[Hiring] Manager, Loan Underwriting @Avivar Capital

Role Description

To respond to growing client interest in customized debt and equity investment funds, Avivar is creating Avivar Capital Fund Management, LLC (AFM). AFM will have two groups: Debt Capital Solutions and Equity Capital Solutions. The Manager of Loan Underwriting plays a critical role in advancing Avivar's mission by overseeing all credit underwriting activities specifically within the Debt Capital Solutions (DCS) function.

• Ensure the underwriting team meets annual lending and investment goals while responding to community needs in a rigorous, efficient, and impact-focused manner.
• Foster team cohesion and capacity, promote a client-centered approach to lending and investment activities, and work collaboratively across departments to strengthen internal processes.
• Contribute to the development of new products and strategies aligned with community priorities.
• Maintain strong attention to detail, particularly with respect to complex federal and state regulations, credit agreements, notes, guarantees, and collateral documentation.
• Comprehensive knowledge of inclusive and sustainable community development-focused commercial lending and portfolio management is required, including origination, processing, closing, and asset management.

Qualifications

• Bachelor's Degree required (Finance, Business, Economics, Engineering or related field). MBA is strongly preferred.
• Minimum of 5-7 years of experience working on complex real estate lending and underwriting (including affordable housing), deal structuring, and risk mitigation.
• Demonstrated experience leading staff and managing a department or program.
• Familiarity and experience with community real estate financing programs like New Market Tax Credits (NMTCs), Low Income Housing Tax Credits (LIHTCs), Historic Tax Credits (HTC), and Program Related Investments (PRIs).
• Experience and/or strong interest in CDFIs, impact investing, and community and economic development.
• Proven ability to cultivate and maintain diverse relationships; experience with lenders, investors, philanthropic organizations, and government agencies is a plus.
• Exceptional written and oral communication skills.
• Exceptional client management and client service skills.
• Expertise or lived experience in issues of racial and economic equity and the intersection of social justice with community economic development strongly preferred.
• Experience living, working, or organizing in the communities served by Avivar.
• Advanced Microsoft Excel skills and high proficiency with PowerPoint, Word, Outlook, and SharePoint.
• Exceptional project management skills, including the ability to create work plans and oversee junior staff in carrying out tasks.
• Ability to think and work independently in a fast-paced, team-based environment with minimal supervision.
• Ability to take initiative and work proactively.
• Exceptional team player with a positive attitude and ability to collaborate effectively.
• Excellent problem-solving and analytic abilities.

Requirements

• Will manage at least one direct report.
• This position is full-time, exempt.
• Reports directly to the Managing Director, Debt Capital Solutions.
• Base salary range for this position is set at $105,000-$129,000 annually, commensurate with experience and qualifications.
• Willingness to travel, on average, one week per month, which may be more concentrated in certain seasons.

Benefits

• Competitive benefits package including health, retirement, and paid time-off.

Work Environment

• Avivar is currently a virtual operation with frequent online meetings and remote offices.
• The full team aims to gather in-person once per year, with project teams gathering periodically at client meetings and industry conferences.

Physical Demands

• Remaining in a seated position for extended periods of time.
• Entering text or data into a computer or other machine by means of a traditional keyboard.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this role.

Affirmative Action Plan / Equal Employment Opportunity (AAP/EEO) Statement

Avivar Capital is deeply committed to building the field of impact investing by cultivating a diverse and inclusive next generation of impact investing professionals that represent the communities we serve. We believe that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool.