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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.

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Pay For Success Program Director Local Initiatives Support Corporation
New York, NY
Job Function: Other
Posted: February 16, 2017

Background:

LISC is a national nonprofit intermediary that provides financial and technical assistance to community-based organizations, public agencies and private nonprofit and for-profit entities focused on the redevelopment of urban neighborhoods and rural communities. LISC works through 31 local offices in urban sites and a national rural program which operates in 43 states. LISC assists its local partners with the development of affordable multi-family and senior and other supportive rental housing, for-sale housing and homeownership initiatives, commercial and retail developments, community facilities and various community-building programs such as employment, child care, health care and open space. Please see www.lisc.org for additional information about LISC and its national and local programs.

Position Summary:

LISC was awarded a $1.33 million federal grant from the Corporation for National Community Service (CNCS) to administer the Social Innovation Fund (SIF) Pay for Success program (PFS). Through an open competition, LISC has selected three projects for transaction structuring services, helping bring the projects from development/feasibility to PFS contract execution and program launch. The Program Director will be a grant-funded position that is anticipated to last between eighteen months and twenty-four months.

The Program Director will report to the Director of Business Development, National Lending (DBD). S/he will provide overall direction, under the DBD’s guidance, to the LISC PFS Project team, including a PFS Program Manager and PFS Program Associate, to ensure that selected projects receive appropriate transaction structuring assistance to move them towards contract execution and project launch in a timely manner and within budget. The Program Director will also support the DBD in building relationships with stakeholders in the PFS field including investors, funders and Technical Assistance providers and represent the SIF PFS program externally, as appropriate. S/he will also work with the DBD to oversee compliance, reporting and knowledge sharing deliverables required under the program.  
The position will require travel for a select number of compliance site visits to selected projects across the country, trainings and conferences

 

Responsibilities:

  • Oversee and work collaboratively with the PFS Project team to deliver transaction structuring services to selected projects;
  • Work with the DBD to guide the PFS Project team on individual projects by providing strategic direction and guidance and facilitating negotiation and decision making on key terms related to the projects; 
  • Lead investor development efforts, including pitching projects to new investors and soliciting and closing on capital for PFS projects structured by LISC;
  • Work with the PFS Project team on knowledge sharing efforts, including leading webinars on PFS topics and contributing to content for white papers and blog posts that share lessons learned and observations from LISC’s work in PFS;
  • Coordinate with the PFS Project team to support SIF’s evaluation efforts, data capture and grant reporting; 
  • Work closely with LISC’s finance, program, development and communications staff to deliver on all aspects of the program;=
  • If applicable, lead the selection process of a second cohort of PFS projects that will receive transaction structuring assistance from LISC supported with SIF grant dollars; 
  • Stay informed of new developments in the PFS field, build relationships with key players and represent LISC and the SIF PFS program externally; 
  • As applicable, lead LISC efforts to respond to RFPs or RFIs that align with LISC’s strategy; and 
  • Perform other duties as required.

 

Requirements:

The successful candidate will possess the following:

  • A Master's degree with a focus in Business/Public Administration or in a related field.
  • Minimum of 7 years of relevant experience.
  • Transaction structuring experience working with multiple stakeholders and funders. 
  • Program and project management experience.
  • Strong interpersonal skills and with an ability to be flexible, patient and poised in dealing with a diverse range of individuals and organizations. 
  • Exceptional written and verbal communication skills. 
  • Self-directed with the ability to work independently as well as collaborate within a close-knit group.
  • Entrepreneurial spirit necessary to oversee a complex and innovative program.
  • Strong organizational skills with keen attention to detail. 
  • Self-motivated and results-oriented with drive and initiative. 
  • Ability to handle confidential information and/or issues where using discretion and judgment will be crucial. 
  • Strong computer skills, including demonstrated competency in Microsoft Word, Excel, PowerPoint and other customized systems. 
  • Ability to travel. 
  • Demonstrated interest in social impact investing and community development.
  • Have a working knowledge of the executed government and any match-funding grants/capital as well as specific compliance requirements for the grant and compliance procedures at LISC Strong knowledge or experience with the PFS, impact investing or social finance arena in the United States.

