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Construction Finance Manager

Houston, TX
Construction Finance Manager                                 

As the Construction Finance Manager, you will be a key partner in our ability to execute LiftFund's Mission.   To be a Lifter is to believe- that no matter their background- doors should be open for everyone.  We are among the leading community development financial institutions (CDFI) that have a coveted Four-Star rating from Charity Navigator. We support entrepreneurs--that work hard every day--to create a better life for themselves and their families, while providing jobs and services to the communities they serve.  Lifters are working across 14 states to provide affordable, responsible credit, create and sustain jobs, and stabilize communities. Our work transforms lives! 

LiftFund is recognized locally and nationally for our innovation, advisory services, and ability to be at the forefront of redefining the financial services industry at the community level. If you are looking for an opportunity to impact your community—we just might have the role for you!!!

POSITION SUMMARY
The Ascend Houston Program is a highly innovative public/private partnership with the City of Houston, government agencies, small MWBE contractors, major commercial and residential construction entities, and private sector businesses. The Program provides unique loan products and holistic support for small contractors. As a result, MWBEs and other small contractors can access the technical assistance and capital they need to grow their businesses through government and private sector contracts previously out of their reach. Through the integration of business counseling, lending and leveraged relationships, LiftFund can customize loans that support major growth for our client’s business.

The Construction Finance Manager will facilitate and administer contract-based lending primarily within the field of construction. The manager will work hands-on with clients, lending personnel, and management in the administering and monitoring of these construction, contract-based loans, to ensure compliance with LiftFund Inc. policies relating to the funding, documenting, loan packaging and reporting.

Key responsibilities
  • Packaging Loans
    • Manage LiftFund pipeline of construction applications
    • Perform due diligence of contractors by evaluating financial and operational factors pre lending and through servicing. This includes site visits, contact with suppliers, verifying references, reviewing, and analyzing financial documents including tax returns, work progress schedules, bank statements, profit and loss statements, balance sheets, cash flow statements, personal financial statements, as well as other documentation or proof of operations.
    • Package construction applications
      • Collect and analyze client data including but not limited to annual financial, contracting, bonding, insurance, compliance requirements and employment information.
    • Evaluate client data using databases, data analysis and outcome tracking. 
 
  • Servicing
    • Service LiftFund construction loans including assessment of financials of clients and projects to ensure successful payoff
    • Authorize draws on the LiftFund line of credit, to include verifying that conditions have been met.
  • Relationship Management
    • Actively participate in regular program specific meetings, trainings and events. 
    • Manage the client relationship including but not limited to tracking attendance at trainings, homework, contract work progress, insurance, bonding, financing, etc.
    • Work with contractors and third parties to monitor effective use of the line of credit, to include regular principal and interest payments. 
    • Manage the client relationship including but not limited to loan packaging and servicing, tracking work progress, validating invoices with vendors, documenting approved requisitions, initiating requests for financing draws, tracking repayment, monitoring maturity dates, etc.

To qualify for the role you must have
  • Four-year degree in a business or construction-related field.
  • Minimum of two years of experience may be substituted for education.
  • Minimum of three years in small business financing.
  • Minimum of two years working in underwriting for construction products including line of credit and working capital loans.
  • Minimum of one year in construction project management.
  • Knowledgeable of preconstruction and construction phases.
  • Understand requisitions and billing.
  • Have excellent written and oral communication skills.
  • Possess strong organizational skills and excellent attention to detail.
  • Ability to work in a team environment.
  • Ability to travel and assess client construction worksites.
  • Capable of managing multiple tasks with tight time deadlines.
  • Problem solving and decision-making skills are essential.
  • Strong knowledge of MS Excel required.

It Would Be Great If You Had (these are your preferred skills, knowledge, talents)
  • Nonprofit experience a plus.
  • Federal programming experience (SBA, EDA, CDBG)
  • Ability to speak/understand Spanish


What We Offer
A competitive benefit package.
Check us out on Linkedin and at Liftfund.com.   Apply here or at our website.

LiftFund provides equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, protected veteran status, disability status, or any other legally protected basis, in accordance with applicable law.


 
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