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Loan Monitoring Associate
Community Vision Capital & Consulting

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Loan Monitoring Associate

Community Vision Capital & Consulting
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Job Summary

Job Type
Job Last Posted
Job posted 19 days ago
Job Role
Employer's Industry
Nonprofit, Finance & Legal

Job Description

  Communities on the margins of opportunity deserve a trusted partner on their journey towards financial growth and stability. As a locally invested, collaborative partner in social justice and financial equity, Community Vision Capital & Consulting (formerly Northern California Community Loan Fund, or NCCLF) provides nonprofits, small businesses, and social enterprises with strategic investment and guidance, to deepen work, scale impact, and strengthen our communities.   Community Vision’s Lending Department provides loans and New Markets Tax Credit financing, with an emphasis on achieving greater racial and economic equity. Our borrowers have made use of our financing to develop affordable housing, build and acquire community facilities, create economic development projects, support access to healthy foods, and strengthen their operations in order to make a difference in the lives of the communities that they serve.   For more information on our programs and services, please visit our website at     Position Summary Community Vision seeks a highly motivated Loan Monitoring Associate to assist with ongoing loan portfolio monitoring and general asset management; loan renewals, extensions and occasional new loan requests; selected loan closings; and compliance and reporting operations for a highly successful community development financial institution (CDFI). Community Vision currently has a loan portfolio of approximately 100 borrowers totaling over $65 million, and a New Market Tax Credit (NMTC) portfolio of $150 million, covering eighteen projects.    The ideal candidate is someone with a background in commercial loan monitoring or asset management, and is familiar with community development and/or small business lending operations. The candidate must be a self-starter, have the demonstrated ability to accurately and efficiently work on several tasks simultaneously and have superior written and verbal communication skills. Finally, the candidate should enjoy working in an active and expanding nonprofit, and be able to thrive in a friendly, cooperative, and fast-paced environment.
   Primary Responsibilities  

  • Communicate      effectively with loan officers and loan closers to ensure proper hand off      and transition of responsibilities in a timely manner.
  • Communicate      effectively with borrowers in assigned portfolio and serve as one of the      primary points of contact for post-closing monitoring, disbursement and      servicing. 
  • Collect and review      quarterly financial statements and reporting documentation to determine      financial condition, credit-worthiness and on-going reporting and covenant      compliance for assigned borrowers as part of quarterly monitoring and loan      loss reserve evaluation.
  • Review and process      draw requests for revolving lines of credit and other working capital      loans, ensuring proper documentation and compliance with loan conditions.
  • Prepare renewals      for revolving lines of credit, and basic modifications and extensions for      all assigned loans.
  • In collaboration      with the appropriate underwriting team member, underwrite new basic      working capital loan requests from assigned borrowers.
  • Conduct periodic,      post-closing site visits and/or phone check-ins with selected borrowers.
  • Work closely with      Finance Department to ensure correct accounting for all loans and to      address loan servicing issues. 
  • Effectively track,      analyze, communicate, and make initial recommendations to Lending      Department management to address loan delinquencies and defaults for      assigned borrowers. 
  • Maintain the loan      portfolio management system (TEA) and related databases.
  • Maintain working      knowledge of loan policies and protocols.
  • Ensure accurate,      well-organized loan files, maintaining an audit trail of all monitoring      documents and materials.


  • Prepare and      maintain Lending Department operations and portfolio reports for internal      and external stakeholders.
  • Work      collaboratively with other departments to manage information, reporting      and document preparation for various internal and external needs including      quarterly reports to the CDFI Fund, New Markets Tax Credit program      compliance, funding requests, grant reports, annual audit, securities      permit application and compliance with investor covenants. 
  • Work      collaboratively with other departments on impact reporting and maintaining      Lending impact data in Salesforce.


  • For selected      loans, coordinate closing and funding process in conjunction with the      other members of the Loan Closing and Monitoring team, Loan Officers,      borrowers, outside legal counsel and title officers (as needed), and other      related parties.
  • Document and review      commercial loan transactions, focusing mainly on revolving lines of credit      and term working capital loans. 
  • Anticipate and      effectively manage closing problems by identifying and recommending      solutions to meet the needs of Community Vision and our borrowers.
  • Ensure accurate loan      files with respect to closing documents and materials.
  • Assist dedicated      loan closers on larger, more complex transactions.


  • Assist      or lead ad-hoc projects as assigned that may include industry research,      product development, operational efficiency, compliance and reporting      systems protocol, social impact tracking development, funding applications      or policy analysis 

Required Skills and Experience  

  • Bachelor’s degree      in a related field (urban planning, economics or finance, etc.) or      equivalent experience.
  • Minimum of two      years of experience in commercial loan monitoring and/or asset management,      preferably in the fields of either community development or small business      lending.
  • Must demonstrate a      high level of attention to detail and excellent judgment and      decision-making abilities.
  • Excellent written      and verbal communication and organizational skills.
  • Familiarity with financial      statement analysis, preferably for nonprofits but also small businesses. 
  • Database skills      (e.g. Salesforce) with a demonstrated proficiency in MS Office Suite.
  • Demonstrated      ability to consistently multi-task and manage a varied and occasionally      intense workload while maintaining a high degree of accuracy.
  • Ability to build      relationships internally and externally and elicit confidence by      demonstrating reliability and commitment to Community Vision’s mission and      values.
  • Strong team player      with the ability to work effectively in a cooperative and diverse      environment.
  • Enthusiasm,      entrepreneurial spirit, and a strong commitment to work in community      development.

Desired Qualifications, Skills and Experience  

  • Experience in loan      closing.
  • Understanding of      and experience with one of our key areas of affordable housing, nonprofit community      facilities, and/or food and enterprise lending.
  • Familiarity with commercial      loan documents and basic legal terms.
  • Understanding of      and experience with either the New Markets Tax Credit program or small      business lending.
  • Language ability      in commonly spoken languages (including Spanish, Chinese, Tagalog) is a      plus.

Relationships Position reports to the Director of Loan Closing and Administration. The position communicates regularly with borrowers and clients; attends and participates in Loan Committee meetings; interacts extensively with the lending team and staff/management in other Community Vision departments; and represents Community Vision at outside events and conferences.   Job Context Position is pivotal to the success of the Lending and Finance Departments and operates in a collaborative, cooperative, team environment. Workload will vary requiring flexibility with time. Outside and evening meetings are occasionally required.    Hours and Location  

  • Full-time position
  • Work hours will be      predominantly during regular business hours, although occasional evening      or weekend hours will be required. A flexible schedule can be accommodated.
  • Worksite will be      based within the offices of Community Vision in San Francisco and/or      Oakland, with some local and regional travel for site visits and      conferences.

Compensation and Hiring Principals Starting salary is $68,000-$85,000 depending upon experience, plus an excellent benefits package including health, dental, retirement plan and three weeks’ vacation.    We realize that the impact of discriminatory policy, institutionalized financial neglect, and systemic racism have resulted in a deep sense of distrust felt among communities on the margins of opportunity, including people of color, folks of various abilities, genders and sexualities, and communities with low financial wealth. We believe that these communities must be centered in the work we do. Hence, we strongly encourage applications from people with these identities or who are members of other marginalized communities.   To Apply To Apply: Send resume and cover letter (Attn: Loan Monitoring Associate Search) via email to  

Business Overview

Our Story


Team Size

11-50 team members


Culture & Perks

Child Care
Commuter Benefits
Health Benefits
Parental Leave
Paid Time Off
Retirement Benefits
Happy Hours
Team Events
Work From Home
Community Oriented
Mission Driven
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