 

Compensation:

Salary and benefits are competitive and commensurate with experience

How to Apply:

LISC offers a competitive salary and excellent benefits.  For consideration, please forward a resumé and a cover letter addressing how you meet the minimum qualifications to:

Malini Nayar
LISC
501 Seventh Avenue, 7th Floor
New York, NY 10018
Email: mnayar@lisc.org

 

Development Loan Officer The Housing Fund
Nashville, TN
Job Function: Lending/Loan Operations
Posted: February 15, 2017

Background:

THF has a 20-year track record of financing affordable housing and neighborhood revitalization projects throughout Tennessee. THF fulfills its mission by providing lending to low and moderate income individuals for home ownership, and to for-profit and not-for-profit developers working to meet the housing and community development needs of low and moderate income individuals and their communities. THF is a not-for-profit Community Development Financial Institution (CDFI) located in Nashville. More information on THF may be found at www.thehousingfund.org.

The Organization

THF is a not-for-profit Community Development Financial Institution (CDFI) located in Nashville, TN that was created in 1996 as a part of a community wide visioning effort, Nashville’s Agenda, that included affordable housing as one of its “21 goals for the 21st Century.” THF’s mission has evolved over the years. Its original focus was exclusively on providing low to moderate income homebuyers with down payment assistance loans. Its current work includes helping homeowners attain their first home, financing residential developments that provide affordable housing opportunities, lending for non-residential projects that benefit low to moderate income communities and loans for artists’ living and work space. Some of THF’s greatest areas of community impact to date include:

  • Loaned more than $25 million to over 4,000 first-time homebuyers for down payment assistance;
  • Loaned over $51 million to non-profit and for-profit developers for the construction and development of over 1,500 units;
  • Leveraged in excess of $456 million in private financing for the activities above; and
  • Responded to immediate community needs and opportunities, such as leading Nashville’s flood recovery efforts for homeowners impacted by a 500-year event in 2010, and writing and coordinating the Nashville consortium application for a $30 million Neighborhood Stabilization Program 2 (NSP2) Grant.

Position Summary:

The Development Loan Officer carries the full range of responsibilities typically associated with such a position. Reporting to the President/CEO, the Development Loan Officer’s responsibility is to help develop and originate The Housing Fund’s lending activities in such a way that makes effective use of the agency’s resources and creates a positive impact on the housing and community development needs of low and moderate income persons and neighborhoods.

 

Responsibilities:

  1. Essential Functions
    • Working under the direction of the President/CEO, and in partnership with the other members of the Housing Fund staff, the Lending Officer is the primary loan originator for the Housing Fund’s loan programs. Specific responsibilities include: 
      • Leading efforts to originate, structure and close loans, both residential and community development;
      • Actively markets THF loan products to a diverse array of potential borrowers, the community, and key organizations and agencies;
      • Underwriting and analyzing loan applications in accordance with established policies;
      • Presenting loans to the Board of Directors and its committees for approval;
      • Working with closing attorneys and preparing required documents for closing;
      • Coordinating disbursement and draw process as required;
      • Working with portfolio management team to ensure that loans are booked appropriately and balanced monthly;
      • Monitoring loans for compliance and accuracy of documents;
      • Monitoring loan performance and working with borrowers to make corrective actions as required;
      • Making recommendations for policies that affect loan portfolio performance and portfolio risk 
      • Relying on judgment to plan and accomplish goals using a certain degree of creativity and latitude;
      • Working with the executive leadership team and the Board of Directors on program development and policy;
      • Preparation of periodic reports as required; 
      • Participating in internal audits and analysis of lending activities; 
      • Maintaining records necessary for external audits and monitoring.
  2. Software used
    • THF uses the Microsoft suite of programs and Loan Servicer 3D (or similar software).  Advanced proficiency is required in Microsoft Excel and desired in Microsoft Word.

