Please direct your responses to: hr@rsfsocialfinance.org
About RSF Social Finance:
Located in the beautiful and historic Presidio of San Francisco, RSF Social Finance is dedicated to transforming the way the world works with money. Our growing community of over 1,600 clients is furthering the work of social entrepreneurs and social enterprises in the fields of Food & Agriculture, Education & the Arts, and Ecological Stewardship. Primary services include our investing and lending programs, and philanthropic fund management services. In partnership with our investors and donors, RSF has made over $275 million in loans and over $100 million in grants since 1984, placing us in the top tier of social finance organizations worldwide. Please refer to our website: www.rsfsocialfinance.org
Position Summary:
RSF Social Finance seeks to hire a full-time Director of Credit and Portfolio Management. The Director provides thought leadership to the Credit and Portfolio Management team to help RSF attain its purpose, values, and operating principles, and is responsible for the following:
A. oversight of the credit approval process and assurance of compliance (or proper notification of non-compliance) with existing policy,
B. working with the Director of Lending to ensure client engagement and customer service requirements are being met,
C. working with the Director of Lending and the business development team to ensure timely, consistent, and complete communication between the teams,
D. management of the Loan Operations team,
E. detection of deterioration in loan quality, and monitoring and resolution of problem loans, and
F. delivery of reports detailing the quality and composition of the loan portfolio, the quality of client service, and social impact.
Essential Duties & Responsibilities:
Credit and Portfolio Management
• Establish and maintain a credit culture within the organization that results in strong fundamental credit practices while advancing the organization's mission and values.
• Manage the underwriting of new and existing credits. Work with Lending Managers to underwrite new commercial loans. Conduct due diligence, financial analysis, and research for new loan inquiries. Support Lending Managers in the preparation of credit memoranda.
• Oversee Credit Committee meetings, loan portfolio risk management, and the implementation of credit policies and procedures.
• Serve as a signing member of Credit Committee to provide loan approvals and guidance on structure and pricing of credits.
• Develop, review, and recommend policies and procedures for loan and credit operations. Conduct periodic audits of policies and procedures. Recommend changes/improvements, where appropriate, to internal controls.
• Develop and implement tools needed to effectively measure and control risk. Oversee and implement loan risk rating system including recommendations for appropriate Loan Loss Reserves.
• Based on RSF's strategy and long-term goals, perform quantitative and qualitative analysis of Social Enterprise Lending Program portfolio of loans including, but not limited to, segment, concentration, expertize, and stress test analysis. Report and make recommendations to senior management.
• Responsible for the resolution of non-performing loans, restructurings and work-throughs.
• Member and the Leader of the Asset Liability Committee
• Act as staff liaison to Board Loan Group/Committee
• Fulfill requests from CPA auditors
Loan Operations
• Lead and manage the operation and performance of the Loan Operations team, including Underwriting, Lending Legal & Documentation, Funding, Servicing, Compliance, and Portfolio Analysis.
• Carry out management responsibilities in accordance with the organization's policies and applicable law. Responsibilities include hiring and training employees, planning, assigning and directing work, appraising performance, addressing complaints, and resolving problems.
• Determine and manage handoffs between business development, underwriting, legal and documentation, servicing, and compliance functional areas.
• Manage expectations with loan prospects regarding timing of loan approval and documentation processes. Manage Loan Operations team to ensure timely completion of milestones and deliverables.
• Lead the Loan Operations team to ensure a stellar client experience consistent with ideals of RSF's mission of transforming the way the world works with money.
• Provide coaching and mentorship to staff members.
Knowledge, Skills, and Abilities:
Education and Experience: An undergraduate degree is required; preferably in Business Administration or Finance. MBA and/or other relevant advanced degree preferred. Must have a minimum of 12 years of commercial transaction lending experience, including experience with asset and cash flow based credit analysis, financial modeling, and commercial loan structuring experience. Prior experience/exposure in compliance, internal audit, and security procedures in order to mitigate risk is also required. Familiarity with both for-profit and non-profit borrowers strongly preferred.
English Language Communication Skills: Must have strong oral and written communication skills, including the ability to communicate information, ideas, and strategies regarding risk management to all levels of management and non-management, articulate RSF's lending philosophy, loan products, policies, and procedures, and the ability to converse by telephone with potential and existing clients.
Finance and Math Skills: Must have a solid grasp of for-profit and non-profit accounting, advanced credit analysis and financial modeling.
Technical Skills: Must be able to effectively use standard business software such as Microsoft Office; and to use the Internet for research and information-gathering. Should have strong knowledge of statistics, data collection and analysis.
Management Capabilities: Must be able to set and communicate priorities, delegate responsibilities appropriately, manage work-flow, determine staff development needs, properly utilize HR resources and effectively communicate with staff being managed.
Judgment and Independence: Must exercise good judgment, with minimal supervision, to manage time effectively, solve significant loan structuring problems, determine and address RSF's needs, respond appropriately to changing circumstances and priorities, and deal effectively with clients, service providers and other staff. Must have the ability to effectively communicate, negotiate, and present information to a wide range of audiences and ability to respond professionally to varied inquiries or complaints from members.
Physical Demands: Must be able to use a computer for extended periods of time up to 8 hours per day; and must be able to frequently communicate orally in person and by telephone. Must be able to travel nationally for client and site visits.
Attendance and Availability: Must be able to work at RSF's offices during regular office hours as set forth in RSF's Employee Manual, and to occasionally work extra hours as necessary to complete time-sensitive projects.
Compensation & Benefits:
This position offers the unique opportunity to join an innovative financial services organization with a vision to transform the way the world works with money. Other benefits include:
• A fulfilling work environment at an supportive and entrepreneurially-driven organization
• A competitive compensation package and 100% employer-paid medical, dental, and vision
• Very generous vacation and sick leave benefits plus 9 paid holidays per year
• 403(b) plan with employer-paid contributions after one year of employment
• Exposure to innovative ideas, projects, and collaborative staff activities
• Access to numerous professional development opportunities
Application Instructions:
Please submit your resume via e-mail to HR@rsfsocialfinance.org along with a thoughtful cover letter by June 12th. In the cover letter, please explain why you are interested in the mission, values, and activities of RSF Social Finance. Please also tell us why your skills and experience make you the ideal candidate for this position.
Please note that applications without a cover letter will not be considered. In the e-mail subject line please write "Director of Credit and Portfolio Management". No phone calls please.
RSF Social Finance is an equal opportunity employer; candidates representing a diversity of backgrounds are encouraged to apply.
------------------------------------
********************************************************************
Read the new KIT List blog at www.kitlist.wordpress.com for job tips and to connect to our community!
Please go to www.KITlist.org to join, post jobs, or get answers to common questions. If you have any comments or questions, you can reach us directly at KITmoderator@KITlist.org.
By using the KIT List you agree to comply with the Terms of Use on the site, and will not use discriminatory employment practices. The KIT List is a service of Connelly Communications, Inc.
TO UNSUBSCRIBE:
Replying to KIT emails with an "unsubscribe" request does not work.
Instead, just send an email (from the same account you used to subscribe) to KITlist-unsubscribe@yahoogroups.com. If you are still receiving emails after a few days, please email us at KITmoderator@KITlist.org and we will manually remove you. Thanks!Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/KITlist/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/KITlist/join
(Yahoo! ID required)
<*> To change settings via email:
KITlist-digest@yahoogroups.com
KITlist-fullfeatured@yahoogroups.com
<*> To unsubscribe from this group, send an email to:
KITlist-unsubscribe@yahoogroups.com
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
