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  • Make an impact and join the opportunity finance field.

The track record of today’s opportunity finance industry is impressive. All financing directly benefits low-income and low-wealth people to increase access to homeownership opportunities, affordable rental housing, thriving small businesses, and critical services such as childcare, healthcare, and education.

Do you want to develop innovative strategies? Combine your business acumen with an unwavering dedication to making a difference in people’s lives? Change the rules of financing? Make your impact and join the opportunity finance field.

To submit a job listing, please use our online form. To edit or remove a posting please contact info@ofn.org.

If you are looking for internships please visit our CDFI Industry Internship Bank.

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Credit Analyst Opportunity Finance Network
Philadelphia, PA
Job Function: Financial Services
Posted: June 14, 2017

Background:

Opportunity Finance Network (OFN) is the leading membership organization for community banks, credit unions and loan funds that invest in low-income, low-wealth, and other disinvested communities across America. OFN Members provide affordable, responsible credit that finances community businesses, sparks job growth in the areas that need it most, and delivers both sound financial returns and real changes for people and communities.

To learn more about OFN, visit: www.ofn.org

Women, People of Color, and LGBTQ candidates are encouraged to apply.

Position Summary:

The Credit Analyst supports senior Financial Services staff in financial statement analysis, borrower credit reviews, loan requests, and portfolio management duties. Such assistance will include gathering and compiling data, analyzing and preparing reports, composing written summaries, spreading financial statements, maintaining borrower and loan production files, communicating with borrowers, and preparing information for internal and external reviews. Responsibilities also include performing annual loan reviews and analytical support of loan underwritings.

Responsibilities:

  • Assist Financial Services team in loan underwritings, including various analyses, calculations, summaries and other tasks as required by the underwriter
  • Assist in analysis and preparation of annual loan portfolio review
  • With support from senior staff, perform annual credit reviews of borrowers
  • Spread borrowers’ financial statements into OFN statement template
  • Manage loan covenant compliance, including financial statement collection, and borrowing base compliance with loan agreement, performing quarterly covenant compliance checks, and following up with borrowers in the case of covenant violations
  • Communicate to Financial Services Team status of receipt of quarterly financial statements, quarterly compliance checks and reporting, portfolio reports, spreads and scheduling of annual reviews
  • Assist in drafting and updating written procedures for the credit administration and portfolio management functions
  • Analyze portfolio trends and identify portfolio vulnerabilities by interpreting data on payment trends, borrower financial ratios, pricing, economic influences, and other factors affecting the portfolio
  • Evaluate and compare relative quality of various loans and investments.
  • Preparation and presentation of oral or written reports on portfolio trends, general economic trends, and sector indicators (e.g., real estate, small business, etc.)
  • Oversee maintenance of accurate, complete and up-to-date files and records
  • Provide quality customer service at all points of contact with OFN borrowers and prospects as well as answer questions and advise customers regarding loans and transactions with OFN borrowers and prospects
  • Confer with CDFIs and other business representatives to exchange credit information as needed as well as conduct research for new program or project developments
  • Schedule Investment Committee meetings, compile/distribute investment committee packages and follow-up with committee members needs/requests for information as well as take meeting minutes
  • Schedule meetings and conference calls by coordinating and confirming attendance, arranging for the meeting place, equipment/advance materials, etc.

Requirements:

  • Bachelor’s Degree or 5-7 years of work experience in lieu of a degree 1-3 years of experience in financial statement analysis and credit underwriting in a commercial lending environment desirable
  • Experience preparing loan documents utilizing Laser Pro or standard templates as well as Salesforce or CRM system experience desirable
  • Experience or volunteer work in nonprofit or small office environment a plus
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance
  • Superior interpersonal skills and ability to work constructively with diverse constituents is required
  • Ability to analyze non-profit financial institutions’ financial statements and understand loan documentation required
  • Strong organizational skills and ability to manage multiple tasks under moderate supervision in and effective and efficient manner required
  • Ability to work independently or in team environment as required
  • Understanding of and commitment to opportunity finance required
  • Some travel required (10% of time)

Compensation:

TBD

EOE/V/D/AA Compliant

How to Apply:

<p>Interested parties should complete an application and submit their resume and letter of interest at: <a href="https://theapplicantmanager.com/jobs?pos=OF125" target="_blank">https://theapplicantmanager.com/jobs?pos=OF125</a></p>

<p><strong>Application deadline: July 31, 2017</strong></p>

<p>Or Mail:</p>

<p><strong>Search: Credit Analyst</strong><br />
Opportunity Finance Network<br />
620 Chestnut Street Suite 572<br />
Philadelphia, PA 19106</p>

Senior Credit Portfolio Manager Opportunity Finance Network
Philadelphia, PA
Job Function: Financial Services
Posted: June 14, 2017

Background:

Opportunity Finance Network (OFN) is the leading membership organization for community banks, credit unions and loan funds that invest in low-income, low-wealth, and other disinvested communities across America. OFN Members provide affordable, responsible credit that finances community businesses, sparks job growth in the areas that need it most, and delivers both sound financial returns and real changes for people and communities.