Requirements:

Education and Experience required:

  • A college degree with four or more years of increasing responsibility working in the field of real estate lending or closely related fields, with credit analysis experience;
  • Direct experience in loan origination, marketing and business development;
  • Extensive knowledge of lending practices, regulations and guidelines.

Knowledge, Skills and Abilities required:

  • Ability to translate and adapt past experience to current community development and affordable housing lending;
  • Desire to provide internal and external leadership in the field of community development lending and interest in developing a personal alignment with the mission, goals and programs of THF;
  • Understanding of federal community development programs and Community Development Financial Institutions is desirable;
  • Strong management skills and organized approach to work;
  • Strong analytic and math skills as applied to lending;
  • Problem solving is an important aspect of the work, including innovative approaches where appropriate;
  • Ability to perform job functions with limited supervision;
  • Ability to manage multiple projects and priorities simultaneously and maintain momentum in each;
  • Good oral and written communication skills;
  • Customer service orientation with ability to use tact and courtesy when dealing with others.

Compensation:

Salary is competitive and commensurate with qualifications and experience

How to Apply:

To apply, email cover letter, vitae/resume, and salary requirements to: careers@thehousingfund.org  Email applications are required. No phone inquiries please.

Communications will be treated with confidence, and resumes will be accepted until the position is filled. However, the active application period is now through March 31, 2017 or until the position is filled. Resume reviews begin immediately.

THF is an equal opportunity employer

Program-Related Investments (PRI) Senior Analyst The California Endowment
Los Angeles, CA
Job Function: Lending/Loan Operations
Posted: February 15, 2017

Background:

The California Endowment, a private, statewide health foundation, was established in 1996 to expand access to affordable, quality health care for underserved individuals and communities, and to promote fundamental improvements in the health status of all Californians. Headquartered in downtown Los Angeles, The Endowment has regional offices in Sacramento, Oakland, Fresno and San Diego, with program staff working throughout the state. The Endowment challenges the conventional wisdom that medical settings and individual choices are solely responsible for people's health. The Endowment believes that health happens in neighborhoods, schools, and with prevention. For more information, visit The Endowment’s Web site at www.calendow.org.

Position Summary:

The California Endowment has a $100MM commitment to use Program-Related Investments as its primary impact investing tool to support its mission of “health and justice for all.”  The PRI Analyst position has substantial responsibility on a small and entrepreneurial team that leads this impact investing activity at The California Endowment (TCE).   

At TCE, we use our PRI capital to fill financing gaps, address market failures and promote innovative ideas that affect the health and wellbeing of vulnerable populations and low-to-moderate-income communities in California.  Sample PRIs include a portfolio of loans supporting community health centers, increasing access to healthcare for all populations, and loans providing economic opportunity for small business owners and low-income populations.  

This is an exciting and ideal position for an individual that wants to build an impact investing career.  This position reports to the Director, Program-Related Investments.

Responsibilities:

  • Responsible for portfolio management and monitoring of PRIs (e.g., borrower relationship management, covenant compliance, waivers, etc.)
  • Performing due diligence, structuring and closing of PRIs
  • Business development through internal partnerships and external outreach
  • Representing TCE and the PRI team in the broader impact investing field 
  • Partnering with finance and operations staff on loan management and other operational functions 
  • Preparing board materials including financial and social performance reporting and exposure analysis

 

Requirements:

Qualifications:

  • Experienced in underwriting financial transactions, including analyzing financial statements, understanding of accounting principles and evaluating organizational and management strength
  • Familiarity with capital markets and/or impact investing and community development
  • Ability to collaborate effectively across diverse departments and organizations to drive business results
  • Above average written and oral communication skills; effective in formal and informal presentation settings 
  • Results and detail oriented; demonstrated ability to establish and achieve goals with rigor
  • Strong business acumen in working with diverse constituencies 
  • Ability to travel and work independently as a team partner  

Minimum Education:

  • Undergraduate Business degree or related degree. 
  • Four to five years of experience in investments or related field.  
  • MBA a plus.

