Basic Job Function
The Managing Director of Credit and Policy provides leadership and management of the credit underwriting and credit policy functions of Capital Solutions. The position will be in either Chicago or Detroit, but will require regular dialogue, coordination, and collaboration with Capital Solutions’ staff throughout IFF’s footprint. The Managing Director will provide broad loan policy oversight and specific input and guidance on loan underwriting and structuring. He/she is responsible for consistent application of policy and underwriting principles for all loan requests. The Managing Director will work closely with the Managing Directors of Lending and Managing Director of Portfolio Management to ensure alignment in approach to target market, and correct and consistent application of policy and underwriting throughout Capital Solutions. The Managing Director will also provide oversight to IFF’s team of credit analysts) and coordinate closely with the Managing Directors of Lending on credit analysts support for loan underwriting.

Job Duties and Responsibilities:
  1. Provide guidance, insights, and feedback on structuring, underwriting, and presentation of new loan requests and/or loan modifications.
    1. Provide direct oversight to team of Credit Analysts, about credit memos and support of originations team. b. Assist Lenders and provide feedback on loan structuring and underwriting memos in advance of loan committee to ensure optimal request for approval.
  2. Primary leadership and ownership of IFF Credit Policy about regular updates, adherence, and explanation.
    1. Maintain and lead updates of IFF loan policies and risk rating methodologies in conjunction with Chief Credit Officer, Chief Lending Officer, other senior Capital Solutions staff, and President – Core Business Solutions, as guided or directed by IFF Board of Directors.
    2. Ensure loan requests and modifications follow process and protocol consistent with approved policies.
3. In coordination with the Senior Vice President, Chief Credit Officer and CLO, supports the financial and risk goals of IFF’s Lending and Structured Finance business.
  1. Identify product or programmatic opportunities to meet the needs of IFF target market customers and communities.
  2. Ensure new products and programs incorporate the appropriate risk criteria and capital investment parameters.
  3. Participate as a voting member of IFF’s internal credit committee and assess risks, mitigants and optimal structuring of individual loan requests.
4. Coordinate closely with CCO, CLO, Finance Department, Resource Development, and other key staff to support projects and initiatives, new requests, investor and funder relationships and ongoing reporting.

5. Maintains required job knowledge and skills and core professional competencies. Attend and participate in required educational programs and staff meetings.

6. Perform other duties as assigned.

Performance Measures:
  1. Review and help structure credit action memos submitted by members of the lending and portfolio management teams to include a thorough credit analysis and an explanation of risks and mitigants necessary to support decisions being considered by IFF’s Internal Credit Committee.
  2. Participate in the presentation of loan requests during internal credit committee meetings by adding commentary insights.
  3. Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.
  4. Models’ personal accountability that promotes ownership and engagement.
  5. Builds and maintains effective working relationships with colleagues, peers, and team members.
  6. Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community.

Position Qualifications:
Education: MBA or MA strongly preferred, preferably in business, accounting, finance, or community development. A Bachelor’s degree plus ten years additional relevant experience may substitute for an advanced degree.
Previous Experience: Minimum of ten years of experience in banking, commercial mortgage lending, real estate or community development required with a track record of growth and increasing responsibility, including management responsibilities. Demonstrated competence in commercial real estate lending, cash flow and project analysis, underwriting, structuring, and lending policies and procedures, and loan closing process. Experience with nonprofit financials preferred.

Special Knowledge & Skills:
  1.  Knowledge of community development principles and real estate finance and development.
  2. Familiarity with construction and lending practices and terminology; good interpersonal skills; high level written and oral communication and 5 presentation skills, experience in formal presentations; proficient computer software user, including spreadsheets and databases.
  3. Thorough understanding of financial statements and credit analysis.
  4. Ability to think creatively about problems.
Unusual Requirements: Periodic travel throughout the Midwest; Occasional evening and weekend work.

Application Instructions: Applicants please submit a cover letter, resume, and salary requirements for “Managing Director, Credit and Policy.”

IFF values equity, diversity, and inclusion as part of its mission to strengthen nonprofits and the communities they serve. IFF is an equal opportunity employer.

Department: Capital Solutions
This is a management position
This is a full time position

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