Chief Investment Officer, Community Lending & Impact

Opportunity Finance Network; Baltimore (MD); Hybrid; USD 180,000 - 260,000; Full time

Job summary

Maryland Community Investment Corporation is seeking a Chief Investment Officer to lead all investment activities and shape the state’s mission finance infrastructure. This startup-like organization aims to establish new lending funds, position MCIC for NMTC allocation, and build a scalable investment platform.

The CIO will collaborate with senior leaders to refine underwriting standards, drive portfolio performance, and advance innovative capital strategies across Maryland, balancing prudent

Qualifications

• Eight to ten years of progressively responsible experience in commercial lending, community development finance, real estate finance, or impact investing.
• At least four years of supervisory experience involving policy development, strategic planning, and management of professional staff.
• Experience underwriting complex real estate or community development transactions.
• Demonstrated success managing lending portfolios and borrower relationships.
• Working knowledge of New Markets Tax Credit, Low-Income Housing Tax Credit, Historic Tax Credits, public finance, state and federal economic development programs, and community development lending.
• Relationships with Maryland’s finance, government, philanthropic, or real estate communities are highly desirable.

Responsibilities

• Lead all underwriting, due diligence, and investment analysis for MCIC lending activities.
• Recommend credit decisions to executive leadership and the Board.
• Plan, facilitate, and staff Investment Committee meetings.
• Develop and continuously improve underwriting standards, lending policies, and credit procedures.
• Oversee ongoing portfolio monitoring and periodic portfolio reviews.
• Lead loan modifications, restructurings, and workouts balancing prudent risk with mission objectives.
• Monitor portfolio performance, asset quality, covenant compliance, and organizational risk.
• Ensure accurate investment reporting for leadership, the Board, auditors, and funding partners.
• Cultivate a statewide pipeline of community development lending opportunities.
• Conduct outreach with nonprofit developers, local governments, community development corporations, financial institutions, and state agencies.
• Conduct regular site visits with borrowers and prospective partners across Maryland.
• Represent MCIC at conferences, community meetings, and industry events.
• Identify emerging market opportunities, new lending products, and innovative capital sources.
• Lead or support design and implementation of future lending initiatives, including the Rural and Small Cities Predevelopment Loan Fund.
• Explore opportunities to braid state, federal, philanthropic, and private capital to support equitable development.
• Contribute to the organization’s evolving NMTC strategy and capitalization.

Job description

Maryland Community Investment Corporation is seeking a Chief Investment Officer to lead all investment activities and shape the state’s mission finance infrastructure. This startup-like organization aims to establish new lending funds, position MCIC for NMTC allocation, and build a scalable investment platform.

The CIO will collaborate with senior leaders to refine underwriting standards, drive portfolio performance, and advance innovative capital strategies across Maryland, balancing prudent