To learn more about OFN, visit: www.ofn.org

Women, People of Color, and LGBTQ candidates are encouraged to apply.

Position Summary:

The Senior Credit Portfolio Manager supports the Financial Services team in credit portfolio management activities that include borrower credit reviews, loan renewal requests, financial statement analysis, covenant compliance, data management, and report development. Such responsibilities will include gathering and compiling data, analyzing and preparing reports, composing written summaries and recommendations for modifications and loan renewals, spreading financial statements, maintaining borrower and loan production files, communicating with borrowers, and preparing information for internal and external reviews. Responsibilities also include performing annual loan reviews, performing loan renewals, analytical support of loan underwritings, and analytical support of OFN’s annual portfolio review.

Responsibilities:

  • Manage loan covenant compliance for Financing Fund and Bond Guarantee Program, including financial statement collection, and borrowing base compliance with loan agreement, perform quarterly covenant compliance checks, and follow up with borrowers as needed for corrections and clarification related to the reporting as well as in the event of covenant violations.
  • Perform annual reviews of borrowers.
  • Perform analysis on loan modifications and waivers and prepare related memos and documents.
  • Conduct loan renewals including various analyses, calculations, and prepare credit memos.
  • Assist Financial Services team in new loan underwritings, as needed. Spread borrowers’ financial statements into OFN statement template.
  • Assist in analysis and preparation of OFN’s annual portfolio review memo.
  • Prepare Investment Committee minutes, as required.
  • Oversee maintenance of accurate, complete and up-to-date borrower files and records.
  • Serve as team expert on The Exceptional Assistant (TEA) Loan Management System (LMS) software.
  • Provide customer service at all points of contact with OFN borrowers and prospects, answering questions and advising customers regarding loans and transactions with OFN.
  • Confer with CDFIs and other business representatives to exchange credit information as needed as well as conduct research for new program or project developments.
  • Schedule meetings and conference calls as necessary
  • Other tasks as assigned by supervisor.

Requirements:

  • Bachelor’s Degree or 5-7 years of work experience in lieu of degree.
  • 3-5 years of experience in financial statement analysis and credit underwriting in a commercial lending environment desirable.
  • Experience with Salesforce or CRM system experience and a loan management system preferred.
  • Experience in nonprofit or small office environment desirable.
  • Superior written and verbal communication skills required with emphasis on clarity, conciseness and relevance.
  • Superior interpersonal skills and ability to work constructively with diverse constituents is required.
  • Ability to understand financial statements in order to perform credit and financial underwriting is required
  • Ability to understand accounting and financial statement presentation
  • Ability to understand loan documentation and ability to uncover and ascertain prospective borrowers’ needs
  • Strong organizational skills and ability to manage multiple tasks under minimal supervision in and effective and efficient manner required.
  • Ability to work independently or in team environment as required.
  • Understanding of and commitment to opportunity finance required.
  • Advanced knowledge of MS Excel and file sharing programs.
  • Job involves normal physical requirements for an office position.
  • Some travel required (10% of time).

Compensation:

TBD

EOE/V/D/AA Compliant

How to Apply:

Interested parties should complete an application and submit their resume and letter of interest at: https://theapplicantmanager.com/jobs?pos=OF126

Application deadline: July 31, 2017

Or Mail:

Search: Senior Credit Portfolio Manager
Opportunity Finance Network
620 Chestnut Street Suite 572
Philadelphia, PA 19106

Business Lender Craft3
Walla Walla, WA
Job Function: Financial Services
Posted: June 28, 2017

Background:

Craft3 is a non-profit Community Development Financial Institution (CDFI) with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. We do this by providing loans and assistance to entrepreneurs, non-profits, individuals and others, including those who don’t normally have access to financing. We then complement these financial resources with our expertise, personal connections and other advocacy for our clients. Learn more at www.craft3.org and www.craft3.org/videos.

Position Summary:

The Business Lender position is responsible for generating and underwriting new mission based business loans and servicing a loan portfolio that meets Craft3’s mission, financial and risk goals. The primary focus of lending targets small and medium businesses (not micro) in the Pacific Northwest, specifically those owned by minority, woman, veteran, and immigrant entrepreneurs and those located in low to moderate income/redevelopment areas.

Responsibilities:

ESSENTIAL DUTIES AND RESPONSIBILITIES include some or all of the following and are not intended to be all-inclusive. Craft3 reserves the right to change, add or delete responsibilities and duties as seen fit.

An employee's specific job duties, priorities and performance expectations are detailed in his/her individual performance plan.  

