Associate Director

Company: NC Rural Center/Cornersquare Capital
Location: Raleigh
Posted on: November 24, 2020

Job Description:

Position Summary
The Associate Director helps lead a team that manages both the Small Business Credit Initiative and CornerSquare Community Capital across the state and within Truist Bank's 17-state footprint, also helping to manage the relationships with participating community banks and Community Development Financial Institutions (CDFIs). The Associate Director will also help set policy and determine strategic direction in thought-partnership with the Executive Director.
Successful candidates will have significant financial, business development, and management experience. Interest and experience in the banking/CDFI sector is a plus. The candidate's fit into our mission-driven culture with a passion for rural economic development is a top priority in the selection process.
Responsibilities:
Relationship Management

• 
  
• Identify, secure, and maintain trusted partnerships with senior management (e.g. Presidents, Chief Operating Officers, Chief Lending Officers, Chief Credit Officers) of lenders in each of our focus areas
  
• Engage partner lenders to maintain mindshare ensuring active program use
  
• Conduct frequent outreach and training sessions for lenders
  
• Attend and present at lender and small-business conferences
  
  Asset Management
  
  • 
    
  • Assist in the management of the Capital Access Program, Loan Participation Program, and CornerSquare Community Capital
    
  • Manage ongoing loan participation opportunities, including vetting loan requests for structure compliance and credit risk, loan committee review, and commitments to lending partners
    
  • Assist in managing the portfolio of loan participations for timely servicing of principal and interest payments, and monitor risks for strategic use and establishment of loan loss reserves
    
  • Develop and manage a forward view of cash flow, including loan receipts, investment exits, and administration expenses, with a focus on balancing optimal fund deployment and liquidity
    
  • Establish and manage a robust system of financial and portfolio management software tools to ensure fiscal accountability and situational awareness
    

Keywords: NC Rural Center/Cornersquare Capital, Raleigh , Associate Director, Executive , Raleigh, North Carolina