Credit Officer

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Full Time Professional Atlanta, GA, US

5 days ago Requisition

Salary Range: $ To $ Annually

The Low Income Investment Fund is a non‑profit community development financial institution, which mobilizes capital and partners to achieve opportunity, equity and well‑being for people and communities. LIIF innovates financial solutions that center racial equity to create more equitable outcomes for all by building and preserving affordable homes, quality educational opportunities from early childhood through higher education, health clinics, healthy food retail and community facilities.

In this way, LIIF provides a bridge between private capital markets and communities. LIIF’s headquarters is in San Francisco and has offices in Los Angeles, New York, Atlanta, and Washington D.C.

Working under the direction of the Chief Credit Officer, the Credit Officer will manage and support the growing credit needs of the Low Income Investment Fund. The position will initially function as an individual contributor while playing a key role in designing the structure, workflows and processes for the Credit and Asset Management team. Within approximately six months, this position will assume direct supervisor responsibilities for assigned team members.

The Credit Officer will help manage the flow of credit within the organization, including new loan approvals as well as approvals of modifications and extensions to the existing loan portfolio. The Credit Officer will also support all functions related to the execution of Credit responsibilities within the organization, including supervision of the Special Attention Loan portfolio, the annual update to the loan loss reserve qualitative analysis, and management of the Risk Rating Model and the Lending Manual.

The Credit Officer will also manage and/or support ongoing and ad hoc Credit and cross‑departmental projects supporting the Strategic Plan and the growth of the organization. The Credit Officer will, alongside the Chief Credit Officer, support the Internal Loan Committee and the Lending Risk Committee, work with the Finance team, the Legal team, including Compliance, and Program and National Lending Initiatives Teams as needed.

The Credit Officer will report to the Chief Credit Officer.

The Credit Officer is responsible for working with the Chief Credit Officer to support the approval of credit functions as outlined in the Loan and Asset Concentration Policy and delegations; all functions supporting the execution of credit including oversight of the Special Attention Loan portfolio, annual updates to the loan loss reserve qualitative analysis, the risk rating model, and the Lending Manual;

developing the framework, processes, and performance expectations of the Asset Management team; overseeing and managing the Deputy Director of Asset Management; and working with internal stakeholders on initiatives involving the Credit team.

Under guidance from the Chief Credit Officer, the Credit Officer will help manage the review and approval process for new loans and the modification/extension of the existing loan portfolio. The Credit Officer will:

• Work with Originations and Asset Management staff to provide guidance in support of structuring and underwriting transactions to successfully achieve the stated goal/impact within acceptable risk parameters;
• Work with the Chief Credit Officer, Chief Lending Officer, and other relevant stakeholders to assess and update guidelines and procedures that Originations staff will follow in order to present previews and loan approval requests to Credit, and secure initial and final credit approval for the transactions from the Chief Credit Officer and/or Internal Loan Committee and Lending Risk Committee;
• As needed, work with the nCino Team to update guidelines for Originations and Asset Management staff to adhere to when submitting new loan and modification approval…