  • Actively prospects for strategic business loan opportunities from multiple sources.  Works with Craft3 Marketing professional to coordinate strategy and support.
  • Meets prospective borrowers, collects information, evaluates loan requests, negotiates loan terms and conditions.  
  • Determines the level of complexity, mission and strategy fit, and prospect’s readiness to borrow. Underwrites loans in accordance with policy or works cooperatively with assigned Underwriter to prepare detailed risk analysis of borrowers' repayment ability including financial and industry analysis of the borrowers' businesses, presents and defends loan proposals to loan committee based on effective critical thinking.
  • Provides informal consulting to clients regarding business plans, projections and business practices. Knows and refers to effective Technical Assistance providers who will help prospects with basic pre-application work such as business plan review and feedback.
  • Monitors outstanding borrowers for conformance with loan conditions, progress in meeting business goals, and overall business performance.  Reports all emerging problem loans to management when weaknesses are detected.
  • Manages portfolio risk in accordance with industry and organization standards and directives of the Credit Risk Manager. 
  • Participates in loan collections and enforcement actions when necessary.  May specialize in a specific loan product or targeted market sectors. 
  • Participates fully with all members of the Craft3 team. Effectively uses technology tools to perform required duties.
  • Contributes to the body of knowledge, sharing best practices and suggesting process improvement ideas.

Brand Management

  • Support the organization's All Team Performance Standards: Ownership, Respect and Flexibility.
  • Demonstrate stewardship for the Craft3 Brand.

AUTHORITIES

Loan Approval

  • Limited approval authority to be determined. Full voting participation on Staff Loan Committee approvals, assigned to individuals in peer group, on a rotating basis.

Portfolio Management 

  • Interact with a portfolio of clients and outstanding loans.  This portfolio will include loan relationships initiated by the lender and also other relationships that are originated by other lenders.  
  • Insure required financial information is submitted timely by the borrower
  • Complete analysis of borrower data, and draws a conclusion if there is a change in the level of risk associated with the borrower. 

Business Development 

  • Develops and manages referral network maintaining Craft3 brand in the marketplace with quality mission fit transactions to meet lender goals.

POSITION SCOPE - Direct Reports -- None

POSITION SCOPE - Indirect Reports -- None

PEER POSITIONS -- Other lenders

POSITION SCOPE – Financial Impact - Position is essential to ensuring loan compliance and payment performance on the part of all Craft3 borrowers.

Requirements:

QUALIFICATIONS

  • A minimum of three years previous commercial banking, community development lending, financial, or similar experiences required. Previous successful business ownership highly desired.  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

TYPICAL PROBLEM SOLVING  

  • Applies common sense understanding to carry out detailed and complicated written or oral instructions. Deals with problems involving many variables in sometimes difficult and stressful situations. Examples include: resolving staff conflicts, dealing with sometimes irate and impatient individuals, and managing many simultaneous high priority projects and user requests.

MINIMUM EDUCATION REQUIREMENTS AND WORK REQUIREMENTS

  • Bachelor's degree or relevant experience required. Five years of significant coursework in accounting, finance or economics required.  

OTHER SKILLS AND ABILITIES

  • Fluency in a second language is desirable. Able to deal with frequent change, delays, or unexpected events; Attention to detail, ability to balance multiple work assignments; organized work habits; ability to work independently. Proficiency with major software programs: e.g. Contact Management Systems, MS Office Suite.

CERTIFICATES, LICENSES, REGISTRATIONS

  • None specified

WORK ENVIRONMENT

  • The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually low to moderate as found in typical office environments.

PHYSICAL DEMANDS

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee frequently is required to walk. The employee is occasionally required to stand and reach with hands and arms. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision. Some travel to company events and branch offices will be required.
  • A level of travel is to be expected with job responsibilities covering a geographic area that includes the States of Oregon and Washington.

Compensation:

Craft3 will offer a competitive salary based on experience and skills, as well as an excellent benefits package including medical, dental, vision, Life/AD&D, LTD/STD insurance, paid sick and vacation leave, volunteer time off, and 403B Retirement savings plan with employer match.

How to Apply:

Application deadline is June 23, 2017

To apply complete the application online at: www.Craft3.org/Careers/Jobs 

Or Copy URL:  https://workforcenow.adp.com/jobs/apply/posting.html?client=craft3&jobId=79806&lang=en_US&source=CC2 

Craft3 is an equal opportunity employer; women and minorities are encouraged to apply.

General Manager Boston Community Capital
Boston, MA
Job Function: Financial Services
Posted: June 27, 2017

Background:

Boston Community Capital (BCC), a national Community Development Financial Institution (CDFI), seeks a General Manager for its SUN (Stabilizing Urban Neighborhoods) Initiative, an innovative and nationally-acclaimed program that helps individuals and families who are facing foreclosure or eviction to remain in their homes with mortgages they can afford. SUN negotiates with the current lender to purchase the home at distressed values and resells the home back to the occupants providing an affordable, 30 year fixed-rate mortgage.

