Director of Lending

Company: Evernorth

Location: Portland, ME

Job Function: Finance


Evernorth is a nonprofit organization that serves the low and moderate income people of Maine, New Hampshire and Vermont with affordable housing and community investments.  Evernorth is deeply knowledgeable of local markets, has close connections with local and regional organizations, and understands the policy and regulatory framework guiding affordable housing and community development across northern New England. With offices in Portland, Maine and

Burlington, Vermont Evernorth brings together experienced professional staff to raise capital, invest in and build affordable housing, strengthen our economy, and improve our environment through energy efficiency. Evernorth has raised and deployed over $1B in equity capital for affordable housing and built more than 16,000 affordable homes and apartments for low and moderate income people across northern New England.


About the job

Evernorth is hiring a Director of Lending that will be responsible for supporting the mission-based goals and managing the operational needs of Evernorth’s growing lending business. This position will support capital raising and lending product deployment that will respond to the needs of Northern New England’s affordable housing and community development ecosystem.

Evernorth Loan Fund is an emerging line of business and its new Director’s goals will be understanding and creating new systems, building successful teams and working toward a 5 years goal to achieve a sustainable lending business for Evernorth.

Come join us to work in collaboration and partnership with our Executive Vice President, Senior Management Team and others to develop and manage processes and procedures as well as strengthen and grow our lending business. This is a supervisory role that will work on our Management Team as a leader in our organization.

Evernorth is mission driven, relationship centric, inclusive and acts with integrity to support our partners across Maine, New Hampshire and Vermont. Join our growing team! We are looking forward to meeting you in person!

Evernorth is an equal opportunity employer.


What you will do:

Loan Fund Development and Growth

  • Develop and execute a five-year Loan Fund business plan including the establishment of fundraising, capital raising and loan fund deployment targets;
  • Track and report on Loan Fund performance including annual fundraising and capitalization, capital deployment and profitability.
  • Track and match capital availability and funding needs to guide the origination and management of a robust loan pipeline.
  • Develop annual department goals.
  • Support the effort to originate, underwrite, and approve loans.
  • Track and report on loan pipeline from origination to payoff.

Loan Fund Capitalization

  • Identify fund capitalization opportunities including Treasury (CDFI) funding, philanthropic grants, program related investments (PRIs) and other investment capital, and manage the fundraising process.
  • Under the leadership of the President and Chief Financial Officer, coordinate the process of writing and submitting an application for Evernorth Loan Fund to become a CDFI.
  • Track and report on capital requests, awards, deployment.

Loan Fund Operations, Administration & Compliance

  • Maintain a working knowledge of the structuring, servicing and risk issues of the loan products currently offered by the Evernorth Loan Fund
  • Oversee the scheduling of Credit Committee and Loan Committee meetings. Assemble committee packages and attend the meetings.
  • Develop and implement loan portfolio administration policies and procedures, including enhancing existing systems and procedures as necessary.
  • Develop and manage a loan pipeline reporting and loan portfolio systems.
  • Oversee compliance with and reporting to external funders including Loan fund investors, Treasury, and others.
  • Oversee compliance with the U.S. Department of Treasury’s CDFI Fund’s requirements to keep the Loan Fund in good standing.
  • Collaborating with the COO and Finance, fully implement The Executive Assistant (TEA) used to service, track and report on the loan portfolio.
  • Prepare for and evaluate readiness to secure AERIS CDFI loan reporting system rating.

Loan Fund Staff Management

  • Oversee Senior Loan Administrator and/or support other staff in underwriting, approval processing and closing of loans.
  • Delegate appropriately to the Senior Loan Administrator including overseeing and managing delegated functions
  • Evaluate growth and resources needs and hire additional staff as necessary.

Team & Culture

  • Maintain high standards of confidentiality and professionalism.
  • Uphold corporate principles of respect, service, value, and partnership.
  • Carry out other duties as assigned.
  • Serve on the Evernorth Management Team. The Management Team fosters effective and consistent communication to support Evernorth’s goals, improve productivity and foster peer learning. The Management Team provides support to staff, one another and the Senior Management Team.


What you will need to have:


  • Bachelor’s Degree.
  • Valid driver’s license and insurance


  • Minimum five years’ management experience – preferably in real estate and affordable housing finance and/or mission-focused organizations.
  • Minimum five years’ experience in lending, preferably to affordable housing and/or community development projects.
  • Experience managing business relationships.
  • Knowledge of tax-incented financing programs, financial modeling, and commercial underwriting.
  • Proficiency in Microsoft Office 365, Outlook and SharePoint.


  • Excellent written and verbal communication skills.
  • Strong organizational, analytical, and critical thinking skills.
  • Solution -oriented and excellent problem solver.
  • Ability to work effectively with a wide variety of professionals in different locations by video, phone, email, and in person.
  • Ability to build and sustain excellent processes.
  • Ability to take initiative and respond quickly to shifting work priorities, including balancing multiple priorities with sensitive timelines.
  • Ability to work well independently and as a team member.

Job Preferred Skills:

  • Working knowledge of loan servicing software.
  • CDFI experience.

Compensation and Benefits

Healthcare, dental, vision, STD, LTD, 403b with Match, paid time off, paid holidays, paid family leave, paid volunteer time, and more!

How to Apply