Chief Lending Officer

Join us to help BIPOC Entrepreneurs succeed!

The CLO is responsible for the management of MEDA’s lending activities under general direction from the VP of Lending to manage MEDA’s Community Development Financial Institution (CDFI) Loan fund activities.

MEDA understands that access to capital is critical for business success, especially for those in underserved markets, including women, minorities, and low to moderate-income communities in our service area. With the strategic mission of MEDA in mind, the CLO builds the organization’s capacity to interact with clients seeking access to capital and assists with their capital goals. The CLO manages and grows the organization's direct lending portfolio, assists clients in identifying, preparing, and pursuing other capital providers, elevates, and delivers technical assistance, and maintains MEDA’s strong brand and advocacy in the capital arena.

To apply, please submit your application by clicking the APPLY NOW button or email us at EMPLOYMENT@MEDA.net.

Essential Functions

Strategy

  • Works with VP of Lending to develop a coordinated and cohesive lending program growth strategy.

  • Participate in MEDA’s strategic initiatives. Helps develop, execute, and sustain these initiatives in collaboration with the ELT and other managing directors of the organization.

  • Implements processes and systems that will generate higher productivity and revenues.

Loan Sourcing

  • Manage and evaluate the pipeline of CDFIs and small business lenders within the funding network.

  • Effectively manage the representation of Meda’s to a range of audiences at conferences, in one-on-one meetings, and in target markets.

  • Responds to proposals, creates budgets, and forecasts, and pursues fundraising opportunities for the Access to Capital Program.

  • Develops opportunities with potential investors, including governmental bodies and corporate/foundation entities.

  • Leads the development of relationships with community partners, local chambers of commerce, small business development centers, elected officials, banks, and local business organizations, in collaboration with Meda leadership and development staff.

  • Facilitates small business assistance presentations to banks and lending institutions.

Team Management

  • Trains lending team on analyzing clients’ creditworthiness in the loan application process and structuring complex small business credit transactions.

  • Ensures compliance with lending team member job functions, including but not limited to current client calls, portfolio quality calls, and site visits.

  • Oversees staff and program lending goals across the organization’s service areas.

  • Oversees lending team staff on developing a career path and leadership skills. Ensure team members have opportunities to learn and develop career and leadership skills.

Reporting

  • Monitor trend analysis on portfolio performance.

  • Assist MEDA’s Chief Lending and Asset Management Officer in improving Meda’s underwriting and loan/investment policies and practices, and marketing and outreach practices and materials.

  • Implements and assists in the management of market analysis and community profiling strategies for the organization. Identifies and develops responses to opportunities to improve programs.

  • Assist in the preparation of monthly Lending Committee material by contributing to reporting. Participate in periodic portfolio evaluations including presentation of recommendations for loan grades. Assist in the preparation of periodic written reports regarding the status of the loan request.

Loan Administration

  • Obtain, underwrite, and analyze loan applications for commercial loans to support community/economic development projects based on criteria established for each program and loan policies within each program. Perform due diligence, site inspections, appraisal review, financial statement and Pro-forma credit analysis, and credit evaluations of potential borrowers. Prepare credit memos and supporting documentation and present loans for review or approval to the Chief Lending Officer and/or Chief Executive Officer, or Lending Committee.

  • Ensure compliance with all regulatory agencies and funders.

Qualifications:

Required:

  • Bachelor’s Degree in Finance, Business, or related field, plus five years’ experience (Manager-Level) or seven-plus years’ experience (Director-Level) in banking or lending and outreach efforts (preferably commercial/small business); or equivalent combination of education and experience.

  • A minimum of FIVE years of experience in small business lending. Experienced in community economic development and asset building.

  • Highly proficient with Microsoft Office Suite. IT skills and the ability to quickly adapt to software.

  • Experience in community development financial analysis. Ability and experience in delivering services consultatively to diverse constituencies required.

  • A financial background with a strong understanding of balance sheets, income statements and cash flow analysis, and loan underwriting.

  • Ability to write well, communicate verbally in a succinct and persuasive manner, and interact effectively with a wide range of individuals, e.g., colleagues, lenders, funders, low-wealth, and minority borrowers, and technical assistance providers.

  • Strong analytical, time management, and organizational skills, including a high level of attention to detail and the ability to work independently.

Preferred:

  • Experience with alternative lending and credit enhancement programs, regulated Cooperative financial institution lending, SBA, USDA, CDFI, New Markets Tax Credits, and other federal-related lending programs.

  • Experience in non-profit board participation and government advisory committee participation

Physical Requirements:

Physical & Schedule Requirements

While performing the duties of this job, the employee is occasionally required to stand, walk; sit, and climb stairs.  Specific vision abilities required include the ability to read printed materials and computer monitors.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

Disclaimer: The above statements are intended to describe the general nature and level of work performed by employees assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities, and qualifications. Management reserves the right to change or modify such duties as required. All employees are responsible for following applicable MEDA policies and procedures as defined by their manager and Employee Handbook.

Salary Range $79,000-$96,000 DOE

*MEDA is an equal opportunity employer. We embrace diversity and opportunity in a serious way. MEDA is committed to building a team that represents a variety of backgrounds, perspectives, and skills. The more inclusive we are, the better our work will be.

Applicants will not be discriminated against on the basis of race, color, religion, sex, pregnancy (including childbirth, lactation and related medical situations), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by applicable local, state or federal laws.