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Construction Loan &amp; Closing SpecialistPosition Overview:BlueHub Loan Fund (BHLF), an affiliate of BlueHub Capital (BlueHub), seeks a Construction Loan &amp; Closing Specialist (CLCS) to support our community development lending program to a diverse set of borrowers. These&nbsp;include&nbsp;real&nbsp;estate&nbsp;developers,&nbsp;charter&nbsp;school&nbsp;and&nbsp;community&nbsp;health&nbsp;center&nbsp;operators,&nbsp;and&nbsp;non-profit and&nbsp;social enterprises&nbsp;serving low-income&nbsp;families&nbsp;and&nbsp;communities. BHLF currently has a loan portfolio of approximately 165 borrowers with aggregate outstanding balances of over $220 million.&nbsp;This person will join&nbsp;the Portfolio Management team, which plays an integral role in loan closings, loan administration, loan disbursements and loan operations and report to the Director of Construction Loan Management. The CLCS will manage and maintain procedures and internal controls related to a complex set of commercial transactions in accordance with BHLF’s Loan Policies and Procedures.This newly created position requires a highly motivated person with a commitment to community development finance and, ideally, a background in construction management and monitoring, loan closing, or portfolio management. This person will be responsible for closing and funding loans in coordination with Loan Officers, the Portfolio Management Team, the Finance Department, outside consultants and legal counsel. They will also be responsible for reviewing construction requisitions, closing, disbursing and monitoring construction loans. This person will support portfolio reporting responsibilities on a monthly and quarterly basis. The candidate must&nbsp;be a self-starter, have the demonstrated ability to work independently&nbsp;and&nbsp;effectively&nbsp;on&nbsp;several&nbsp;tasks&nbsp;in&nbsp;a&nbsp;fast-paced&nbsp;environment,&nbsp;and&nbsp;have&nbsp;strong quantitative skills as well as strong written and verbal communication skills. The candidate must be able to work collaboratively across departments within BlueHub and externally with borrowers and consultants.Work Arrangements: This position is Boston-based.&nbsp;BlueHub staff are working a hybrid schedule of three days of work in the office (Tu-Th) and two days of remote work (M &amp; F).&nbsp;Background:&nbsp;BlueHub Capital is a mission-driven, nonprofit community development financing organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $3.1 billion (and leveraged over $16.1 billion) to finance:<ul><li>Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places</li><li>Reducing financial barriers to US citizenship</li><li>Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes</li><li>Mortgage lending for families facing foreclosure&nbsp;</li></ul>Increasing economic opportunity is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on communities that have been systematically denied access to capital. Our offices are located in the Roxbury neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, <a href="http://www.bluehubcapital.org" target="_blank">www.bluehubcapital.org</a>.Essential Duties and Responsibilities:<ol><li>Construction Loan Management (50%)</li></ol><ul><li>Build and maintain construction cash flow spreadsheet for each construction loan, tracking closing budget, change orders and disbursements throughout the construction loan.</li><li>Manage capitalization of construction loan interest.</li><li>Identify construction loan problems and recommend solutions to the lending and portfolio management team.</li><li>Maintain and ensure electronic and database files are kept organized, maintaining an audit trail of all disbursements.</li><li>Review and approve construction requisitions.</li><li>Coordinate lender inspector site visits and review site observation reports.</li><li>Coordinate funding with loan officers and the finance team.</li><li>Manage ongoing construction disbursements: request and review title insurance updates, track and ensure receipt of lien waivers, monitor hard and soft cost budget items, contingencies and invoices.</li><li>Manage funding of requisitions internally and with other project lenders.</li></ul><ol><li>Loan Closing (30%)</li></ol><ul><li>Work closely with loan officers to prepare, collect and process due diligence items and documentation related to loan closings. Identify and help resolve potential barriers to closing.</li><li>In conjunction with loan officer and outside legal counsel, oversee preparation and manage</li></ul>completion of loan closing checklists to ensure that all loan closing conditions have been met and approved by authorized parties.