Flexible Location, USA | March 30, 2021
About Primary Care Development Corporation (PCDC)
Catalyzing Excellence in Primary Care
Quality primary care is transformative and a cornerstone of healthy, thriving communities. PCDC, a nationally recognized 501(c)(3) community development financial institution (CDFI), catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity. The organization is experiencing significant growth due to its past success and seeks candidates who are mission-driven and respectful and thrive in a supportive, team environment.
PCDC’s Capital Investment Practice invests in communities by providing advisory services and flexible, affordable capital to create lasting and sustainable impact for the organizations and the communities they serve. PCDC is uniquely positioned to provide financing that is tailored to transforming and expanding primary care, including, wherever possible, the integration of comprehensive medical, dental, and behavioral health services. PCDC provides strategic advice to help organizations that are preparing for growth and an expansion of services or planning facility development projects and offers a variety of affordable and flexible short-term and long-term loan solutions to support capital projects as well as other business and service expansions. PCDC’s Capital Investment staff understand primary care business models and monitor policy changes and regulations that affect primary care practices and revenue streams and serve as trusted advisors to clients on what it takes to successfully finance capital projects in a changing health care environment. To fund our loans, we raise impact investment capital to enable is to deliver flexible, affordable capital solutions to our clients. We also partner with other community development lenders and advocates dedicated to catalyzing excellence in primary care to ensure we can meet a client’s needs, regardless of project size.
For more information on Primary Care Development Corporation, please visit the website.
The Capital Investment Underwriter will play a central role in the growth and expansion of PCDCs lending business nationally. The Underwriter will be responsible for overseeing the underwriting and closing process for loans and New Markets Tax Credit (NMTC) transactions, providing technical assistance to Capital Investment staff and underwriting specific transactions, working closely with the Chief Credit Officer and Chief Lending Officer. The Underwriter will partner internally to support the achievement of budgeted goals, contribute to process improvements, and ensure transactions conform with PCDC’s impact and credit standards. The Underwriter will report to the Chief Credit Officer.
The Underwriter of PCDC is accountable for leading and overseeing the underwriting and closing of loan and NMTC transactions.
Included responsibilities but not limited to:
- Work with borrowers through the underwriting and closing processes, assessing the viability of potential borrowers and projects, performing financial analyses and due diligence, structuring loans and NMTC, preparing and presenting credit proposals, and negotiating financing terms in accordance with credit policy and guidelines.
- Maintain knowledge of PCDC target geographic markets, particularly New York State and Los Angeles County, and trends in these markets and the national footprint. Disseminate knowledge to colleagues to inform Capital Investment practice.
- Maintain good working knowledge of the PCDC’s lending policies and procedures and identify exceptions to credit policy
- Structure transactions appropriately that meet client’s needs and PCDC credit standards and program requirements
- Prepare commitment letters and loan and NMTC documentation in accordance with policy and committee approvals
- Lead the closing process for approved loans and NMTC financing including the negotiation and drafting of legal documents and coordination of closing due diligence from loan officers, borrowers, counsel, and deal team partners and professionals
- Prepare comprehensive, thorough, and in-depth written analysis of loan and NMTC financing and present written and oral recommendations to the Chief Credit Officer and loan committees
- Provide technical assistance to Capital Investment team members including structuring assistance, underwriting and closing support, and guidance to ensure compliance with PCDC’s underwriting criteria and NMTC program requirements
- Perform comprehensive underwriting of loan and NMTC transactions, including structuring, conducting due diligence and financial analyses, and preparing credit recommendation memos
- Ensure effective and productive communication and coordination with Capital Investment staff to ensure efficient processes and sound risk and asset management practices
This position will be 100% remote (working from home) during the COVID-19 pandemic. Once PCDC’s workforce returns to the office this role can remain remote with periodic travel to New York.
The ideal candidate will have the following professional and personal qualities, skills, and characteristics:
- Minimum of five years lending experience in community development and/or community facility financing, including underwriting and administration of construction loans, preferably with a CDFI or other community development lender
- Experience in real estate development or health care financing preferred
- Bachelor’s degree in Business or Finance (Master’s Degree in Business, Finance or related field preferred)
- In-depth knowledge of credit and lending products and services, as well as analysis of financial indicators related to credit risk management
- Knowledge of, or commitment to, the healthcare industry and primary healthcare
- Strong oral and written communication skills, including experience speaking publicly
- Strong interpersonal skills and proven ability to work effectively with a wide variety of people and organizations, and in culturally and ethnically diverse environments
- Self-motivated, have a positive attitude, and be enthusiastic to work in a start-up and entrepreneurial environment
- Ability to travel throughout the U.S., including a valid driver’s license
- Knowledge of New Markets Tax Credits (NMTC) and Community Development Financial Institutions (CDFIs) is preferred
- Strong financial analysis skills, particularly with nonprofit accounting
- Strong communicator and relationship builder with the ability to forge deep community relationships
- Outstanding interpersonal and oral/written communication skills, ability to produce exceptional quality work as part of an interdisciplinary team of professionals
- High degree of self-motivation, creativity, and flexibility
- Excellent teamwork and strong time management skills are essential.
Compensation & Benefits
PCDC offers a competitive salary and a comprehensive benefits package.
The Primary Care Development Corporation (PCDC) has engaged Koya Partners to help in this hire. Please submit a compelling cover letter and resume to Erin Reedy and Christy Farrell here.
The Primary Care Development Corporation (PCDC) is committed to creating and maintaining a diverse and inclusive workplace. PCDC is proud to be an equal opportunity employer and gives full consideration for employment to all qualified applicants regardless of race, color, creed, religion, sex, gender, gender identity or expression (including transgender status), sexual orientation, national origin, ancestry, citizenship status, age, disability or handicap, veteran status, marital status, pregnancy, genetic information or any other characteristic protected by applicable law.
About Koya Partners
Koya Partners, a part of the Diversified Search Group, is a leading executive search and strategic advising firm dedicated to connecting exceptionally talented people with mission-driven clients. Our founding philosophy—The Right Person in the Right Place Can Change the World—guides our work as we partner with nonprofits & NGOs, institutions of higher education, responsible businesses, and social enterprises in local communities and around the world.
For more information about Koya Partners, visit www.koyapartners.com.