Senior Director, Underwriting & Loan Administration

Background

LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans and equity–and by providing technical assistance and capacity building–to locally rooted organizations that carry out the work in communities.

Summary

As a Senior Director, Underwriting & Loan Administration with a passion for community development, you’ll lead LISC Strategic Investments’ credit strategy, underwriting, and loan administration. This pivotal role combines your extensive experience in real estate and small business lending with your commitment to social impact finance to oversee a diverse portfolio of real estate and small business loans at around 840M AUM.

You’ll leverage your 10+ years of non-consumer lending expertise, including significant experience with LIHTC deals and affordable housing, to manage a portfolio of loans ranging from $1-10M. Your focus will be on real estate investments and small business opportunities that drive community growth, while maintaining a keen eye for risk mitigation through rigorous processes.

As someone who values impact but understands the importance of risk management, you’ll bring a balanced approach to our credit culture. You’re not afraid to say “no” when necessary, but you excel at identifying ways to further mitigate risks to make deals work. Your deep understanding of credit risk assessment, portfolio management, and community development finance will be crucial in shaping our organization’s lending policies and ensuring the sustainability of our mission-driven investments.

Leading a team of skilled professionals, you’ll foster a culture of analytical rigor, ethical decision-making, and process adherence. You’ll enforce a structured approach to risk mitigation, ensuring all team members follow established processes meticulously. Your experience with underwriting, loan

administration, and tax credit incentive programs will be invaluable as we navigate complex financial landscapes to maximize our social impact.

This role offers you the opportunity to apply your advanced financial analysis skills and strategic thinking to real-world challenges in community development. Unlike an originator, you’re not deal-crazy, but rather focused on maintaining a balanced portfolio through careful risk assessment. Your ability to communicate complex credit issues to diverse stakeholders – from borrowers and investors to community partners – will be key to our success.

Please apply If you’re ready to leverage your extensive credit and underwriting leadership experience to make a meaningful difference in communities, while managing a sophisticated loan portfolio and mentoring the next generation of community development finance professionals. Join us in our mission to create lasting positive change through innovative, responsible, and process-driven lending practices.

Responsibilities

Credit Strategy and Risk Management (45%)

Manage the credit approval process
Develop and implement credit policies and procedures
Oversee risk assessment for the loan portfolio
Establish credit risk appetite and tolerance levels
Monitor market trends and adjust credit strategy accordingly
Provide strategic input on new Fund development and lending initiatives
Collaborate with originations team to structure complex deals

Portfolio Management and Underwriting (35%)

Run credit committee meetings
Review and initially approve complex loan applications before credit committee
Oversee underwriting and closing process for real estate and small business loans
Lead credit analysis and underwriting activities for complex transactions
Review loan portfolio performance and quality with Asset Management team
Develop and implement loan structure strategies
Conduct periodic portfolio reviews and stress tests

Process Optimization (10%)

Oversee loan closing processes and procedures
Implement systems to improve efficiency and reduce closing times
Standardize documentation and reporting requirements
Maintain quality control standards for loan documentation
Drive continuous improvement in underwriting and closing processes

Team Leadership and Development (10%)

Manage and mentor team members
Oversee training and professional development programs
Conduct performance evaluations and set team goals
Collaborate with other departments to ensure smooth operations
Represent the credit department in executive meetings

Requirements

Bachelor’s degree in Finance, Economics, Business, or related field from an accredited college or university; MBA or similar advanced degree preferred or requisite relevant work experience
Minimum ten (10) years of non-consumer lending experience, with at least eight (8) years in a leadership role, preferable in banking/finance or community development
Extensive knowledge of real estate investment and small business lending, including familiarity with loans in the $1-10M range, and preferably in affordable housing
Demonstrated commitment to and passion for community development and social impact finance
Expert in credit risk assessment and mitigation strategies
Strong leadership skills with experience managing and mentoring teams of 6 professionals
Advanced underwriting and financial analysis skills, including proficiency in evaluating income statements, balance sheets, and impact metrics
Excellent communication and relationship-building skills, particularly in working with diverse stakeholders including borrowers, investors, and community partners
Substantial experience in managing loan defaults, restructurings, and work-outs in community development contexts
Familiarity with tax credit incentive programs such as Historic Tax Credits (HTC), Low-Income Housing Tax Credits (LIHTC), or New Markets Tax Credits (NMTC)
Proficiency in portfolio management software and data analytics tools

Compensation and Benefits

LISC offers a competitive salary (Tier 1-$159,400-$199,300) (Tier 2-$143,500-$179,400) (Tier 3-$127,600- $159,400) and excellent fringe benefits. This position is expected to travel less than once per month, up to 15% annually.

*Actual salaries may be based on several factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications.

Our benefits include:

Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family’s well-being; Disability Insurance: Long-term and short-term coverage for peace of mind; Retirement Savings: Secure your future with our 401(k) and 403(b) plans; Generous Holidays: Enjoy ample time off to recharge and celebrate; Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance; Tuition Assistance: Pursue your educational goals with support from our tuition assistance program; Referral Program: Earn rewards for referring qualified candidates to join our team; Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals.

How to Apply

Please apply at link below

https://grnh.se/f6de9d235us