ABOUT REINVESTMENT FUND:

At Reinvestment Fund, we are dedicated to making a tangible difference in the lives of underserved individuals and communities. Our mission is to create opportunity for underserved people and places through partnerships by marshalling the capital, analytics, and expertise necessary to build strong, healthy, and more equitable communities.

As a federally certified community development financial institution (CDFI), our job is to make finance an agent of positive change and equitable growth. We provide loans, grants and technical assistance to businesses and nonprofits. Our borrowers and grantees educate students, support local economies, and create jobs. They build affordable housing and provide community goods and services that include access to nutritious food, hunger relief, physical and mental health care, and other social services.

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. 

 Credit Policy & Loan Approval: 

• 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. 

Portfolio Management: 

• 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. 

Responsible for the following in coordination with the Managing Director, Portfolio Management:

• 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.  Use data from annual reviews, other data analytics and trends to inform internal staff and the Loan Committee (internal & governance) of portfolio risk, changes in credit policy, and/or feedback to the lending originations team. 
• Hold monthly Criticized Asset Committee meetings to overview troubled assets and recommendations for path forward. Use themes from Criticized Asset meetings to provide feedback to lending teams for consideration of changes to incoming credits. 

Lending Administration: 

• 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. Also, maintain quality control standards for loan documentation. 
• 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. 

Leadership: 

• 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.  

EDUCATION, EXPERIENCE AND SKILLS: 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. 

Required Qualifications: 

• Bachelor’s degree in Finance, Business Administration, Economics, or a related field; or equivalent experience 
• 10+ years of experience in credit, lending, asset management, or a related financial field, with at least 8 years in a leadership or management role. 
• Proven experience in managing complex loan portfolios, including covenant compliance, annual reviews, and non-performing loan workouts. 
• Demonstrated competence in commercial real estate lending, cash flow and project analysis, underwriting, structuring and lending policies and procedures, and loan closing process. Some experience with nonprofit financials preferred. 
• Extensive experience with credit risk management, underwriting, and policy enforcement. 
• Experience leading cross-functional teams, particularly with Lending, Investments, and Asset Management teams. 
• Demonstrated ability to manage and lead interdepartmental collaboration, particularly with departments like Finance, Operations, and Risk & Compliance. 
• Experience managing external relationships, including vendors, legal consultants, and oversight stakeholders. 
• Strong background in overseeing audit processes and ensuring compliance with internal and external regulations (e.g., AERIS, S&P, BDO). 
• Technical proficiency with credit risk management systems and portfolio management tools. 
• Strong leadership skills with the ability to mentor and develop direct reports and ensure high team performance. 
• Proven ability to set and manage budgets, ensuring financial alignment with organizational goals and profitability. 
• Experience in strategic planning and capacity building to support long-term organizational growth. 
• Ability to effectively communicate and collaborate with executive leadership and external stakeholders. 
• Demonstrated aptitude in creative thinking to identify problems and implement solutions. 

Preferred Qualifications: 

• Knowledge of community development principles, real estate finance and development, and CDFI-based lending strongly preferred. 
• Knowledge of historic tax credits, new markets tax credits, and similar community development tools strongly preferred. 
• Knowledge of private credit and/or equity deal structure to growth-oriented small businesses strongly preferred. 
• Completion of accredited programs in credit risk management, commercial lending, or financial risk management (e.g.,      Certified Credit Risk Analyst, Financial Risk Manager (FRM), Commercial Lending Certificate) from institutions such as Moody’s Analytics, GARP.  

WORK LOCATION: 

For this position, we will consider employees in either Philadelphia or Atlanta, GA with a hybrid work arrangement, with additional consideration to remote candidates in the Washington, D.C., Maryland, Virginia (DMV) area. If a remote employee is ultimately selected for the position, routine travel will be required to our Philadelphia headquarters and other locations for in-person staff meetings.  

COMPENSATION AND BENEFITS: 

Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability, and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program. 

The salary range for this position at commencement of employment is expected to be between $185,000 and $231,000/year, however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. 

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors. 

Reinvestment Fund uses E-Verify to validate all new hires' ability to legally work in the United States and all new hires may be subject to a background check. 

Reinvestment Fund is an Equal Opportunity Employer. We do not discriminate in hiring or employment practices based on race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job-related disability, or status as a veteran. Reinvestment Fund is committed to belonging, culture and engagement throughout our organization and in our external investment practices. 

Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser. In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA. As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information for certain individuals, and this reporting may extend to your household members.