<ul><li>Maintain working knowledge of BHLF’s Loan Policies and Procedures to ensure compliance with internal approval and closing requirements, including Know Your Customer and Office of Foreign Assets Control policies. Recommend updates to policies as needed.</li><li>Set up new loans in BHLF’s loan administration systems, including Salesforce and TEA.&nbsp;</li><li>Support the closing and funding process in conjunction with other transaction parties and internally with loan officers, the Finance team and our legal counsel.</li><li>Manage loan closing and closing disbursement funding process for construction loans.</li><li>Assemble and construct closing requisitions. Review and approve closing requisitions when BHLF is participant lender.</li><li>Review and approve settlement statement for closing in coordination with the title agent.</li><li>Participate in pre-construction calls with BHLF Borrowers, peer funders and development consultants.</li><li>Support the opening of controlled bank accounts required by certain loan transactions.</li><li>Coordinate with BlueHub’s Communications Team, borrowers and other transaction parties to ensure BHLF is acknowledged in press materials and on construction site signage for the projects we support, and that we are invited to participate in ground breakings, ribbon cuttings and similar in-person and virtual events.</li></ul><ol><li>Portfolio Reporting (20%)</li></ol><ul><li>Manage development of monthly, quarterly, and annual reports for internal and external stakeholders.&nbsp;</li><li>Upload data from our accounting software (TEA) into Salesforce (SF) on a monthly and quarterly basis.</li><li>Generate and format TEA and SF reports on a monthly and quarterly basis.</li><li>Reconcile SF reports to TEA to ensure material loan terms match across platforms.</li><li>Manage TEA and SF ad hoc reporting for BHLF.</li></ul>Other duties as assigned.<h2>EssentialJob&nbsp;Requirements:</h2><ul><li>4-5 years&nbsp;of&nbsp;loan&nbsp;closing, construction loan management&nbsp;or&nbsp;relatedexperience&nbsp;in&nbsp;communitydevelopment,&nbsp;real&nbsp;estate&nbsp;transactions&nbsp;or commercial lending.</li><li>Proficiency&nbsp;with&nbsp;MS&nbsp;Office Suite&nbsp;is&nbsp;required.</li><li>Experience&nbsp;with&nbsp;databases&nbsp;and&nbsp;CRM&nbsp;platforms;&nbsp;experience&nbsp;with Salesforce and/or&nbsp;TEA&nbsp;preferred.</li><li>Excellent&nbsp;quantitative,&nbsp;writtenand&nbsp;verbal&nbsp;communication,&nbsp;and&nbsp;organizational&nbsp;skills.Must&nbsp;demonstrate a high level of attention to detail and commitment to accuracy.</li><li>Excellent&nbsp;judgment&nbsp;and&nbsp;prudent&nbsp;decision-making&nbsp;abilities.</li><li>Able&nbsp;to&nbsp;build&nbsp;relationships&nbsp;internally&nbsp;and&nbsp;work&nbsp;in&nbsp;a&nbsp;cooperative&nbsp;and&nbsp;diverse&nbsp;team&nbsp;environment.</li><li>Able to&nbsp;build&nbsp;relationships&nbsp;externally&nbsp;and&nbsp;elicit&nbsp;confidence through&nbsp;a commitment&nbsp;to&nbsp;accuracy, timeliness and professionalism.</li></ul><h2>Additional&nbsp;Desired&nbsp;Qualifications:</h2><ul><li>Experience&nbsp;with&nbsp;or&nbsp;understanding&nbsp;of&nbsp;the&nbsp;New&nbsp;Markets Tax&nbsp;Credit&nbsp;(NMTC)&nbsp;program,&nbsp;Low-Income Housing&nbsp;Tax&nbsp;Credit&nbsp;(LIHTC)and&nbsp;Historic&nbsp;Tax&nbsp;Credit&nbsp;(HTC)&nbsp;programs,&nbsp;and/or&nbsp;charter&nbsp;school&nbsp;facility operations or financing.</li><li>Experience&nbsp;with&nbsp;community&nbsp;development&nbsp;real&nbsp;estatedevelopers&nbsp;and&nbsp;nonprofitcommunity-based organizations.</li><li>Candidates who reflect the diversity of the communities we serve or have a keen interest in advancing&nbsp;economicdevelopment&nbsp;for&nbsp;those&nbsp;communities&nbsp;are&nbsp;strongly&nbsp;encouraged&nbsp;to&nbsp;apply&nbsp;for&nbsp;this position.</li></ul>Salary and Benefits:Salary is competitive and commensurate with experience within the guidelines of BlueHub Capital’s salary scale. As a “life cycle employer,” BlueHub invests in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits for full-time employees include:&nbsp;<ul><li>Generous insurance benefits: Health, dental, vision, life and disability insurance, including additional reimbursement for out-of-pocket healthcare expenses</li><li>Retirement benefits: Competitive 401(k) matching</li><li>Unique BlueHub benefits and stipends that support employee wellness, sustainable practices and charitable gift matching</li><li>Excellent package of vacation time and paid leave, as well as generous roll-over policies</li></ul>Application:Please submit a resume and cover letter online via our application portal. You may direct your cover letter to Shannon Weiss, Talent Acquisition Specialist. No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.BlueHub Capital is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual’s qualifications for a specific job opening.

