due diligence items and loan documents for consistency with key business terms.
• Assist national LISC Asset Management staff to manage the Jacksonville loan portfolio, including requesting project updates, analyzing financial statements, reviewing disbursement requests, and monitoring loan payments and covenant compliance.
• Assist Executive Director with supervision of other local LISC staff, interns and consultants who are engaged in local LISC lending activities; providing guidance and work management
• Participate fully in local LISC staff meetings and activities and develop an understanding of colleagues' activities supporting affordable housing, community economic development, equitable neighborhood development and financial opportunity.
• Assist other local LISC staff with structuring and review of recoverable grants, as needed.
• Develop and manage relationships with other strategic partners, including for-profit and nonprofit financial institutions and local, state, and national governmental subsidy programs, that could support potential complementary capital and permanent financing structures for LISC borrowers.
• Work with local and national LISC staff to provide capacity building support to partners to position their organization to implement real estate developments and other projects in need of capital investment.
• Represent LISC at conferences, trainings, and events.
• Prepare reports and findings for the LAB, investors, funders and other stakeholders, as needed.
• Work with local and national LISC staff on new initiatives as called upon to do so.
• Other duties as assigned.

Qualifications

Compensation

LISC offers a competitive salary ($65,300-$81,600) 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.