Director, Loan Origination (NJ)

Position Reports to: Senior Director, Loan Origination 
Department: Financing
Location: This is a US-based remote role, with a requirement to be located in New Jersey. 
Salary Range: $129,400 - $143,800 

About Nonprofit Finance Fund  

Nonprofit Finance Fund® (NFF®) is a nonprofit lender, consultant, and advocate. For more than 40 years, we’ve helped organizations access the money and resources they need to realize their communities’ aspirations. Alongside others, we’re working to build community wealth and well-being and put affordable housing, essential services, quality jobs, and excellent education within reach of more people. At NFF, we envision a world of shared prosperity, where communities have the capital, community assets, knowledge, and agency to thrive. Learn more about our work to achieve our vision through our Theory of Change and Values.   

About This Role 

The Director, Loan Origination (New Jersey) is responsible for driving lending activity in the state of New Jersey. The Director cultivates relationships with clients that may have financing needs, builds a continuous pipeline of new lending opportunities, and evaluates incoming loan requests for viability and preliminary loan structuring. In support of and alongside this work, this role draws on the existing relationships, programs, and products NFF is currently deploying across the state, which include debt products and financial strategy consulting.

NFF has offices in Boston, New York, Philadelphia, Oakland, and Los Angeles. This is a US-based remote role, with a requirement to be located in New Jersey. NFF has core business hours where we expect all staff to be available from 9:00 am to 5:00 pm local time. The role requires a minimum of 25% travel. 

What You Will Do 

Essential responsibilities for this role include, but are not limited to: 

Relationship Management 

Develop and nurture new and existing client relationships ensuring a smooth transition through the financing process 

Engage with clients in ways that demonstrates empathy and garners understanding of their experiences and needs, including those who have faced barriers to equitable access of capital  

Develop financing solutions that reflect client needs while working closely with all Loan Origination, Underwriting, Program, Closing, and Portfolio Management staff to ensure excellent customer service   

Cultivate and maintain relationships with lending partners (banks, CDFIs, foundations, institutional investors and other capital providers and intermediaries) as well as stakeholders such as consultants, government agencies, nonprofit networks and advocacy organizations  

Work across the organization to identify business development opportunities and help coordinate lending activity so that it intersects with NFF’s overall priorities and key relationships 

Loan Originations 

Build a continuous pipeline of new lending opportunities consistent with NFF’s loan products, programs, deployment goals, mission, and strategy 

Assess new loan requests, discuss product options with clients, and propose viable loan structures for internal approval 

Gather basic due diligence, conduct initial assessment and analysis of client prospects, and draft initial loan overview memos in advance of the issuance of term sheets.  

Proactively monitor industry and regional trends, policies, funding, and other external drivers that may inform strategies for pipeline development 

Program Management 

Originate loans from NFF’s BEACoN NJ program, a $20MM 10-year statewide revolving loan fund to support community ownership of assets for nonprofits 

Maintain an active pipeline and relationships with nonprofits, developers, consultants, and other stakeholders in connection with ongoing BEACoN NJ lending 

Provide client and project-related information to support periodic investor reporting 

Represent NFF and the BEACoN NJ program in public events, conferences, media, partner and funder meetings, and other external-facing opportunities as needed 

Leverage other NFF lending programs, including the NJ Social Impact Investing Fund (a flexible off-balance sheet statewide loan fund), Faith in our Communities (a credit-enhanced faith-based lending program), and other programs that NFF may develop over time 

Strategy and Market Development 

Support the development and implementation of a tactical plan that will consistently generate a viable pipeline of high credit quality clients and transactions including, but not limited to, on-balance sheet lending, NMTC transactions, off-balance sheet opportunities, and special programs   

Identify, build, and nurture relationships with client segments in line with NFF's mission and strategy  

Connect with communities and identify ways to address inequitable access to capital  

Identify and develop community partnerships to support product and process design  

Support, where there is opportunity, the integration of capital delivery and technical assistance, to ensure the capacity building needs of borrowers are met with a client-centered relational approach 

Who You Are and Minimum Qualifications 

Bachelor’s degree from an accredited institution in Finance, Economics, Accounting, or a related field, or equivalent combination of education, training, and experience in financial services and/or lending  

Seven (7) years of progressive professional experience in the financial services industry as a loan officer or similar lending roles 

Demonstrated experience in credit analysis, loan structuring, and business development, with sector expertise in at least one of the following: affordable housing, education, healthcare, human services, or other community facilities  

Market knowledge and existing relationships with nonprofits and related stakeholders in New Jersey 

Proven ability to handle sensitive, confidential information with high degree of integrity and discretion  

Established effectiveness in clear, proactive verbal and written communication, coupled with strong interpersonal skills  

Proficiency with online collaboration tools, Salesforce or similar CRM software, and Microsoft Office Suite 

The Strongest Candidates Will Have 

Commitment to NFF’s values, mission, and approach to community impact 

Strong understanding of CDFIs and their role in nonprofit financing 

Familiarity with real estate and financing structures 

Experience with nonprofit accounting, financial statements, and business models 

Experience with common community development finance programs, including New Markets Tax Credits and Low Income Housing Tax Credits 

Strong organization and project management skills 

Experience leading cross-functional efforts in a matrixed organization 

Ability to work independently and effectively in a remote environment and build strong relationships with colleagues and partners across geographies and time zones 

Willingness to collaborate with a dynamic and mission-driven team 

Learning orientation and commitment to continuous learning and improvement 

Ability to thrive in a fast-paced, changing, and at times ambiguous context 

Benefits and Compensation 

NFF offers a generous benefits package that currently includes up to twenty (20) paid holidays/business closure days, three (3) floating holidays, flexible time off, group medical insurance with a funded health reimbursement account, dental and vision plans, life insurance and disability plans, a retirement plan with both a non-elective employer contribution (4%) and additional match contribution (up to 2%), a “work from home” fund, and flexible spending accounts to cover health, dependent care, and commuter costs. 

This is an exempt, full-time role with a compensation range of $129,400 - $143,800. A compensation offer is based on a candidate’s background and years of relevant experience, with consideration for internal equity. Because of our strong commitment to equity and growth, we do not negotiate compensation offers. 

NFF is an equal opportunity employer and does not discriminate against any applicant or employee because of race, color, religion, sex, national origin, disability, genetic information, age, or military or veteran status in accordance with federal law. In addition, NFF complies with applicable state and local laws governing non-discrimination in employment in every jurisdiction in which it maintains facilities. NFF also provides reasonable accommodation to qualified individuals with disabilities in accordance with applicable laws. NFF does not employ individuals based outside of the United States. Click here to view NFF’s Fair and Equitable Practices.