BlueHub Capital

Construction Loan & Closing Specialist

Portfolio AnalystPosition Overview:&nbsp;BlueHub Loan Fund (BHLF),&nbsp;an affiliate of BlueHub Capital (BlueHub), seeks a Portfolio Analyst (PA) to support our&nbsp;community development lending program to a diverse set of borrowers. These include real estate developers, charter school and community health center operators, and non-profit and social enterprises serving low-income families and communities.&nbsp; BHLF currently has a loan portfolio of approximately 165 borrowers with aggregate outstanding balances of over $220 million.&nbsp;This person will join&nbsp;the Portfolio Management team, which is responsible for actively monitoring the financial performance of our loan portfolio, and report to the&nbsp;SVP of Portfolio Management. The PA will be responsible for proactively monitoring the financial performance of a portfolio of loans, as well as contributing to continual process improvements, enhanced training tools, and finding ways to streamline the Portfolio Management function.&nbsp;This position requires a highly motivated person with a strong background in financial statement and credit risk analysis, as well as credit administration and loan management experience for commercial and real estate lending.&nbsp; The candidate must be a self-starter, have the demonstrated ability to work independently and effectively on several tasks simultaneously in a fast-paced environment and have excellent written and verbal communication skills.&nbsp; The candidate must be able to work collaboratively across departments within the organization and externally with borrowers. The ideal candidate is someone who has solid financial and credit analysis skills combined with some administrative experience.&nbsp;Work Arrangements:&nbsp;BlueHub staff are working a hybrid schedule of three days of work in the office (Tu-Th) and two days of remote work (M &amp; F). &nbsp;Background:&nbsp;BlueHub Capital is a mission-driven, nonprofit community development financing organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $3.1 billion (and leveraged over $16.1 billion) to finance:<ul><li>Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places</li><li>Reducing financial barriers to US citizenship</li><li>Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes</li><li>Mortgage lending for families facing foreclosure&nbsp;</li></ul>Increasing economic opportunity is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on communities that have been systematically denied access to capital. Our offices are located in the Roxbury neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, <a href="http://www.bluehubcapital.org" target="_blank">www.bluehubcapital.org</a>.Essential Duties and Responsibilities:<ul><li>Portfolio Management (35%)<ul><li>Monitor and ensure reporting requirements such as financial statements, covenant compliance certificates, insurance, rent rolls, and charter school reporting are current and up-to-date.</li><li>Communicate effectively with borrowers and serve as one of the primary points of contact for post-closing loan management.</li><li>Review and process funding disbursement requests, ensure proper documentation and compliance with loan funding conditions for non-construction loans.</li><li>Collect financial statements and reporting requirements.&nbsp;</li><li>Maintain working knowledge of loan policies and procedures.</li><li>Diligently monitor and address loan delinquencies, loan maturities, and loan conversions.</li><li>Maintain accurate and complete electronic credit files.</li><li>Update Salesforce.com and other databases when necessary.</li><li>Assist with responses and analysis needed for annual evaluation by Aeris and Standard &amp; Poor’s.</li><li>Support work related to troubled assets and workouts.</li><li>Contributing to continual process improvements through the development and updating of process manuals when appropriate.</li></ul></li><li>Credit and Financial Analysis (60%)<ul><li>Analyze financial statements and assess credit risk. Follow up with borrower and loop in loan officer regarding any inconsistencies and concerns identified.</li><li>Calculate and test financial covenants.</li><li>Underwrite all loan amendment requests with the exception of loan amount increases and new credit requests.&nbsp;</li><li>Complete annual loan reviews.</li><li>Assess accuracy of loan risk ratings and as appropriate; recommend risk rating changes.</li><li>Analyze and monitor lending sectors and state and municipal budgets and trends.</li></ul></li><li>Loan Documentation &amp; Closing (5%):<ul><li>Ad hoc support for loan closings when necessary in coordination with the loan officers, the Loan Operations &amp; Servicing Manager, the Finance team, borrowers, loan participants, and legal counsel.</li></ul></li></ul>Qualifications and Skills:<ul><li>Three to five (3-5) years of portfolio management or similar experience, preferably in the field of real estate lending and/or community development lending.