Senior Loan Officer

Job Summary

Qualifications: BSC and HND in accounting 
Location: Ojodu Berger Lagos

Salary: 250k plus other benefits 
Work days : Mon - Saturday 
Experience: 3-4years

RESPONSIBILITIES
• Manage Loan Officers to include monitoring business development activities, assigning loans for underwriting, coordinating staff professional development and training opportunities, and conducting annual staff performance evaluations. 
• Conceptualize lending policies and procedures. Develop, organize, coordinate, 
recommend, and implement systems to ensure that appropriate due diligence is completed.
• Together with the Director of Lending, set annual loan production goals. 
• Develop marketing plans, including developing collateral materials, identifying speaking opportunities, and other outreach strategies. Implement the marketing plans.
• Structure loans appropriate for borrower needs, according to HAC guidelines. 

Prepare and negotiate loan proposals with borrowers and partners (term sheets and commitment letters).
• Underwrite and review loan applications, and review criteria and guidelines to 
ensure that loan applications are underwritten in accordance with established 
HAC loan fund policies and procedures. Recommend loans for approval to the
Director of Lending, Chief Executive Officer, or Loan Committee with suggested • Review underwriting memos and recommendations made by Loan Officers prior to submission for approval.
• Oversee and coordinate the Self-Help Homeownership Program (SHOP) 
underwriting process.
• Coordinate with Senior Portfolio Manager and Portfolio Management team
throughout the loan closing process.
• Coordinate with Senior Asset Manager and Asset Management team 
throughout the life of the loan, assisting with loan modifications, as needed. 
• Assist with loan capital raising and in the preparation of funding applications 
(e.g., SHOP, CDFI, USDA, private investors).
• Communicate with loan fund staff and borrowers regarding loan financial 
performance, project and organizational status, and workout strategies; and 
prepare/review loan commitment modifications, reductions, and cancellations.
• From time to time, work on miscellaneous projects and initiatives related to 
either the lending functions or across the organization as needed.

QUALIFICATIONS
• Bachelor's degree and at least 5 years of related work experience with a 
financial institution or community development lending entity.
• Significant experience in and/or knowledge of affordable housing 
development processes, with emphasis on loan underwriting, deal structuring, 
project feasibility, and analysis of real estate loans for single- and multi-family 
housing, rehabilitation, and preservation. 
• Experience in rural housing programs preferred.
• Comprehensive knowledge and experience with standard principles related to 
real estate transactions, property transfers, appraisals, and collateral/security. 
• Commitment to HAC’s mission: commitment to social justice issues and  interest in rural, low-income housing.
• Management and supervisory experience. 
• Superior organizational skills and ability to prioritize and manage multiple tasks/projects and meet deadlines. 
• Detail-oriented.
• Proficient in the use of computers and standard business software (e.g., 
Microsoft Office), ideally with experience with loan tracking databases and systems. 
• Ability to effectively communicate, verbally and in writing, with a range of constituents (i.e., potential and existing borrowers, federal agencies, HAC’s Loan Committee). 
• Superior analytical and problem-solving skills. 
• Demonstrated ability to protect and maintain confidentiality of information

Qualified and experienced candidates should send cover letter to hr@creditaupportng.org using the role as subject of the mail. Please don't apply if you are not experienced.