Director, Credit & Compliance

Enterprise Community Partners
tuition reimbursement, 401(k), relocation assistance
United States, Ohio, Cleveland
3060 East 9th Street (Show on map)
Dec 10, 2024
Enterprise is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $72 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands - all to make home and community places of pride, power and belonging. Join us at enterprisecommunity.org Working at Enterprise At Enterprise, you'll be part of a diverse, committed team making a difference every day. You will collaborate with some of the smartest minds and biggest hearts in our field. You'll be empowered to drive systems change and take bold steps to advance racial equity. And you will find a career home where you're valued and supported in your growth journey. Enterprise offers career opportunities in our offices across the country with anexceptional benefits package. Job Description Summary Enterprise co-founded Power Forward Communities (PFC), a landmark coalition with some of the country's most trusted community development, climate, and housing organizations. It is purpose-built to decarbonize America's homes and drive a market transformation that cuts costs, benefits renters and homeowners, and focuses on low-income communities nationwide. The EPA hasawarded thecoalitiona $2 billion National Clean Investment Fund (NCIF) grant. Together with our coalition partners Enterprise will use this award to deploy a powerful combination of financing, market building, and community engagement to create healthier, safer, and more affordable homes. The Director, Credit and Compliance will be a core member of Enterprise Green Accelerator, a business line responsible for investments made with National Clean Investment Fund (NCIF) grant funds received as part of the Power Forward Communities (PFC) award. Ultimately, this is a tremendous opportunity to shape equitable affordable housing and community facility decarbonization. The Director, Credit and Compliance will be responsible for a variety of tasks associated with the management of Enterprise Green Accelerator's (EGA's) credit, compliance and asset management activities for a portfolio consisting of rehab, new construction, bridge and solar products, among others. The position will also be responsible for establishing and maintaining standards and procedures for underwriting, approval, closing and monitoring of all investments to ensure compliance with NCIF requirements, including Davis Bacon and Related Acts (DBRA) and Build America Buy America (BABA). As such, the position will be responsible for ensuring that loan proceeds are deployed in accordance with eligible uses of funds and that all financing meets federal requirements, with ultimate responsibility for the timing and accuracy of all reporting to EPA. The position will manage a team of four. The Director, Credit and Compliance will report to the Vice President, Green Lending. This position may be based in any of the following locations: Atlanta, GA; Chicago, IL; Cleveland, OH; Columbia, MD; Denver, CO; Detroit, MI; Los Angeles, CA; New Orleans, LA; New York, NY; San Francisco, CA; Seattle, WA; Washington, D.C. Job Description The Director, Credit and Compliance will: Establish and maintain credit policies and lending standards for EGA to ensure investment proceeds are used for eligible purposes and that risk tolerances are maintained. This includes recommending the approval process and approval authorities. Recommend approval process and approval thresholds, including creation and management of an investment committee. Develop monthly reporting requirements to support portfolio management from a credit perspective. Establish procedures and systems for compliance with federal building and reporting requirements, including but not limited to: Davis-Bacon and Related Acts, Mega Construction Project Program, Build America Buy America, National Historic Preservation Act, Uniform Relocation Assistance and Real Property Acquisition Policies Act. Implement payroll reporting and compliance management software products to meet DBRA documentation requirements for all construction projects. Review monthly, quarterly, and annual reports and data for accuracy and timely delivery to PFC and the EPA. Effectively manage the credit, asset management and compliance team. Complete applicable ongoing reporting requirements in partnership with Enterprise and PFC team members. Stay up to date on relevant laws, grant regulations, policies and procedures to ensure compliance and adherence to programmatic guidelines. Collaborate with cross-functional teams including investments, finance, and legal to integrate compliance measures into project management processes. Oversee periodic reviews (both internal and of portfolio partners) to assess the effectiveness of portfolio compliance controls and identify areas for improvement. Promote a culture of compliance across the organization, including promoting awareness and understanding of compliance obligations. Qualifications: The ideal candidate will bring a range of experience and attributes to Enterprise: Undergraduate degree required, master's degree in business, economics, urban planning or real estate is strongly preferred. Minimum of ten (10) years of experience in banking and finance, real estate, nonprofit, real estate development or relevant field. Extensive credit and loan underwriting experience required, including expertise in clean energy and affordable housing projects. Ability to manage multiple projects and assignments, meet tight deadlines, coordinate and communicate effectively among widely dispersed parties. Knowledge of pertinent legal documents to close, modify and administer a loan. Strong computer aptitude, including knowledge of Microsoft Office Suite Programs, other database software; and Salesforce is highly preferred. Ability to work well in a team environment and work cross functionally with other departments is essential. Experience and successful track record with federal compliance programs a plus. Knowledge of relevant federal regulations, including 29 CFR, 2 CFR and OMB circulars a plus. Demonstrated commitment to racial equity, social justice and climate justice. Ability to travel up to 10% of time Total Rewards at Enterprise: You will be working with a group of talented professionals who are motivated by serving the community and addressing the need for affordable housing. Enterprise offers a comprehensive total rewards package for you and your family. The base salary for this role is $ 131,000 to $ 200,000, depending on level of skills and experience. The salary range for this position is represented by the low and high end of the range for the amount to be paid for the position. Salaries paid at Enterprise will vary based on factors that may include skills, education, location, experience, and performance. The salary range is just a part of the total rewards package provided to employees at Enterprise, and other rewards may include annual performance bonuses and generous paid leave programs. At Enterprise, our benefits form a major component of our total rewards package. Benefits include dental, health, and vision care plans, as well as family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care. Enterprise allows flexible work arrangements to promote a better work-life balance. We offer health advocacy, EAP, and mental health benefits. We round out our total rewards package by offering financial education, wellness programs, and auto-enrollment in the company's 401(k) plan with employer matching contributions. Finally, you will have learning and development opportunities, including tuition reimbursement for job-related courses and certifications. Thank you for your interest in joining the Enterprise team in our effort and commitment to serve others. #DL #LI #ID #LI-Hybrid #LI-NU1