Organization Overview:
The Network for Oregon Affordable Housing (NOAH) is a nonprofit community development financial institution (CDFI) that provides financing for the development and preservation of affordable housing throughout Oregon. Formed in 1990 to increase the supply of safe, healthy, and stable housing, NOAH now administers over $300 million of loan capital through a growing array of loan programs to support the preservation and development of new affordable housing.
Since its founding, NOAH has steadily served as one of the leading affordable housing lenders in Oregon. NOAH plays a unique role in the industry and our lending blends strong fundamental lending practices with the opportunity to apply creative solutions to customer challenges. In addition to lending, NOAH actively engages in advocacy and policy work in Oregon and nationally. We bring passion to our work because we understand that access to safe, healthy and affordable housing is the path to stability and opportunity. NOAH is further committed to using our platform to address racial justice and social equity.
NOAH serves diverse populations and seeks candidates who reflect our communities including people of color, veterans, and people with disabilities.
Applicants with a range of work history and lived experience are invited to apply.
To apply, please send a resume and cover letter to hr@noah-housing.org.
Position Summary:
This position serves as the primary contact in the lending relationship between NOAH and its customers during the underwriting and closing process. This includes developing new and managing existing relationships with affordable housing developers; providing technical assistance; and structuring and underwriting loans.
Essential Responsibilities:
- Develop and maintain strong borrower relationships, cultivate new business opportunities, assist borrowers in applying for loans and structuring successful transactions.
- Review appropriate due diligence to evaluate new transactions.
- Properly identify key risks and recommend structures that meet customer needs and appropriately manage NOAH’s risk.
- Prepare loan proposals and present to the Loan Committee.
- Analyze project performance prior to loan funding.
- Work with the Loan Closer to effectively coordinate and manage loan closings.
- Monitor a portfolio of existing real estate credits to ensure on-going compliance with loan documents and minimize risk of potential loss.
- Work in a team environment that will require coordination and communication with the customers, project teams, and co-workers.
- Assist in new product development.
- Special projects as assigned.
Qualifications and Skills:
- Bachelor’s or master’s degree in finance, real estate, or related field or equivalent lived experience.
- 3+ years of lending or affordable housing experience.
- Strong relationship management and customer service experience.
- Excellent communications skills.
- Well-developed analytical and problem-solving skills.
- Advanced knowledge of credit and credit quality.
- Working knowledge of Outlook, Word, Excel, and Access.
Value-Add Qualities and Skills:
- Strong desire and ability to learn complex financial structures.
- Able to work both independently and in a team.
- Ability to solve problems and communicate effectively in writing and orally.
Compensation and Benefits:
- 100% of the employee’s coverage of all insurance benefits. Coverage for dependents is available at the cost of the employee.
- 401(k) with a 4% match and the potential for additional matching.
- Paid family leave.
- Potential for annual bonus compensation.
- Generous vacation and sick leave.