President/SVP, Impact Finance Practice – Remote

Background

Southern Bancorp is a different kind of bank. As a Community Development Financial Institution (CDFI), a special certification designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals.  

Summary

This senior leadership role will play a pivotal part in expanding, managing, and holding accountable Southern’s Impact Finance Practice. The leader will oversee the strategic growth of multiple business lines focused on serving underserved markets and customers through specialized loan and investment products, including Small Business Administration (SBA) guaranteed lending, New Market Tax Credits (NMTCs), Low-Income Housing Tax Credits (LIHTC), Home Mortgage, and Renewables/Solar. Several of these business lines (SBA, NMTC, and Home Mortgage) are already established at Southern, while others (LIHTC, Renewables/Solar) will need to be created and staffed. A key focus will be developing high-impact business lines into a strategic practice area that increases the flow of capital to underserved communities. This senior leader will serve as a role model by demonstrating high-performance standards, leveraging data insights strategically, and maintaining rigorous accountability.

Responsibilities

• Expand and/or establish business lines under Southern’s Impact Finance strategy, focusing on building teams that address capital access barriers in underserved markets.
• Guide and manage the strategic growth of the SBA, NMTC, LIHTC, Home Mortgage, and Renewables teams.
• Oversee the Impact Finance practice’s loan and investment portfolio.
• Evaluate and manage risks associated with impact lending and investments.
• Monitor and report on the financial performance and impact of financing activities.
• Recruit, train, mentor, and motivate a team of finance professionals.

Requirements

• Bachelor’s degree in business, finance, banking, or a related field, with 15 years of experience in banking, finance, or a similar area.
• Deep knowledge of SBA, NMTC, LIHTC, mortgage, renewables financing, or related credit issues.
• Proven experience with complex commercial financing, including the use of tax credits.
• Strong commitment to Southern’s mission of driving capital to underserved communities.
• A track record of significant external client relationships and business development expertise.
• Ability to help develop and drive a shared understanding of the long-term vision for organizational success.
• Proven ability to lead effectively through change and to hire and develop talented people.
• Demonstrated success in building new business lines and expanding existing ones.
• Excellent written and verbal communication skills, along with the ability to engage and influence stakeholders at all levels of the organization.
• Must possess and maintain a current, valid driver’s license and a vehicle with appropriate insurance coverage.
• This position is exclusively available to candidates who reside in the following states:  AL, AR, FL, GA, LA, MS, MO, NC, SC, TN or TX.

Compensation and Benefits

A positive impact on Your Future:

• 401(k)/Roth plan with immediate eligibility and employer match up to 6%
• Employee stock ownership plan
• Discounted rate on primary home mortgage
• Credit and housing counseling as well as free financial education tools available to customers and employees

 Benefits to improve your health:

• No deductible medical insurance plan
• Dental and vision insurance
• Employer paid life and long-term disability insurance
• Flexible Spending Accounts

The opportunity to nurture your well-being:

• Paid holidays and paid time off
• Bonus plan
• Opportunity for merit raises
• Employee reward and recognition programs
• Community service opportunities

How to Apply

www.banksouthern.com/careers