Position Summary:

Since 2009, SUN has provided over $100 million in mortgage financing to help over 700 families remain in their homes, reducing monthly mortgage expense and principal balances an average of 35%. SUN is currently operating in five states (Massachusetts, Maryland, Rhode Island, New Jersey and Illinois) with plans to expand to other high foreclosure rate states. The organization's headquarters are located in the Dudley Square neighborhood of Boston.

Responsibilities:

Reporting to the CEO, Elyse Cherry, the General Manager of SUN will provide leadership and direction to a dedicated team of 17 professionals responsible for lending, including origination and underwriting, closing, post-closing, servicing, and relationship management with banks, investors, and borrowers.

Requirements:

The preferred candidate is a practical visionary dedicated to BCC's mission. The General Manager must be a creative, strategic, and tactical thinker capable of growing the SUN Initiative. S/he will be able to craft and communicate a vision of the program's possibilities and promise that will inspire staff and stakeholders to support that vision.

Compensation:

TBD

How to Apply:

Acceptance of inquiries, nominations, and applications will begin immediately and continue until the completion of the search process.

Applicants are encouraged to transmit a detailed letter of interest and resume to www.imsearch.com/6279

Daniel Rodas, Vice President Donna Cramer, Managing Associate Isaacson, Miller

Boston Community Capital is an Equal Opportunity provider

Apply Here: http://www.Click2Apply.net/3z72rwc5fjbdxf8n

PI98420330

: Marketing, Training and Business Development Specialist Community Fund of North Miami Dade
Opa-Locka , Miami , FL
Job Function: Business Development
Posted: June 27, 2017

Background:

The Community Fund of North Miami Dade, Inc. (CFNMD), a Community Development Financial Institution (CDFI) certified through the U.S. Department of Treasury since 2003 that serves as an affiliate of Opa-Locka Community Development Corporation (OLCDC.org).   

Since its inception, CFNMD has utilized resources derived from the public and private sectors to assist directly and indirectly distressed and low wealth communities. This has been accomplished through a program of lending and investing in small businesses, real estate development projects and other commercial enterprises which are undertaken for the revitalization of neighborhoods and communities. The CFNMD will be engaged in the provision of technical assistance and lending to businesses with limited credit and/or collateral required to obtain traditional financing.

Position Summary:

The Marketing, Training and Business Development Specialist is the point of contact for prospective CFNMD business borrowers. Primary responsibilities include generating client leads, connecting clients to business assistance resources that support their success, coordinating technical assistance and training services with partner organizations, assisting clients with their loan applications and providing outstanding customer service to business borrowers and prospective business borrowers.

 

Responsibilities:

  • Conduct one-on-one meetings with referral sources and centers of influence to build awareness in the market of our lending and technical assistance programs for African American, Latino and other ethnic minority business owners.
  • Present information about CFNMD products and services at community information meetings to promote our lending and technical assistance programs.
  • Meetings may include but not be limited to meetings with church congregations, business associations and business leaders.
  • Identify small business owners who need financing and assist business owners with initial processing of loan applications and ensure loan applications are  processed in a timely manner.
  • Develop a technical assistance plan and provide guidance on implementation of the plan as needed for loan applicants and borrowers.
  • Develop and execute a marketing and sales plan that focuses on CFNMD’s target customers.
  • Coordinate with the marketing and social media staff to develop a strong digital marketing presence and other marketing collateral needs
  • Identify, initiate and manage strategic community partnerships that increase quality referrals.
  • Coordinate with partner organizations to provide training and technical assistance to borrowers and prospective borrowers
  • Ensure compliance with all applicable rules and regulations
  • Explore new income opportunities and develop lasting community partnerships
  • Assist the Fund Manager in furthering the work of the Board of Directors and committees  
  • Stay updated on new product design and industry best practices
  • Develop and update a database of existing and potential borrowers 
  • Explore opportunities for new initiatives

 

Requirements:

  • Bachelor’s degree in related field required; preferred knowledge of small business 
  • Bilingual - English and Spanish; Good presentation and math skills;  
  • Minimum of 3 years; prior business experience/sales skills preferred  
  • Preference given to prior experience in small business lending, nonprofit and/or government community development lending and/or finance experience a plus
  • Ability to set and meet deadlines and coordinate several projects simultaneously.
  • Demonstrated knowledge of project management tasks and implementation.
  • Manage time strategically improving efficiencies. 
  • Must be able to work independently and as part of a team.
  • Flexibility and a “can-do” attitude are musts. 
  • Willingness to learn and take on new challenges.
  • Willingness to work nights and weekends, when needed.
  • Excellent written and verbal communication skills

Compensation:

Commensurate with work experience

How to Apply:

To apply send cover letter and resume to grizelubarry@gmail.com

Fund Manager Community Fund of North Miami Dade
Opa-Locka , Miami , FL
Job Function: Financial Services
Posted: June 27, 2017

Background:

The Community Fund of North Miami Dade, Inc. (CFNMD), a Community Development Financial Institution (CDFI) certified through the U.S. Department of Treasury since 2003 that serves as an affiliate of Opa-Locka Community Development Corporation (OLCDC).   

