Join Our Team
Capital for Change provides a competitive pay and benefits package and a supportive environment where you will be rewarded for your contribution to our success. ***Capital for Change is an Equal Opportunity Employer. Equal Opportunity Employer/Veterans/Disabled
Welcome to the C4C Job Portal. Below you can explore our current job openings. If you see a posting of interest, be sure to apply.
Capital for Change is an Equal Opportunity Employer.
How to apply:
1. Click the APPLY NOW - DOWNLOAD APPLICATION BUTTON found just beneath the job description to access the application.
2. Fill in the application with your information. Please try to be as clear as possible when entering your employment history and dates.
3. Once you've completed your application, click the down-arrow to DOWNLOAD and SAVE it. (The down-arrow is found in the upper righthand corner of the application window) *** Be sure your application has been SAVED before closing the application window. Otherwise, you may have to reenter your information.
4. Return to the C4C Job Portal to UPLOAD YOUR APPLICATION.
5. Click the UPLOAD APPLICATION & RESUME BUTTON to upload your application and resume.
||| Current Openings
Document Custodian
Location: Wallingford, CT 06492
Employment Type: Full-Time
Salary Range: $23.00 - $25.00 Hourly + Benefits
Narrative Summary of Position
The Document Custodian works under the supervision of the Director of Loan Servicing to control the functions of the File Rooms at the Wallingford CT office. C4C maintains both General and Secure File Rooms to house all the various files and documentation related to its Loan Servicing, Lending (Commercial and Consumer), Accounting and Human Resources departments. Due to the nature and importance of these documents, access to the File Rooms is restricted to a very limited subset of the management team, plus the Document Custodian.
RESPONSIBILITIES
Working collaboratively with the lending team members accomplish the following:
File Rooms & Document Retention Control
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Control the functions and organization of the File Rooms to ensure filing of all loan-related physical documentation into its proper location. Maintain the process for identification of documentation to allow for efficient recovery of said documentation when requested. Ensure all physical documentation is protected and, as applicable, and secured. Maintain processes and procedures for the management of the File Rooms with support from the Loan Servicing management team.
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Coordinates document retention and document destruction schedules for the various items in the File Rooms., and trains staff. Work with operations for scheduling shredding of documents.
CHFA Loan Documents Reconciliation
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Reconciles documents with the servicing system, and as CHFA’s original document custodian, ensure that original loan notes & original recorded deeds and other required original documents exist for all CHFA loans in LFN system.
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Follow-up with lenders or originating banks for missing original documents, and report to CHFA, as needed.
Documents Requests/Documents Shared Email Box
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Manage the document unit shared email inbox ensuring timely responses to all requests.
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Review and process document requests from C4C staff, investors, lenders, attorneys or other third parties, and borrowers, following established procedures to provide electronic copies or, in limited circumstances, physical original documents or hard copies, and ensure that electronic copies exist for those physical original documents or hard copies.
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Research internal sources, and as applicable, external sources such as town clerks’/records office online data for responding to requests.
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Distribute non-document requests to the appropriate loan servicing staff or shared email inbox.
Loan Servicing Legal Documents
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Maintain electronic documentation of legal documents, such as, name changes, death certificates, divorce decree, POA, etc., and, as applicable, send appropriate notice to operation staff for updating the servicing system.
Mail Processing
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Assist with the incoming mail and packages process and the Loan Servicing Department’s outgoing mail per C4C mail procedures.
Other Duties
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Perform additional duties and projects as assigned or required to meet the daily operations and demands of C4C’s Loan Servicing Department.
QUALIFICATIONS AND SKILLS
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Computer Software: MS Word, Excel, Crystal report writer, Loan Servicing software
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Mathematical: Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals.
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Ability to use a basic calculator.
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Financial: Basic bookkeeping.
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Communication: Must be fluent in English and can communicate effectively both verbally and in written correspondence. Additional fluency in Spanish is preferred but not required.
