Nonprofit

Associate Director Lending

Hybrid
Work must be performed in or near Oakland, CA
New
|
Published 24 days ago

Details at a Glance

Job Type
Full Time
Application Deadline
June 21, 2024
Experience Level
Intermediate
Salary
USD $90,000 - $100,000 / year
Annual performance bonus

Description

Position type: Full Time (Hybrid)

Location: Oakland, CA (PCV has office space in downtown Oakland where teams coordinate to intentionally meet in person in the Oakland office once a month.  Additionally, travel is required to attend conferences and to meet with local funders)

Reports to: Chief Lending Officer

Are you passionate about building a more equitable society? If so, please join Pacific Community Ventures (PCV), a mission-driven nonprofit organization invested in addressing racial and gender wealth gaps, through small business owners as local changemakers in our communities. We are seeking an Associate Director-level position to lead our Lending origination team. Over the past decade, our research projects and client engagements have helped define and build the field of impact investing; we have become a leading statewide community development financial institution (CDFI) in California; and scaled a nationwide mentorship platform for under-invested small business owners. Our audiences and clients include small business owners across the United States, volunteer business experts; leading foundations and impact investors; other CDFIs; and policymakers at the state and local level.

Who We Are

PCV is a 25-year-old 501(c)(3) nonprofit community investor that envisions a world of thriving communities where everyone has a fair shake. Our mission is to invest in addressing racial and gender wealth gaps, and build community wealth by investing in small businesses, help them

create good jobs for working people, and make markets work for the common good. We achieve our mission through a “Good Jobs, Good Business” model that combines affordable loans with pro-bono advising, small grants, and tools and incentives to create dignified good jobs. In 2022, 90% of PCV’s loan capital supported women and/or BIPOC-owned businesses, and 97% supported small businesses located in economically distressed areas.

Position Overview

This position will report to the Chief Lending Officer. This is a wonderful opportunity for an experienced lender with leadership skills to provide mentorship, manage a growing small business lending program and contribute to community development.

General Duties

●       Lead and manage the lending team, providing guidance, mentorship, and support to achieve performance and impact targets.

●      Oversee business development efforts, including representing PCV at industry and community events; and building trusted relationships with community partners and loan applicants.

●      Oversee the underwriting and approval process for loan applications, ensuring compliance with internal policies.

●      Manage the loan closing process and work closely with the Business Advising team to ensure smooth post-investment mentorship support, towards good jobs and wealth-building outcomes.

●       Collaborate with the portfolio management team to monitor and evaluate the performance of the loan portfolio, implementing strategies to optimize portfolio impact and quality.

●       Cultivate and maintain relationships with key stakeholders, including borrowers and community partners.

●       Identify opportunities for process improvement and product innovation.

●       Prepare reports, presentations, and analyses to communicate lending performance and trends to stakeholders, including the Board.

●       Work closely with the Finance team on Lending/Accounting integration and reporting.

●      Help build and promote a just and equitable organizational culture at all levels, and in our work.

Qualifications, Skills & Experience:

We strive hard to be a diverse and inclusive place to work. We value new perspectives, original ideas, and different ways of working. You will bring a background of working with dynamic teams and projects, as well as excellent analytical and communications skills that you are eager to apply to

complex social problems. You should demonstrate a deep commitment to creating social and environmental benefit, under-invested people, and places.

Requirements

●      5+ years of relevant professional experience in either portfolio / asset management, loan servicing, compliance, or reporting (bonus if with another non-SBA small business lender)

●      Familiar with Salesforce, MS Office Suite, with a strong aptitude for learning new computer programs quickly

●      Experience leading a team, mentoring and managing people, building a values-based culture

●      Some proven experience with fundraising - investment capital or grants - to support a largely BIPOC and women-led small business community

●      Flexibility and comfort with a mission-driven environment, and a small and growing organization

●      Fast-learner, who demonstrates humility, openness, transparency, empathy, etc., as consistent with PCV values

Location/Travel

This position will be based at our headquarters in Oakland long-term.

Position type: Full Time (Hybrid)

Location: Oakland, CA (PCV has office space in downtown Oakland where teams coordinate to intentionally meet in person in the Oakland office once a month.  Additionally, travel is required to attend conferences…

Benefits

·      15 Paid Holidays

·      15 PTO/SICK

·      Employer paid benefits (dental, medical, vision)

·      403B Retirement match

·      FSA

·      Annual Performance bonus

·      15 Paid Holidays

·      15 PTO/SICK

·      Employer paid benefits (dental, medical, vision)

·      403B Retirement match

·      FSA

·      Annual Performance bonus

Location

Hybrid
Work must be performed in or near Oakland, CA
Oakland, CA, USA

How to Apply

Interested candidates must be legally authorized to work in the United States. They should send a résumé and cover letter via e-mail to hr@pcvmail.org with the words “Associate Director of Lending” in the subject line, by June 21st. No phone calls, please

 

Interested candidates must be legally authorized to work in the United States. They should send a résumé and cover letter via e-mail to hr@pcvmail.org with the words “Associate…

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