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Chief Credit Officer, Nonprofit Finance Fund

Position: Chief Credit Officer

Functional Area: Accounting & Finance

Organization: Nonprofit Finance Fund

Location: New York

Metro Region: New York o


Nonprofit Finance Fund (NFF) unlocks the potential of mission-driven organizations through tailored investments, strategic advice and accessible insights. Founded in 1980, NFF helps organizations connect money to mission effectively, and supports innovations such as growth capital campaigns, cross-sector economic recovery initiatives, and impact investing.

A leading community development financial institution (CDFI) with over $80 million in assets, NFF has provided over $500 million in loans and access to additional financing via grants, tax credits and capital in support of over $1.4 billion in projects for thousands of organizations nationwide. Each year NFF works with hundreds of nonprofits providing education and financial advice and tools to improve their financial understanding and health, and partners with foundations across the country to develop solutions for organizations’ most pressing issues. 
NFF is on an exciting growth trajectory to fulfill our mission to bring tailored investments, strategic advice and accessible insight to create a more just and vibrant society. We are building a versatile team that has the diverse skills to deliver our products and the entrepreneurial approach and flexibility to support and drive NFF’s growth and innovation. NFF works nationally and our staff is located in five offices in New York, Boston, Philadelphia, San Francisco and Los Angeles. 
For more information, please visit


Currently, NFF’s on-balance sheet investment portfolio is comprised of over $60 million of debt investments (facility-related and working capital) ranging in size from $100,000 to $3 million, primarily to nonprofit organizations throughout the nation in the education, healthcare, human service, and art sectors.  The off-balance sheet portfolio includes over $200 million of NMTC investments and our third party work includes underwriting and asset management for foundations and government entities.

The Chief Credit Officer (CCO) will join this growing department to oversee the credit function and risk management of the full range of financing portfolios. Primary responsibilities include direct the development, oversight, and evaluation of credit policies, financial products and portfolios to ensure compliance with relevant programmatic, financial and risk criteria.  The Chief Credit Officer is responsible for the management of a team of professionals who conduct the day-to-day transaction and portfolio level work of due diligence, underwriting, negotiation, and closing transactions, in addition to loan and portfolio management while supporting the team in making key strategic decisions and monitoring the overall credit quality of the lending program.

In addition, the Chief Credit Officer is a key partner in and will work with staff across the organization to shape the development of new financial products and strategies.  Examples of the type of projects the CCO would be involved with are the development of pay-for-success related financing products and vehicles, expansion of our impact investing work, and the exploration of new markets and sectors.  We expect that the CCO will spend 75% of their time managing the current work and 25% of time on new initiatives and products.


Staff Management and Development

  • Manage a talented team, including Underwriters, Asset Managers, Analysts, Loan Administrator and Closing Specialist. Lead the team toward budgeted and strategic goals.
  • Contribute to the refinement of an appropriate staffing model and oversee the recruitment and training of staff required to effectively deliver on our goals and objectives.

Credit, Lending, and Asset Management

  • Effectively manage credit activity including underwriting, structuring, and closing of loans and financing by a team of Underwriters and other Financial Services staff.
  • Support the structuring of complex transactions. Manage the loan committee approval process.  Review and approve all loan documentation including the engagement of legal counsel and other consultants as needed.
  • Supervise the ongoing asset management of all financing portfolios including overseeing the negotiation and processing of extensions and modifications and loan monitoring performed by a team of asset managers. 
  • Monitor and evaluate the portfolio. Oversee the regular production of portfolio and financing activity reports for internal and external use by providing accurate portfolio and financing activity data in a timely manner. 
  • Support the implementation of a Salesforce system for tracking, updating, and accessing information on lending/credit activities and portfolios.
  • Refine and implement best practices for underwriting, disbursement, and loan and portfolio management including a review of credit policies, guidelines, and procedures.

Product Development

  • Work with staff across the organization to shape the development of new products. Actively participate in the initial conceptual and exploratory work including proposing and researching possible new financing programs and products. 
  • Support the process of bringing new products to market including exploring alternative structures and developing new guidelines and policies to support these products.



  • Significant experience with direct lending, asset management, and loan workout and restructuring, ideally in a commercial bank or CDFI; knowledge of real estate and construction lending a plus.
  • Strong financial analysis skills, with outstanding attention to detail and familiarity with nonprofit accounting.
  • Demonstrated success in building, managing, and deepening client relationships.
  • Proven success in staff management and development.
  • Outstanding interpersonal and communication skills, both written and verbal.
  • Strong time management, multi-tasking, and organizational skills, with an ability to coordinate complex activities and prioritize conflicting demands and deadlines.
  • Demonstrated commitment to serving low-income communities.
  • Results-oriented self-starter with the ability to work independently as well as collaborate with a close-knit group.
  • Flexibility, creativity, and patience, with imagination, enthusiasm and a sense of humor.
  • An openness to learning new skills and systems, with an entrepreneurial work ethic.
  • Bachelor’s degree or equivalent experience required; Master’s degree in business, finance, public administration, or related field preferred.

To Apply:

Please upload a resume and thoughtful cover letter, outlining how your skills and experience meet the qualifications of the position to Norah McVeigh at
Applications will be reviewed on a rolling basis.

Nonprofit Finance Fund offers a competitive salary and benefits,
commensurate with experience and skills.
NFF is an equal opportunity employer.

About Commongood Careers:
Nonprofit Finance Fund has partnered with Commongood Careers to conduct the search for a Chief Credit Officer. Commongood Careers is a mission-driven search firm for the nonprofit sector. With robust networks, a range of service offerings, and accessible fees, Commongood Careers is committed to providing a smarter way for the nation’s leading edge nonprofits to make high-impact hires. Since 2005, Commongood Careers has led over 600 searches for 200 organizations in 29 states, making us one of the most experienced nonprofit search firms in the country. Learn more about nonprofit jobs at Commongood Careers.