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General: Thorough working knowledge of various loan documents and ability to interpret and adhere to State, Federal and mortgage insurer regulations. Ability to handle multiple tasks and manage workload independently; strong aptitude for numbers; excellent analytical skills with a high level of attention to detail; strong interpersonal skills, with high degree of tact and diplomacy; excellent organizational skills; ability to handle confidential information; ability to work through difficult or sensitive projects; ability to work under pressure to meet deadlines; flexibility to adapt to changes in workplace priorities; resourcefulness and ability to work independently as well as in a team environment.
EDUCATION & EXPERIENCE
• High School Diploma required; An associate degree preferred and/or equivalent additional work experience.
• Minimum two (2) years’ work experience related to loan servicing and document custodian in the financial industry, including at least one year in mortgage loan servicing document or file room processes. Experience of working in a team-oriented department that requires the daily operations to be fulfilled in a timely manner.
Loan Officer – Commercial Lending
Location: Hybrid remote in Wallingford, CT 06492
Employment Type: Full-Time
Salary Range: $90,000 - $95,000 + Benefits
Narrative Summary of Position
NARRATIVE SUMMARY OF POSITION
Capital for Change (C4C) is a full-service Community Development Financial Institution (CDFI) in Connecticut offering capital solutions that create and sustain lasting positive change for low-income communities, broaden social and economic participation, and encourage economic growth and environmental sustainability. We champion projects of all kinds with an approach that one size does not fit all, enabling us to create high impact products and programs that create affordable housing, increase energy efficiency, finance mixed-use development, assist nonprofit organizations and support small businesses.
C4C is seeking a dedicated and experienced Loan Officer to join our team. This position is responsible for originating and managing a diverse portfolio of loans focused on affordable housing development, energy efficiency lending and nonprofit community facilities. The ideal candidate will be passionate about community development, possess strong financial analysis skills, and excel at building relationships with developers, nonprofit leaders, and community partners to advance our mission of creating equitable opportunities in underserved communities. This position’s primary responsibilities are to source and underwrite loan requests, and monitor loans to expand C4C’s mission and impact. The Officer’s portfolio will include housing, energy, nonprofit and possibly business loans. The Loan Officer will work closely with the Lending team to provide technical assistance and excellent customer service.
RESPONSIBILITIES
Working collaboratively with the lending team members accomplish the following:
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Business Development & Origination: Proactively identify and cultivate a pipeline of high-impact loan opportunities with affordable housing developers and nonprofit organizations. Represent the organization at industry events, community meetings, and conferences to build relationships and source new deals.
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Due Diligence & Risk Assessment : The loan officer will collect financials and data and prepare financial, credit and risk analyses. Additionally, the Loan Officer will conduct thorough financial analysis and risk assessment for loan applications that meet both the borrower's needs and the CDFI's risk tolerance.
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Loan Structuring: Understand how other C4C products, including subsidy funds and energy funds can be leveraged in loan structuring. Prepare Loan Approval Document (LAD) and Risk Rating in accordance with internal credit and programs requirements and present to Loan Committee or other loan approval authority as designated in Loan Policies. Collaborate with Finance Department as needed in matching loans with funding sources.
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Loan Closing: Work collaboratively with borrowers, legal counsel, and internal staff to guide approved loans through the closing process efficiently.
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Portfolio Management: Actively monitor a portfolio of existing loans, ensuring compliance with loan covenants, tracking project progress, and addressing any potential issues. Conduct regular site visits and maintain strong, ongoing relationships with borrowers. Working with internal staff, inspectors and processing payment requests.
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Community & Partner Engagement: Serve as a knowledgeable resource for community partners on affordable housing and nonprofit finance. Maintain a deep understanding of public subsidy programs (e.g., LIHTC, HOME funds) and other financing tools available in the community development ecosystem.
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Other Activities: Assist as needed with grant applications/reporting and other activities as assigned.
QUALIFICATIONS AND SKILLS
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Mission Alignment: A genuine passion for and commitment to community development, social justice, and the mission of CDFIs.
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Personal Attributes: Highly organized, self-motivated, and able to manage multiple projects simultaneously in a dynamic environment. Strong interpersonal skills are essential for building trust and rapport with a diverse range of clients and partners. Ability to work independently and to collaborate effectively.
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Education: Bachelor's or higher degree in Finance, Business Administration, Urban Planning, Public Policy, or related field or comparable professional experience.
