Credit Officer

Reinvestment Fund • Philadelphia, PA

182d

About The Position

Reinvestment Fund is seeking a Credit Officer for a critical leadership role supporting Credit Policy, Lending Administration and Portfolio oversight, which are essential functions of our Lending & Investments Business. Currently, Reinvestment Fund has a $800M loan portfolio under management. Our primary asset classes include Education, Housing, Commercial Development Food Access/Social Programs and Climate/Clean Energy loans. The Credit Officer role will use existing knowledge of community development, real estate finance, and tax credit strategies to assess complex credit structures and collaborate closely with our Lending Originations, Finance & Data Analytics teams, as well as our Program staff on occasion. Reporting to the CFO, this role oversees 2-4 direct reports and a broader team of 10+ staff members, with direct accountability for loan portfolio performance and audit outcomes. This is a unique opportunity to lead established teams and partner across the organization to ensure operational integrity and drive sustained growth in support of our mission & goals.

Responsibilities

• Oversee the organization's credit policy, credit culture, and overall lending practices.
• Primary leadership and ownership of the Reinvestment Fund Credit Policy regarding regular updates, adherence and explanation.
• Enforce loan policy and underwriting guidelines, including maintaining and leading updates of Reinvestment Fund’s credit policy, risk rating methodologies, and underwriting guidelines.
• Approve, decline, extend, modify or restructure borrowing lending applications and existing relationships based upon the credit policy and review of recommendations from lending officers.
• Ensure loan requests, modifications, closings and portfolio management follow process and protocol consistent with approved policies.
• Evaluate project and risk alignment for complex and/or high exposure dollar borrowers and relationships.
• Collaborate with Lending Originations and Investments teams to achieve lending targets, programmatic and capital/investor compliance requirements, and to ensure new products and programs incorporate the appropriate risk criteria and parameters consistent with the Credit Policy, and other corporate objectives.
• Lead Internal Credit Committee meetings, oversee creation of credit packages, maintain documentation, and ensure adherence to the committee’s powers and purpose.
• Maintain and continuously improve policies and procedures for portfolio risk management.
• Oversee and provide required information for internal audits and external rating exams (including AERIS, S&P) and, as necessary, external audits.
• Foster cross-departmental collaboration, as it relates to capital needs for Loan Closing and Disbursements, and Portfolio Management extensions, modifications, and payoff expectations.
• Report quarterly and as needed to the Loan Committee and Board of Directors on portfolio performance, including risk rating and loan product distribution, trends, exposure, and other measures of portfolio health.
• Develop and execute loan workout strategies, develop exit plans for non-performing loans.
• Oversee the performance of RF’s loan portfolio through covenant compliance, annual reviews, monthly loan monitoring, criticized asset meetings, maintaining an in-depth knowledge of all of RF’s borrowing relationships.
• Adhere to annual review targets and schedule for annual portfolio reviews for our portfolio various loan asset classes.
• Hold monthly Criticized Asset Committee meetings to overview troubled assets and recommendations for path forward.
• Oversee loan closing processes and procedures and implement systems to improve efficiency and reduce closing times.
• In coordination with Originations lead, standardize documentation and reporting requirements, and ensure compliance and reporting needs for investors and programs are met.
• Oversee disbursement processes, advance projections, and collateral tracking to safeguard loan security and mitigate risk.
• Provide oversight for deliverables in Loan Closing and Disbursements, Loan Compliance, Appraisal Management, Documentation Custodian, and Loan Pool Guarantee compliance, etc.
• Build and maintain relationships with strategic external partners/vendors to streamline workflows and enhance borrower engagement.
• Enhance robust file management systems to maintain the integrity and accessibility of loan documentation.
• Aid in the selection and implementation of a new Lending and Portfolio Management system designed to enhance operational efficiency and support scalable growth.
• Lead department business planning and capacity building for long-term strategies, processes, and initiatives that support growth, profitability, and alignment with the organization's strategic plan.
• Be a thought and risk management partner with Office of the CEO, CFO, Treasury, Lending, Operations/Risk, and governance committees.
• Supervise and support direct reports with coaching, mentorship, and performance management; establish and track departmental KPI's.
• Develop and manage the budget for the Credit, Loan Administration and Portfolio Asset Management group, ensuring alignment with organizational goals and financial targets.
• Continually partner with HR & Talent Acquisition teams to recruit, develop, and retain top talent by supporting effective hiring strategies, providing ongoing professional development opportunities, and fostering a supportive work environment to ensure long-term employee engagement and success.
• Support, build and nurture relationships with key external stakeholders that are critical in helping us advance our work.

What This Job Offers

• Career Level: Senior