Compensation:

TBD

How to Apply:

Please log on to our online application system at: http://cyberrecruiter.calendow.org/cyberrecruitercareers

Senior Accountant and Compliance Officer–P3 Portfolio National Development Council
New York, NY
Job Function: Accounting
Posted: February 15, 2017

Background:

The National Development Council (NDC) is one of the oldest national economic development non-profits in the country, headquartered in NYC, whose mission is to increase the availability of affordable housing and quality jobs through developing and implementing economic and community development strategies that increase the flow of capital to urban and rural communities. 

NDC undertakes our work through providing Technical Assistance, training and capacity building, and financing and development. In all areas, we bring resources to the implementation side of development projects through either technical advice or direct capital in the form of SBA loans, low income housing tax-credits (LIHTC), and new markets tax credits (NMTC).

In 1988, NDC expanded its mission through the creation of NDC Housing & Economic Development Corporation (HEDC). This model has allowed NDC, through HEDC, to lessen the burdens of government and promote economic development by designing, building, financing, operating, and maintaining buildings for government and not for profit Sponsors.  Since its inception, HEDC has developed 43 projects with total project costs exceeding $2.5 billion. Project types range from University Laboratories, Student Housing, Government use office buildings, Parking facilities and a Community Theater. The HEDC active portfolio consists of 20 projects. The majority of the projects are located in the Pacific Northwest and Northeast.

Position Summary:

This newly created position will be responsible for managing the reporting and compliance requirements of a wide-ranging P3 portfolio. This individual will work closely with the P3 asset management team and property managers to ensure the accounting and finance operations are working efficiently. The position will require occasional visits to the communities in which the projects are located. NDC’s expectation is that the candidate will work from NDC’s NYC office. The position will report directly to the Chief Financial Officer.

Responsibilities:

  • Ensure that quarterly and annual reporting requirements are met
  • Manage relationships with 3rd party accountants and auditors
  • Manage tax-exempt bond compliance and reporting
  • Provide support to the asset management team and project sponsors

Requirements:

Ideal candidates will have both a commitment to NDC’s mission, and a proven understanding of generally accepted accounting standards (“GAAS”) related to real estate transactions. CPA preferred. A bachelor’s degree in finance, accounting, business administration, public administration or related field, and a minimum of five years of experience in a similar position or combination of experience and education that result in the required knowledge, skills and abilities to perform the work. Preference will be given to individuals experienced with the compliance and reporting requirements associated with tax-exempt bonds. 

Compensation:

Excellent compensation package.  EOE.

How to Apply:

Email resume and cover letter to aennis@ndconline.org

Loan Officer, Project Finance Philadelphia Industrial Development Corporation (PIDC)
Philadelphia, PA
Job Function: Credit
Posted: February 14, 2017

Background:

PIDC is Philadelphia’s public-private economic development corporation. Our mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. We offer flexible financing products, a targeted portfolio of industrial and commercial real estate, and decades of Philadelphia-based knowledge, to help our clients invest, develop, and grow throughout the city of Philadelphia. 

Over the last 59 years, PIDC has invested financing and real estate resources into more than 6,900 transactions with a diverse range of clients, totaling nearly $15 billion in financing and more than 3,100 acres of land sales. These transactions have leveraged over $26 billion in total investment and assisted in retaining and creating hundreds of thousands of jobs. Its direct loan and managed third-party portfolio at year-end 2016 was nearly $590 million, representing 500 loans. For more information, please visit: www.pidcphila.com

Position Summary:

PIDC offers a wide range of financing products to businesses, developers, and non-profits of all shapes and sizes throughout Philadelphia. PIDC’s lending activity is managed by the Financial Services underwriting staff; guided by a risk rating system, and reviewed and approved by a Loan Committee comprised of PIDC Board members and outside advisors.  

