Vice President, Credit & Asset Management

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 equityand by providing technical assistance and capacity buildingto locally rooted organizations that carry out the work in communities.Position DescriptionLISC is seeking a qualified candidate to fill the position of Vice President, Credit & Asset Management. The Vice President, Credit & Asset Management will be a member of LISC's Lending Department and will report to LISC's Senior Vice President, Chief Credit Officer. The Vice President, Credit & Asset Management is responsible for developing and overseeing loan portfolio and risk management policies and procedures, leading a workout group charged with implementing restructuring and collection efforts on non-performing loans, and serving as a credit approver on new loans and amendments and restructurings.ResponsibilitiesTeam ManagementManage an Asset Management team of two Directors and seven Asset Managers; provide mentoring and feedback in support of professional development.Lead culture-building efforts with direct reports and across the Lending department.Credit Review and ApprovalServe as a member of LISC's Credit Committee which is responsible for reviewing and approving new loans and amendments that exceed the Chief Credit Officer's approval authority.Serve as the back-up reviewer and approver on new loans that do not require Credit Committee approval.Act as the primary reviewer and approver of loan amendments that do not require Credit Committee approval.Review and sign off on the Credit Committee approval notes on an as-needed basis.Loan Portfolio ManagementOversee the tracking of all late, delinquent, and maturing loans to ensure that credit issues and loan maturities are addressed in a timely manner.Review and provide feedback on loan portfolio reports.Chair loan portfolio review meetings.Loan Workouts, Restructurings and Real Estate OwnedEstablish and lead a workout team responsible for managing nonperforming loans and real estate owned.Coordinate with the Senior Vice President, Lending, Directors of Asset Management, and legal personnel to strategize and make decisions on loan workouts, restructures, write-offs, and property foreclosure and sale decisions.Lead negotiations on key loan workouts and management and sale of real estate owned.Risk ManagementOversee and refine loan portfolio policies and procedures and assist with updates to underwriting and credit policies and procedures.Update and improve the loan risk-rating guidelines and matrix.Establish loan portfolio quality metrics and track performance.Work with colleagues in the Lending and IT departments to ensure that appropriate processes and systems are in place to manage risk and data.Ensure the collection of all loan portfolio data needed for risk management and reporting and disseminate key insights.Lending DepartmentSupport capitalization efforts on an as needed basis.Assist with Lending Department initiatives and munications & TrainingMaintain a culture of quality customer service at all points of contact with stakeholders internal and external and represent LISC in public forums.Prepare reports and presentations on financing activity and portfolio performance to the LISC board of directors, senior management, Lending staff, LISC investors, and ratings agencies.Provide feedback to LISC staff on risk assessment and credit analysis.Present on process updates and conduct trainings at Lending Learning Group meetings and other forums.Perform other related duties as needed.QualificationsBachelor's degree from an accredited college or university requisite relevant work experience. Minimum 10 years of real estate lending, credit review and approval, and workout experience at a bank or community development financial institution, including impact investing.Well-honed ability to analyze sponsor and project financial statements, cash flow projections, development budgets, financial models, and operating pro formas; strong capacity to analyze the credit strengths and weaknesses of a loan.Lending experience at least one of the following market sectors: Affordable rental and for-sale housing, charter schools, community health centers, small businesses, and commercial economic development, preferably combined with knowledge of Historic Tax Credit, Low Income Housing Tax Credit andor New Markets Tax Credit programs.Substantial experience managing and negotiating loan workouts, restructurings, and real estate owned.Proven track record of leading and developing a high-performing team, including the ability to mentor staff.Excellent written and oral communication and interpersonal and ability to work effectively with multiple stakeholders.Strong Excel skills and familiarity with loan management systems.Good organizational abilities and attention to detail, including ability to work independently and to manage multiple assignments mitment to impact investing and LISC's mission and values.SALARYLISC provides a competitive salary ($191,400-$215,200) and excellent fringe benefits. The position is available immediately.*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.LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.

Created: 2025-02-15