Since its inception, CFNMD has utilized resources derived from the public and private sectors to assist directly and indirectly distressed and low wealth communities. This has been accomplished through a program of lending and investing in small businesses, real estate development projects and other commercial enterprises which are undertaken for the revitalization of neighborhoods and communities. The CFNMD will be engaged in the provision of technical assistance and lending to businesses with limited credit and/or collateral required to obtain traditional financing.

Position Summary:

The Fund Manager is responsible for overall management of the Loan Fund. The Fund Manager aligns lending operations to meet the strategic goals of the organization and is responsible for meeting goals related to loan growth, earned revenue, mission fulfillment, and portfolio management.

Responsibilities:

  • Maintain a strong relationship with current and potential investors
  • Conduct group presentations and one-on-one meetings and develop other marketing techniques to increase the amount of investments into the fund
  • Work with financial institutions and interested donors on creative approaches to grow the fund
  • Maintain a high percentage of investor renewals
  • Apply for grants (capital and operating) at private and public foundations, corporations, and government
  • Supervise and train loan fund staff, interns, and volunteers
  • Maintain updated loan policies and procedures
  • Market the fund to investors
  • Help initiate loan applications and coordinate process with CRF
  • Negotiate loan structure
  • Prepare analyses and reports on the loan portfolio performance, in collaboration with CRF
  • Participate in the preparation and administration of operational budgets
  • Ensure compliance with all applicable rules and regulations
  • Explore new income opportunities and develop lasting community partnerships
  • Facilitate the work of the Board of Directors and committees 
  • Work closely with OLCDC management team on the financing of real estate projects
  • Stay updated on new product design and industry best practices
  • Explore opportunities for new initiatives

 

Requirements:

  • Bachelor’s degree in related field required; Master’s in business and/or community development preferred
  • Minimum of 3 years program management and supervisory experience
  • Experience in small business lending operations demonstrated experience with residential and commercial lending; nonprofit and/or government community development lending and/or finance experience a plus
  • Ability to set and meet deadlines and manage several projects simultaneously.
  • Demonstrated knowledge of project management tasks and implementation.
  • Manage time strategically improving efficiencies. 
  • Must be able to work independently and as part of a team.
  • Flexibility and a “can-do” attitude are musts. 
  • Willingness to learn and take on new challenges.
  • Able to supervise staff and build a strong team.

Compensation:

Commensurate  with work experience 

How to Apply:

To apply send cover letter and resume to grizelubarry@gmail.com

 

Community Development Credit Analyst Wells Fargo
San Francisco, Minneapolis or Philadephia, CA
Job Function: Credit
Posted: June 24, 2017

Background:

Wells Fargo Community Lending and Investment (CLI) is an industry leader in offering debt and equity capital to organizations that promote economic development, job creation, and affordable housing in communities of need nationwide.

Position Summary:

CLI plays a key role in providing much needed lending capital to Community Development Financial Institutions (CDFIs).  CDFIs are primarily non-profit organizations that finance community businesses in low-income communities—including small businesses, microenterprises, non-profit organizations, commercial real estate, and affordable housing.  Through their lending, CDFIs spark job growth and community revitalization in hard-to serve markets across the nation. 

As a Credit Analyst with CLI, you would support the team to underwrite and manage our national portfolio of CDFI borrowers.  In this position, you will work closely with our senior relationship managers in reviewing and analyzing CDFI’s financial statements and conducting due diligence on loan portfolio performance, loan policies, management team, etc.   You will also have portfolio management duties to monitor and manage the credit portfolio.  This job represents a unique opportunity to combine background and skills in banking and finance with an interest in and commitment to nonprofits and community development.

Responsibilities:

  • Analyze borrower’s financial performance and capital structure by evaluating and spreading financial statements and projections.
  • Assess quality of loan receivables portfolio, loan policies and procedures, loan products, etc. 
  • Conduct annual credit reviews and compliance certification. 
  • Assist in early identification, classification and management of impaired credits (including the preparation of downgrade memos).
  • Assist relationship managers with the underwriting and approval of new deals. 
  • Perform portfolio management duties such as maintaining customer database and files, monitoring upcoming maturities, tracking unit’s work flow, preparing portfolio reports for senior management, and conducting research/analysis related to portfolio and industry trends.