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Experience: A minimum of 3-5 years of direct experience in non-consumer lending in particular commercial real estate lending, with a strong preference for experience in affordable housing finance, nonprofit facility lending, energy/climate lending or community development banking. Small business lending experience a plus. Strong computer skills including proficiency in Microsoft Office and CRM software required.
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Other: Commitment to and skill with clear, detailed, service-oriented written and verbal communication with borrowers and C4C colleagues.
Community Development Underwriter - Commercial Lending
Location: Hybrid remote in Wallingford, CT 06492
Employment Type: Full-Time
Salary Range: $80,000 + Benefits
Narrative Summary of Position
NARRATIVE SUMMARY OF POSITION
Capital for Change, Inc. (C4C) is a full-service Community Development Financial Institution (CDFI) in Connecticut offering capital solutions that create and sustain lasting positive change for low-income communities, broaden social and economic participation, and encourage economic growth and environmental sustainability. We champion projects of all kinds with an approach that one size does not fit all, enabling us to create high impact products and programs that create affordable housing, increase energy efficiency, finance mixed-use development, and assist nonprofit organizations.
Reporting to the Director of Commercial Lending & Impact, the Multi-Family Affordable Housing Underwriter (the “Underwriter”) position has an administrative and a lending focus. The Underwriter assists the Director in maintaining and implementing a lending strategy, policies, and products to achieve Capital for Change’s mission and Board designated Ends. The Underwriter’s primary
responsibility will be to underwrite loans, with a priority and emphasis on multi-family housing, subsidy funds and those with a community development focus.
The Underwriter also aids in department operations including pipeline tracking, loan documentation, closings and fundings to ensure standardized and efficient loan processing in the Department.
RESPONSIBILITIES AND DUTIES
• Prepare financial, credit and risk analyses on Loan Approval Documents for Loan Officer presentation to Loan Committee and assist in managing closing process with legal counsel.
• Perform annual reviews on existing loans in the portfolio assessing cashflow and risk.
• Monitor and analyze commercial loan portfolio performance to assess risk exposure, identify trends, and recommend strategies to mitigate potential issues.
• Assist with credit quality of loan production and underwriting for a multifamily affordable housing, energy efficiency loans and non-profit loans, as needed.
• Screen and underwrite financing requests, including collection and analysis of application materials.
• Review appraisals and other external reports.
• Contribute to loan structuring discussions.
• Assist with commercial loan documentation.
• Participate in management and tracking of construction loan advances for applicable loans.
• Provide technical assistance as needed to C4C borrowers.
• Utilize internal tracking systems and pipeline information.
• Other duties as assigned.
OPERATIONAL IMPROVEMENTS
• Review incoming loan submissions for completeness and work directly with lenders to correct any deficiencies.
• Identify risks in proposed loans by becoming proficient with Capital for Change credit policy and lender guide.
• Remain current on external factors that may affect established lending policies, such as new or revised legislation and regulations.
• Coordinate with the Portfolio and Asset Management to gather market data and reconcile all regulatory requirements during the underwriting process, provide feedback while transactions remain in the portfolio and to resolve issues on troubled assets.
CORE COMPETENCIES
• Ability to review and understand financial documents i.e. complex tax returns, audited financial statements (non-profit), etc.
• Strong understanding of construction development budgets and operating pro formas, including preparation, analysis, and monitoring of project financials.
• Strong attention to detail and accuracy.
• Familiarity with public and private sector funding sources for affordable housing and community development.
• Proficiency in Microsoft Office Suite, Salesforce, and loan servicing software.
• Deep commitment and ability to welcome and empower all, highly focused on collaboration with peers.
• Strong verbal and written communication skills.
• Excellent organizational, multi-tasking, and problem-solving skills.
• Ability to learn multifamily underwriting systems and tools that are specific to C4C.
MINIMUM JOB REQUIREMENTS
• Bachelor’s degree in a related field or relevant work experience.
• At least three years of experience in loan underwriting with a CDFI, bank, or other financial institution related to multi-family affordable housing development, commercial lending and real estate construction.
Please note: A brief underwriting test will be administered as a part of the hiring process.