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Finance Manager, Real Estate Lending - New York City

Posted on January 22nd, 2019
About The Position

The Finance Manager will report to the Vice President of Finance and Lending in support of a national charter school lending platform. On a day-to-day basis, he or she will work closely with the Strategy Manager, potential borrowers and external partner organizations on the full-cycle of activities related to real estate based lending, providing technical assistance and identifying appropriate internal resources as needed to guide borrowers successfully through the financing process. This includes assessing project feasibility and the financing requests, coordinating with partner organizations to identify additional resources that may be necessary to successfully close a transaction, and making recommendations regarding adjustments to the lending program’s requirements as needed. He or she may also support the Finance and Lending team on development financing projects and/or other lending platforms on an as-needed basis.

Primary Responsibilities

Candidates interested in this role should demonstrate the following competencies and have the ability to fulfill the described responsibilities:

  • Business Development: Participate in business development activities, including early-stage client visits, conversations and attendance at external events. Represent Civic Builders at conferences.
  • Pipeline Management: Input prospective new transactions into the transaction database and assist with reporting and management of the regional pipelines.
  • Due Diligence:
    • Manage the collection of the loan application materials from the borrower and commission third-party due diligence reports (e.g., appraisal, plan and cost review, etc.) from vendors. Use the application package and third-party due diligence reports to underwrite the loan request. Underwriting will include analysis of:
      • Financial pro-forma projections, budgets, repayment sources;
      • Market and regulatory conditions;
      • Appraisal reviews, entitlement/land use assessments, environmental reports, plan and cost reviews, property conditions reports;
      • Requirements related to other capital sources and subsidies, borrower and guarantor financial statements; and
      • Other analysis as appropriate to assess credit risk on a given transaction
    • Conduct a site visit as part of underwriting each transaction and will attend prospect/customer calls as needed to support market other members of the Finance and Lending team
    • Compare the credit to relevant investment guidelines for the primary investment fund to ensure conformance or identify exceptions
    • Prepare written loan approval requests for presentation to the internal loan committee for approval. He or she will prepare exhibits (e.g., financial analysis) for the loan approval package and work closely with the Vice President of Finance and Lending to present the credit approval requests to primary funders, as needed.
  • Deal Structuring: Collaborate with internal and external parties (banks, co-lenders, attorneys, etc.) to structure financings including managing inter-creditor negotiations; local foundations; local governmental units; reviewing real estate contracts, leases and due diligence; and identifying and negotiating key risk mitigants including reserves, guarantees and other forms of credit enhancement.
  • Customer Service: Maintain a positive and professional relationship with customers and business partners (which include third party lenders, attorneys and other external parties such as appraisers) by both initiating and responding promptly to any and all requests in a responsive, consistent, and accurate manner.
  • Internal Responsibilities: Participate in ongoing efforts to establish and/or improve internal processes and procedures to improve efficiencies across the organization. Bring an entrepreneurial energy and open-minded perspective to your work.
Candidate Requirements

The ideal candidate will possess the following qualifications:

  • 7-10 years of experience with community development lending projects/products and strong analytic skills
  • Community development lending or borrowing background including experience with nonprofit public charter schools
  • Strong relationship management skills, with a track record of building relationships among a demanding client base with diverse backgrounds and leading through influence
  • Passionate about Civic Builders’ mission to provide equitable access to education, and specifically facilities
  • Thrive in high-growth, fast-paced environment, with the ability to build out new initiatives and navigate ambiguous situations
  • Flexible and committed to contributing to a small, collaborative and ambitious team
  • Bachelor’s degree; MBA or similar advanced degree a plus
To Apply

Please submit your resume for consideration to: David Donaldson via donaldson@civicbuilders.org.

Civic Builders is an equal opportunity employer and welcomes candidates from diverse backgrounds.