Southern Bancorp is a different kind of bank. As a Community Development Financial Institution (CDFI), a special certification designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals.
Job Summary
This senior leadership role will significantly expand, manage and hold accountable Southern’s Impact Finance Practice. This leader will guide the strategic growth of several business lines focused on serving underserved markets and customers with specialized loan and investment products including Small Business Administration (SBA) guaranteed lending, New Market Tax Credits (NMTCs), Low Income Housing Tax Credits (LIHTC), Home Mortgage, and Renewables/Solar. Several business lines already exist at Southern (SBA, NMTC and Home Mortgage), while others will need to be established and staffed (LIHTC, Renewables/Solar). A key focus is developing high-impact business lines into a strategic practice area that increases the flow of capital to underserved communities. This senior leader will serve as a role model to others by demonstrating high performance standards, strategic use of data insights, and rigorous accountability.
Responsibilities
- Significantly expand and/or establish and develop business lines included in Southern’s Impact Finance strategy with a focus on building teams that address capital access barriers in underserved markets.
- Guide and manage the strategic growth of the SBA, NMTC, LIHTC, Home Mortgage and Renewables teams.
- Oversee the Impact Finance practice’s loan and investment portfolio.
- Evaluate and manage risks associated with impact lending and investments.
- Monitor and report on the financial performance and impact of financing activities.
- Recruit, train, mentor, and motivate a team of finance professionals.
Requirements
- Bachelor’s degree in business, finance or banking and 15 years’ experience in banking or finance or related field.
- Deep knowledge of SBA, NMTC, LIHTC, mortgage, renewables financing or related credit issues.
- Demonstrated experience with complex commercial financing, including the use of tax credits.
- Commitment to Southern’s mission to drive capital to underserved communities.
- Strong evidence of significant external client contacts and business development skills.
- Ability to help develop and drive a shared understanding of a long-term vision for organizational success. • Demonstrated ability to lead effectively through change and hire and develop talented people.
- Demonstrated ability to build new business lines and grow existing business lines.
- Excellent communication (both written and verbal) and interpersonal skills, with the ability to effectively engage and influence stakeholders at all levels of the organization.
- Must possess and maintain current and valid driver’s license and a vehicle with appropriate insurance coverage.
Physical/Sensory Requirements
While performing the duties of this job, the individual is:
- Regularly required to sit, talk, and hear; reach with hands and arms; and occasionally stand and walk, stoop, kneel or crouch.
- May be required to lift or move up to 50 pounds occasionally.
- Regular required to use computers, telephone, and other standard office equipment.
Submit your application by CLICKING HERE.
This position is exclusively available to candidates who reside in the following states: AL, AR, FL, GA, LA, MS, MO, NC, SC, TN or TX.