View Our Website View All Jobs

Associate Director, Underwriting

Position: Associate Director, Underwriting 

Location: This position will be based out of either our Los Angeles or Oakland office; however, we will consider other NFF office locations including remote locations. 

Department: Financial Services   

The COVID crisis and the uprising for racial justice have shone national light on both the urgent work required to build a more just and vibrant society for all Americans and the potential for positive action when our communities mobilize. In most cases, these efforts are spearheaded by nonprofits, community organizations, and their heroic staff who deliver essential services like affordable housing, social justice advocacy, health, youth development, and the arts. Yet these nonprofits and the communities they support operate within a flawed, inequitable funding system that controls their access to resources, impeding their ability to make a difference.     

Nonprofit Finance Fund (NFF) is setting out to change that. We know that nonprofit leaders have power when they have access to capital and financial knowledge. Our strategy focuses on helping to shift that power by changing funding and financing practices so more money flows equitably and with less restriction to community-centered organizations led by and serving people of color, so they can be the drivers of their own change.    

Read about our commitment to Diversity, Equity, and Inclusion here.  

 

Position Summary: 

NFF’s Financial Services team provides nonprofit organizations with capital for their facilities and operational needs. We are committed to ensuring communities of color and their leaders have access to and control of the capital they need to meet their goals. We do this by partnering with organizations to ensure our financing products meet their needs now and as they evolve over time.  

We are seeking an Associate Director, Underwriting to join our underwriting team. The Associate Director, Underwriting will play a central role in the growth and expansion of NFF’s financing business nationally. They will structure, underwrite, and close loans and New Markets Tax Credit (NMTC) transactions, working closely with other members of the Financial Services team to ensure NFF is deploying needed capital in a timely and expeditious manner. The Associate Director, Underwriting will partner internally to support meeting budgeted goals, contribute to process improvements, develop networks, and help ensure NFF’s financing is aligned with its mission and strategy. This role will be critical in driving projects forward from early-stage conversations through to closing while managing client and internal relationships throughout all points of the process. The position will contribute to our strategic direction of supporting community-centered nonprofits led by and serving people of color. 

This position will be based out of either our Los Angeles or Oakland office; however, we will consider other NFF office locations including remote locations.Though we are currently working remotely and will not require attendance in any office until Summer 2021 at the earliest. 

The Associate Director, Underwriting will report to the Director, Underwriting who is based in Philadelphia, PA. 

 

Primary Duties and Responsibilities: 

  • Nurture relationships with clients and support them throughout the loan process. 

  • Assist in business development activities, including early-stage client visits, meetings with lending partners, and conversations and attendance at external events. 

  • Conduct and prepare initial analysis of loan viability, structure and negotiate loan terms that reflect the needs of clients, and issue term sheets. 

  • Underwrite complex financings, including tax credit transactions and loans with multiple lenders, and present to credit committee(s) for approval. 

  • Manage closings, including drafting commitment letters and reviewing closing diligence and legal documents for consistency with key business terms. 

  • Build NFF’s brand by representing NFF externally on panels, webinars, with lending partners. 

 

Essential Requirements for Education and/or Experience: 

  • You have a minimum of seven years of relevant professional work experience 

  • You have a strong relationship-building approach with the ability to center the needs of clients and communities while balancing credit decisions 

  • You have strong analytical skills and can present complex analytics in an accessible manner  

  • You have excellent organizational skills and attention to detail  

  • You possess excellent project management skills  

  • You are a self-starter who can move complex projects forward without heavy oversight 

  • You have a solutions-based mindset and approach 

  • You are flexible, adaptable, and willing to pivot on short notice to meet the organization’s needs 

  • You are proficient with Microsoft Office Suite and Salesforce (strongly preferred) 

  • You have experience structuring, underwriting, and closing NMTC transactions (strongly preferred) 

  • You have experience in one or more NFF’s core sectors -- charter schools, community health centers, human services, and supportive housing (strongly preferred) 

  • You embody NFF’s mission, core values and commitment to equity 

  

Compensation: 

At NFF, we are invested in discussing the depth and breadth of each candidate’s background and experience during the interview process and using that information to determine the best offer. The salary range for this position begins at $105,000. NFF also provides an attractive benefits package that includes health insurance, retirement plan, paid time off, standard holidays, and commuter benefits. 