 

Requirements:

Minimum

  • Bachelor’s degree in accounting, finance, or related field
  • 3+ years of commercial credit analysis experience
  • Demonstrated competence in commercial lending terminology and financial statement analysis.
  • Excellent organizational skills and attention to detail
  • Ability to work on multiple transactions simultaneously and prioritize assignments to meet deadlines
  • Strong analytical and problem solving ability with high attention to detail and accuracy
  • Strong communication and interpersonal skills
  • Excellent team player
  • Proficient in Microsoft Office including Excel, Word, Outlook

Desired

  • Demonstrated commercial underwriting experience, including performing due diligence, analyzing financial statements, identifying risks & mitigants 
  • Knowledge of non-profit accounting
  • Knowledge of Community Development Financial Institutions
  • Demonstrated background or interest in community development activities such as affordable housing, microfinance, social services, etc.
  • Knowledge of CRA regulations
  • Demonstrated portfolio management experience
  • Experience with database development and maintenance (Salesforce)
  • Intermediate Microsoft Office skills (Word, Excel, Outlook) 

Compensation:

See website

How to Apply:

To view a detailed job description and to apply, please visit wellsfargowel.com/careers and search Job Opening ID #5339061

Asset Manager Chicago Community Loan Fund
Chicago, IL
Job Function: Lending/Loan Operations
Posted: June 14, 2017

Background:

Mission

The mission of the Chicago Community Loan Fund is to provide flexible, affordable and responsible financing and technical assistance for community stabilization and development efforts and initiatives that benefit low- to moderate-income neighborhoods, families and individuals throughout metropolitan Chicago.

CCLF was founded in 1991 by a group of visionary social-investment advocates. Their aim was to create a nimble, flexible nonprofit lender who would fill the community development credit gaps as they emerged across the city and region. In particular, CCLF was created to ensure that Chicagoland community developers (including small and emerging groups) would have a lender to turn to for harder-to-underwrite projects and enterprises.

How it Works

Individual and institutional investors concerned about the social dividend of their investments place funds in CCLF at or below market-rate, creating a pool of loan capital dedicated to improving the lives of people in disinvested communities. CCLF, in turn, re-lends this capital at a rate close to or at prime to finance community organizations’ development projects.

Investment Management

CCLF manages our investors’ capital according to stringent guidelines established by the Opportunity Finance Network, the leading network of community development financial institutions. Security is provided by the pooled risk that a fund provides, loan loss reserves, permanent equity and subordinated debt investments.

CCLF is a federally certified community development financial institution (CDFI) and is rated by AERIS™, the CDFI Assessment and Rating System, a comprehensive, third-party analysis that provides guidance to investors and donors.

Position Summary:

The Asset Manager position is required to maintain effective working relationships with CCLF team members; borrowers and their partners; consultants and vendors; financial institutions; state and federal agencies; CCLF Board of Directors; investors and funders and industry peers.  This position reports to the Vice President of Portfolio Management.

    
Major Challenges/Performance Measures

  • The major challenge of this position is to provide prompt, accurate and superb customer service to a portfolio of highly diverse borrowers and projects; while insuring a high level of quality and performance from the loan portfolio. 
  • Performance measures include:
    • maintaining a depth of knowledge of each loan/borrower;
    • proactive and timely problem solving;
    • outstanding customer service;
    • aggressive management of delinquencies;
    • prompt management of non-performing and at-risk borrowers;
    • timely and accurate reporting across the organization;
    • and maintaining current, accurate,
    • and organized loan management system and credit files.

 

Responsibilities:

The Asset Manager works under the supervision of the Vice President of Portfolio Management to monitor loan portfolio performance, collateral review and evaluation, loan servicing, special asset management, and reporting.  The position supports the work of the VP of Portfolio Management.  The position involves direct contact with our borrowers and clients.

  • Underwrite modification, workout and restructure proposals in consultation with staff and borrowers, and present credit proposals to board committees
  • Initiate appropriate follow up and monitoring actions for non-performing and at-risk borrowers, including technical assistance needs
  • Conduct borrower reviews. Perform analysis of the financial, management and development capacity of borrowers
  • Conduct and document physical inspections of project sites and collateral real estate
  • Provide periodic valuation and analysis of the collateral securing the portfolio
  • Assist with social impact reporting and technology needed to provide quality reports
  • Review and approve construction draw budgets and disbursements including closing draw disbursements 
  • Assist with receivable collections, assist with invoicing and other servicing activities
  • Assist with routine compliance monitoring for existing portfolio, including financial statements, project reports, take-out financing status, legal and general borrower status
  • Assist with all aspects of the loan payoff process including receipt of payment, release of security documents, notifications and refunds to borrowers, credit file documentation and transfer, and all internal processing tasks
  • Prepare portfolio reports
  • Complete other assignments as required

Requirements:

The Asset Manager will possess the following:

  • 3-5 years previous asset or portfolio management experience with a financial institution
  • Previous financial and project analysis experience
  • Previous work experience in community development, real estate lending or asset management
  • Working knowledge of the community, economic, and affordable housing development industry
  • Ability to perform financial and project analyses
  • Strong mathematical skills
  • Strong oral and written communication skills
  • A keen attention to details  
  • Ability to work successfully with a diverse range of community-based groups
  • A proficiency with Microsoft Access database software
  • Ability to organize and handle multiple priorities simultaneously
  • Demonstrated project management and problem-solving abilities 
  • Ability to work effectively in a team work environment 
  • Working knowledge of the Metro Chicago area

Minimum educational requirement:

  • Bachelor’s degree in business, real estate, economics, urban planning or a related field. 