All members of PIDC’s Finance Group are expected to contribute towards its five objectives, which are to:

  • Provide superior client service;
  • Meet or exceed PIDC activity, financial, and impact goals;
  • Support City’s policy objectives; 
  • Serve and support PIDC Market Development, Real Estate and Administration Groups; and,
  • Promote existing and identify new capital resources 

Responsibilities:

  • New business development and relationship management: Coordinate with PIDC’s Marketing and Business Development and Real Estate Teams to cultivate relationships with existing clients and prospects.  Develop a network of real estate developers / investors, nonprofits, and third party intermediaries (including bankers, NMTC consultants, and finance brokers) seeking capital for EB-5 financing, TIF, NMTC, subordinate term loan and bridge loans, and maintain primary relationships with existing private developer PIDC clients. 
  • Application intake, review and analysis: Schedule and attend preliminary prospect meetings and provide advice and guidance including indicative size and structure of financing; assemble application materials, and develop written credit report including project description, market and financial analysis
  • Approvals: Present credit report internally and to PIDC’s Loan Committee; obtain City and other governmental approvals for financing as needed including negotiation and preparation of forms or contracts in coordination with City, State and Federal officials.
  • Settlement: Manage financing settlement process including drafting of commitment letter, coordination of internal and/or external counsel, and negotiation of transaction terms with client. Prior to loan closing formally introduce the Portfolio Administration team as the primary contacts for disbursements, loan reporting, post-closing loan covenant monitoring and financial statement collection.
  • Administration of Resources: Proactively promote and monitor PIDC funding sources to meet annual disbursement goals.  Develop program expertise for all funding sources to include, but not limited to CDBG, EB 5, HUD, EDA,TIF’s and NMTC.  Work with the Director of Policy and Resource Innovation on applications, reporting requirements and other support, as needed.  

Requirements:

  • A Bachelor’s Degree with major course work in, economics, finance, accounting or a related field.   Master’s degree is desirable.
  • Proficiency in MS Office Suite and Sales Force, or other CRM.
  • Prior work-related experience with community development lending, New Market Tax Credits, EB-5, TIF’s as well as traditional and alternative loan programs is desirable.
  • Considerable related credit and financial analysis experience. Strong analytical ability.
  • Familiarity with financial statement presentation of for-profit and not-for-profit companies.
  • Strong oral and written communication skills.
  • Six to eight years loan sizing, creative deal structuring, negotiation and loan closing experience.  
  • Flexible, self-motivated and strategic thinker.
  • Capacity and desire to function in a high profile, public sector environment.  
  • Demonstrated leadership skills and the ability to take ownership of assignments.
  • A valid driver’s license. 

Must be a resident of the City of Philadelphia or willing to relocate within six (6) months of employment. 

Compensation:

Compensation commensurate with professional experience

How to Apply:

Interested candidates should submit a cover letter and resume electronically by Friday, February 24 to:

Mr. Marquis Upshur
Director, Human Resources
Philadelphia Industrial Development Corporation (PIDC)
mupshur@pidcphila.com

PIDC is an equal opportunity employer.

Undergraduate Summer Research Fellow – Impact Investing Wharton Social Impact Initiative
Philadelphia, PA
Job Function: Research and Analytics
Posted: February 13, 2017

Background:

The Wharton Social Impact Initiative (WSII) leads the Wharton School’s work in the use of business strategies for a better world. WSII’s work includes research, consulting, hands-on training, and outreach, and spans many geographic and topical focus areas, including Philadelphia, Africa, women and girls, and others. By leveraging Wharton’s hallmark strengths, WSII advances the science and practice of business social impact and develops business leaders who are equipped to lead in an increasingly interconnected and complex world. 

Building on the success of the original report, "Great Expectations: Mission Preservation and Financial Performance in Impact Investing," WSII is pursuing additional academic research opportunities in impact investing private equity by leveraging and expanding the Wharton Impact Research & Evaluation Database (WIRED).  As part of this work, WSII also plans to publish and distribute additional reports in the coming months.

Position Summary:

Working in a start-up like atmosphere, the candidate will be tasked with responsibilities spanning research, analysis, academic-level report writing, data entry, and preparing marketing documents.  The ideal candidate will help WSII build on its success to date creating an evidence base for impact investing. 

Responsibilities:

Commitment:

  • 35-40 hours per week from May 2017 to August 2017 (exact start and end dates TBD).  

