VP Director of Credit & Climate Risk (CPC Climate Capital)

Job Description

Job Description

About CPC Climate Capital :

CPC Climate Capital is a new subsidiary within The Community Preservation Corporation (CPC) and a sub-award partner of Climate United Fund.

CPC Climate Capital will support Calvert Impact in the deployment of approximately $2.5 billion in Greenhouse Gas Reduction (GGRF) funds by advancing the CPC Climate Capital Multifamily Decarbonization Strategy nationally.

CPC Climate Capital was selected to administer a portion of the awarded GGRF funds on behalf of the Environmental Protection Agency (EPA) to provide subordinate debt financing to owners of multifamily housing nationally to reduce or eliminate on-site fossil fuels, thereby reducing greenhouse gas emissions.

These climate goals will be simultaneously delivered against other critical national priorities, including the creation and preservation of affordable housing, promoting equity and environmental justice, and support of high-quality jobs.

For more information, please visit us at https : / / communityp.com / products - services / sustainability / climate -capital /

About Climate United :

Climate United is a partnership of three national non-profits Calvert Impact, The Community Preservation Corporation (CPC) and Self-Help that are complementary in their expertise and like-minded about the imperative to make sure that all Americans, particularly those bearing the greatest burden from the climate crisis, participate in and benefit from the movement to reduce carbon emissions.

Between them, the organizations have 120 years of experience directly deploying more than $30 billion in low-income communities that are disproportionately affected by climate change.

The core partners will be joined by multiple deployment and implementation partners to assist with management and mobilization of $6.

97 billion from the National Clean Investment Fund established by the federal government as part of the Inflation Reduction Act.

Role Summary :

The Credit and Climate Risk Director is a member of the Operations and Finance team and responsible for leading the compliance and risk management functions in partnership with the Production team.

The Credit and Climate Risk Director will lead the development and implementation of the appropriate credit, decarbonization and lending policies and procedures to ensure that that transactions are in compliance with the requirements of NCIF grant.

The Director will work with the production and underwriting teams to ensure that those policies are adhered to for all investment opportunities.

As the resource responsible for our risk oversight, the Credit and Climate Risk Director will review all credit decisions and is responsible for identifying, quantifying, reporting on and responding to risks in our portfolio, while implementing appropriate mitigation efforts.

What You’ll do :

• Participate in the Credit Committee, which is responsible for prudent and objective decision making with respect to loan approvals in compliance with credit policies and procedures.
• Manage loan review meetings in support of the overall climate and credit requirements.
• Conduct ongoing review of credit and climate policies and procedures with the production team, as required, making appropriate recommendations for changes as needed and provide guidance to production team regarding new loan underwriting, modifications and structuring.
• Partner with Production team to create criteria to support new loan products and approval processes.
• Work with the Head of Operations and Finance and Head of Production to create and maintain appropriate reporting and monitoring guidelines for loans within the portfolio and help manage internal and external reporting to the corporation’s Risk Committee and Climate United.
• Work with the Production team to report on the loan portfolio through periodic reviews of all underlying data and utilize these to guide credit decisions.
• Partner with the Asset Servicing team to drive solutions on problem assets.
• Recommend and conduct internal training to enhance the credit knowledge and skills of staff across the company.
• Collaborate with Finance, Legal, and other staff of the corporation on strategic initiatives.

Skills and Experience :

• Bachelor’s degree in Business or Finance required. MBA preferred.
• 8-10 years’ experience in lending, investing, loan underwriting and / or structuring.
• Understanding of building decarbonization and climate finance.
• Experience in and / or knowledge of the community development and affordable housing industry, as well as knowledge of and experience working with public subsidy programs preferred.
• Thorough knowledge of commercial investing / lending policies and procedures required.
• Thorough knowledge of business cash flow, collateral valuation, appraisal procedures, and documentation.
• Effective written and verbal communications skills.
• Ability to analyze data and identify problems, as well as the ability to resolve issues or suggest resolutions to issues in timely manner, in group problem solving situations.
• Results-focused, with the ability to set goals and determine best processes to achieve results.
• Demonstrated ability to manage multiple projects and meet deadlines and deliverables.

What We Offer :

• Competitive compensation
• 401(k) retirement plans with employer match
• Medical, dental, and vision benefits for employees and their dependents
• Commuter benefits
• PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
• Tuition assistance program
• Two work from anywhere weeks per year
• Summer Fridays
• Collaborative working spaces
• Service days to support our communities
• Employee development and engagement events
• More about our offerings and culture here

This is a hybrid role that can be based in either NYC and would work out of our Manhattan office 2 - 3 days a week or remote in Washington DC and will need to periodically travel to our Manhattan office.

The salary range is $175,000 - $200,000, dependent on experience.

The Community Preservation Corporation is an Equal Opportunity Employer and all employment-related decisions including recruitment, selection, evaluation, promotion, compensation, training and termination are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.