 

Please Note: 

All salaries are commensurate with experience and include an attractive benefits package. 

Nonprofit Finance Fund is committed to diversity, equity, and inclusion in its workforce. We encourage candidates that will help us live out this commitment to apply. 

NFF is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, national origin, disability, genetic information, age, or military or veteran status in accordance with federal law. In addition, NFF complies with applicable state and local laws governing non-discrimination in employment in every jurisdiction in which it maintains facilities. NFF also provides reasonable accommodation to qualified individuals with disabilities in accordance with applicable laws. 

This job posting provides a general list of the essential responsibilities and qualifications required for this position. It does not represent a contract for employment and NFF reserves the right to change the description and/or posting at any time without notice. 

When applying, please DO NOT include any of the following information with your job application: Social Security number; driver's license number or state-issued identification card number; financial account number, or credit or debit card number. 

Read More

Apply for this position

Required*
Apply with Indeed
We've received your resume. Click here to update it.
Attach resume as .pdf, .doc, .docx, .odt, .txt, or .rtf (limit 5MB) or Paste resume

Paste your resume here or Attach resume file

To comply with government Equal Employment Opportunity and/or Affirmative Action reporting regulations, we are requesting (but NOT requiring) that you enter this personal data. This information will not be used in connection with any employment decisions, and will be used solely as permitted by state and federal law. Your voluntary cooperation would be appreciated. Learn more.
Gender
Race/Ethnicity

Invitation for Job Applicants to Self-Identify as a U.S. Veteran
  • A “disabled veteran” is one of the following:
    • a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or
    • a person who was discharged or released from active duty because of a service-connected disability.
  • A “recently separated veteran” means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.
  • An “active duty wartime or campaign badge veteran” means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.
  • An “Armed forces service medal veteran” means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.
Veteran status
I IDENTIFY AS ONE OR MORE OF THE CLASSIFICATIONS OF PROTECTED VETERAN LISTED ABOVE
I AM NOT A PROTECTED VETERAN
I DON’T WISH TO ANSWER

Voluntary Self-Identification of Disability
Voluntary Self-Identification of Disability Form CC-305
OMB Control Number 1250-0005
Expires 5/31/2023
Why are you being asked to complete this form?

We are a federal contractor or subcontractor required by law to provide equal employment opportunity to qualified people with disabilities. We are also required to measure our progress toward having at least 7% of our workforce be individuals with disabilities. To do this, we must ask applicants and employees if they have a disability or have ever had a disability. Because a person may become disabled at any time, we ask all of our employees to update their information at least every five years.

Identifying yourself as an individual with a disability is voluntary, and we hope that you will choose to do so. Your answer will be maintained confidentially and not be seen by selecting officials or anyone else involved in making personnel decisions. Completing the form will not negatively impact you in any way, regardless of whether you have self-identified in the past. For more information about this form or the equal employment obligations of federal contractors under Section 503 of the Rehabilitation Act, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

How do you know if you have a disability?

You are considered to have a disability if you have a physical or mental impairment or medical condition that substantially limits a major life activity, or if you have a history or record of such an impairment or medical condition. Disabilities include, but are not limited to:

  • Autism
  • Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, or HIV/AIDS
  • Blind or low vision
  • Cancer
  • Cardiovascular or heart disease
  • Celiac disease
  • Cerebral palsy
  • Deaf or hard of hearing
  • Depression or anxiety
  • Diabetes
  • Epilepsy
  • Gastrointestinal disorders, for example, Crohn's Disease, or irritable bowel syndrome
  • Intellectual disability
  • Missing limbs or partially missing limbs
  • Nervous system condition for example, migraine headaches, Parkinson's disease, or Multiple sclerosis (MS)
  • Psychiatric condition, for example, bipolar disorder, schizophrenia, PTSD, or major depression
Please check one of the boxes below:

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.

You must enter your name and date
Your Name Today's Date
Human Check*