Position: Loan Officer
Location: Any of NFF’s office locations (Boston, Los Angeles, New York, Oakland, and Philadelphia); remote locations will be considered
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.
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 a Loan Officer to join our underwriting team. The Loan Officer 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 ways that reflect our community-centered approach in a timely and expeditious manner. The Loan Officer 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 any NFF office. NFF’s five offices are open and staff currently have the option, but are not required, to work from the office up to three days a week.
The Loan Officer will report to the Director, Underwriting who is based in Philadelphia, PA.
Primary Duties and Responsibilities:
Essential Requirements for Education and/or Experience:
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 $85,000. NFF also provides an attractive benefits package that includes health insurance, retirement plan, paid time off, standard holidays, and commuter benefits.
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.