Summary
Land Bank Twin Cities, Inc. seeks a Community Lending Program Manager (Program Manager) to play a critical role in supporting the Community Lending program. The Program Manager will ensure the efficient management of the lending process from origination and servicing to loan closeout. This position requires an analytical thinker with excellent project management, organizational and interpersonal skills.
About Land Bank Twin Cities, Inc.
Our Mission
The Land Bank captures strategic real estate opportunities to benefit people with low to moderate incomes, prioritizing BIPOC+ and populations facing barriers.
Our Vision
All people in the seven-county metropolitan region of the Twin Cities have the opportunity to live and prosper in a community of their choice.
Land Bank Tools for Impact
- Land Banking: Acquiring and holding properties to preserve opportunities, allowing time for the community to build partnerships to implement their vision and secure financial resources.
- Lending: Offering traditional financing with lending criteria tailored to mission-driven housing, commercial and multi-use developments.
- Brokering: Identifying appropriate locations and negotiating the purchase or sale to meet the needs of mission-driven partners.
- Technical Assistance: Answering questions, explaining terms, reviewing options, making recommendations or referrals and guiding partners through the process.
- Property Management: Managing properties while they are being held to generate revenue that helps offset holding costs, mitigating risk and financial exposure.
Job Duties & Responsibilities
Program Management
- Ensure loan policies and procedures are implemented.
- Manage loan files from borrower intake through loan closeout.
- Review and analyze new borrower applications.
- Borrower and project underwriting.
- Prepare credit memos for President or Board credit approvals.
- Input loan terms into loan document templates.
- Process loan draws and coordinate with finance team for loan disbursements.
- Ensure required loan reporting is submitted at loan closeout.
- Assist Director of Community Lending on special projects and initiatives.
Borrower Relations
- Facilitate discovery calls with prospective borrowers.
- Positive, proactive communication with prospective and active borrowers.
- Coordination with external parties including title company closers, government staff and program vendors.
- Represent Land Bank at external events.
Program Team Collaboration
- Participate in program team meetings and cross-functional program initiatives.
- Collaborate with Strategic Acquisition Program staff on opportunities that span both programs.
- Contribute to collaborative organizational culture through effective communication and team-building activities.
- Ensure consistent external messaging across programs.
Administrative Duties
- Prepare and update community lending program materials.
- Utilize loan servicing software and CRM to maintain program records.
- Provide community lending reports as requested for fundraising or senior management purposes.
- Assist with annual program budgeting process.
Knowledge, Skills & Abilities
- Ability to handle confidential and sensitive information with discretion and tact.
- Strong project management skills including task management, organization and time management.
- Proven experience in lending.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills, with the ability to build relationships and work collaboratively with diverse partners and key parties.
- Demonstrated ability to manage multiple priorities and projects in a fast-paced environment.
- High level of integrity, discretion and professionalism.
- High level of emotional intelligence and cultural competency.
- Proven ability to contribute to an inclusive, high-functioning team culture.
Minimum Qualifications
- 2+ years of relevant experience in residential or commercial lending or underwriting.
- Demonstrated real estate (residential, commercial and/or development) background and training.
- Familiarity with technology systems and information management systems.
- Proficiency in Microsoft Office (Word, Excel, Outlook, PowerPoint, etc.).
- Desired: familiarity and knowledge of real estate transactions.
Equity & Salary Disclosure
The salary range for this role is $75,000–$85,000 annually.
We believe in practices that create real equity and pay parity regardless of background or identity and we freely discuss compensation with all qualified candidates the first time we interview them. Saving the salary discussion for the first conversation allows us to fully understand the needs of each candidate and to ensure that qualified candidates, even those who’ve historically been overlooked and/or underpaid, don’t self-select out of the processes based on salary alone, as our experience and research suggest. In addition to those who opt out, because they fear the salary may be out of reach for them, we equally don’t want to miss out on conversations with candidates who are slightly over the range when in some cases the total compensation including factors such as bonuses, flexibility, and better health benefits, etc. may exceed expectations. Finally, as a search firm–we are always looking for top-notch talent to introduce to our clients. Should the salary or any other requirement not be fit, there is often a chance that someone on our team is working on another position you may be a better fit for. If you would like to discuss your qualifications for this role as well as discuss salary and compensation–just give us a call, and we’d be happy to discuss!
Equal Opportunity Employer
Land Bank Twin Cities and kpCompanies are equal opportunity employers and all employees and applicants for employment are afforded equal opportunity in every area of hiring and employment without regard to race, color, ethnicity, religious creed, national origin, ancestry, sex, gender identity, age, disability, mental illness, sexual orientation, genetics, military/veteran status, citizenship, arrest record and any other legally protected characteristic.
All submissions are received in the strictest confidence.
How to Apply
If interested, please submit resume and cover letter to HR@landbanktwincities.org.
Open until filled with review beginning August 16, 2024.