Compensation:

Commensurate with experience

How to Apply:

Send cover letter and resume to jobs@cclfchicago.org. No phone calls please.

Development & Communications Manager Boston Community Capital, Inc.
Boston, MA
Job Function: Business Development
Posted: June 12, 2017

Background:

Boston Community Capital (BCC) has invested over $1 billion dollars in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, and is a fully self-sustaining, private nonprofit organization. To date, BCC has financed over 20,000 affordable homes, over 2 million square feet of inner-city commercial real estate, child care facilities, schools and youth programs serving nearly 30,000 children, businesses creating over 4,000 jobs, solar panels generating over 26 million kilowatt hours of solar electricity (the equivalent of cutting car travel by over 38 million miles), and $130 million in residential mortgages to stabilize over 800 families and individuals facing foreclosure.

BCC’s groundbreaking work has been featured in The New York Times, The Boston Globe, The Chronicle of Philanthropy, The Nation, US News and World Report, The Huffington Post, The Los Angeles Times, The Economist, and The Christian Science Monitor, and on NPR’s All Things Considered, PBS NewsHour, CBS Evening News, MSNBC’s All In with Chris Hayes, and Fox News.

Although BCC operates nationally, the organization’s headquarters is located in the Dudley Square neighborhood of Boston. To learn more about BCC, visit www.bostoncommunitycapital.org.

Position Summary:

Boston Community Capital (BCC) seeks a highly motivated, flexible, and organized Development & Communications Manager to play a key role in a nationally-recognized, innovative and growing nonprofit organization. The Development & Communications Manager, a skilled communicator with drive, creativity and a commitment to excellence, will work closely with senior management and staff across the organization to advance BCC’s strategic communications work and capitalization efforts, building and strengthening relationships with new and existing partners who share our commitment to building healthy communities where low-income people live and work.  Together with the Development & Communications team, s/he will coordinate media and public relations, social media, online outreach and public policy work.  S/he will work in a dynamic, progressive team environment, leveraging internal and external resources to promote the creative use of capital market tools to create wealth, opportunity and lasting change in underserved communities.

Responsibilities:

The Development & Communications Manager works closely with senior leadership to develop and implement communications strategies to advance BCC’s mission and impact. S/he helps manage relationships with new and existing investors and donors, coordinating investor/donor on-boarding and documentation, including management of Salesforce database and investor resource center, loan renewals, interest payments, donation acknowledgement and investor reporting; organizing meetings and events to introduce potential clients, partners, donors and investors to our work; and providing administrative support as needed to support the organization’s overall external relations goals. S/he coordinates ongoing communications activities and the production of marketing materials that promote and enhance our work, including but not limited to annual reports and other print publications; website, social media and other online communications; and customer and partner outreach for the SUN Initiative and other business units. S/he serves as a key link between the CEO, senior management, staff and our diverse external constituent base, including investors, donors, borrowers, board members, policy makers, peer organizations and community partners.

Specific Responsibilities

  • Build and manage new and existing investor and donor relationships (25%), including prospective investor education, management of advisor relationships, loan documentation, reporting, renewals and repayments. Oversee and maintain Salesforce database and Investor Resource Center, ensuring investor and donor information is accurate and up-to-date; facilitate timely and accurate communication of information between external supporters and finance, compliance and BCC’s business units. Assist in the preparation of grant and loan applications, including federal, foundation, financial institution and individual sources of capital.
  • Develop, produce and maintain marketing materials (25%), including but not limited to website, annual report, e-newsletters, social media, program-specific collateral materials and presentations. Provide project management to support development and production process, coordinating senior management, staff, external consultants and outside vendors. Produce, edit, distribute and maintain content; respond to partner requests for borrower stories, photos, logos, bios, etc.
  • Support media outreach, new business development and policy advocacy activities (15%), building a database of borrower story banks, data and materials to support outreach efforts.  Track outreach activities and results, maintaining Salesforce database of contacts, articles, stories and results (web traffic reports, new referrals, etc.). Distribute to staff, board and external constituencies as appropriate.
  • Coordinate and support meetings and events that showcase BCC’s programs, partners, impact and accomplishments (10%), including site visits, speaking engagements and outreach events. Ensure that management and staff have the tools they need to communicate effectively, respond to external requests, and oversee logistical support to ensure events run smoothly.
  • Provide administrative support that bolsters relationships with external constituencies (10%), including prospective and existing clients, borrowers, investors and donors, maintaining BCC’s commitment to high-quality, client-focused business practices.
  • Support BCC’s Board of Directors (5%), coordinating quarterly Board Meetings and overseeing production of Board reporting package.
  • General Support (10%), including active participation in internal and external meetings, including Loan Fund and SUN staff meetings and external meetings; representing BCC on working groups and in public meetings as appropriate, and other duties as assignment.