Duties:

  • Synthesize data from financial documents to create a database of financial and social impact performance or private equity funds.
  • Perform financial and statistical analysis.
  • Assist in writing reports and creating presentations based on the analysis.
  • Represent WSII at conferences and meetings, as needed.
  • Create marketing presentations and documents for target audiences explaining the research.

Requirements:

  • Current undergraduate student pursuing a degree in economics, business, finance, international development, or related discipline.  (2017 graduates encouraged to apply as well).  
  • Finance experience, including familiarity with financial documents, like annual audited statements, quarterly reports, and other financial analysis reports and presentations.
  • Familiarity with statistical concepts.
  • Strong verbal communication and writing skills.
  • High level of proficiency with Microsoft Office Suite (especially with Excel).
  • Ability to handle and manage highly sensitive financial information.
  • High level of attention to detail.
  • Familiarity with or strong interest in social impact and/or impact investing is highly preferred.

 

Compensation:

This is a paid internship position.

How to Apply:

Please send a resume and cover letter to ImpactInvesting@wharton.upenn.edu with the subject line, "Undergraduate Summer Research Fellow."

Community Development Credit Analyst Wells Fargo
San Francisco, Philadelphia, Minneapolis, CA
Job Function: Finance
Posted: February 13, 2017

Background:

Wells Fargo Community Lending and Investment (CLI) is an industry leader in offering debt and equity capital to organizations that provide 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) and as a Credit Analyst, 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:

Details provided during interview process

How to Apply:

To view a detailed job description and to apply, please visit wellsfargo.com/careers and search Job Opening ID #5309937

Graduate Summer Research Fellow – Impact Investing Wharton Social Impact Initiative
Philadelphia, PA
Job Function: Research and Analytics
Posted: February 13, 2017

Background:

The Wharton Social Impact Initiative (WSII) leads the Wharton School’s work in the use of business strategies for a better world. WSII’s work includes research, consulting, hands-on training, and outreach, and spans many geographic and topical focus areas, including Philadelphia, Africa, women and girls, and others. By leveraging Wharton’s hallmark strengths, WSII advances the science and practice of business social impact and develops business leaders who are equipped to lead in an increasingly interconnected and complex world. 

Building on the success of the original report, "Great Expectations: Mission Preservation and Financial Performance in Impact Investing," WSII is pursuing additional academic research opportunities in impact investing private equity by leveraging and expanding the Wharton Impact Research & Evaluation Database (WIRED).  As part of this work, WSII also plans to publish and distribute additional reports in the coming months.

Position Summary:

Working in a start-up like atmosphere, the candidate will be tasked with responsibilities spanning research, financial performance analysis, academic-level report writing, client relationship management, and preparing marketing documents.  The ideal candidate will help WSII build on its success to date creating an evidence base for impact investing.

Responsibilities:

Commitment:

35-40 hours per week from May 2017 to August 2017 (exact start and end dates TBD).  

Duties:

  • Create and distribute financial performance benchmarking reports for impact investors.
  • Synthesize data from financial documents to create a database of financial and social impact performance or private equity funds.
  • Perform financial and statistical analysis.
  • Conduct industry research and landscape analysis to identify potential research participants.
  • Assist in writing reports and creating presentations based on the analysis.
  • Represent WSII at conferences and meetings, as needed.

Requirements:

  • Current graduate student pursuing a degree in economics, business, finance, international development, or related discipline.  (2017 graduates encouraged to apply as well.)
  • Finance experience, including familiarity with financial documents, like annual audited statements, quarterly reports, and other financial analysis reports and presentations.
  • Familiarity with statistical concepts.
  • Strong verbal communication and writing skills.
  • High level of proficiency with Microsoft Office Suite (especially with Excel).
  • Ability to handle and manage highly sensitive financial information.
  • High level of attention to detail.
  • Familiarity with or strong interest in social impact and/or impact investing is highly preferred.

 

Compensation:

This is a paid position.

How to Apply:

Please email a resume and cover letter to ImpactInvesting@wharton.upenn.edu with the subject line, "Graduate Summer Research Fellow."

