BlueHub Loan Fund (BHLF or the Loan Fund), an affiliate of BlueHub Capital (BlueHub), seeks a Chief Credit Officer (CCO) to support our real estate-based community development lending program to a diverse set of borrowers. These include real estate developers, charter school and community health center operators, and non-profit and social enterprises serving low-income families and communities. BHLF currently has a loan portfolio of approximately 163 borrowers with aggregate outstanding balances of over $325 million.
The Chief Credit Officer (CCO) will lead BlueHub Loan Fund’s credit function and risk management, ensuring the quality and performance of our lending portfolio. This role requires deep credit experience, the ability to identify, evaluate and proactively manage risk, and a commitment to our mission as a community development financial institution. The CCO will develop creative strategies to mitigate risk, enabling mission-aligned deals while protecting the organization from undue exposure. The CCO reports to the President of the Loan Fund and is pivotal to the continued success and growth of the Loan Fund. The CCO operates in a collaborative, cooperative team environment, working closely with the lending and portfolio management teams and the Loan Fund President.
We are seeking a candidate who is local to the Boston, MA area and comfortable working a hybrid schedule of three days of work in the office (Tuesday, Wednesday, Thursday) and two days of remote work (Monday & Friday). We will consider out of state candidates who are willing to relocate to Boston.
Essential Duties and Responsibilities:
The Chief Credit Officer will be responsible for the following essential duties and responsibilities, as well as other duties as assigned.
Credit Review:
Lead the review, underwriting and evaluation of proposed lending opportunities through triage (initial review of credit and social impact), underwriting, credit approval and closing.
Credit Policy and Procedure:
Play a leadership role in developing, updating and overseeing implementation of credit policies and procedures that align with the strategies and objectives of the Loan Fund.
Portfolio Risk Management:
Work with the SVP Portfolio Management and the Loan Fund President to effectively monitor and proactively manage risk in the Loan Fund’s portfolio, including through the following tasks.
Team Leadership:
Play a key role in the Loan Fund leadership team.
Stakeholder Collaboration:
Support the Loan Fund's strategic, effective and responsive engagement with internal and external stakeholders, including BlueHub CEO and CFO.
Preferred Qualifications and Skills:
About BlueHub:
BlueHub Capital is a mission-driven, nonprofit community development financing organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $3.1 billion (and leveraged over $16.1 billion) to finance:
Increasing economic opportunity is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on communities that have been systematically denied access to capital. Our offices are located in the Roxbury neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, www.bluehubcapital.org.
BlueHub Capital is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual’s qualifications for a specific job opening.
BlueHub Loan Fund (BHLF or the Loan Fund), an affiliate of BlueHub Capital (BlueHub), seeks a Chief Credit Officer (CCO) to support our real estate-based community development lending program to a diverse set of borrowers. These include real estate developers, charter school and community health center operators, and non-profit and social enterprises serving low-income families and communities. BHLF currently has a loan portfolio of approximately 163 borrowers with aggregate outstanding balances of over $325 million.
The Chief Credit Officer (CCO) will lead BlueHub Loan Fund’s credit function and risk management, ensuring the quality and performance of our lending portfolio. This role requires deep credit experience, the ability to identify, evaluate and proactively manage risk, and a commitment to our mission as a community development financial institution. The CCO will develop creative strategies to mitigate risk, enabling mission-aligned…
BlueHub invests in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits for full-time employees include:
BlueHub invests in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits for full-time employees include: