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About Root Capital

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 Overview

The Manager’s primary function is to support the Sr. Director of Credit Administration oversee Root Capital’s credit administration function worldwide. This includes ensuring documentation and loan closings are done in accordance with approved loan terms, local regulations, and Root Capital policy and procedures, loan servicing that ensures excellent customer service, maintaining documentation templates, departmental procedure manuals and databases of third part service providers, and proactively participating in continuous improvements to policy and procedures. This role will support two regional managers overseeing Africa and Indonesia, and Latin America, respectively. The Manager will work closely with the Sr. Director of Credit Administration in coordinating the preparation of training materials for the required training the department delivers to the Lending and Risk Management Teams and other pertinent topics prioritized each year, and leading the effort to work with other members on the team to document internal departmental procedures in a manual. The position is remote, with a preference for the Manager to be based in Cambridge, MA, or the Washington, DC, area.

Primary Responsibilities

General Support in Loan Documentation and Closing

• Review loan and related security documents drafted in the regions, often using internal and pre-approved templates
• Ensure loan documents drafted by regional credit administration associates, regional managers, or local counsel are drafted in accordance with approved terms and Root Capital lending policy.
• Draft loan documents for complex cases, as requested, and with the support of the Sr. Director of Credit Administration and General Counsel.
• Oversee loan servicing and ensure compliance with loan terms, as well as excellent customer service.

Development and Maintenance of Loan Document Templates and Credit Administration Manuals

• Collaborate with Root Capital’s General Counsel and the Sr. Director of Credit Administration to maintain up-to-date template loan documents and notices.
• Actively participate in the process of developing, maintaining, and continuously improving Root Capital’s Credit Administration Process Manual.
• Collaborate with Credit Administration Regional Managers to ensure that Root Capital’s standard loan agreement templates utilized in assigned sub-region and locally drafted documents are updated to reflect any relevant revisions to credit policy and reflect learnings from recent legal opinions and questionnaires.
• Collaborate with Credit Administration Regional Managers to ensure Lending Country Guides are kept up to date and reflect any relevant revisions to credit policy and reflect learnings from the lending and risk team and recent legal opinions and questionnaires.

Lending Policy and Procedure Improvement and Related Training

• Participate in the development, review and continuous improvement of lending policy and processes.
• Lead the development of training material and coordinate the delivery of required KYC training and other prioritized Lending Policies and Procedures related to the functions overseen by Credit Administration.

Third-Party Lending and Guarantees

• Support the Credit Administration Team to ensure compliance with unique covenants and reporting requirements of individual guarantee facilities, inter-creditor and participation agreements, and syndicated loans.
• Review regular reports and claims related to third-party guarantees that Credit Administration is responsible for producing, as required.

Collections

• Support regional workout and collections staff by reviewing and finalizing draft default and other client notices.

Preservation of Loan Documents and Files

• Ensure proper execution, management, and custody of electronic and original loan documents originating in Indonesia.

Required Skills and Experience

• Six to Eight years of experience in loan documentation and closing, required
• Fluency in English and Spanish is required and French is a plus
• Bachelor’s Degree with coursework in finance, accounting; or Law Degree with work experience in finance
• Advanced or skilled user of Microsoft Word and Excel
• Self-motivated to work independently
• Evidence of a strong customer service commitment
• Enthusiasm for working in a multicultural environment; experience in a global and multi-location work environment is highly desired.
• Strong organizational and communication skills with an ability to manage and accomplish multiple tasks in an agreed time-frame through effective prioritization of duties
• Committed to prioritizing diversity, equity, and inclusion and embracing transparency and authenticity in daily work life.
• Passionate about Root Capital’s mission
• Strong attention to detail and the ability to manage multiple projects simultaneously and adapt to a dynamic environment.
• Authorization to work in the US
• Ability to travel (maximum twice/year) to rural regions of developing countries where Root Capital operates and 2-4 times/year domestically for team meetings and conferences.

How to Apply

More information about Root Capital is available at www.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 in E-Verify and 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 your right 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.