Requirements:

Bachelor’s degree and 2-5 years’ experience in communications, business development, fundraising, investor/donor relations, marketing, or related field. The ability to take information, transform it into exciting, accurate and useful messages that resonate with our core audiences, and to disseminate this information to those audiences via the right channels is critical. Experience with MS Office (Word, Excel, Outlook, PowerPoint) required; experience with Salesforce and related tools preferred; experience with InDesign, Publisher, Illustrator and Photoshop a plus.

The successful candidate will bring many if not all of the following qualifications and attributes: 

  • Excellent writing, editing and verbal communications skills remarkable for their clarity, accuracy and persuasiveness
  • A clear and creative thinker with exceptional judgment, strong organizational and project management skills, a strong customer focus and a commitment to results
  • Ability to recognize and maximize opportunity on behalf of the organization
  • Flexibility and a demonstrated ability to flourish in a nimble and entrepreneurial environment
  • Demonstrated commitment to social, economic and political justice, consistent with the mission and goals of Boston Community Capital
  • Goal-oriented, project-oriented, and achievement-oriented

 

Compensation:

Salary is competitive and commensurate with experience within the guidelines of Boston Community Capital’s scale. The position comes with excellent benefits including medical, dental, life and long-term disability insurance, as well as generous vacation and employer contributions to a retirement account.

How to Apply:

The position is open until filled. Please apply at: https://bostoncommunitycapital.recruiterbox.com/jobs/fk0m47f. Include cover letter and resume to the attention of Andrew Koh, Director of Operations.

No calls please. Due to the high volume of applications, Boston Community Capital cannot return phone calls about the position and, regrettably, cannot notify applicants of the status of applications unless an interview is requested.

Boston Community Capital is an equal opportunity employer. Boston Community Capital is committed to a policy of equal employment opportunity for all employees or applicants for employment without regard to race, color, religion, gender, age, national origin, ancestry, sexual orientation, physical or mental disability, genetic information, veteran status or other protected status in accordance with applicable federal, state and local laws.

Customer Relationship Manager The Enterprise Center Capital Corporation
Philadelphia, PA
Job Function: Lending/Loan Operations
Posted: June 9, 2017

Background:

The Enterprise Center Capital Corporation (TEC-CC) helps finance small businesses that have difficulty obtaining loans for start-up capital and business growth, whether that is due to poor credit history or a lack of collateral. With a focus on women- and minority-owned businesses, TEC-CC originates loans between $2,500 and $200,000 to entrepreneurs through its status as a CDFI (Community Development Financial Institution) and a U.S. Small Business Administration Microloan Intermediary.

TEC-CC is an affiliate of The Enterprise Center. Founded in 1989 by The Wharton Small Business Development Center, The Enterprise Center's (TEC) mission is to better position minority enterprises to compete in the local, regional and global economies. TEC operates a portfolio of diverse programs that include incubation and acceleration of small businesses from start-up to mature, and provide business development, financial and lending services, business technical assistance, procurements and contract opportunities.

Position Summary:

This position requires a customer-service oriented individual who is comfortable with data entry, and thrives in multi-cultural settings. Demonstrated experience working with a diverse range of clients and colleagues is a must, as is comfort with a deadline-driven environment.

The position provides technical assistance and training to potential and existing micro-enterprises in Philadelphia, Delaware and Montgomery Counties.

Responsibilities:

  • Monitor borrowers, their businesses and repayment patterns to identify troubled loans
  • Provide prospective borrowers with technical assistance on preparing loan applications
  • Assist loan officers in loan closing, loan servicing, compliance and reporting
  • Assist with grant and funding requests and reporting to funders
  • Assess market needs and conduct research towards designing new or improved loan products
  • Communicates with existing borrowers about upcoming training programs, additional loan inquiries, and periodic reporting requirements
  • Process loan payments via ACH and manages TEC-CC’s bank accounts
  • Participate in annual and strategic planning processes
  • Prepare informational materials on loan products

Requirements:

  • Ability to manage multiple deadlines in fast-paced environment
  • Ability to navigate complex interpersonal interactions
  • Proficient in Microsoft Excel, Microsoft Word, and Microsoft Outlook
  • Superior writing, verbal and interpersonal skills
  • Experience working (or volunteering) with diverse and underserved populations
  • Ability to quickly learn departmental software systems
  • Experience mentoring or consulting, particularly with small businesses or entrepreneurs
  • Experience with small business management or knowledge thereof
  • Bachelor’s degree required
  • At least 1-2 years of experience in client-facing and/or customer service roles

 

Compensation:

Negotiable based on experience.

How to Apply:

Please email a cover letter and resume with salary requirements to smcinneshin@theenterprisecenter.com . Please put “Customer Relationship Manager” in the subject heading. No phone calls, please.

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