As the Business Finance Manager: Emerging Construction 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 Programisa highly innovative public/private partnership withthe City of Houston government agencies, small MWBEcontractors, major construction and residential construction industries and private sector businesses. The Programprovides unique loan products and holistic support for small contractors. As a result, MWBE andother 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, LiftFundcan customize loans that support major growth for client business.
TheConstruction Business Finance Managerwill facilitate and administer contract-based lending primarily within the field of construction. The manager will work hands-on withclients, lending personnel,and management in the administering and monitoring of these construction, contract-based loans, to ensure compliance withLiftFund Inc. policiesrelating to the funding, documenting, loan packaging and reporting.
Perform due diligence of contractors by evaluating both financial and operational factors both pre, during, and post-loan. This includes site visits (visits to work sites), contact with suppliers, verifying references, reviewing, and analyzing financial documents such as tax returns, work progress schedules, bank statements, profit and loss statements, balance sheets, cash flow statements, personal financial statements, as well as any other documentation or proof of operations.
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.
Attract minority, small business construction businesses to LiftFund as a financing solution.
Manage LiftFund pipeline of construction applications
Package construction applications associated with LiftFund’s construction loan goals for 2021 and 2022.
Service LiftFund construction loans including assessment of financials of clients and projects to ensure successful payoff
Collect and analyze client data including but not limited to annual financial, contracting, bonding, insurance, compliance requirements and employment information.
Manage the client relationship including but not limited to tracking attendance at trainings, homework, contract work progress, insurance, bonding, financing, etc.
Process and monitor contract-based loans for firms.
Collect information for client business profiles
Authorize draws on the LiftFund line of credit, to include verifying that conditions have been met.
Work with contractors and third parties to monitor effective use of the line of credit, to include regular principal and interest payments.
Prepare monthly/quarterly/annual reports to Manager.
Evaluate client data using databases, data analysis and outcome tracking.
Actively participate in regular program specific meetings, trainings and events.
Travel within the metropolitan area is required, and attendance at evening workshops/training at a minimum 1X/week
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 three years in construction project management experience with government-owned, large institutional and/or residential projects.
Understand all stages of preconstruction and construction and possess the skillsets required to successfully manage a project to completion.
Understand requisitions and billing.
Have excellent written and oral communication skills.
Experience in applying business coaching skills applicable to MWBE and small construction contractor needs.
Possess strong organizational skills and excellent attention to detail.
Ability to work in a team environment.
Present as a subject matter expert in contracting for LiftFund
Travel may be required
Flexible hours periodically including evenings and weekends
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.
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.