Senior Loan Officer Vital Healthcare Capital
New York, NY
Job Function: Credit
Posted: February 12, 2017

Background:

Vital Healthcare Capital (V-Cap) is an innovative social impact loan fund (CDFI) which finances quality care and good healthcare jobs in low-income communities across the U.S. V-Cap has a pipeline of high impact projects, $35 million in capital and a goal of growing to $100 million in 5 years.

V-Cap provides financing and technical assistance to help excellent safety-net healthcare organizations innovate and grow in a rapidly evolving healthcare sector.   V-Cap focuses on integrated and person-centered care for low-income and vulnerable populations, including the elderly, at-risk youth, people with disabilities, and people with behavioral health needs. V-Cap prioritizes healthcare organizations that enhance job quality and job skills for frontline healthcare workers. V-Cap provides flexible facility, bridge and business loans.  

V-Cap is headquartered in New York, but national in scope, with initial activity focused in MA, NY, CO, and CA.  For more information, visit http://www.vitalcap.org.

Position Summary:

The Senior Loan Officer will handle all aspects of evaluating and underwriting loans to community-based healthcare providers, including initial review, loan structuring, full underwriting and closing.  The position will also involve managing a portion of V-Cap’s loan portfolio.  The Position will report to the Chief Lending Officer (“CLO”) and will support V-Cap’s business development and lending activities across its footprint.  

Responsibilities:

  • Develop a deep understanding of the healthcare sector, including financial, market and regulatory issues required to successfully evaluate, underwrite and service loans.  
  • Under the direction of the CLO, assist business development staff to evaluate potential loan opportunities, and manage new and existing borrower relationships.
  • Under the direction of the CLO, evaluate,  underwrite and close new loans, including:
    • Perform due diligence review of potential borrowers, including detailed analysis of their financial statements, organizational capacity, proposed use of loan proceeds, market and regulatory environment.
    • Identify and mitigate key financial, organizational, market, regulatory and implementation risks of proposed loans.
    • Structure new loan proposals, including evaluating potential loan terms and preparing draft term sheets.
    • Prepare initial loan summaries and comprehensive credit memos, and present proposed loans to management and Loan Committee for review and approval.
    • Manage all aspects of the closing process, including working with outside legal counsel, reviewing closing due diligence and negotiating loan documents.
  • Manage a portfolio of existing loans, including reviewing financial, impact and other reporting, monitoring compliance with loan terms, handling loan modifications and workouts and conducting annual site visits.
  • Performing other related work as needed.

 

Requirements:

  • Master’s Degree in Business Administration, Finance, Public Health, Public Policy or related field, or B.A. plus equivalent experience.
  • 5-7 years’ of lending experience in community development finance, healthcare finance, commercial lending or related field.  Demonstrated underwriting experience required.
  • Demonstrated experience in structuring, underwriting and negotiating complex community development financial transactions, including balancing mission goals with solid underwriting judgement and risk mitigation.
  • Knowledge of the healthcare industry, business lending and/or formal credit training a plus.
  • An understanding of financial accounting is required. 
  • Strong analytic skills, including financial analysis, business planning or organizational assessment, and qualitative research.
  • Ability to identify, evaluate and mitigate risk.
  • Ability to think proactively and creatively to effectively solve problems. 
  • Strong interpersonal skills.
  • Ability to manage multiple tasks effectively to meet deadlines.
  • Strong verbal and written communication skills.
  • Must be highly motivated, able to work independently, with modest supervision, and collaboratively in a team setting.
  • Modest travel required.
  • Must demonstrate strong ethics in interpersonal relations.
  • Proficient knowledge of Excel, MS Word and Power Point.
  • Demonstrated passion for working in a mission driven organization with a commitment to affecting positive change in low-income communities.

 

Compensation:

Salary and benefits are competitive and commensurate with experience.

How to Apply:

To apply, please submit your resume, cover letter and salary requirements to recruiting@vitalcap.org, with “Senior Loan Officer” in the Subject line.  

