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Lending and Compliance Associate

Partners for the Common Good, Inc. (PCG)
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Lending and Compliance Associate

 

The Organization:

Partners for the Common Good (“Partners”) is a national community development finance organization that operates a family of companies with a common mission to build economically thriving communities by expanding access to capital and financial services for low-income people and places.

 

As industry experts, Partners provides opportunities for capacity building, tailored financial services, impact measurement, and public policy advocacy to our network. Our unique business model is driven by the partnerships within our network of CDFI’s that provide responsible capital to communities across the United States. We also develop collaborative opportunities within the broader finance industry, impact depositors and mission-aligned institutions who see value in community development finance as a systemic solution to stabilizing vulnerable communities.

Partners operates the following entities:

 

  • PCG Loan Fund (PCG) – PCG is a national CDFI lending network with local impact focused on affordable housing and community facilities finance. www.partnersimpact.org.
  • Community Development Bankers Association -- CDBA is the national trade association for the CDFI, MDI and mission focused banking sector and advocates for the industry and communities they serve, www.cdbanks.org;
  • CDFinance News – is a community development finance industry digital publication and information sharing platform www.partnersimpact.org/cdfinance-news.

 

Founded in 2000, Partners created the CDFI industry’s first wholesale loan participation network that today has partnered with 70+ CDFIs in Washington, DC and 38 states, currently originates $40 million in participation transactions annually, and currently has an outstanding portfolio of nearly $90 million. In 2021, PCG launched the $50 million innovative off-balance sheet syndicated loan facility to expand PCG’s product offerings to the CDFI community. PCG also participates as a community development entity (CDE) allocating New Markets Tax Credits (NMTC). To date, PCG has received $200 million in NMTCs. PCG also provides contract servicing, monitoring, and advisory services for impact-focused external portfolios.

 

Our work is pioneering in its creation of new tools and infrastructure for community development finance organizations to manage portfolios and grow their scale and impact.

 

The position is based at Partners’ office in Washington DC. Partners operates on a hybrid schedule, combining in-office and remote work.

 

Major Responsibilities

 

The Lending and Compliance Associate is responsible for servicing and compliance for Partners’ growing lending and contract servicing portfolios. This role will also provide additional support to portfolio management. This position reports to the Director of Portfolio Management and will work closely with both the accounting and lending teams.

 

Job Duties and Responsibilities

 

  • Enter and maintain transaction data within the loan management system and prepare monthly portfolio reports.
  • Process payments for contract servicing clients.
  • Prepare monthly invoices and oversee payments and disbursements involving lending partners and borrowers; identify potential issues, communicate concerns to the Director of Portfolio Management, and recommend solutions.
  • Monitor borrower covenant compliance and ensure timely submission of all required financial reports.
  • Create and manage closing checklists and timelines; track and resolve outstanding conditions before disbursement. Coordinate closing activities with borrowers, internal teams, attorneys, title companies, and lending partners to support efficient and timely closings.
  • Assemble, organize, and upload complete closing packages into the loan system, Salesforce, and other internal systems. Review post-closing documentation for accuracy and follow up on missing or corrected items as necessary.
  • Review insurance certificates and related documentation to confirm compliance with policies and requirements.
  • Support the lending team with loan file audits.
  • Contribute to the enhancement and ongoing development of automated systems, including Salesforce.
  • Partner with internal departments to ensure timely and accurate reporting to investors and stakeholders.
  • Work with the Impact and Research Manager to gather and analyze lending and impact data for funding applications, reports, and related projects.
  • Record and maintain minutes for credit committee and other committee meetings.
  • Collaborate with the accounting team to identify and resolve discrepancies between systems and assist with the annual audit process.
  • Provide support for additional portfolio management, compliance, and analytical functions as needed.

 

Minimum Requirements:

 

  • Bachelor’s Degree in Business, Finance, Accounting or related field. This position requires one (1) to three (3) years of experience in financial services, accounting, loan servicing, compliance, or reporting with a strong interest in the CDFI Industry. Experience in the CDFI field, banking, or real estate development related to accounting or lending functions is a strong plus.
  • Must possess excellent analytical and problem-solving skills.
  • Must be a self-starter with keen attention to detail.
  • Strong organizational skills and ability to multi-task and meet deadlines.
  • Must possess strong proficiency in Microsoft Office products in particular Excel.
  • Willingness to work from Partners’ physical office for three days each week. This is not a fully remote position.

 

Preferred Qualifications:

  • Experience preparing, reviewing, and coordinating loan closing documentation for community development loans. Ability to manage closing checklists, track outstanding items, and ensure all conditions precedent and compliance documents are completed prior to funding.
  • Skilled in organizing closing packages, verifying accuracy, and ensuring proper execution of documents,
  • Strong understanding of Insurance requirements and policies for construction loans

 

Compensation:

Competitive salary commensurate with experience ($65,000 - $75,000). Medical, Dental, Vision, Life & Disability coverage available. Retirement plan (employer matching and profit sharing); paid vacation, sick leave days, and holidays. Pleasant and challenging work environment.

Partners for the Common Good is an equal opportunity employer and is committed to fostering an inclusive and diverse workplace where everyone feels valued and respected. We welcome applicants from all backgrounds and identities, including but not limited to race, ethnicity, gender, sexual orientation, age, ability, religion, and national origin. We encourage all qualified individuals to apply and consider joining our team.

 

To Apply: Please visit our website at https://www.partnersimpact.org to apply and learn more about the organization.