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Senior Director, Loan Closing and Portfolio Officer

Posted on Oct 29, 2021 by Greater Cleveland Partnership

Cleveland, OH 44101
Immediate Start
Annual Salary


The Senior Director, Loan Closing and Portfolio Officer is part of a team of finance professionals of Cleveland Development Advisors (CDA) responsible for closing new loans and asset management of its portfolio of real estate investment funds.


  • Act as the closing agent for new CDA loans to ensure loans are closed as approved in underwriting by board of directors and within CDA Investment Underwriting Guidelines & Portfolio Risk Management Policy requirements, and program requirements (including new market tax credit program (NMTC) and CDFI Program).
  • Coordinate all closing activities, checklists and collect necessary documentation required for closing and participate in project loan closing calls.
  • Review legal documents and work closely with CDA counsel to ensure that all closing documents, including loan documents and community benefits agreements, incorporate CDA Investment Underwriting Guidelines & Portfolio Risk Management Policy requirements; NMTC and CDFI Program requirement; any grant funding requirements and/or investor requirements, are incorporated.
  • Communicate with senior management when proposed requirements or approvals for the loans cannot be met.
  • Oversee the daily monitoring, reporting and compliance of the overall CDA investment portfolio to:
    • Maintain accurate database of individual loan reporting requirements for direct loans.
    • Assist in preparation of portfolio reports for submission to Board of Directors.
    • Assist in preparation of quarterly investor updates for loan funds and NMTC projects
  • Oversee and review preparation of the semi-annual loan loss analysis and reserve establishment of investments before presentation to senior management and Investment Review Committee.
  • Assist in the ongoing monitoring and review of CDA Investment Underwriting Guidelines & Portfolio Risk Management Policy to ensure that updates incorporate compliance and impact requirements.
  • Assist CDA Outreach and Underwriting Team as it relates to necessary compilation and maintenance of industry reports and market data trends used to assist in underwriting process
  • Oversee and lead the loan monitoring and review process for construction draw requests to ensure required documentation is obtained for submission for loan funding.
  • Assist and prepare, as needed, loan modification action items to be presented to the CDA Board of Directors
  • Assist in the preparation of loan portfolio updates presented to CDA Investment Review Committee and Board of Directors
  • Build, cultivate and maintain positive working relationships with project sponsors, borrowers, investors, co-lenders, consultants, and community professionals to support and advance CDA's mission
  • Assist with special projects, such as preparation of supplemental schedules needed for applications, investor meetings, board meetings, etc.


  • Paralegal certificate or bachelor's degree in accounting, finance, real estate or related field.
  • Minimum of 5 years of relevant real estate loan closing experience.
  • Strong communications, analytical, decision making, organizational, follow-up and customer service skills.
  • Attention to detail with the ability to prioritize in high-volume environment.
  • Knowledge of the CDFI and New Market Tax Credit industry a plus.
  • Ability to adapt approach, strategy and tactics rapidly in response to changing information and program needs
  • Ability to analyze and improve processes and procedures.
  • Ability to make suggestions for problems or concerns.
  • Excellent written and verbal communication skills.
  • Strong interpersonal communication skills (diplomacy, tact, eg)
  • Strong facility with computer programs essential to business communication (particularly Word, PowerPoint, Excel and other Microsoft Office programs; and loan program software).

Reference: 1382267084

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