Vital Healthcare Capital is an equal opportunity employer, is committed to inclusion, and and welcomes candidates from diverse backgrounds.

Western States Director of Community Healthcare Investments Vital Healthcare Capital
New York, NY
Job Function: Business Development
Posted: February 12, 2017

Background:

Vital Healthcare Capital (V-Cap) is an innovative social impact loan fund (CDFI) which finances quality care and good healthcare jobs in low-income communities across the U.S. V-Cap has a pipeline of high impact projects, $35 million in capital and a goal of growing to $100 million in 5 years.

V-Cap provides financing and technical assistance to help excellent safety-net healthcare organizations innovate and grow in a rapidly evolving healthcare sector.   V-Cap focuses on integrated and person-centered care for low-income and vulnerable populations, including the elderly, at-risk youth, people with disabilities, and people with behavioral health needs. V-Cap prioritizes healthcare organizations that enhance job quality and job skills for frontline healthcare workers. V-Cap provides flexible facility, bridge and business loans.  

This position can be based in California or Colorado. V-Cap is headquartered in New York, but national in scope, with initial activity focused in MA, NY, CO, and CA. For more information, visit http://www.vitalcap.org.

Position Summary:

The Western States Director leads V-Cap lending and product development in Western States, including California and Colorado.  This position develops and maintains relationships with prospective borrowers; sources, develops and performs due diligence for lending opportunities; and develops lending strategies to advance healthcare development in target markets. The Western States Director is responsible for cultivating V-Cap’s strategic relationships with healthcare organizations, funders and investment partners, healthcare policy makers and other thoughts leaders to make V-Cap a valued strategic and financial partner to some of the most impactful healthcare organizations in otherwise underserved communities.    

This is an ideal opportunity for a highly energetic, creative and skilled professional to join a great team, and have high impact on the health and economic well-being of low-income communities.

Responsibilities:

Responsibilities include, but are not limited to:

Business development:

  • Source transaction opportunities and maintain a strong loan pipeline through active networking with healthcare providers in low-income communities, healthcare and workforce advocates, advisory groups, and other healthcare stakeholders. 
  • Maintain and manage relationships with potential borrowers.
  • Develop opportunities into proposed transactions, including through consultation and technical assistance to potential borrowers.
  • Manage regional lending programs, including the Colorado Strengthening Primary Care loan program in partnership with the Colorado Health Foundation.

Loan screening and underwriting:

  • Evaluate lending opportunities, including fit with V-Cap’s credit and impact guidelines.
  • Perform initial due diligence review of potential borrowers, including detailed analyses of financials, organizational capacity, proposed use of loan proceeds, and market and regulatory environment.
  • Work with V-Cap’s credit team to structure loans, identify and mitigate risks, and obtain credit approval.

Program and product development:

  • Assess and identify capital constraints for healthcare providers in V-Cap target markets.
  • Collaborate with funders and industry stakeholders to develop capital solutions to support providers’ ability to grow and mature their services

 

Requirements:

The ideal candidate will possess the following qualifications:

  • Demonstrated passion for working in a mission driven organization with a commitment to affecting positive change in low-income communities.
  • 5+ years of professional work experience in community development finance, healthcare finance, commercial lending, or a related field.  
  • Strong analytic skills, including experience in financial or credit analysis.
  • Exceptional interpersonal skills, with the ability to develop strong relationships across a diverse spectrum of stakeholders
  • Strong written and oral communication skills, with the ability to represent to a diverse range of stakeholders.
  • Strong project management skills including initiative, creativity, attention to detail, and ability to manage multiple parallel workflows.
  • Ability to travel extensively as needed.
  • MBA, MPA, MPH or comparable advanced degree preferred, and education or training must include finance and accounting

Compensation:

Salary and benefits are competitive and commensurate with experience.

How to Apply:

To apply, please submit your resume, cover letter and salary requirements to recruiting@vitalcap.org, with “Western States Director” in the Subject line.  

Vital Healthcare Capital is an equal opportunity employer, is committed to inclusion, and and welcomes candidates from diverse backgrounds

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