Senior Director, Credit (RSF)

RSF Social Finance; San Francisco (CA); On-site; USD 180,000 - 240,000; Full time

Benefits offered by this job

Employer-paid health insurance

Dental insurance

Vision insurance

Generous vacation and sick leave

Nine paid holidays per year

403(b) plan with employer contribution

Job summary

RSF Social Finance in San Francisco seeks a Senior Director of Credit to oversee underwriting and portfolio management for its commercial loan portfolio, including mortgage loans, construction loans, asset-backed lines of credit and equipment term loans. You will lead the Credit Team and help shape credit policy and risk management.

Beyond credit work, you will contribute to internal operations, offerings, and business model strategy, and serve as a thought partner with the Executive Team.

Qualifications

• Minimum 10 years of credit underwriting, structuring and administration experience.
• Minimum 5 years supervisory and/or client relationship management.
• Experience in relationship management or business development.
• Familiarity with impact investing, social enterprise, or RSF focus areas preferred.
• Expert knowledge of accounting, credit analysis, and financial modeling.
• Proven ability to coach and mentor team members.
• Extremely detail-oriented; able to occasionally work outside regular hours and travel may be required.

Responsibilities

• Oversee capital deployment and manage Credit Team.
• Define, develop, review, and implement credit policies and procedures across a spectrum of products.
• Oversee loan approval and underwriting of complex credit relationships to meet RSF's standards.
• Oversee underwriting and annual review process; mentor underwriters.
• Ensure high-quality credit risk across the portfolio to meet short- and long-term goals.
• Facilitate RSF Credit Committee and Board Loan Committee.

Skills

Credit underwriting

Financial modeling

Commercial loan structuring

Risk management

Supervisory experience

Relationship management

Impact investing knowledge

Accounting knowledge

Coaching/mentoring

Job description

Imagine working with a group of thoughtful, committed colleagues to transform the way people work with money.

At RSF Social Finance, we bring our individual passions, experience, and skills to meet the needs of others through innovative and integrated investing, lending, and giving services that generate positive social and environmental impact while fostering community and collaboration among participants.

With a 35 year track record of deploying loans, grants, and other catalytic capital to social enterprises, RSF is recognized nationwide as a leader in the field of social finance. We seek candidates who bring a specific professional skill set and are also aligned with our purpose, values, and operating principles.

Core to RSF’s work is its flagship Social Investment Fund, a $140M senior debt fund that supports high impact non-profits and for-profits that operate in the fields of sustainable agriculture, education & the arts and ecological stewardship. The fund is capitalized by investments from over 1,700 individuals and the income derived from the fund covers the majority of RSF’s annual operating budget. RSF is seeking a new Senior Director of Credit who will thrive in a collaborative environment where financial innovation is combined with sound credit decisions. The Senior Director of Credit will oversee all aspects of underwriting and portfolio management for commercial loans that include mortgage loans, constructions loans, asset-backed lines of credit and equipment term loans. Beyond these primary duties, the Senior Director will also contribute to enhancing the organization’s internal operations, external offerings, and business model strategy, and will serve as a thought partner to other team members, helping bring to life new and emerging concepts to better achieve RSF’s mission.
This role works closely with the Executive Team and Board Credit and Finance Committees to make key decisions.

Responsibilities

Capital Deployment

• Manage Credit Team
• Define, develop, review, and implement credit policies and procedures across a spectrum of products.
• Oversee the loan approval process and participate in underwriting complex credit relationships to meet RSF’s standards for credit quality, social impact, and revenue targets; structure new deals.
• Oversee underwriting and annual review process to underwriters and mentor them on how to underwrite transactions with increasing complexity.
• Ensure high and well managed credit risk quality of RSF’s credit portfolio of existing loans to ensure it meets RSF’s short and long-term strategic goals.
• Facilitate RSF Credit Committee and Board Loan Committee.

Knowledge, Skills, and Abilities

• Must have a minimum of 10 years of credit underwriting, structuring and administration experience, including asset and cash flow-based credit analysis skills, financial modeling skills, commercial loan structuring and risk management.
• Minimum 5 years direct and indirect supervisory and/or client relationship management
• Experience in relationship management or business development.
• Familiarity with and passion for the impact investing sector, social enterprise, or one of RSF’s focus areas is preferred.
• Expert knowledge of for-profit and non-profit accounting, advanced credit analysis and financial modeling.
• Proven experience implementing credit and loan policies and procedures including systems improvements.
• Demonstrated ability to coach and mentor team members so that they achieve their full potential and gain technical expertise to contribute to a well-managed lending culture.
• Extremely detail-oriented.
• Must be available to occasionally work outside of regular office hours when needed
• Some travel may be required

Salary commensurate with experience and level of responsibility. Other benefits include:

• A fulfilling work environment at a supportive and entrepreneurially-driven organization
• A competitive compensation package including employer-paid medical, dental, and vision insurance benefits
• Very generous vacation and sick leave benefits plus nine paid holidays per year
• 403(b) plan with employer-paid contributions after one year of employment
• Exposure to innovative ideas, projects, and collaborative staff activities
• Access to numerous professional development opportunities

RSF Social Finance is an equal opportunity employer; candidates representing a diversity of backgrounds are encouraged to apply.