Interim Credit Officer and Director of Asset

INTERIM CREDIT OFFICER AND DIRECTOR OF ASSET MANAGEMENT DUTIES   Engagement Overview Employee will provide interim senior credit leadership and asset management oversight during a defined transition period. This interim role is structured to fill the Credit Officer and Director of Asset Management function on an interim basis while LIIF recruits and onboards a permanent Credit Officer and Director of Asset Management (DAM). The Employee brings deep CDFI-sector experience including prior service as a Chief Credit Officer, credit underwriting leadership, loan portfolio management, and workout/special assets oversight. This engagement is supported by Ardmore Banking Advisory ("Ardmore"), whose assigned staff will provide substantive portfolio-level operational support to the asset management team - meaningfully reducing the Employee's time allocation and ensuring continuous coverage across all asset managers. Engagement Structure & Key Relationships The Employee will function in a dual interim capacity: Interim Credit Officer responsible for credit oversight and guidance in connection with the loan portfolio, and sign-off on credit actions during the transition. The latter will require that credit authority be delegated to the Employee. Interim Director of Asset Management providing direct supervision of LIIF's five-person Asset Management team, including one Special Attention Loan (SAL) Asset Manager. Employee will also lead LIIF wide management of newly established Cross Functional Delinquent Loan Management Policy and other efforts related to managing and reporting on the credit quality of the portfolio Reporting line: Employee reports directly to Kimberly Latimer-Nelligan, President. Transition coordination: The current CCO will work alongside the Employee through approximately May 30, 2026. An extended overlap period is strongly preferred to facilitate a complete knowledge transfer. Ardmore Banking Advisory will be a co-engaged partner on portfolio-level operations, assigned to each Asset Manager, and will take a leadership role on defined special projects. Reporting: Weekly summary of activities and open items reviewed with Kimberly Latimer- Nelligan. Confidentiality: All borrower and portfolio data treated as strictly confidential. Ardmore Coordination: Employee will work closely with Ardmore Banking Advisory staff and will not duplicate effort where Ardmore has primary operational ownership. Interim CCO Coordination: As and when needed, Employee will collaborate with Interim CCO whose primary responsibility is to approve new credits. Flexibility: Both parties acknowledge this engagement is subject to evolution as the DAM hire process progresses. Scope adjustments will be made by written amendment. Detailed Scope of Work with Time Estimates The table below identifies each service area, the Employee's specific activities, Ardmore's supporting role, and estimated hours for the engagement period. Time estimates reflect a 6 months engagement and account for Ardmore's operational support. Employee will devote a minimum thirty (30) hours per week to perform the duties. Interim Leadership & Executive Reporting Weekly reporting/check-ins with Kimberly Internal credit policy direction and guidance Cross-team coordination and escalation review Represent credit function in key meetings Document key decisions and risk posture updates Provides supporting  analysis on portfolio trends as needed No primary Ardmore role in this area   Asset Management Team Supervision Direct supervision of 5 Asset Managers Portfolio review meetings with AMs Review and sign off on credit memos. For credit actions above delegated credit authority, manage the process to obtain required credit approval. Guidance on modifications and extensions Collaborates as needed with Ardmore on annual review catch-up workflow and status Performance coaching and workflow accountabilite Assigns Ardmore staff to  work with each AM Reviews and co-signs credit memos Guides modifications and extensions Leads annual review catch-up process Supports workflow management through AM team  Special Attention Loan (SAL) Portfolio Supervision Direct supervisory oversight of SAL Asset Manager Review SAL credit actions and risk classification and sign off on related credit actions. Manage the process to obtain required credit approval above delegated credit authority. Monitor loan covenant compliance and triggers Manage Monthly Special Attention Loan meeting Participate in key borrower/workout discussions  Supports SAL modifications and extensions Leads workout strategy development Reviews SAL credit memos alongside Employee Provides substantive workout operational support   Escalate high-risk situations to leadership cco Transition & Shadow current CCO through departure (~5/30) Provides supplemental briefings on portfolio ​ Knowledge Review open files, pending actions, background Transfer and risk items Helps bridge gaps if Capture institutional knowledge on transition period is key credits compressed Transfer credit policy authorities and procedures Onboard to LIIF systems, tools, and processes Special Provide credit judgment and review Ardmore provides ​​ Projects on audit findings leadership and primary (Credit Audit, Contribute to Loan Manual updates production Loan Manual, as needed Prepares credit audit work LLRs) Review and advise on Loan Loss product for Employee Reserve (LLR) methodology review Coordinate with Ardmore on project Leads Loan Manual deliverables revision process Attend and support special project LLR analysis and meetings methodology support Miscellaneous Miscellaneous Tasks NIA ​ TOTAL ESTIMATED HOURS PER WEEK: 35 Hours / Week   * CCO Transition hours are front-loaded during the first 6-8 weeks of the engagement (est. 6--10 hrs/week) and taper to minimal as the handoff is completed by CCO's departure on 5/30. Special Projects hours are variable and activity-dependent. Estimate reflects steady-state participation; weeks with active Credit Audit or Loan Manual work may run 4-6 hrs.