VP, Affordable Housing and Construction Loan Processing

June 3, 2024

Hybrid in California

Beneficial State Bank

Deputy Executive Director of Housing and Energy
June 3, 2024
Corporate Accounting Manager
June 3, 2024

The Affordable Housing and Construction Loan Processing Manager (AHCLPM) is responsible for managing the processes, procedures, personnel, and loan documentation related to Loan Operations for Affordable Housing and Construction Lending. This includes working with senior management to help develop and implement new or updated affordable housing and/or construction products as needed. The AHCLPM works directly with the Loan Operations Manager to make recommendations for best practices and implement decisions as they are made. This position works independently and is responsible for affordable housing and commercial construction loans, including monitoring and disbursing the loan through the end of the project, working with counsel, loan documentation, production and maintenance of collateral & credit files, collateral filing and control, tickler entry and follow-up, loan system reporting, loan inquiry and problem resolution directly and in support of the affordable housing and construction loan processors. The AHCLPM will collaborate effectively with internal and external partners to facilitate the closings of all Affordable Housing and Commercial Construction Transactions, with a strong understanding of affordable housing subordinate financing programs including 9% taxable and 4% Tax Exempt LIHTC, Participation loans programs. Additionally, the AHCLPM assists in review of presented affordable housing and construction projects and helps lay out a best-practices implementation based on loan-specific needs. This incumbent will have expert affordable housing and construction loan documentation and processing skills and will be adept at self-identification and application of complex problem resolution, reading and understanding the credit memo, loan documents, and associated due diligence reports.

Position Overview:

The Affordable Housing and Construction Loan Processing Manager (AHCLPM) is responsible for managing the processes, procedures, personnel, and loan documentation related to Loan Operations for Affordable Housing and Construction Lending. This includes working with senior management to help develop and implement new or updated affordable housing and/or construction products as needed. The AHCLPM works directly with the Loan Operations Manager to make recommendations for best practices and implement decisions as they are made. This position works independently and is responsible for affordable housing and commercial construction loans, including monitoring and disbursing the loan through the end of the project, working with counsel, loan documentation, production and maintenance of collateral & credit files, collateral filing and control, tickler entry and follow-up, loan system reporting, loan inquiry and problem resolution directly and in support of the affordable housing and construction loan processors.

The AHCLPM will collaborate effectively with internal and external partners to facilitate the closings of all Affordable Housing and Commercial Construction Transactions, with a strong understanding of affordable housing subordinate financing programs including 9% taxable and 4% Tax Exempt LIHTC, Participation loans programs. Additionally, the AHCLPM assists in review of presented affordable housing and construction projects and helps lay out a best-practices implementation based on loan-specific needs. This incumbent will have expert affordable housing and construction loan documentation and processing skills and will be adept at self-identification and application of complex problem resolution, reading and understanding the credit memo, loan documents, and associated due diligence reports.

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APPLICATION PROCESS: