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NCP President – Job Description
CHICAGO, IL (May 18, 2006) - Following is a brief history and the job
description for the position of president of National Covenant Properties.
Brief history
The mission of National Covenant Properties is to be THE loan
source for Evangelical Covenant churches.
National Covenant Properties (NCP) was established in 1970 by the
Evangelical Covenant Church (ECC) as an Illinois not-for-profit
corporation for the purpose of making loans to member churches and other
affiliated entitles of the denomination. NCP is registered as a
501(c)(3) organization.
Assets currently exceed $245 million. The principal source of funds to
make loans is the sale of debt securities by NCP to members of,
contributors to, participants in, and affiliates of the denomination and
its member churches. The debt securities offered are Five-Year Fixed
Rate Renewable Certificates, Variable Rate Certificates, Individual
Retirement Account (IRA) Certificates, and Health Savings Account (HSA)
Certificates. Certificates are sold nationwide under guidelines that
apply to the various jurisdictions in which they are offered or sold by NCP.
National Covenant Properties operates under the loan and investment
policies established by its board of directors. The board consists of
not less than eight and not more than 13 directors, of which the
president of NCP is an ex officio director, as is the president of the
ECC. The board of directors meets every other month and currently
approves every loan and line of credit in excess of $50,000 made by NCP.
The corporate members of NCP are those persons who currently serve as
elected members of the Executive Board of the ECC.
NCP functions in close partnership with the Department of Church Growth
and Evangelism. The director of technical services of that department
currently serves as the secretary on the National Covenant Properties
Board of Directors. Consultations and coordination between the president
of NCP and this ministry arm of the denomination are essential to the
overall support provided to local churches and regional conferences,
particularly for new Covenant churches.
Responsibilities
The president of NCP serves on a full-time basis, overseeing the work of
a small staff and bearing overall responsibility for the successful
management of this multi-million-dollar corporation. This responsibility
includes financial, personnel, and systems management, as well as
extensive and effective relationships with borrowers, investors, and
board members. The president, a leader within the denomination, is
charged with achieving the strategic goals established by the board of
directors. The following outlines key aspects of the various functions
of the president:
- Loans - The president personally works with leaders in
churches, regional conferences and the denomination to offer guidance
and to inform churches regarding NCP policies. The president assists
borrowers in achieving their objectives while at the same time ensuring
the financial integrity and viability of NCP, as well as fulfilling a
fiduciary responsibility to investors. The goal is to establish and
maintain a high level of "client" satisfaction, with effective
communications and practical assistance. The president personally
reviews all loan applications and tailors the structure of each loan to
the specific circumstances of the individual church, consulting with
others throughout the denomination as appropriate. The president
recommends the most appropriate alternative among various courses of
action open to NCP and offers supporting rationale. Guidance in contract
and escrow matters, particularly when churches lack specific expertise,
is provided as part of the ministry of NCP. Establishing and maintaining
relationships with title companies, banking institutions and legal
counsel are part of the daily interactions of the president. Of
particular importance is the maintenance of effective working relations
between NCP and the Department of Church Growth and Evangelism.
- Investments - In the area of investments and the generation
of funds to continue this vital support ministry, the president is
responsible for communicating opportunities and reinforcing the message
of NCP's mission with investors through direct mailings, responding to
telephone inquires, and making presentations that outline the nature and
purpose of NCP at annual meetings or other events. Leading and enhancing
a "customer oriented staff" that cordially and professionally interacts
with investors is a key responsibility of the president, in addition to
providing timely and correct reports, maintaining accurate and
accessible records, helping with certificate redemption or renewal,
communicating interest rate changes, and assisting holders of IRA and
HSA accounts on reporting consequences of various transactions. In
addition, the president is responsible for selecting the type of and
timing for prudent investment of the assets of NCP, following policy
guidelines, so that funds are available to meet loan demand while
providing the best available rate of return.
- Planning and Reporting - The president develops the rationale
for recommendations for the rates that are set by the board of directors
for both loans and certificate offerings, recommends new or revised
policies, develops budget recommendations and annual projections,
ensures accurate, comprehensive and timely reporting to the board of
directors and to the Internal Revenue Service and other entities, and
oversees the development and use of supporting systems (such as document
storage, retrieval and application systems). Throughout the spectrum of
activity, the president recommends, implements and monitors policies and
procedures to ensure accuracy, security, and legal/regulatory compliance.
- Supervision - The president is responsible for all aspects of
the organization, including the supervision and employment of all other
members of the NCP staff. The president achieves goals and objectives by
prioritizing and allocating staff resources as needed, and actively
developing and counseling staff in their professional and personal
career development
- Other Leadership Roles - The president serves as a member of
the Council of Administrators of the ECC and as an advisor to the
officers and Executive Board of the ECC. As a member of the council and
advisor to the executive board, the president regularly participates in
matters related to church development and financial management and is
available to accept special assignments that occasionally come from the
Council of Administrators. The president is also an ex officio director
of Covenant Development Corporation, the real estate development arm of
the denomination.
Qualifications
The president of NCP is someone who:
- Is a growing Christian-a person who loves God, is committed to
following Jesus Christ and is responsive to the Holy Spirit. Anyone
interested in this position is considered to be earnestly exploring
whether it is God's call for the next season of his or her life. Each
candidate must demonstrate a high degree of personal integrity.
- Has sufficient background with the Evangelical Covenant Church so
that he/she can quickly gain the respect and confidence of our churches
and our investors. The successful candidate will communicate well and
build successful relationships across all levels of the denomination.
He/she must be willing to be a member of a local Covenant church.
- Has at least 10 years of increasingly responsible experience in the
broad type of work done by NCP, with specialized experience in at least
one of the following areas: financial management, accounting,
investment, banking or real estate development. The ability to analyze
financial reports and reach correct conclusions is a critical skill.
- Has earned a bachelor's degree from a four-year accredited college
or university, ideally in accounting or finance. The ideal candidate
will hold a master's degree in a related field.
- Possesses solid leadership, organizational, and problem-solving
skills and demonstrates a desire to be helpful. The ideal candidate will
have a minimum of five years of management experience.
- Can successfully pass background checks and security exams required
under the various Blue Sky laws of the states, including the Series 63
and Series 2 criteria.
- Is able to travel up to 25 percent of the work time.
Work Environment
The offices of NCP are co-located with the central offices of the
Evangelical Covenant Church in Chicago, Illinois. A traditional indoor
office environment pertains. This full-time position requires 40-45
hours per week with occasional evening and weekend work. The president
is required to represent NCP to its constituents at special events, to
attend meetings of the board of directors, and to meet with other groups
and officers of the Evangelical Covenant Church as needed. Compensation
is negotiable, based on experience, a relocation assistance is provided.
Copyright © 2008 The Evangelical Covenant Church. |
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