Company: Reinvestment Fund
Location: Philadelphia, PA
Job Function: Lending/Loan Operations
About Reinvestment Fund
At Reinvestment Fund, we are dedicated to making a tangible difference in the lives of underserved individuals and communities. Our mission is to foster economic empowerment and wealth-building in historically marginalized areas, ensuring a brighter future for all.
As a federally certified community development financial institution (CDFI), our job is to make finance an agent of positive change and equitable growth. We provide loans, grants and technical assistance to businesses and nonprofits. Our borrowers and grantees educate students, support local economies, and create jobs. They build affordable housing and provide community goods and services that include access to nutritious food, hunger relief, physical and mental health care, and other social services.
Reinvestment Fund provides a flexible work arrangement that is a hybrid home/office work arrangement. It is anticipated that a combination of working remote and 2-3 days per month in a Reinvestment Fund office location will allow for face-to-face interactions. Candidate may be remote but will be expected to travel to meet periodically with team members and for organization-wide staff events (i.e. in person staff meetings or retreats).
About the Position
Join Reinvestment Fund in a mission-driven role as a Senior Director, National Community Facilities Lending. Reinvestment Fund has supported the development of community facilities in historically excluded communities since our founding. This support ranges from directly financing health centers or charter schools in a Reinvestment Fund strategic place-based community such as Philadelphia to an advisory relationship with a nationwide network of youth education programs. As outlined in our 2023-2028 Strategic Plan, Reinvestment Fund is committed to expanding our capacity to lift up what works in our place-based markets by bringing meaningful interventions and impacts on a national scale, through established national networks such as Invest Health or new networks of organizations. We expect that this role will include supporting such aforementioned network partners to ensure their community facility projects maximize benefits from the federal greenhouse gas reduction program and similar climate justice funding that becomes available.
As the Senior Director, National Community Facilities Lending, you’ll be responsible for cultivating client relationships and working with an internal team of cross-function and sector colleagues to identify and build national strategic partnerships with a focus on community facility projects that align with our mission and racial equity goals. Your responsibilities will span client acquisition, underwriting, closing, and disbursement primarily for various community facility loan types including predevelopment, construction, mini-permanent, permanent and bridge loans. Reinvestment Fund’s project borrowers are for-profit and non-profit, with an intentional focus on borrowers owned/led by people of color. These encompass a wide range of initiatives, including arts and culture facilities, charter schools, youth development centers, early childhood education and community health centers. You’ll also originate leverage source loans for New Markets Tax Credit transactions and loans related to Historic Tax Credit financing (permanent and/bridge loans), making a tangible impact on the historically excluded communities that these developed community facilities will serve.
Your role extends beyond volume-driven originations; you’ll ensure that Reinvestment Fund remains deeply accountable to our national partner and community stakeholders. Join us and be at the forefront of creating equity and access to funding for underserved communities across Reinvestment Fund’s national footprint.
- Develop and maintain relationships with national and regional networks of community serving organizations, CDFIs, philanthropic and other community lending partners, leaders and stakeholders, ensuring value alignment.
- Develop pipeline of projects to meet annual and multi-year origination and organization goals.
- Structure loans, negotiate loan terms with potential borrowers, prepare term sheets, underwrite and close potential loans as assigned.
- Review and interpret third party due diligence reports, including appraisals, market assessments, plan and cost reviews, and environmental reports to determine transaction viability, and appropriate loan structure.
- Raise and maintain Reinvestment Fund brand awareness and visibility through national community development business building opportunities and ongoing engagement with borrowers, potential borrowers, and community stakeholders.
- Develop and maintain Reinvestment Fund’s relationships in the community facilities space (i.e., early childhood centers, charter schools, health centers, etc.), including those with operators, consultants and advisors, and other community stakeholders. Work with current and potential customers to develop pipeline of projects and loans for
- Prepare credit approval memos and present them to approval authorities, including Senior Management as required under Loan Policy.
- Support Reinvestment Fund’s Program Services team in ensuring appropriate deployment of and compliance with the terms of U.S. Department of Education credit enhancement funding.
- Collaborate with junior and senior staff, as needed, to evaluate and create loan structures and credit underwriting for community facility projects.
- Manage the closing process, including working with Loan Closer and external counsel, and the collection, review, approval and execution of all closing items, often within short timelines.
What We Are Looking For
Are you ready to be a catalyst for change and lead with a modern touch? At Reinvestment Fund, we’re on the hunt for individuals who bring innovation, empathy, and analytical prowess to the table. Originations demand a unique blend of independent, data-driven thinking, top-notch interpersonal skills, and sound judgment. Our loan officers are an integral part of the Origination team that build relationships, engage stakeholders, and empower the communities we serve.
Our team members aren’t just number-crunchers; they’re adaptable, accountable, and thrive in a collaborative, supportive environment. We value your expertise but also appreciate the fresh perspective you bring to the table. Your background in the financial industry, banking, commercial lending, or community and economic development is a plus, but it’s your passion and adaptability that truly set you apart.
While financial expertise is essential, we also recognize the value of skills in areas like housing policy, commercial real estate management, and the arts. These domains can complement a traditional financial background, enriching our team with diverse perspectives. We value a track record of collaborative project work, a genuine affinity for teamwork, and a deep-rooted passion for using finance as a powerful tool to uplift lives and communities.
Education and Experience
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
- Undergraduate degree in finance, economics, city planning or other related fields preferred but not required. Equivalent non-academic experience may also be considered if that experience is in the industries to which we lend.
- 7+ years of lending experience, with at least two years of community development, multi- family, real estate underwriting responsibilities required.
- Experience creating and communicating complex business and financial analysis including formal writing and oral presentation to decision-makers.
- Experience reviewing construction budgets, project plans, appraisals, inspection reports and other real estate documents.
- Ability to effectively synthesize information from multiple sources, organize logical arguments and summarize key
- Ability to effectively communicate with internal and external stakeholders, on complex underwriting issues and possible solutions.
- Experience performing analysis and modeling in
- Ability to draw conclusions from financial and market data to make sound recommendations regarding credit risks.
- Must share a commitment to advancing racial equity and anti-racism and willingness to engage in that work to advance Reinvestment Fund’s mission.
- Experience working with borrowers to problem solve and structure loans that meet potential borrower and project needs as well as mitigate our risk and maximize capital sources
- Experience reviewing legal documents such as leases, mortgage notes, contracts,
- Experience with New Markets Tax Credits, historic tax credit programs and other economic development tools.
- Experience with charter school funding streams and/or FQHC funding streams and related activities, including regulatory processes, and federal, state, and/or local funding formulas.
Compensation and Benefits
Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) retirement savings plan with employer match, flexible spending accounts (medical, dependent care), commuter benefits, tuition reimbursement, paid time off, and EAP program.
How to Apply
Reinvestment invites you to apply for this position:
At Reinvestment Fund, we’re committed to inclusivity and diversity. We believe in reasonable accommodations to empower individuals with varying abilities to excel in their roles.
If you’re a forward-thinker, passionate about transforming finance into a force for good, and ready to work collaboratively in a dynamic, modern environment, we want you on our team. Join us in changing lives for the better. Apply today by making an online application to include your resume, cover letter and compensation range in ONE Document for consideration: APPLY HERE
Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States. Reinvestment Fund is an Equal Opportunity Employer. Reinvestment Fund does not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disabilities, or status as a veteran.
Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals this reporting will extend to your household members. You may be subject to a background check.