The Organization

With residents and partners, LISC forges resilient and inclusive communities of opportunity across America – great places to live, work, visit, do business and raise families.

Strategies We Pursue

• Equip talent in underinvested communities with the skills and credentials to compete successfully for quality income and wealth opportunities.
• Invest in businesses, housing and other community infrastructure to catalyze economic, health, safety and educational mobility for individuals and communities.
• Strengthen existing alliances while building new collaborations to increase our impact on the progress of people and places.
• Develop leadership and the capacity of partners to advance our work together
• Drive local, regional, and national policy and system changes that foster broadly shared prosperity and well-being.

Over the last 40 years, LISC and its affiliates have invested approximately $22 billion in businesses, affordable housing, health, educational mobility, community and recreational facilities, public safety, employment and other projects that help to revitalize and stabilize underinvested communities. Headquartered in New York City, LISC’s reach spans the country from East coast to West coast in 36 markets with offices extending from Buffalo to San Francisco and in 2,400 rural counties across 49 state and Puerto Rico. Visit us at www.lisc.org

LISC LA is one of 39 local offices of the Local Initiatives Support Corporation, a national CDFI that forges

resilient and inclusive communities of opportunity across America- great places to live, work, visit, do

business and raise families. For over 30 years, LISC LA has worked with local partners and residents to

invest nearly $1B in small businesses, housing, health, education, public safety, and employment. LISC LA

champions strategies that promote equity and economic inclusion in low-income communities of color

across LA County.

Position Description

LISC Los Angeles seeks a professional to fill the position of Program Officer (PO) for the Economic Development Department. The PO will be responsible for supporting the underwriting of small business loans and recoverable grants, while also leading deal originations, community relationship management, and pipeline

development for the small business lending program in Los Angeles. They focus of the portfolio serves small business loans in Los Angeles with a focus on entrepreneurs of color.

Responsibilities:

• Support the underwriting and review process for small business loans and recoverable grants for the LA market
• Help to originate and deploy a up to $3 million in small business or economic development loans annually
• Represent LISC LA on local advisory committees and regional collaboratives of local small business assistance partners and work to administer the goals outlined in said collaboratives
• Work with local partners to establish new tech-based mechanisms to streamline borrower experiences and improve access to available capital across the County of LA
• Develop and maintain referral relationships with banks, micro-lenders, TA providers, and government officials
• Educate community partners about LISC LA product offerings
• Coordinate with Economic Development Lending teams locally and nationally on program and outreach strategies in priority communities
• In 2023, the role may also incorporate aspects of asset management duties for the recoverable grant portfolio

Qualifications:

• Bachelor’s degree from an accredited college or university required- concentration in community development, finance, or similar field a plus;
• 3 years of work experience in community economic development, especially in Los Angeles
• Experience directly working with small businesses, especially businesses lead by people of color in LA
• Experience in underwriting or financial analysis a plus
• Proven track record of working on complex programs requiring intensive analysis
• Ability to work independently and with a team, working on numerous projects at the same time
• Strong analytical skills and proficiency in Excel
• Strong written and verbal communication skills
• Self-starter; creative problem solver; and relationship builder

COMPENSATION: This is a full-time position with a competitive salary and excellent benefits.

TO APPLY: Please send cover letter and resume via email with "Program Officer: Lending” in the subject line. No phone calls please.

LISC IS AN EQUAL OPPORTUNITY EMPLOYER COMMITTED TO DIVERSITY, EQUITY, INCLUSION AND JUSTICE.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Professional development assistance
• Referral program
• Relocation assistance
• Retirement plan
• Tuition reimbursement
• Vision insurance

Schedule:

• Monday to Friday

Ability to commute/relocate:

• Los Angeles, CA: Reliably commute or planning to relocate before starting work (Required)

Education:

• Bachelor's (Preferred)

Work Location: One location

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