</li><li>Background in financial and credit risk analysis and solid loan administration a plus.</li><li>Familiarity with and/or experience with commercial and construction loans.</li><li>Understanding of real estate loan documents and basic legal terms.</li><li>Experience with Salesforce a plus.</li><li>Demonstrated proficiency in MS Office Suite (particularly Excel, Word and Powerpoint).</li><li>Exhibits a high degree of professionalism demonstrating accuracy, timeliness, and teamwork.</li><li>Excellent written and verbal communication skills and organizational skills.</li><li>Superior judgment and prudent decision-making abilities.</li><li>Able to build relationships internally and externally and elicit confidence by demonstrating reliability.</li><li>Strong team player and ability to work effectively in a cooperative and diverse environment.</li><li>Can proactively identify problems / opportunities for process improvement and offer relevant solutions.</li></ul>Additional Desired Qualifications:&nbsp;<ul><li>Enthusiasm for and a strong commitment to BlueHub’s mission.</li><li>Familiarity and/or experience with New Markets Tax Credit program, low-income housing and historic tax credit programs, and charter schools.</li><li>Knowledge and experience with community development real estate developers and nonprofit community-based organizations.</li><li>Candidates who reflect the diversity of the communities we serve or have an interest in advancing economic development for those communities, are strongly encouraged to apply for this position.</li></ul>Salary and Benefits:Salary is competitive and commensurate with experience within the guidelines of BlueHub Capital’s salary scale. As a “life cycle employer,” BlueHub invests in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits for full-time employees include:&nbsp;<ul><li>Generous insurance benefits: Health, dental, vision, life and disability insurance, including additional reimbursement for out-of-pocket healthcare expenses</li><li>Retirement benefits: Competitive 401(k) matching</li><li>Unique BlueHub benefits and stipends that support employee wellness, sustainable practices and charitable gift matching</li><li>Excellent package of vacation time and paid leave, as well as generous roll-over policies</li></ul>Application:Please submit a resume and cover letter online via our application portal. You may direct your cover letter to Shannon Weiss, Talent Acquisition Consultant. No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.BlueHub Capital is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual’s qualifications for a specific job opening.

Portfolio Analyst

Grants &amp; Reporting AnalystPosition Overview:BlueHub Capital is seeking a Grants &amp; Reporting Analyst to help BlueHub remain in good stead with community development finance institution (CDFI) compliance requirements for federal funding, NMTC (New Market Tax Credits) allocations, as well as investor and donor requirements. This person will support the data entry, analysis, report drafting, and cross-collaboration needed to maintain compliance on grant awards, loans, and investments; assist in the tracking and production of reports to satisfy compliance and other reporting requirements; support the implementation of the NMTC program; support the Aeris (a financial and impact reporting firm) review process; and assist with applications for new financial resources. The Grants &amp; Reporting Analyst will report to the Director of Impact &amp; Compliance and work closely with the Senior Impact Analyst across all BlueHub business lines to maintain compliance with external requirements and deliver on BlueHub’s mission.Work Arrangements:&nbsp;BlueHub staff are working a hybrid schedule of three days of work in the office (Tu-Th) and two days of remote work (M &amp; F).&nbsp;Background:&nbsp;BlueHub Capital is a mission-driven, nonprofit community development financing organization focused on building healthy communities where low-income people live and work. We use innovative financial tools and deploy capital to support projects that make communities more vibrant places to live. BlueHub has four distinct programs: BlueHub Loan Fund (community development financing), BlueHub SUN (foreclosure relief), BlueHub Energy (clean energy access) and One Percent for America (citizenship financing). Since our founding in 1985, BlueHub has invested over $3.1 billion (and leveraged over $16.1 billion) to finance:<ul><li>Affordable housing, school facilities, child and youth development programs, community-based health centers, grocery stores, and community gathering places</li><li>Reducing financial barriers to US citizenship</li><li>Clean energy enhancements that expand access to solar and other renewable sources for people with low incomes</li><li>Mortgage lending for families facing foreclosure&nbsp;</li></ul>Increasing economic opportunity is at the heart of why BlueHub exists and why we do the work we do. Our investments focus on communities that have been systematically denied access to capital. Our offices are located in the Roxbury neighborhood of Boston, MA. To learn more about BlueHub Capital, please visit, <a href="http://www.bluehubcapital.org" target="_blank">www.bluehubcapital.org</a>.Essential Duties and Responsibilities:The essential duties and responsibilities will include, but not be limited to, the following:<ul><li>Assist with the collection, storage, and maintenance of impact, compliance and other grant related data.