Loan Manager, VCDF

Written By Raven Bates

Release date: September 12, 2025

Anticipated Start Date: On or before November 3, 2025

Applications will be reviewed on a rolling basis, and the position will be open until filled.  

Position Overview 

The Loan Manager will work closely with the Loan Fund Director to advance the mission of VCDF, conduct outreach to prospective and existing borrowers, manage compliance and reporting functions, and maintain strong communication with project sponsors and borrowers. The Loan Manager may also coordinate asset management of VCDF’s growing portfolio as the program evolves. 

The Loan Manager will strengthen lending processes, support cross-functional performance within the Loan Fund, and foster a thriving, equity-driven organizational culture. This role is ideal for a detail-oriented, collaborative professional eager to translate strategy into sustainable, mission-aligned impact. 

About VCDC and Virginia Community Development Fund (VCDF)

VCDC is a nonprofit community development organization based in Richmond, Virginia. We provide capital solutions and strategic partnerships to support affordable housing and community development across Virginia and beyond. Our work includes equity investments backed by Low-Income Housing and Historic Tax Credits, compliance and capacity-building support, and consulting services. Through our affiliates, the Virginia Community Development Fund (VCDF) and Virginia Community Development Advisory Services (VCDAS), we also offer lending and technical assistance for housing, commercial, and economic development projects. 

Our work is guided by the following values: 

  • People – We go the extra mile for those we serve and work with. 

  • Partnerships – We collaborate with empathy, curiosity, and shared purpose. 

  • Community – We define success by the housing and economic security we help deliver. 

  • Equity – We invest in overcoming injustice and advancing opportunity. 

VCDF is the lending affiliate of VCDC. For over 18 years, VCDF has provided flexible financing to real estate projects that improve opportunities in jobs, housing, and community services benefiting low-income people in Virginia and West Virginia. We are committed to bringing fair, responsible resources to underserved communities by offering predevelopment, construction, and bridge financing that supports mission-aligned partners in developing affordable housing and commercial projects. 

Key Responsibilities 

  • Work with the Loan Fund Director to identify, originate, and process loans with current and prospective borrowers 

  • Receive and evaluate loan requests, providing summaries for review and consideration by VCDF staff 

  • Prepare loan proposals/credit memos for staff review and present to VCDF Board Loan Committee 

  • Manage loan processing and track loans through closing 

  • Coordinate with Finance Team and monitor loan servicing 

  • Provide input and review compliance and impact reports for funders, investors, and oversight agencies 

  • Maintain and improve systems for communication and data management 

  • Collaborate on the development, launch, and execution of lending products and partnerships 

  • Assist Fund Director in program planning, product design, and proposals for added capital 

  • Other duties as assigned  

Performance Expectations 

  • Deliver high-quality, mission-aligned lending and portfolio management processes that support VCDF’s strategy and goals. 

  • Maintain operational clarity, timely execution, and effective collaboration across teams, borrowers, and stakeholders. 

  • Support growth in lending activity and internal capacity while building trust with community partners, funders, and borrowers. 

Qualifications 

At VCDC, we recognize that leadership and impact come from a variety of paths. If you believe you have the skills and experience to succeed in this role, even if you do not meet every listed qualification, we encourage you to apply. 

A successful applicant will: 

  • Demonstrate a commitment to increasing access to financial products and resources for low-income, underserved communities 

  • Work independently while balancing collaboration across teams 

  • Be flexible, creative, patient, and eager to learn 

Ideal candidates will bring many of the following qualifications: 

  • Experience in business and real estate lending, financial analysis, and/or loan systems 

  • Strong financial skills, including the ability to review financial statements and work with financing models used by VCDC 

  • Knowledge of community development, racial equity, and economic inclusion 

  • Strong organizational, analytical, and problem-solving skills 

  • Proficiency with Microsoft Office (Word, Excel) 

  • Excellent interpersonal and communication skills, written and verbal 

  • Attention to detail to ensure accurate and timely reporting and compliance 

  • Graduate degree or training in business, economics, or finance (preferred) 

  • Experience in the community development financial institution (CDFI) industry (a plus) 

  • Understanding of lending, due diligence, underwriting processes, and borrower relations 

  • Familiarity with community development lending and other loan programs 

  • Knowledge of loan servicing and data management software 

Work Environment & Additional Information 

  • Location/Primary Base of Operations: Richmond, VA  

  • Work Arrangement: Hybrid (Remote/In-Person)  

  • Position Type: Full-Time, Exempt   

  • Typical Work Schedule: 8:30am-4:30pm, Monday through Friday, though hours may shift occasionally based on business needs.  

  • Travel: Frequent statewide and regional travel is an integral part of this position and a valid driver’s license is required. 

 

  • Reports To: Loan Fund Director, VCDF 

  • Department: Loan Fund, VCDF  

  • Supervisory Responsibility: No 

  • Organizational Culture: VCDC fosters a values-driven culture grounded in our mission. Team members are expected to work with purpose and clarity, lead with integrity and inclusion, communicate transparently and collaboratively, and commit to continuous learning and improvement.   

  • Physical Requirements: The physical demands and requirements described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is frequently required to: sit, move, communicate (verbally and written), frequently lift objects up to 20 pounds, and read, analyze, and calculate various types of data and information. In addition, site visits and inspections may require kneeling, crouching and squatting. Reasonable accommodation will be made to enable individuals with disabilities to perform the essential functions of the role.  

Compensation & Benefits

t VCDC, we believe compensation should reflect both the impact of the work and our commitment to organizational values. We use national and local salary surveys, structured pay bands, and internal benchmarking to ensure our pay practices are fair, competitive, and transparent.  

  • Salary and Pay Band: The salary range is between $75,000 - $90,000 plus benefits. This represents the full compensation range for the role over time, not necessarily the starting salary.   

  • Starting Salary: The expected starting salary will be commensurate with experience, skills, and qualifications. Candidates should expect an offer within the lower to mid-range based on relevant experience, with progression opportunities tied to performance and tenure.  

  • Bonuses: Performance-based bonuses may be available depending on individual and organizational outcomes.  

Our total compensation package includes a range of financial, wellness, and professional benefits: 

  • Health & Wellness: Medical, dental, and vision insurance with 100% employer-covered options; 24/7 telemedicine; a confidential Employee Assistance Program (EAP) offering mental health and wellness support; and access to a free office gym 

  • Time Off & Flexibility: Generous paid time off (PTO) and volunteer time off; hybrid work environment; free parking; casual dress; and ergonomic workstations 

  • Financial Security: Employer-paid life, AD&D, and long-term disability insurance; retirement plan with employer-funded contribution after one year; and tech/cell phone stipend (as applicable) 

  • Professional Growth: Tuition reimbursement, industry certification support, and a mission-driven, learning-focused culture 

  • Note: Benefits and compensation details are provided for informational purposes and are subject to change. 

How to Apply

Please submit your resume and a brief cover letter describing your interest and qualifications here. Applications will be reviewed on a rolling basis, and the position will be open until filled.  

Equal Opportunity & Equity Statement 

VCDC is an equal opportunity employer committed to building a diverse and inclusive team. We recruit, employ, train, compensate, and promote without regard to race, religion, color, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran status, or any other protected status as required by law. 

Background Check Notice 

All offers of employment at VCDC are contingent upon the successful completion of a background check. This may include verification of employment and education history, reference checks, Social Security validation, and a review of criminal history. A criminal record does not automatically disqualify a candidate. We consider the nature of the offense, how long ago it occurred, its relevance to the role, and whether it presents an unreasonable risk to our organization or community.

Raven Bates