Program Officer, Lending

Local Initiatives Support Corporation; Chicago (IL); Hybride; USD 84 000 - 105 000; Plein temps

Avantages offerts par ce poste

Medical, Dental, Vision Coverage

Disability Insurance

Retirement Savings - 401(k)/403(b)

Generous Holidays

Vacation, PTO, and Sick Days

Tuition Assistance

Referral Program

Professional Development Opportunities

Résumé du poste

Local Initiatives Support Corporation (LISC) seeks a Program Officer, Lending & Underwriting in its Illinois office. You will originate, underwrite, structure, and close loans advancing community development opportunities in Illinois.

You’ll lead financial analysis, credit memos, and borrower education while partnering with national teams to ensure timely closings and strong portfolio performance.

Qualifications

• Bachelor’s degree required; advanced degree preferred.
• Minimum of 5 years in commercial real estate lending or related field.
• Experience structuring and underwriting complex transactions.
• Strong financial analysis of statements, budgets, cash flows and pro formas.
• Knowledge of community development finance tools and tax credit programs.
• Proficiency in Microsoft Office, especially Excel.
• Excellent written, verbal, and presentation skills.
• Ability to manage multiple transactions and deadlines.

Responsabilités

• Underwrite Illinois-based loan transactions and structure financing solutions.
• Support business development to maintain a strong lending pipeline in Illinois.
• Conduct due diligence, financial analysis, and risk assessments on deals.
• Prepare credit memoranda and underwriting recommendations for review.
• Present loan opportunities to credit committees and address questions on terms and risk.
• Coordinate with national lending and legal teams to close loans timely.
• Collaborate with staff and partners to design and implement lending initiatives.
• Provide technical assistance to nonprofit/community partners for project execution.

Connaissances

Commercial real estate lending

Credit analysis

Underwriting

Relationship management

Project management

Formation

Bachelor’s degree

Advanced degree in finance/real estate/urban planning/public administration/business

Outils

Excel

Description du poste

LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. LISC works with residents and partners to close gaps in health, wealth, and opportunity so that people and places can thrive. We do this by acting as a conduit for grants, loans and equity--and by providing technical assistance and capacity building--to locally rooted organizations that carry out the work in communities.

Position Description

LISC seeks a Program Officer, Lending & Underwriting to serve as a strategic leader in the origination, underwriting, and deployment of community development financing in the LISC Illinois program office. This role is responsible for sourcing, structuring, underwriting, and closing loans in Illinois that advance community development initiatives and support LISC’s mission of strengthening neighborhoods and expanding economic opportunities.

The ideal candidate brings expertise in commercial real estate lending, credit analysis, and transaction structuring, coupled with exceptional attention to detail, strong relationship management skills, and a customer-centered approach. The Program Officer will provide outreach, technical assistance, and underwriting for a broad range of community development projects and asset classes, serving as a trusted advisor to borrowers and partners throughout the lending process.

Working closely with LISC Illinois program office staff and LISC’s National Lending and Legal teams, this position will manage the full lifecycle of lending transactions in Illinois, from business development and underwriting through closing and portfolio support. The role requires strong project management skills, the ability to balance multiple priorities and deadlines, and a commitment to advancing impactful community investment strategies.

This is a hybrid position based in LISC’s Chicago office and reports directly to the Deputy Director of the LISC Illinois Program Office.

Responsibilities

• Serve as the primary underwriter for Illinois-based loan transactions, working closely with borrowers to structure financing solutions that meet project and organizational needs.
• Support business development efforts for LISC lending activities in Illinois, including outreach, borrower education, and relationship management to cultivate and maintain a strong pipeline of lending opportunities.
• Conduct comprehensive due diligence, financial analysis, and risk assessments, including review of organizational financial statements, development budgets, sources and uses, and operating pro formas.
• Prepare clear and comprehensive credit memoranda and underwriting recommendations for internal review and approval.
• Present loan opportunities and recommendations as part of LISC’s credit review process and respond to questions regarding transaction structure, risk, and impact.
• Work with national LISC Lending and Legal staff to manage timely loan closings, including coordinating the preparation of commitment letters, negotiating key business terms, and reviewing due diligence items and loan documents for consistency with key business terms
• Collaborate with local program staff, national lending colleagues, and community partners to design and implement lending initiatives that address community development priorities.
• Provide technical assistance and capacity-building support to nonprofit and community development partners, helping position organizations for successful project execution and access to capital.
• Stay informed on market trends, public financing tools, tax credit programs, and other community development resources relevant to LISC’s lending activities.
• Represent LISC at conferences, trainings, and events.
• Perform other duties and special projects as assigned.

Qualifications

• Bachelor’s degree from an accredited college or university required; advanced degree in finance, real estate, urban planning, public administration, business, or a related field preferred.
• Minimum of 5 years of experience in commercial real estate lending, community development finance, credit analysis, underwriting, or a related field at a financial institution, nonprofit lender, government agency, or similar organization.
• Demonstrated experience structuring and underwriting complex real estate and community development transactions.
• Strong financial analysis skills, including the ability to evaluate financial statements, project development budgets, cash flow projections, and operating pro formas.
• Knowledge of community development finance tools, including public subsidies, tax credit programs, and other layered financing structures.
• Proficiency in Microsoft Office Suite, particularly advanced Excel skills.
• Exceptional written, verbal, and presentation skills, including the ability to communicate complex financial concepts to diverse audiences.
• Strong organizational and project management skills, with the ability to manage multiple transactions simultaneously and meet deadlines in a fast-paced environment.
• Demonstrated ability to work independently while collaborating effectively across multidisciplinary teams.
• Relationship-building and business development experience.
• Strong customer service orientation and consultative approach with borrowers and partners.
• Knowledge of Illinois community development markets and stakeholders.
• Ability to navigate ambiguity, solve problems creatively, and exercise sound judgment in complex transactions.

COMPENSATION

LISC offers a competitive salary ($84,000-$105,000) and excellent fringe benefits.

*Actual salaries may be based on several factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications.

Our benefits include:

• Medical, Dental, Vision Coverage : Comprehensive health plans for you and your family's well-being
• Disability Insurance: Long-term and short-term coverage for peace of mind
• Retirement Savings: Secure your future with our 401(k) and 403(b) plans
• Generous Holidays: Enjoy ample time off to recharge and celebrate
• Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance
• Tuition Assistance: Pursue your educational goals with support from our tuition assistance program
• Referral Program: Earn rewards for referring qualified candidates to join our team
• Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals

LISC is an equal opportunity employer. LISC does not discriminate in employment on account of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military status or veteran status, unfavorable discharge from military service, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information or any other characteristic protected by applicable federal, state or local laws and ordinances.

We will endeavor to make a reasonable accommodation to the known physical or mental limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business.

Michigan Applicants: Persons with disabilities needing accommodations for employment must notify the Company in writing of the need for an accommodation within 182 days after the date the person with a disability knew or reasonably should have known that an accommodation was needed.

Rhode Island Applicants: LISC is subject to Chapters 29-38 of Title 28 of the General Laws of Rhode Island and is therefore covered by the state’s workers’ compensation law.

Massachusetts Applicants: Note that it is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Maryland Applicants: Under Maryland law, an employer may not require or demand, as a condition of employment, prospective employment, or continued employment, that an individual submit to or take a polygraph examination or similar test. An employer who violates this law is guilty of a misdemeanor and subject to a fine not exceeding $100.