&nbsp;</li><li>Help with preparation of periodic investor and grantor reports.</li><li>Assist with reporting for federal awards and allocations, institutional and foundation investors, and bank lenders across business lines which includes:<ul><li>maintaining a calendar of reporting requirements;</li><li>helping track progress towards grant goals;</li><li>supporting cross-business line communication strategies that assists with the accurate, timely information necessary to meet these requirements; and,</li><li>assisting with the preparation of quarterly and annual reports, surveys, and certificates.</li></ul></li><li>Provide support to the NMTC program including:<ul><li>helping track compliance with allocation agreements;</li><li>supporting deal closings, due diligence items, regulatory compliance, and asset management matters as they relate to compliance issues during the seven-year NMTC compliance period, disposition and exit stages;</li><li>collecting and reviewing borrower reporting deliverables for compliance and impact reporting.</li></ul></li><li>Assist with Community Development Entity (CDE) and CDFI certification, which includes obtaining periodic board accountability certifications.</li><li>Assist with annual CDFI reporting requirements.</li><li>Participate in the preparation of periodic NMTC, CDFI and other applications.&nbsp;</li><li>Provide support for the organization’s participation in the Aeris reviews.</li></ul>Other duties as assigned.Qualifications and Skills:<ul><li>A Bachelor’s degree and at least 2-4 years of experience in nonprofit sector or with community development finance institutions.&nbsp;</li><li>Experience successfully using CRM (Customer Relationship Management) software, ideally Salesforce.com.</li><li>Solid experience using Excel and other data analysis tools. Able to identify significant themes from data analysis.</li><li>Excellent oral and written communication skills and excellent attention to detail.</li><li>Demonstrated ability to be discrete when dealing with sensitive matters and to maintain confidentiality when needed.</li><li>Demonstrated ability to develop/support systems that improve and ensure consistency in work.&nbsp;</li><li>Well-organized, flexible, and able to manage multiple tasks simultaneously, and to complete them on or ahead of schedule.</li><li>Demonstrated ability to manage time well and work well within fixed deadlines to ensure compliance with timing of report delivery.</li><li>Positive, can-do, collegial attitude; able to work effectively with a wide range of internal and external staff and stakeholders.</li><li>Strong team player; willing to do whatever work is necessary to successfully complete key projects.</li><li>Eager to learn and grow; able to take direction and to receive and provide constructive feedback.</li><li>Able to work independently and to ask questions/seek guidance when needed.</li><li>Interest in or commitment to the mission and goals of BlueHub Capital.</li></ul>Salary and Benefits:Salary is competitive and commensurate with experience within the guidelines of BlueHub Capital’s salary scale. As a “life cycle employer,” BlueHub invest in the benefits, training, growth opportunities and infrastructure that let you envision a career here. Benefits include:&nbsp;<ul><li>Generous insurance benefits: Health, dental, vision, life and disability insurance, including additional reimbursement for out-of-pocket healthcare expenses</li><li>Retirement benefits: Competitive 401(k) matching</li><li>Unique BlueHub benefits and stipends that support employee wellness, sustainable practices and charitable gift matching</li><li>Excellent package of vacation time and paid leave, as well as generous roll-over policies</li></ul>Application:Please submit a resume and cover letter online via our application portal. You may direct your cover letter to Shannon Weiss, Talent Acquisition Consultant. No calls please. Due to the high volume of applications, BlueHub Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.BlueHub Capital is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, gender expression, age, national origin, ancestry, active military or veteran status, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), genetic information, or other protected status in accordance with applicable federal, state and local laws. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual’s qualifications for a specific job opening.

3 BlueHub Capital Jobs