Reports To: Chief Credit Officer
Job Type: Full-Time Employment
Region:
Africa
- Central America & Mexico
- United States
Location: US Remote, MA Cambridge, Costa Rica, Kenya
Start Date: Immediate
Contact: Please apply by using the form below.
Agriculture is the key to unlocking a better future for billions of people. But while rural families sustain the world, they struggle to sustain themselves. Root Capital is a nonprofit social impact investor that puts its money where others don't - in underserved agricultural businesses.
We provide financing and business training to agricultural enterprises in the "missing middle" - those that are too big for microloans but too small for commercial lenders. As these agricultural businesses succeed and scale, they become engines of impact that help farming families, communities, and economies to flourish.
Founded in 1999, we are the largest social investor in agricultural businesses. As both a lender and a nonprofit, our unique model allows us to go where other financiers don't and support agricultural enterprises so they can succeed and grow. Our world-class team of experts identifies, partners with, and invests in exceptional agricultural entrepreneurs in Africa, Asia, and Latin America.
Over 23 years, Root Capital has invested $1.9 billion in more than 750 agricultural enterprises, proving these under-served businesses are bankable and investable. We have shown that access to finance helps these enterprises succeed and fuels the economy. Root Capital's investments and essential business and finance training have impacted 10 million farming families through job creation, financial security, and climate resiliency. Headquartered in Cambridge, Massachusetts, we currently have offices in Costa Rica, Mexico, Nicaragua, Colombia, Peru, Ghana, and Kenya.
Position OverviewThe Senior Director of Credit Administration will lead Root Capital's global credit administration function, which includes ensuring documentation and loan closings in accordance with approved loan terms, local regulations, and Root Capital policy and procedures, loan servicing that ensures excellent customer service, as well as compliance with loan terms, and maintenance of legal opinions related to Root Capital's lending activity in each jurisdiction where it operates. The Senior Director is a member of the leadership team of Root Capital's Risk Department reporting directly to the Chief Credit Officer. The Senior Director supervises two Regional Credit Administration Managers who manage the team of loan closers in Root Capital's Cambridge and regional offices, including in Peru, Costa Rica, and Kenya. The Senior Director also works closely with Root Capital's Treasury Department to ensure sound transaction processing and excellent customer service, as well as with Root Capital's Legal Department to manage country legal research, develop and manage relationships with regional lawyers as it relates to loan documentation, and carry out Know-Your-Customer and Anti-Money Laundering / Counter Financing of Terrorism processes. The Senior Director supports the collection and workout function, including preparation of default notices and documentation review. The Senior Director develops and manages Root Capital's third-party credit administration, including loan participations, loan syndications, and administration of third party guarantees. This role works closely with the Risk Management team to develop credit policies and procedures as needed. The Senior Director is the primary liaison for Root Capital's external auditors as it relates to the loan portfolio. This role works closely with Client Operations to support loan management system design and improvements, as well as to design and lead relevant trainings for the Lending Team.
Duties & ResponsibilitiesLoan Closings and Documentation (50%)
Loan Servicing (10%)
Collections and Workouts (5%)
Credit process, Compliance, and Internal Audit (5%)
Legal Research (5%)
Third Party Credit Administration (25%)
Perform other relevant duties as assigned.
Required Skills and ExperienceMore information about Root Capital is available atwww.rootcapital.org. Applications are accepted on a rolling basis. Candidates are encouraged to apply using the form below as soon as possible, making sure to include a resume and cover letter that describes your interest, qualifications, language abilities, salary requirements, and how you learned of the position. Finalist candidates will be required to provide at least three work-related references.
U.S applicants:Root Capital Inc. participates inE-Verifyand will provide the federal government your I-9 information to confirm that you are authorized to work in the U.S. For more information,see here. Learn more about yourright to work.
Root Capital provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, creed, religion, sex, national origin, ancestry, active military or veteran status, age, physical or mental disability, medical condition, pregnancy (which includes pregnancy, childbirth, medical conditions related to pregnancy and childbirth, and breastfeeding and expressing breast milk), sexual orientation, gender, gender identity, gender expression, genetic information, or any other characteristic protected by law. Root Capital is committed to creating a dynamic work environment that upholds our leadership principles of: empowerment, equity, integrity, service, and transparency.