Also by Reinvestment Fund

Managing Director, Credit – Lending Department

Reinvestment Fund is a catalyst for change in low-income communities. We integrate data, policy and strategic investments to improve the quality of life in low-income neighborhoods. Using analytical and financial tools, we bring high-quality grocery stores, affordable housing, schools and health centers to the communities that need better access creating anchors that attract investment over the long term and help families lead healthier, more productive lives.

Reinvestment Fund’s investment program is unique in its range of expertise and approaches to financing. In addition to our core commercial lending activities, Reinvestment Fund also manages initiatives with the support of local or national foundations, and state, local and federal public agencies and governments.

About the Position

Reinvestment Fund is currently hiring a Managing Director, Credit within the lending and investment department. This individual will be responsible for overseeing the organization’s Credit function, including maintenance, execution and communication of loan policy, management of the loan approval process, and oversight of portfolio quality.  This individual will work directly with lenders to advise them on loan structuring, key risks, and other credit matters to ensure that loans are underwritten in a consistent manner and in accordance with policy.  It is anticipated that this position will have staff management responsibilities.  This position is part of a team of high capacity professionals tasked with meeting the needs of our high mission borrowers in a fiscally responsible manner. The Managing Director, Credit reports to Reinvestment Fund’s Chief Investment Officer.

While Reinvestment Fund’s Philadelphia office is closed for social distancing, the individual will be expected to work remotely.


Credit Management

  • Exercise oversight of lending risk management: maintain loan policy and ensure that all relevant policies, procedures, internal controls and processes are kept up-to-date, are well communicated and consistently applied.  Regularly evaluate for sufficiency and accuracy.
  • Provide assistance, direction and coaching to lending staff on underwriting, loan structuring and other credit matters.
  • Review loan term sheets to assess appropriateness of terms being offered and to facilitate early identification and triaging of potential underwriting issues.
  • Review credits to assess adequacy of analysis provided and to ensure loans are underwritten and structured in accordance with loan policy.
  • Manage loan approval process:  manage credit committee schedule, distribute meeting materials, ensure that loans are approved under the appropriate credit approval authority, and ensure that evidence of approvals are accurately documented.

Portfolio Management

  • Establish goals and schedule for annual portfolio review work plan.
  • In coordination with Lending leadership team, lead process to ensure ongoing high-quality assessment of portfolio performance and consistency in risk assessment, identify areas of portfolio risk, and incorporate portfolio performance feedback into ongoing underwriting.
  • Participate in monthly Criticized Assets meeting and inform strategy for troubled loans.
  • Manage loan modification and extension process for timely approval and documentation; ensure that sufficient analysis is completed to identify changes to risk profile resulting from modification or extension.

Department Planning & Capacity-Building

  • Serve as an integral member of the department’s leadership team and develop strong relationships with internal partners.
  • Contribute to the development of long-range plans, including strategies, processes, and initiatives that support the Investment department’s long-term growth and profitability.
  • In coordination with Lending leadership, identify staff training needs and coordinate group training sessions.


Qualified candidates will have financial industry background, experience in commercial loan underwriting and a demonstrated affinity for systems and continued process improvement.  He or she will be detail-oriented as well as attendant to the broad scope of Reinvestment Fund’s mission and needs.  While Reinvestment Fund is observing social distancing, candidate must be able to work remotely (laptop computer to be provided).


  • Minimum Bachelor’s degree, Master’s degree preferred.
  • Minimum of 7 years of experience in the financial industry, with direct experience in underwriting.
  • Strong preference for candidates with relevant experience in managing staff members and/or in leadership positions with increasing responsibility.


  • Must be highly organized and detail oriented with demonstrated ability to prioritize and complete conflicting deliverables on-time.
  • Strong understanding of financial analysis, cashflows, loan structuring and collateral valuation.
  • Can balance day-to-day functions with “big picture” perspective.
  • Excellent problem solving skills.
  • Must be an effective communicator to a diverse audience.
  • Proficiency in Word, Excel, PowerPoint at a minimum.
  • Familiarity with Salesforce, Sharepoint, Agresso or other relevant software.

Compensation and Benefits

Reinvestment Fund offers a competitive salary based on experience and skills, as well as an excellent benefits package including employer-paid health, disability and life insurance, 401(k) savings plan with employer match, flexible spending accounts (medical, dependent care and transportation), tuition reimbursement, paid time off, and EAP program.


Reinvestment Fund uses E-Verify to validate all new hires’ ability to legally work in the United States.  Reinvestment Fund is an Equal Opportunity Employer.  We do not discriminate in hiring or employment practices on the basis of race, color, religion, gender, age, sexual orientation, marital or familial status, national origin, non-job related disability, or status as a veteran.  Minority candidates are strongly encouraged to apply.  Reinvestment Fund is committed to diversity, equity and inclusion (DEI) throughout our Organization and in our external investment practices.

Reinvestment Fund, Inc. has an affiliate, RF Impact Advisers, Inc. (“RFIA”) that is a state-registered investment adviser.  In order to advance compliance with and prevent violations of federal and state securities laws and to avoid even the appearance of a conflict of interest, RFIA has adopted a Code of Ethics to govern certain conduct of its staff, including certain staff of Reinvestment Fund because Reinvestment Fund is an advisory affiliate of RFIA.   As part of this Code of Ethics, there are specific personal reporting and other requirements and disclosures of personal financial and/or securities transactions information. For certain individuals this reporting will extend to your household members. You may be subject to a background check.

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