Director, Credit & Compliance
Enterprise Community Partners - Cleveland, OH
posted 4 days ago
About the position
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. 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.
Responsibilities
- 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.
- 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.
Requirements
- 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.
Benefits
- Dental, health, and vision care plans
- Family-building benefits, such as fertility, adoption, surrogacy support, and gender-affirming care
- Flexible work arrangements
- Health advocacy, EAP, and mental health benefits
- Financial education
- Wellness programs
- Auto-enrollment in the company's 401(k) plan with employer matching contributions
- Learning and development opportunities, including tuition reimbursement for job-related courses and certifications
